ERP for Retail Business

Whether an enterprise is selling physical, or digital, products and services, they can’t survive – let alone grow - without adaptive business systems to support their core retailing, store, and warehouse as well as their extended digital or physical supply chains. Solutions in the Retail Enterprise Resource Planning (ERP) & Supply Chain Management (SCM) Solution Area provide the core real-time transactional engines; the multi-enterprise collaborative workflows; operational intelligence; and the business productivity tools required to support today's talent starved, dynamically evolving businesses.

The goals for the new system were:

• Managing overall business processes, infrastructure and applications.
• Supporting aggressive growth across new channels.
• Promoting the client's brand.

Need for an ERP Software for Retail

The company wanted to grow its business operations in the disciplined manner. They wanted to centralize its business (especially the Sales and demand fulfillment set up) so that the management can review its business growing and also find out lacking areas across all regions. web enabled ERP software for retail implemented in a 3-tier deployment which would help them manage their vast distribution set up spread across multiple geographies and also manage their future growth better offering very low costs of scalability.

Benefits of ERP to Retail Business

• To manage the purchase from different places

To better manage the multiple locations, ERP can used . Also to deliver timely and reliable information on financial, sales, inventory and operational performance. And they can provide ongoing 24x7 support.

• Improve people productivity

Help people in distributed operations work smarter and faster in the entities with an operations management solution which  delivers a high degree of scalability, and synergy with ERP.

• Market Competition

To beat the competition, retailers have to understand consumer demand at the point of interaction Margins & Efficiency .

• Manage Process Change

Manage the demands of growth and change with operations management solutions that easily adapts and is customizable to meet the unique business processes of the distributed operations - with low total cost of ownership (TCO).

• Competitive Global Ecosystem

Compete effectively with a global ecosystem utilizing a proven operations management solution for the distributed sites that connects real-time execution and day to day information about operations to the headquarter solution - drive business process standardization into the operations and global visibility across the organization.

Implementation of ERP in retail business paves way to Cost reductions  and 24x7 production support, with proactive monitoring and resolution of issues  . Also ability to maintain systems during off-business hours for patching and upgrades.

For more details about implementing ERP , please feel free to contact  Prevaj Consultants at prevaj@prevajconsultants.com or call +91-8144760745

ERP & eCommerce Integration

ERP synchronise eCommerce systems and allows to streamline and automate the sales process, from the online order to the delivery and the invoicing.
Once ecommerce platform and ERP system are integrated, product catalogue can upload via the ERP system to save time and costs. If we already have an ERP system in place, product data entry and uploading will occur automatically. What's more: the products will continuously be available.

ERP integration also streamlines catalogue management. The administration console of the ecommerce platform could be used to change or update product images, attributes, and descriptions; the information automatically synchronizes with your ERP.
As for new online orders, their transaction details are automatically forwarded to the ERP system for further processing, including fulfillment, inventory, shipping, invoicing, and more. Depending on your requirements, data can be synchronized in real-time or in batch mode.

Benefits of having an Integrated ERP with an e-commerce

1. Increases Self- Service Functionality: - The availability of real-time data from the ERP system on to the storefront, allows customers to view available inventory, latest order status, and track shipments with tracking numbers. This helps in reducing the cost of operations and improves customer experience with the storefront.
2. Reduce the inventory cost by having updated sales information: – All web sales information will instantly appear into the ERP system. ERP Item Inventory will also be updated based on these web transactions. So with the most up to date web sales information and inventory, ERP user can properly plan the purchase and thus reduces the inventory cost.
3. Generate financial reports in ERP, based on Web Transactions: - e-commerce applications are able to generate financial reports on sales. But integration with ERP provides the merchant the ability to produce Balance Sheet, P/L Statement, Trial Balance, Cash Flow, etc. which gives the transparency in financial information across the organization.
4. Increased internal productivity: – Because the integrated system streamlines multiple business processes, it has reduced human resource involvement in these processes. Web sales orders will be integrated to the ERP system in real time, back office ERP user can instantly track the order and start the further processing. Thus the order fulfillment cycle is reduced through this integration.
5. Reduced Human Involvement, Data Redundancy and Error: - With integration, web customer details, web orders, payment & shipping information will be integrated to ERP system, similarly Item and Inventory details can be uploaded from ERP to e-commerce portal, so in any way this integration will eliminate the need of re-entering the data. Thus the integration solution will reduce human involvement, data redundancy and error over two platforms.
6. Increase Customer Satisfaction: - Ease of getting most up to date product information, inventory availability detail, order tracking detail, etc in the web from ERP system, customer satisfaction level raises a lot and it reduces operational hassle for the business.
7. Better Control of your Business: -Integration of e-commerce and ERP business processes provides the business owners with a better control of their business and there by getting competitive advantage.

Plan for growth. Choose from our existing integrations to begin managing and transferring data to have a growing business.

For more details about integrating eCommerce and ERP , please feel free to contact  Prevaj Consultants at prevaj@prevajconsultants.com or call +91-8144760745

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The miracle of shopping through www’s

eCommerce has revolutionized the 21st century in a way that few other technologies have. Over the past decade, the phenomenon of eCommerce has developed into a full-blown industry. Once used solely for business-to-business purposes, today nearly everyone has made at least one purchase using an eCommerce platform.

Retail outlets were the most visited places in busy cities a few years back although that’s not how it is to be now. The main reason for this is the advent of online shopping portals and the dependency of people on the World Wide Web to buy most of their products online. Also nowadays not everyone can afford to waste time spending hours at retail outlets especially in a busy work life. Most of the people love to spend time having fun instead of spending it in shopping malls and retail stores.  Another great advantage that online shopping offers is that the products are extremely affordable and you’re bound to get good discounts on every purchase you make. This is why many developing countries wasn’t really in to the idea of online shopping portals , today has a lot of customers who love to shop online. Online shopping is indeed a boon to the product sale and buying products at cheap prices.

