Sign in using your existing SSF account

 
 
 

Enterprise-level IT spawns many efficiencies


Enterprise-level IT spawns many efficiencies

August 15, 2016

A study of 4,500 CRISIL-rated micro and small enterprises(MSEs) shows that just four per cent of them have deployed business process management systems such as enterprise resource planning (ERP) to generate better profitability and inventory management. Most of them limit their operations to basic computer-based management information systems or use simple software.

Enterprises having a business process management system improved their operating margin by 200 basis points because of better inventory control. Their inventories on average were 12 per cent lower than enterprises with little investment in holistic IT systems, thereby releasing additional capital for effective deployment towards other functional areas.

Sectors such as IT/ITeS, auto engineering, electrical components and chemicals manufacturing have implemented such business process management systems while traditional ones such as rice milling, trading, construction and real estate development are laggards. There is also regional disparity – companies in west and south India fare better than their northern and eastern counterparts.

The analysis also shows that enterprises nearing annual net sales of Rs 5 crore are increasingly beginning to invest in implementing business process management systems for better management of internal processes.

Source: Business Standard

Videos View All

Shared Services Forum, India, felicitates Rahul Singh (President – Financial Services Division, HCL Technologies) with the PIONEERING BUSINESS ACHIEVER Award

Rahul Singh (President- Financial Services Division, HCL Technologies), made a presentation on GLOBAL INDIA – RIDING THE DIGITAL WAVE

Presentation View All

Rebooting Business Process Strategy To Outcompete by Rakesh Sinha, Co-Founder, SSF and Business Leader, RvaluE Group

Transforming Big data to Actionable Insights – Building Sustainable Differentiation by Dr. Sukanyya Misra, SVP, Mastercard Advisors

Schedule an appointment Click Here

Ask An Expert Click Here

Case Study View All

ONGC embarked upon realignment of its multi-faceted business activities through the powerful medium of IT. The IT mission was realigned ‘To develop an integrated, flexible and standardized Information Technology architecture to position ONGC towards fundamental competitive advantage’. To achieve this objective, Project ICE – Information Consolidation for Efficiency was born,out of the strategic vision of … Continue reading Project ICE @ Oil and Natural Gas Corporation Ltd

...

Key initiatives taken during BPM Implementation/ Automation: FileNet enabled, progressive payment life cycle reduction from 90 days to 53 days further reduced to 17 days in Jun’13 with >85% payment on time through VPOT (Vendor Payment on Time) program Fully automated in-house tool was developed for revenue reporting by integration of the billing systems with … Continue reading BPM Strategy at Airtel Centre of Excellence

...

  • Online Poll

  • Should a CPO's (Chief Processing Officer) KPI include sharing of procurement’s impact on the organization’s bottom line?

    View Results

    Loading ... Loading ...

  • Event Partners