Why is it needed? – Raj Global Mining ERP Solution
ERP model is needed in every mine and crusher plant industry because it is the most unorganized sector. The implementation of an Enterprise Resource Planning (ERP) model has emerged as a crucial need, primarily due to the inherent complexities and challenges present within this largely unorganized sector. As an industry that is often characterized by fragmented operations, fluctuating demand, and intricate supply chains, the absence of a cohesive management system can lead to various inefficiencies and operational bottlenecks.
Infrastructure Future For the Next 5 Years
The infrastructure sector in India is poised to grow at a CAGR of 8.2% by 2027. What is the CAGR “ CAGR stands for Compound Annual Growth Rate. It is a widely used measure of the mean annual growth rate of an investment over a specified time period longer than one year”. Next 5 years India’s infrastructure will increase and if we talk about it in percentage, the initial value will have grown by about 46.93%. In the infrastructure sector in India, the main sectors are coal, electricity, steel, and cement but our focus is the steel and cement sector so if we talk about cement the estimated overall percentage growth for cement production over the next five years would be approximately 40.56% for the 7.3% increase scenario and 54.35% for the 9.7% cumulative index increase scenario and in the steel industry, the estimated overall percentage growth in steel production in India over the next five years ranges from approximately 20.6% to 23%, based on the given growth range. So overall in the next 5 years, the infrastructure sector will grow by almost 47%.
ERP software achieves this by providing real-time monitoring, detecting anomalies, and initiating automated corrective actions. It optimizes resource allocation, identifies inefficiencies, and streamlines the entire process. With this technology in place, you not only eliminate water wastage but also reduce operational costs and increase productivity.
Streamlined Operations: ERP integrates various business processes, consolidating data and workflows into a unified system, which enhances efficiency and reduces the need for manual intervention.
Enhanced Data Visibility: By centralizing data, ERP provides a comprehensive view of business operations, enabling informed decision-making based on real-time information.
Improved Productivity: Automation of routine tasks and streamlined processes within an ERP system allow employees to focus on high-value activities, leading to increased productivity and reduced operational costs.
Better Reporting and Planning: ERP systems provide robust reporting tools and data analytics, enabling businesses to generate comprehensive reports and forecasts, which aid in strategic planning and decision-making.
Enhanced Customer Service: With access to comprehensive customer data and streamlined processes, ERP systems enable businesses to improve customer service, personalize interactions, and respond to customer inquiries promptly, fostering stronger customer relationships.
It will control its shrinkage, spoilage, privilege, misuse and theft. All planning will be managed timely. Inventory will minimize and manage timely and it will give you real time current data on one click.
