How to measure success of your ERP project

Lighthouse9031 May, 2022Business

For most manufacturing companies, cycle time is the heart of the business; a crucial KPI as it measures how fast the business is responding to customer orders. Cycle time measures the length of time from receiving an order to (producing &) delivering it to the customer. Faster cycle time shows better sync between the involved departments and leaner organization.

5 New age ERP trends in 2016

Lighthouse9031 May, 2022Business

Enterprise Resource Planning (ERP) empowers people to operate their business functions effectively & helps them take timely and accurate business decisions. ERP is extremely important as it integrates data across materials, sales, distribution, production, finance, HR, and projects for online and real-time visibility. The second half of 2016 and beyond will be the defining era for ERP ? the new-age ERP as one may term it. Atul Pimple, Co-Founder and Joint MD at EPPS Infotech Pvt Ltd shares five insightful new-age ERP trends:

Lighthouse ERP- story of 3 decades

Lighthouse9031 May, 2022Business

When you need an ERP solution as robust, exhaustive, and feature-rich as SAP/ Oracle Apps without their complexity and unaffordable TCO, LighthouseERP can come as a business transformation wand. Founded in 1987, Lighthouse Info Systems (LISPL), a Nagpur-based company launched a highly specialized industry-specific ERP solution -Lighthouse ERP. Constructed initially upon the Foxpro platform, Lighthouse ERP developed and matured from 1987 to 2001 under the leadership of Rakesh Khator, an IIT-D and IIM-Alumni. The later developments of this ERP took place after 2002, on the Oracle platform which was headed by Shashank Maheshwari, CTO & Jt. MD. As a cost-effective, integrated business management solution, LighthouseERP is focused to help clients optimize business processes and achieve positive ROI on their investments. Thus, making it an ideal choice to migrate from both low-end accounting software or failed high-end tier-1 ERP implementations.

ERP The Importance Of Choosing Wisely

Lighthouse9031 May, 2022Business

Anyone in the market for an ERP system needs to get to grips with every last detail of functionality before placing their order, warns Malcolm Wheatley. Mistakes can be costly. Gloucestershire-based Fluid Transfer International designs and manufactures aviation and naval refueling equipment such as fuel trucks, which they sell to defense ministries and airports worldwide. Each order is bespoke, finance director Richard Iles Caine told me. It starts with a vehicle chassis, onto which the company then adds the required components and sub-assemblies. Key to performing that juggling act: an ERP system ? K8 Manufacturing, from manufacturing ERP specialist Datawright ? containing a configurator, from which Fluid Transfer?s order entry and production planning personnel build order-specific MRP bills-of-material.

Employing New IT Skills Fastens Business

Lighthouse9031 May, 2022Business

The new skills in higher demand business analysis look into how to apply technology for business functions, cloud integration & data sharing. Change is required in the old IT skills for the new evolution. Past IT skills have been very technology-focused like the coding, databases, hardware, OS support, Sysadmin, etc - same hardware and OS level focus.

How to evaluate and choose ERP systems

Lighthouse9025 May, 2022Business

Implementing an ERP system is an expensive proposition that can cost millions of dollars (with the software licenses, consulting fees, integration costs, training, and upgrades factored in) and take months, even years, to fully deploy. Here are eight tips from ERP experts, systems integrators, and project managers who have successfully implemented an ERP software system.

Two Tier ERP Success Factors

Lighthouse9025 May, 2022Business

Because two-tier ERP deployments are not the same as traditional ERP projects, organizations must consider different factors when evaluating software. Because two-tier ERP deployments are not the same as traditional ERP projects, organizations must consider different factors when evaluating software.

ERP for Agro Commodities

Lighthouse9025 May, 2022Business

Commodity trading is investing in physical substances like oil, gold, or agricultural products. Agro commodities falls under soft Commodity trading, meaning the commodities which are planted and nurtured for future trading. The business can face fierce competition when agro commodity trading is concerned. The company has to act quickly in order to secure future contracts and sell them in the market in order to generate profits. Agro commodity trading deals in agricultural commodities, so traders have to act quickly so that maximum profit can be yielded

ERP Software for Solar Industry

Lighthouse9024 May, 2022Business

Energy can neither be created, not be destroyed; rather, it can only be transformed from one form to another states the law of conservation of energy. Energy is essential for everyday life. Starting from small tasks, to running large industries, various forms of energy contribute to its running. This results in huge consumption of energy every day around the globe. The demand for energy increases every day, but there are limited ways energy can be converted to the form it needs to continue contributing to running the world. Due to the enormous consumption of energy, humans are exhausting the sources of energy. Researchers and scientists are finding replacements in the form of renewable sources of energy to continue providing energy to industries for operations.

How To Make ERP Security A Priority In Today's IT Ecosystem?

Lighthouse9024 May, 2022Business

In todays IoT driven world, more and more devices are connecting to ERP Systems and their networks from various internal and external sources. This has also created vulnerabilities which can be exploited by vendors, which should force CIOs to review their ERP security policy. Vendor security patches ERP vendors for products like Lighthouse ERP release ERP patches on their customer portals. These patches are received monthly or even quarterly, but the challenge is to apply them timely after running the same through the Software test environments. If left unattended, it could leave clients vulnerable to threats and errors in case of incidents. ?Adopting best practises and leveraging critical security controls will continue to be the best bet for defending against cyber attacks. Most of these attacks happen from on systems that have been left unprotected (older versions). Good security planning and implementation will greatly reduce the chances of such breaches.

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