vritti

Author name: Vritti

How Warehouse Management Softwares Improve Efficiency

warehouse management / By

[vc_row][vc_column][vc_column_text]Warehouse Management Systems are becoming more popular as supply chain logistics continue to develop with ever more complicated requirements that affect warehousing along with increasing customer demands.  With an expanding volume of inventory movement, many organizations are turning to technology to streamline operations and meet these challenges. With advanced functionality through Warehouse Management Systems For Small Business, WMS technology allows companies to respond to evolving market pressures and deliver on ever-shrinking time to delivery windows. These system are designed to create highly efficient processes for handling inventory and picking orders that will eliminate the inefficiencies and mistake riddled processes that plague most manual-driven warehouses or absent warehousing functionality systems. Another result of WMS technology is the ability to  enhance your customer satisfaction numbers and most likely help you attract new customers without adding to your workforce. This post can give you some insight into how Better Warehouse Management Strategies through Automation are key to meeting the demands of a  modern business supply chain logistics  environment along with reaching your organization’s goals. Warehouse Management Automation Benefits: Enhanced Productivity: Utilize advanced functionality to increase inventory turns and provide detailed worker accountability, resulting in heightened productivity and maximized efficiency. Optimized warehouse processes reduce picking time and product touches by allowing you to seize cross-docking opportunities. It also minimizes travel paths with slotting/re-slotting functionality, optimizes picking execution with user-configured algorithms, and intelligently directs put-away to the appropriate bins based on product handling characteristics. Furthermore, our solutions virtually eliminate the need for non-value-added activities such as manual checking and shipment audits. Achieve Up to 99%+ Inventory Accuracy: Through robust cycle counting capabilities, real-time information confirmation and verification, our solution gives your employees and their managers immediate feedback on work accuracy. An accurate system ensures workers are not looking for missing inventory or overloading any given location. This also helps you avoid costly errors. Boost On-Time and Complete Shipments: The accurate order picking functionality “best-inbreed” WMS systems allows you to deliver complete orders on time. Increased fill rates and decreased cycle times enable you to avoid costly shipping delays and backorders that jeopardize valuable customer relationships. In addition, overall process efficiency decreases cycle time, resulting in more on-time shipments. Warehouse Space Optimization: HighJump Warehouse Edge provides directed stock rotation, intelligent picking directives, automatic consolidation, and cross- docking to maximize the use of valuable warehouse space. The system also directs and optimizes put-away based on accurate, real-time information about the status of bin utilization. Reduce Shrinkage and Spoilage: Better Warehouse Management Systems solution facilitates real-time monitoring and enforces FIFO (first-in, first out) rotation to reduce spoilage. In addition, high levels of worker accountability empower you to detect shrinkage problems Exceed Customer Expectations: Another benefit, sometimes intangible, is to empowered to consistently deliver on customer promises with the ability to reduce cycle times, stock-outs and backorders; improve order accuracy and on-time shipments; and offer unique services Conclusion: A Warehouse Management System (WMS) is a system that is intended to support the everyday operations within a warehouse.The warehouse management system is used to manage, control and track the storage and transfer of the goods in a warehouse.[/vc_column_text][/vc_column][/vc_row]

Clearing Common Misconceptions about ERP

ERP Benefits / By

[vc_row][vc_column][vc_column_text] Upgrade vs. Replacement: Evaluate first if you need to get a new ERP system or just an upgrade. Many ERP solutions today are modularized; you can simply integrate a module, for instance payroll, with your current applications. This way you minimize disruption and costs. But if your ERP system is ten years or older, it may be wise to replace it. You can leverage today’s ERP solutions for mobility, integration, scalability, and deployment options. Similarly, machine learning, predictive analysis, and advanced reporting are pushing ERP to the next level. Training and Setup: On-premise ERP solutions need to be installed by someone with technical knowhow. If you lack a tech team, make sure you understand your service level agreement or SLA. Installation is often charged separately from license, but some vendors offer all-in bundled plans. For SaaS ERP, setup is as easy as activating an account to access the vendor’s server. Likewise, ERP is more complex than most business solutions, so it requires user training. Does your vendor provide this service? Whether bundled in or exclusive to the plan, the kind of training you’ll receive should suffice for average users to adopt the system. Reporting and Dashboards: Go beyond spreadsheet and PDF exports. ERP solutions today feature advanced reporting that can generate compliant financial statements based on your region. The latest ERP reporting tools also allow in-system query and smart filters coupled with real-time data. Likewise, look for agile and ad hoc reporting to quickly adjust to evolving business needs and disruptions. Dashboards, on the other hand, should let you mash up quantitative vs. qualitative data at user, role, and department levels. Look for the standard dashboard function of displaying KPIs with drill-down links. Integration: ERP should work seamlessly with your existing business applications. There are a number of integration points you need to consider from top to bottom. These include system-to-system (example, ERP to your existing CRM or HRMS), module-to-system (example, ERP payroll to your existing HRMS) and file transfer capabilities (example, exporting/importing PDF, JPG, DOC, CSV files). An ERP with flexible integration can work with existing infrastructure, expand its functionalities or, in fact, replace it while ensuring smooth records and files migration. Customization: Aside from ensuring the ERP processes match your key business workflows, look closely at your departments. They may have different priorities and culture, which may even be contradictory. For example, marketing spends, while accounting saves, or production lives by daily output, while sales live by monthly quota. All these lead to myriad workflows that won’t fit into a one-size solution. Look for an ERP solution with customization tools, localized dashboards, and configurable workflows, among others, that allow departments to define their goals and set the ERP based on their parameters. Conclusion: An ERP Solution should be made to reduce the burden upon an organization so that there is a smooth flow of activities. For a free consultation, please contact us. We as a Vritti Solutions Ltd has been providing top quality of ERP solutions Pune, Mumbai, Delhi, Bangalore etc.[/vc_column_text][/vc_column][/vc_row]