Internet saves a lot of time and gives opportunity to choose goods at the best prices. Present-day Internet sales boom is the foundation for magnificent eCommerce future.

The “quantity to quality” tendency of eCommerce is also becoming more and more obvious, as the Internet has excluded geographical factor from the sale. So it doesn’t matter any more whether your store is situated in New York or London or in a small town. To survive, merchants will have to adapt rapidly to the new conditions. To attract more customers e-store-owners will have not only to increase the number of available services, but to pay more attention to such elements like attractive design, user-friendliness, appealing goods presentation, they will have to opportunely employ modern technologies for their businesses to become parts of eCommerce future.

Of course, those, who acquire e-stores earlier, get better chance for future success and prosperity, though an eCommerce site itself doesn’t guarantee you anything. Only an appropriate eCommerce solution in combination with thorough e-marketing and advertising can buy you business insurance.

eCommerce appeals to the population at large for several key reasons.

• It is the most convenient way to shop.
• It doesn’t involve lines or long drives.
• eCommerce typically offers a larger selection than brick and mortar stores.
• eCommerce offers the ability to shop 24 hours a day
• Most eCommerce stores offer bigger discounts and savings on their products.
• Comparison-shopping is simple because of the vast selection.

With more and more people seeking alternatives to bricks-and-mortar retail, now is the time for development of new technologies to enhance the online experience. Here are a couple of reasons why brands should be paying attention:

• A recent study projects a doubling of mobile commerce sales in 2013
• e-marketer predicts that in the apparel and accessories category alone, e-commerce sales in the U.S. will grow to $224.2 Billion by the end of 2012, up 15.4% since 2012.

Over the past ten years, the eCommerce revolution has transformed the way we shop to the point, where we don't even have to get dressed and make contact with another human to find a great deal. Although the amount of time and money we spend online grows every year, the eCommerce experience has changed more since its inception.


For more details about eCommerce portal development , please feel free to contact  Prevaj Consultants at prevaj@prevajconsultants.com or call +91-8144760745

ERP creates the foundation for an Efficient Organisation

ERP system is responsible for real time integration of management information by controlling the flow of information across an entire organization. Typically, its implementation involves an enterprise-wide database and a collection of application modules to support day to day business operations and management processes. Commonly known application modules include finance, accounting, logistics, sales, marketing, project planning, manufacturing, human resource,customer relationship management (CRM), Supplier relationship management (SRM) and more.

It is very important to understand how an ERP can positively impact the organization.It will enable to illustrate the paybacks where the organization will receive from the ERP system implementation. The benefits and features of an Erp system will help to recognize the importance of managing information, flow of data and business processes.Company and industry can yield numerous benefits with the ERP system.

How ERP helps in improving an organization’s performance

The ability of an ERP system to provide the same updated and accurate information across different functions is what makes the application so valuable to enterprises.

Let’s take the example of a customer order to understand this better: Before the advent of ERP applications, once a customer order was placed, it had to follow a paper trail from department to department – with details of the order being entered and re-entered into the applications of the different departments. This manual process was prone to errors and delays; till the order was entered into the application of a particular department, the goods could not be manufactured or shipped.

With an ERP system, a customer order is entered only once, and this information is available to all the applications across different functions. Once the order is entered, the application checks if goods are available in the inventory. If the goods are not available, it raises a purchase order which is subsequently used by the production team to manufacture goods, and by the finance team to issue an invoice. The produced goods go back into inventory, where they then become available for shipment. This single view of demand and supply enables organizations to better understand the needs and demands of the customer - and actually anticipate their requirements. This information can then be used to forecast future demands. This shortens lead time, reduces the overall cost of manufacturing, and ensures enhanced customer satisfaction.

The advantage of ERP is the fact that people in different departments can all see the same information, and update relevant information. As soon as one department finishes its part of the order, the ERP system forwards it to the next concerned department, which is defined in the workflow. To understand the status of an order, anyone in the organization can simply login to the ERP system. Web-based access can also be provided to customers who want to track down the order status.

Benefits of ERP

Apart from the low cost of ownership and savings achieved by standardizing one application to manage multiple business functions, usage of ERP promises much more. With a successful implementation of an ERP system, top management can have a consolidated view of sales, inventory and receivables at the same time.

Improved visibility: Due to the centralized nature of ERP systems, organizations can track inventory levels on a daily basis, including inventory in transit and future consignments to be received. This visibility can enable organizations to control their working capital requirements to a great degree. This visibility also enables organizations to run their enterprise in accordance with their strategy, while empowering them to make quick decisions to pursue opportunities.

Reduced operating costs: One of the most immediate benefits from implementing an ERP is reduced operating costs: such as lower inventory control costs, lower production costs and lower marketing costs. By avoiding duplication of information but not reinventing the wheel for common business processes, an ERP provides opportunities for cost reduction and value-added tasks, leading to increased margins.

Standardized business processes: Most ERP vendors design their products around standard best-business processes, which are based on industry best practices. Organizations can use these business processes to standardize their own processes. This process consistency allows a consolidated view of the business across the distributed enterprise, enabling organizations to drive continuous improvements, as operations are streamlined and there is healthy synergy between departments and functions. The improvement also comes from transparency and reduction in human errors due to automation of inter-company transactions.

For any productive business organization ERP can play a vital role. A successfully implemented centralized ERP system will help in improving alignment of strategies and operations, productivity and insight, financial management and corporate governance. ERP system also enables in reducing costs through increased flexibility and overall risk.

For more details about Web based ERP development, please feel free to contact  Prevaj Consultants at prevaj@prevajconsultants.com or call +91-8144760745