Open source ERP software



Today, ERP is no longer a luxury that a few Companies can afford to indulge in or showcase it as a status symbol. It is an absolute necessity for any Organization that wants to sustain and grow. All businesses, from small to medium and large, look for new ways to increase efficiency and profitability. An ERP (Enterprise Resource Planning) has the potential to improve all your business operations by
1)  facilitating useful communication between departments.
2) Making your entire system (organization) more responsive to the needs of all your stake holders.
An ERP system integrates all functions across a company to a single computer system, having a Centralized Data base, that can serve all those functions’ specific needs.
Independent, Modular and Integrated are the key words for an OSMTM implementation.
ERP’s extended version is Operating system for Manufacturing. An OSMTM, besides the internal functions of an Organization, may also integrate customers,  suppliers, employees  and other stake holders.
It helps to adapt the best practices followed worldwide  for carrying out all business processes.
As small to medium sized businesses (SME) look for new ways to increase efficiency and profitability they face three challenges:
1. Lack of knowledge of good systems and practices
2. Nil to poor implementation of systems
3. Lack of controls
4. Fulfillment of Legal Compliance
An ERP fills these 3 GAPs to create a winning environment for an Organization.An OSMTM i.e. Operating system for Manufacturing uses a centralized Data Base (Any singular part of Data may be controlled by one department or individual, but is used for planning and decision making by the entire organization.Management can define the Objectives of the Company.
Based on these Company Objectives, Departmental Objectives and Individual KRAs can be defined.
An OSMTM helps to collect and display in form of reports and graphs the Performance of each Employee and Department viz a the defined KRAs.
This brings a transparency in the Organization. Employees feel motivated and involved as their roles are clearly defined and measurable.
The management manages to perform as it has the accountability of each employee under its scanner.
The Organization wins.
The Company becomes a good place to work.

Comments

Popular posts from this blog

ERP industry

ERP and CRM systems