Tata iron and steel company private limited (TISCO) is an Asia’s largest integrated private sector steel making company. It is headquartered in Mumbai, Maharashtra and it is a subsidiary of Tata Group. The annual capacity of steel making production is 14 million tones. Why ERP was needed in TISCO private limited - The two factors were responsible for the implementation of the ERP in a company alike TISCO that they were not customer friendly and they were also not aware from the demands of customers. The existing systems were not updated and advanced and they were full of errors, redundancy and complexity. As per according to the company requirements, the overall SAP system adoption was necessary not only in the environment but also in the hearts of the staff of the company and administration as well. After a careful implementation of the company environment the ERP implementation decision was finalized.
It is found that till 2019, in USA 80% of organizations would have adopted the hybrid cloud ERP systems, and the remaining small and MSME enterprises would have adopted the simple ERP systems to fulfill their day to day data and information retrieval requirements. Organizations truly are needed to adopt cloud ERP software to host their workloads online. Today many factors are being considered for the selecting proper ERP vendor - cost performance reliability reputationThere is a new approach that is going to be started in 2018-19 financial year, that the organizations are selecting the proper group of ERP vendors instead of depending on the single vendor. This is similar approach to traditional suppliers association with the enterprises. The new ERP software are completely dependent on the development resources on the organization and they have no impact on the business operational activities of an organization. The secondary costs can be distributed among the other functional costs in an organization.Hope you liked the post ! Thanks for reading the post !
“Kundan” is defined as the most refined gold in its purest form. It is considered as the most ancient jewelry making process in India. In India, during mughal destiny, this kundan meenakari work was flourished. In Rajasthan this work was also on the extreme. Mostly tribal people are included to make this jewelry in it. There are following steps in the making of kundan-meena jewelry in India - Sourcing raw material and drafting the designs heating metal at predefined temperature and pouring gold into moulded sheets meenakari is performed on a lac stick to make engraved designs on gold using steel and make designs of flowers, leaves and fishes polishing the final piece by polishing motorHope you have liked this post ! Thanks for reading the post !
Today is the era of information technology. Without the IT support, no industry like - banking, public institutions, manufacturing, retailers can not survive in today’s competitive scenario. The today’s success secret is information in an organization. Even today’s organizations can survive for the days only without using the proper information technology support because this is not easy to calculate the thousands of customer bills at a time. The information gathering is not only an issue but to retrieve it easily and storing it with the proper security parameters is a separate task as well. There are different levels of ERP software working in an organization - OTC ( order the cash ) - In it the erp system receives information about invoicing, customer bills, receiving payments details also. PTP ( purchase to pay ) - The ERP system receives the information about purchasing invoices about vendors, paying details etc. RTR ( record to report ) - In it the transactions are processed and later on they are reported in the ledgers. COGS (cost of goods sold) - In it the overall cost of transaction and overall profitability is calculated. Hope you liked the post ! Thanks for reading the post ! by - https://indian-crafts11.onepage.website/
The Indian textile industry is involved as the most significant industry in Indian Economics. Indian textile industry is considered important from the both point of views - handwoven mills and handloom sector of textiles. India is the second largest mill of textiles and its capacity is more than 8 lakh rotators. The Government is doing more efforts for the export promotion in the handicraft industry like - Government is implementing the employee provident fund in which 3.5% contribution will be done by the employer for the new workmen in the mill. It will be applicable to on the workmen whose monthly income is less than 15000. For the seasonal textile industry, the newly fixed garment sector will be opened for craftsmen and the new employment and wage rates will be implemented by the Government. Additional incentives will be implemented, and the 15-20% employment rate is determined to welcome to all the newcomers in the handicraft and textile sector. Government also organizes the handicraft and textile events at yearly basis. Like in 2017, the handicraft fair was organized in Gandhinagar of Gujarat to showcase the India’s incredible handicraft and textile series. The event was a huge success in which more than the representatives of 100 big world companies participated. There is an MSP determined for the cotton industry which is a basic raw material for the handicrafts and India is the top cotton producer in the world which is a boon for the textile industry of India.Hope you have liked this post ! Thanks for reading the post !