Revolutionised by the Spanish football team Barcelona, tiki-taka is a style of play in football. It involves short passes and movement, working the ball through various channels and maintaining possession. This system proved to be extremely effective. Technology has had a similar impact on business. Rather than just shooting at the goal, the players keeping passing the ball until they find the correct time before taking the shot. Similarly, technology impacts the consumers in every little aspect of their lives, touching key points until it reaches that ultimate goal. This is what has made business unstoppable. The bar has been raised. There is no limit to the heights which a business can reach. Take Uber for instance. Garret Kamp, the co-founder of Uber was working on an app to solve the problem of transportation within the city. He was soon joined by Travis Kalanick, the current CEO of Uber. The main idea was to figure out a solution to finding cars at the right place at the right time. In 2010, Uber was already rolling a couple of black cars in New York simply to test the service. Soon San Francisco joined and then the rest. The idea exploded. Uber is now the leading transport service provider in the world. Valued at $61 billion, the company is seen as the next hundred billion dollar company. All this is the work of technology. With the Uber app, lives of people were touched. They satisfied the safety need, provided assurance of service in the form of a well maintained car. The company then worked itself through various channels and reach out to the world. Using various marketing techniques, it made itself indispensible and finally achieved its goal of being the top dog in the industry.

We fail to realise the simplicity of technology. People usually perceive it to be complex, something which is beyond their understanding. What technology does is satisfy the simplest of human wants. We want to connect with people, there is Facebook. We want to move around the city, there is Uber. We want to obtain information, there is Google. Slowly and steadily technology has worked its way through various channels, through slow movements into our lives and has made its position supreme.

Contributor: Sidhanth

Is ERP Worth It?

Is ERP Worth It?

Implementing an ERP system tends to be a complex and costly process which leads many to wonder – is ERP worth it and will it really help?

Enterprise Resource Planning, commonly abbreviated as ERP, refers to a business management system that is comprised of various integrated software modules that help to manage and integrate the business functions in an organisation.

Since the late 1980s large companies such as IBM and Microsoft recognised the need of implementing an ERP system to ensure the smooth flow of data and information in face of the ever growing and complex business and technological environment. In order to make the best decision in a timely manner, businesses require efficient inter-organisational data flow.

Take for example Nestle USA. In 1997, the company decided to roll out an ERP system to integrate its various business operations in the country. The implementation would take 6 years, with a budget of approximately $ 200 million. While this may seem like an exorbitant amount, by 2002 the company reported savings of $ 325 million, increased integration within different regions, reduced training costs for employees, and more accurate demand forecasting among various other benefits. In terms of monetary investment alone, the move certainly panned out well. These benefits combined led to greater efficiency, competitiveness and an overall organisational ‘culture of continuous improvement’. Several other companies also share similar stories.

Greater integration and transparency within a company lead to increased productivity, better decision making, reduced operating costs and improved internal communication. Even the customers reap the benefits of successful enterprise integration – increased customer service, satisfaction and order fulfilment are one of the many benefits reported.

Not all businesses are capable, or even suitable for implementing a complex and costly ERP system; however, with the introduction of many out-of-the-box ERP soft wares that are very reasonably priced even small enterprises can reap the benefits of this system. It is apparent that in order to stay competitive in the market, greater efficiency provided by ERP systems and soft wares is necessary.

To be competitive, to be relevant, to be efficient – ERP is essential.

Contributor : Vidushi