Are All Warehouse Management Systems (WMS) Created Equal?

warehouse management / By

The WMS programs of a decade ago were once rigidly compartmentalized and relegated to a specific industry or vertical. Effective warehouse management is more than simple data. It’s a staging ground for a robust and customized set of solutions for your workflows. It ties together teams beyond your warehouse walls, looping in sales, engineering, IT, and more to create transparency and cooperation across the board. Vritti Solutions is a Pune based software company who provide best quality of warehouse management software in Mumbai, Pune, Delhi, Bangalore etc. Your WMS means more than hitting a key to determine where materials are stored––it’s about building and shepherding the processes that get them there. And today, you have many integration-friendly, scalable options for a WMS that are capable of the evolution you’ll need as a modern business. Benefits of WMS for Future Ready Enterprises. 1:  Reduced Operating Expenses A well-designed WMS reduces operating expenses in a variety of ways. This type of system determines the most effective use of both labor and space, which reduces waste. WMS software can help you determine where to keep certain materials, products and equipment to optimize the flow of your warehouse. Some advanced systems have warehouse floor simulators, enabling users to create potential floor plans within the system. 2: Enhanced Inventory Visibility Inventory visibility is one of the most important components of warehouse management systems. WMS software provides real-time data on your inventory through barcoding, serial numbers and RFID tagging. All of these methods enable users to document each item as it enters the warehouse, all of its movements on the warehouse floor as well as its movement during transportation from one location to the next. WMS solutions allow users to track inventory within a single warehouse or multiple locations This type of visibility is necessary to create demand forecasts, which provide insight into which products are most popular with customers during specific times of the year. These forecasts assist leadership in deciding which products to invest in and which ones may be losing their place in the market. Traceability ensures you only have to recall damaged goods, rather than any and all goods you suspect are tainted. 3: Just-in-Time Inventory Another benefit of a warehouse management system is Just-in-time (JIT) which refers to an inventory management practice in which stock levels are kept low and product moves quickly through the warehouse. Rather than holding onto inventory for long periods of time, your warehouse receives it “just in time” to fill an order. While this process can be quite complex, achieving a balanced, just-in-time inventory is a breeze with the right warehouse management program. A WMS provides forecasts which are used to generate optimal inventory levels to meet demand without underestimating or exceeding it. This greatly reduces safety stock and related carrying costs. If your materials are used in manufacturing, just-in-time warehousing can also reduce waste and scrap related to perishable items. 4: Continuous Improvement One of the most important warehouse management system benefits is consistent updates. Warehouse management software vendors typically introduce new features regularly to reflect current industry best practices. This makes it easier for organizations to stay on top of the latest developments and allows them to continually improve their processes based on these innovations. With cloud WMS, continuous improvement is even easier. Updates and new features can be added to the system automatically, reducing the need for in-house IT staff. But businesses using an on-premise system may or may not receive regular updates from their vendors, depending on the terms of their contract. This is yet another example of why many buyers are moving to the cloud. Compare Top Warehouse Management Systems Software Leaders Enhanced Security Most warehouse management programs require employees to use individual user accounts when entering transactions. This creates an audit trail that connects specific employees to specific transactions, which improves accountability and reduces the risk of theft and other issues. It also allows employers to identify new training opportunities and other ways to improve employee practices. Additionally, user-based access levels prevent unauthorized access to certain reports and analysis. This only allows each user to see as much information as is necessary for their work. This way, with a robust WMS you don’t have to worry as much about company secrets and losing your competitive advantage. Conclusion If you’re small- to medium-size company is looking to grow, then 2019 is the year you need to embrace WMS and learn ways to have an uptick in profits. <!– 1545200647629 –>

Benefits of ERP for Future Ready Enterprises.

