Enterprise Resource Planning (ERP)- an important factor to your business growth. What is ERP and Why does a business need it? Large industries and organizations with hundreds of workers and managers may find it difficult to contact different departments regularly. This is where ERP systems play an important role. ERP makes it easy for the...
Whether there is a small scale or large scale company, they all need ERP to function productively and grow. The hard part is choosing an enterprise resource planning platform. Once you have done that, you move on to the second part that is the successful ERP implementation ERP allows smart and efficient changes in the...
ERP is a complete system that helps in managing every need of a large business or a small one. ERP helps in planning all the details and using all the resources under one system or cloud. ERP implementation helps in managing everything from human resources to customer relationship management. Industries such as automotive, textile mills,...
Logistics companies exist to create easiness in the work environment of businesses, dealing with many functions revolving around the purchasing and selling of products. To work this around, the company typically needs hefty administration and a lot of data entry, accounting, and procurement processes. Doing this all manually isn’t an option in these newer times...
The retail industry of Pakistan is full of numerous supermarkets scattered across the country. These supermarts range from new startups to leading businesses of Pakistan, such as Imtiaz Supermarket. If you’re a supermarket owner and dream to achieve success with global recognition, you need to know the importance of the right business management software for...
Pakistani business industry is filled to the brim with many IT companies. Hundreds of these software companies have already found success in the national market while new and new companies are seen to be opening almost every day. However, there is still a lack in the IT market of Pakistan which is a good management...
Pakistan has a very large business industry that strives on many back offices handling day to day operations. Most large scale businesses hire third-party back offices for manual processes that they need. These back offices are typically responsible for data keeping, data entry, payroll, HR servicing, documentation etc. All these operations are run smoothly with...
ERP Implementation is a lengthy and sensitive process. This refers to integration of your whole business to an ERP software. A complete ERP Implementation includes digitization of all company records at the moment. If proper care is not taken, the ERP Implementation could get delays which waste valuable time for your business. To ensure a...
Payroll Accounting is an essential part of every business. Each business needs to take out time and manage payroll records at least once every month. With ERP Payroll, this task is made significantly less time-consuming, easier, and more accurate. Without a good ERP, companies mostly use various payroll software to do accounting. These software are...
EOQ stands for Economic Order Quantity. Economic Order Quantity is calculated by businesses to have a better understanding of what quantity of purchase will be the most cost-effective for them. Calculating EOQ requires a formula which we will get on later. This formula takes into account all costs attached to storing stocks purchased. This helps...