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Justification of ERP Investments Part 1: Quantifiable Benefits from an ERP System
Studies that surveyed manufacturers about the impact of ERP systems on firm performance indicate that company size and industry do not affect the results

cost reduction using erp  the administrative expenses. Material Cost Reductions . A 5 percent reduction in material costs because of improved purchasing practices results in annual savings of $225,000. Labor Cost Reductions . A 10 percent reduction in labor costs because of less overtime and improved productivity results in annual savings of $100,000. Increased Sales . Improvements in customer service typically lead to a 10 percent sales increase; this is not shown in figure 3.1. Annual benefits totaling $475,000 in this example Read More...
ERP for the Oil and Gas Industry (Upstream)
The model of ERP systems for the upstream oil and gas sector addresses the particularly specialized business model of this industry. It is common practice for companies, individuals, and government...
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Documents related to » cost reduction using erp


Benchmarking ERP in SMB
Many small companies have limited resources to devote to the implementation and maintenance of enterprise resource planning (ERP). Fortunately, the price

cost reduction using erp  (Table 5). Table 5: Cost of Performance Improvement by Vendor Small Companies ( Mid-Size Companies ($50m-$1b) Large Companies (>$1b) Reduction in inventory costs 13.9% 14.5% 18.1% Reduction in manufacturing operational costs 12.8% 12.8% 15.4% Reduction of administrative costs 13.4% 16.4% 11.4% Improved complete and on-time shipments 20.2% 21.0% 13.0% Improved mfg schedule compliance 19.3% 17.3% 12.1% Average 15.9% 16.4% 14.0% Cost per % point of improvement $389 $347 $130 We see from these results a Read More...
Using PKI to Protect Your Business Information
Interconnection between vendors, suppliers, customers and employees through ERP and CRM tools, has become a competitive edge. Like ERP and CRM infrastructures,

cost reduction using erp  in the form of cost reduction, processing error reduction and decreased processing time. The benefits of using e-forms translate to virtually any government or business process, including applications such as: Enrollment for services (benefit or loan applications) Financial services (invoicing, purchase orders) Regulatory compliance and reporting (environmental reports) Employee services (timesheets, expense reports) E-Filing (revenue or court documents) Law enforcement reporting (arrest, transfer or Read More...
Inventory Reduction: Effectively Turning Excess Into Cash
In virtually all manufacturing companies, there is a direct correlation between inventory levels and overall business performance. In fact, CEO's and CFO's

cost reduction using erp  quickly, at a modest cost. This can create an ROI like no other investment you can make. Considering how much money may be unnecessarily flowing into inventory every year mandates that adding the capability to quickly answer the four assessment questions on page one is an absolute necessity. Excess Inventory Is a Problem in Good Times, and Bad Companies hit by a sharp decline in sales all too often experience a significant rise in inventories because of the considerable and unnecessary time that's Read More...
Justification of ERP Investments Part Two: The Intangible Effects of ERP
The intangible or non-financial benefits of an integrated enterprise resource planning (ERP) system can be viewed from several perspectives. For illustrative

cost reduction using erp  be used to focus cost reduction efforts on high value items. Bill comparisons can be used to highlight differences between products or between revisions of the same product such as to identify upgrade kit requirements. ERP systems support custom product configurations. Rules-based configurators reduce the need for expert assistance from engineers, and ensure sales personnel (or even customers) can develop timely accurate configurations. Cost estimates and pricing for custom product configurations can Read More...
To ERP or Not to ERP, that Is the C-level Question
Whether your organization is looking to take the leap into an enterprise resource planning (ERP) system for the first time or seeking to add to the current ERP

cost reduction using erp  the technology side, the cost of building, maintaining, and supporting integration points can be high. However, the benefits an organization gains from adopting an interchangeable, component-based view of their overall system needs can far outweigh the potential downsides, or in Bard-speak, even though it may seem to some to be nobler to suffer through with a single ERP vendor’s solution, taking arms with the large cloud of component solutions available today to find your best-fit solution may indeed Read More...
Practical Guide to ERP for Recipe/Formula-based Manufacturers
Understanding the features, functions, and architecture of an enterprise resource planning (ERP) system best suited to your type of manufacturing will help you

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Sage 500 ERP for Discrete Manufacturing ERP Certification Report
Sage 500 ERP (formerly Sage ERP MAS 500) is TEC Certified for online evaluation of discrete manufacturing enterprise resource planning (ERP) solutions in the

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ERP Software Selection Case Study: DCI Cheese Company Manages Rapid Business Growth with Enterprise 21 ERP
To facilitate business expansion, DCI Cheese Company engaged in an enterprise resource planning (ERP) evaluation process to select a system capable of

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2011 Trends Report: Enterprise Resource Planning (ERP)
Enterprise resource planning (ERP) automates many aspects of an organization’s operations, cascading across traditional boundaries of operations, finance

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Intelisis ERP
Intelisis is a customizable business solution based on three main processes: ERP, supply chain management (SCM), and customer relationship management (CRM

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Deacom ERP Software System (version 14.4) for Process ERP Certification Report
Deacom ERP Software System (version 14.4) is now TEC Certified for online evaluation of enterprise resource planning (ERP) for process manufacturing in the ERP

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Justification of ERP Investments Part Four: Replacing or Re-implementing an ERP System
An investment analysis focusing on enterprise resource planning (ERP) benefits frequently applies to those firms initially justifying an ERP implementation. It

cost reduction using erp  cases tends to use cost comparisons between alternatives. The starting point for cost comparisons should be the previously discussed classification of costs, both one-time and ongoing annual costs. The following case study illustrates the use of cost displacement as the basis for ERP investments. Case Study: Cost Displacement as the Basis for ERP System Replacement Several autonomous plants of a multisite manufacturing firm implemented a stand-alone micro-based ERP package at each site because it was a ch Read More...
Justification of ERP Investments Part Three: Costs of Implementing an ERP System
Enterprise resource planning (ERP) implementation costs can be divided into one-time costs and ongoing annual costs. Both types of costs can be segmented into

cost reduction using erp  Costs Software . The cost of an ERP software package varies widely, ranging from $30,000 (USD) for micro-based packages to several million for some mainframe packages. The number of concurrent users generally drives the software costs, so that smaller systems cost less. For illustrative and general guideline purposes, the software package costs range from $50,000 to $200,000 (USD) for smaller manufacturers. In addition to the ERP software package, one-time costs may include systems software, development o Read More...
Sage ERP X3 v.6 for Distribution Enterprise Resource Planning Certification Report
Sage ERP X3 v.6 is now TEC Certified for online evaluation of enterprise resource planning (ERP) solutions for distribution in the ERP Evaluation Center. The

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