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Application of Erp in Different Sectors
Application of Erp in Different Sectors
Application of Erp in Different Sectors
1. https://www.youtube.com/watch?v=54s9axmyQzM&feature=youtu.be
In order to buy some time, he asked the CIO a series of questions, a) what are the main activities
of your company? Buying, Merchandising, Inventory Management, Warehousing and
Transportation, the CIO answered. b) If you could use one word to describe all of those activities
what would it be? The CIO answered LOGISTICS. c) What is the weakest functionality in ERP
you are considering? Logistics, the CIO answered. d) So what do you think about investing
billions of dollars in a system whose week point is where you need to be the strongest?
To make a long sad story short, they went ahead with the investments. The supply chain was so
dysfunctional that at one point they had their own suppliers, in their own warehouse, counting
inventory for them. The shelves were so empty that they required a substantial loan from the
International Monetary Fund, in order to recover from the implementation.
To help the clients think from their own functionality strategy they frame the decision just like
they would any other optimization decision with objectives and constraints.
2. https://www.youtube.com/watch?v=GYGes9u9WAo
Leverage the flexibility of percentage formulation, formula sizing, as well as any time back
sizing to meet last moment customer varied requirements that too without the need of long lead
times. Availability of multiple units of measurements covers volumes and also, the particle size
distribution of materials. Our comprehensive bill of material is the true solution of your mixed
mode needs, which also allows for flexible packaging alternatives with support for private label
manufacturing.
‘N’ number of features prove how an ERP system can establish sustainability major being proper
usage of inventory increased traceability and reduced cost, multiple location sites and
warehouses, numerous classifications and pricing for proper management serialization expiry,
quarantine and above all large recalls in minimal time, if at any time you receive a complain
regarding a particular lot of raw material you will in no time be able to determine which finished
could contain the bad lot and which customers have received those finished goods.
Finally, an ERP system for cosmeceutical takes care of most of the regulatory requirements set
forth by FDA’s Center for Food Safety and Applied Nutrition like cGMP Formula Management,
labeling requirements, and bidirectional law tracking. CFSAN is responsible for assuring that
cosmetics are safe and properly labeled. And with growing consumer awareness and consumer
laws, any quality compromise in cosmeceutical industry can prove to be very expensive. Thus an
ERP system provides quality check, not only through the entire process, but also for inventory
items, right when the item is received to when it is issued to productions after transformation has
finished and before shipping. It has to undergo quality testing. With everyday new products and
a wide variety of products, this sector is the one that pushes more through promotional offers
against market pull. This push and pull can be maintained in an ERP system through the
FORECAT ENTRY, MPF, MRP, SALES ORDER, SALES KIT, and PROMOTIONAL
PRICING. It offers vendor and customer wise discounts and even product wise discounts.
Beading all your need, an ERP system offers a complete spectrum of integrated solutions to
scrub away inefficiency, helps increasing productivity, and improved profitability.
3. https://www.youtube.com/watch?v=wx-cytR52ZE