ERP Benefits / By

The Supply Chain Management (SCM) starts with procurement from suppliers and ends with a shipment to our customers. As technology has evolved, markets have become more complex, and customer expectations have increased, it’s become necessary to involve more departments within the organization in the supply chain. Thankfully, as it’s become more and more crucial that departments and functions not previously considered in SCM join the fray, innovative companies have created systems to address that change. One of the best solutions is Enterprise Resource Planning (ERP). The right ERP management suite can: Improve productivity Reduce costs Decrease production time Reduce errors 1: Improve Productivity A paramount advantage of ERP can give you is increasing productivity by automating many processes that are manual and time-consuming. If your employees are spending time creating and updating spreadsheets, the gains here can be huge and because ERP solution providers learn with each implementation and update their offerings accordingly, those automatic processes are built on years of experience and industry best practices. The time your employees—from finance and accounting to procurement and fulfillment—save on busy work allows them to focus on other things, like looking for opportunities for increased efficiency and boosting customer satisfaction. ERP also loops human resources into the overall picture, which means all the data collected can inform HR decisions about the needs for training, staff changes, and shift reorganizations. 2: Reduce Costs When one source of truth is used to inform decisions about procurement, production, and tracking orders, it’s much easier to see where you can be lean on inventory, and where you need to create a safety supply. Reducing obsolete stock is one of the best ways to reduce costs. And a safety supply means fewer production disruptions, backorders, and dissatisfied customers. In addition, having a more holistic view into how much inventory you need provides opportunities to make deals on bulk orders. Marketing and sales often have their ears to the ground on what their customers are looking for in the coming weeks or months. Giving them access to data in the ERP system in real time (and on their mobile devices) allows them to better meet the needs and desires of these customers. 3: Decrease Production Time In days past, a company would receive an order, an employee would input the order, another employee would check to see if the necessary parts are in hand and order if they weren’t, someone else would receive the order for parts and stock them. Only then could final assemblies be manufactured. Manual, staff-heavy process that could take days or weeks. But an ERP system does all that in a matter of seconds, without human involvement whatsoever. 1. If the right parts aren’t in stock, an ERP can see if they are available in another location, or which supplier can ship them the most quickly. 2. If different tools are needed to produce the assembly, ERP can alert the machine set-up crew to have the new tool in place as soon as the part arrives. 3. The software will keep track of the other orders on hand and how they might influence different machine needs to make recommendations for greatest efficiency. 4: Reduce Errors With older, more manual processes, human error is almost an inevitability. Even your smartest, most accurate employee has bad days. The best designed spreadsheet will encounter problems with out-of-date information and version problems once it’s been passed around a few times. Since ERP systems automate many of the processes and calculations that had been performed by employees in a spreadsheet, the probability of errors is reduced substantially. ERPs also track repeat behaviors and trends, which allows predictive analysis, taking much of the guesswork out of inventory management—a source of stress for many employees. Conclusion If you’re small- to medium-size company is looking to grow, then 2019 is the year you need to embrace ERP. The four reasons we listed above should be compelling enough to get you started down that road. But perhaps the best reason is what all those other things add up to: an uptick in profits. An ERP solution can help your company become more productive, leaner, more accurate, and smarter, which leads to happier customers and suppliers. Happy customers are repeat customers, and that drives the bottom line. If you’re ready to start the ERP journey, get in touch with us. We are amongst one of the noted ERP solution providers in India or read more about how it’s helped other businesses in our resources section. <!– 1545200647629 –>

Why Do Successful Businesses Vouch For Ekatm ERP?

testimonial / By

In the fiercely competitive market today, no organization can be successful unless the business processes are streamlined and integrated. To achieve it successfully, you need a complete business process management software. What is better than an ERP system? In the recent years, ERP systems have become the backbone of every business. It is an indivisible entity in a business operation. It is crucial that the ERP system used is smart and advanced. When you aim for the business transformation, never compromise on substandard solutions. Ekatm ERP by Vritti Solutions shines outstandingly against the competitive products. We offer best ERP software in Delhi, Mumbai, Pune, Bangalore etc. What is so unique about Ekatm ERP? The biggest thing about the Ekatm ERP is that it is designed specifically for the requirements of Indian SMEs. Hence, it is ideal for all sectors; hospitality, trading, manufacturing, Information Technology, banking, and finance, etc. Team Vritti wants to offer the best value for money. Hence, every feature of Ekatm ERP is developed to support business operations in a trouble-free way. Ekatm ERP is ideal for managing following business operations: Sales management: From the process of getting business inquiries to receiving a quotation and invoicing and shipping; the sales management module serves everything. Purchase management: It caters to all the needs of the procurement process in an organization. Inventory management: You want to have a close check on the inventory because it is a big-ticket item. Ekatm ERP system offers a smart module for it. Production management: Effective production planning and management made easy. Warehouse management: Everything related to the warehouse management such as material inward, picking and packing, binning, delivery tracking, etc. becomes easy when you do it using the Warehouse Management system of Ekatm ERP. Financial management: ‘Money makes the mare go’, to keep track of every penny coming in and going out you need comprehensive financial management system. The advantage of using Ekatm ERP An entrepreneur will not invest money in installing ERP system unless the benefits achieved by it are far more than the expense made. Here is a list of benefits you will get after implementing Ekatm ERP: Outstanding improvement in customer satisfaction Maximum control over the business processes A unified system of business operation management Quick and easy access to information anytime and anywhere Higher levels of work efficiency Undoubtedly, a multifaceted ERP system takes the organization to higher levels of operational efficacy. Hence, your business needs Ekatm ERP system when you are looking forward to leading the niche by excessive margins!