Today’s business environment rewards those who can act faster and more efficiently, making the most of today’s most important asset—information. Many organizations face major challenges in their efforts to become smarter. Siloed information and poorly integrated business systems can make it difficult to act with speed and agility, which hurts competitiveness. NGR's ERP solutions can help answer these challenges.
Whether you need to streamline your processes across procurement, manufacturing, service, sales, finance, or HR, an enterprise resource planning (ERP) solution from NGR can help transform your business. NGR's ERP / Business Management Solutions can help you to manage your ERP initiatives on a global basis with extensive business process knowledge, offering integrated, innovative strategy, change, and business advisory solutions in four key areas:
- Business strategy consulting
- Operations strategy
- Technology strategy
- Organization change strategy
NGR's powerful ERP solutions help make sense of information and use it to empower employees and organizations. Our sustained investment in best-in-class technology and services reflects a longstanding commitment to target our clients’ top-of-mind issues. Our ongoing efforts build on what makes these alliances so valuable to our clients worldwide—the complementary nature of leading enterprise applications with NGR strategic consulting, services, hardware and software. This combination helps our clients make the most of investments in ERP software to streamline and improve processes across any organization.
NGR's ERP solutions cover a wide range of functions and integrate them into one unified database. For instance, functions such as Human Resources, Supply Chain Management, Customer Relations Management, Financials, Manufacturing functions and Warehouse Management functions were all once stand alone software applications, usually housed with their own database and network, can now fit under one umbrella.
As in any integrated System or Unit, the performance of each one of the parts of an Enterprise has an impact in his cumulative performance results. Specifically, we can say that a 95% performance in independent vital enterprise elements (Item master, Bills of Materials, Production Master Schedule Adherence, Inventories Accuracy, Production Orders Accuracy and Purchase Orders Accuracy), will reflect a cumulative 75% in a ERP environment. This means a percentage of failure possible in productivity terms. Here is where we should support and combine this useful tool with a business strategy based on the desired administration tendency or theory.
Benefits: ERP helps small and midmarket businesses
An ERP package should provide an organization with a solid foundation, incorporating all of the fundamental aspects of running a business. Expectations run high when an organization deploys an ERP package - if the solution is a good fit for the company, the company stands to gain tremendous cost savings and service improvements across the enterprise.
Manual processes are automated, production scheduling is more efficiently managed and inventory is more accurately assessed. Also, business performance can be measured in a much more holistic fashion than ever before. This gives executives real-time visibility into all business processes, enabling them to make better strategic decisions. In short, with the right ERP package, a small or midmarket company can compete more aggressively in global markets.
According to a survey an ERP implementation can reduce costs in three primary categories: inventory costs, manufacturing operating costs and administrative costs. The survey's best-in-class respondents reported a 21 percent decrease in inventory costs, a 17 percent decrease in manufacturing operating costs and a 16 percent decrease in administrative costs. The average respondents' reductions were 11 percent, 8 percent and 9 percent, respectively.
Because an ERP solution has its fingers in all aspects of running a business, its benefits are myriad and go beyond tangible cost reductions. It can improve an organization's customer service and response time when solving issues. It can solve issues of interoperability among multiple manufacturing locations. It can standardize and accelerate manufacturing processes in all of a company's manufacturing sites.
It can streamline a manufacturer's order-fulfillment processes. It can facilitate connecting with partners' and suppliers' enterprise systems. ERP can even help an organization maintain compliance with government regulations, from hiring practices to environmental laws.
Case studies done on specific ERP implementations reveal a variety of different business-specific benefits. One of the case studies revealed that by replacing legacy systems with an integrated ERP package, one travel-accessories manufacturer reduced its inventory levels by 30 percent, reduced its warehouse space requirements by 38 percent, improved its month-end close process by five days, reduced its DSO (Days Sales Outstanding) by 44 percent and increased sales by 100 percent without hiring new employees.
Common ERP Myths
There are a lot of myths that surround the concept, infrastructure, implementation and practice of enterprise resource planning. Very often people are not willing to adopt ERP because of these wrong notions. In this section we will see some of the most common myths about ERP and will try to demystify them.