The NEXT BIG LEAP
IT IS EMPOWERING SMBs TO SCALE NEW HEIGHTS
In an extremely competitive environment, Indian SMBs are leveraging technology extensively to improve their operational efficiencies and competitiveness. Not surprisingly, market research firm, Zinnov, estimates that IT adoption in the SMB segment is growing at 15 percent and is expected to reach USD 15 billion by 2015.
With global aspirations, Indian SMBs are actively taking the help of IT to put in the right processes and systems in place, so that they can scale quickly. Keeping this objective in mind, many Indian companies are implementing ERP.
A case in point is Avon Cycles, India’s largest bicycle exporter. As the firm started growing, it realized the importance of integrating different business processes and systems and information sharing. Accordingly, the firm chose an ERP solution from SAP to introduce an integrated information system to capture all the key processes. Today, the firm’s procurement-tocash cycle costs have reduced due to greater sensitivity to demand and supply. Similarly, the firm’s inventory and operating costs have decreased using monitoring tools. Avon Cycles’ Managing Director, Onkar Singh Pahwa, believes that the solution has increased operational visibility, led to major efficiencies and provided a flexible platform for growth.
Similarly, Heubach India, uses a pre-configured version of SAP ERP that has been created for chemical manufacturers. The solution has helped improve monitoring and control over key processes such as purchasing, sales, production, inventory control, supply chain management, and financials.