Disadvantages of ERP Software

[ad_1]

ERP software is very very essential to handle modern businesses. ERP refers to the tools and software that businesses can use to manage and process information from all parts of the company. ERP solutions make it easier to track the workflow across various departments, store information in one database and give businesses a simplified look at how all their systems are running. Although ERP is like a nervous system for a business it has some disadvantages too.

Disadvantages of ERP Software

1. Expensive

The cost of ERP Software, integration, customization, planning, testing, implementation, training, consultants, configuration, data analysis and conversion, etc. It is too high. It is very expensive to purchase and even more so to customize. Very few companies can afford the cost and effectively use ERP right out of the box. Modification is must to suit their needs, and this process is both tedious and expensive. There may be additional indirect costs due to ERP implementation – like upgrading the WAN links, new IT infrastructure etc.

2. Time Consuming

ERP deployments are highly time-consuming – projects may take 1-3 years or more to get completed and fully functional. The present business processes have to be rethought to make them synchronize with the ERP and this processing kills a lot of time. It involves an ongoing, sometimes never ending process for implementation.

3. Impact on business processes

ERP systems very often demand changes to business process, which is complicated to implement. In order to assure that each part of the business fits into the ERP structure, it is unlikely that individual policies and processes can be maintained. Too little customization may not integrate the ERP system with the business process & too much customization may slow down the project and make it difficult to upgrade.

4. Lack of flexibility and adaptability

The ERP software can work well for established businesses that have defined practices and processes, but an ERP can be very inflexible for businesses that are looking to significantly change what it is that they do. They are unable to adapt to the new things even relatively small changes can be complicated to implement and very costly. Dynamic businesses, constantly looking to make changes in direction would not feel the same benefit from an ERP

5. Lack of Security

Integrating an ERP system with other software might need the software to be modified. As a result of integration, data leaks and security breaches might appear. The impact of such data leaks can be disastrous for business.

6. Hard to Customize

ERP systems are not very customizable. Its customization involves a lot of resources, money and time. Few systems are ready to use out-of-the-box. Some systems also require other software programs, an unavoidable fact that might make the processes more complicated, unmanageable and sometimes even impossible in some cases.

7. Issues of ongoing support

ERP systems are very often supported by third-party vendors. Once an ERP system is implemented it becomes a single vendor lock-in for further customization, upgrades, etc. Companies have to depend on a single vendor and may not be able to negotiate effectively for their services. Security of data held within the ERP can also be a concern where third-party vendors are concerned and many businesses utilizing an ERP feel 'at the mercy' of the vendor with no real control over the availability and stability of the system.

8. Effectiveness can be eroded by the business

Effective An ERP Relies on the right business processes to Maintain and support the architecture the Where Businesses workTel in a very ring-fenced manner, an ERP system will not Realize its Potential or full. Businesses that do not invest in the appropriate training of staff members will not see the benefits of the implementation. The architecture is dependent on a very integrated business model and failure to share data between departments will limit effective working. In order to get full benefit from an ERP system, a business must be prepared to work in a certain way.

In sum, Enterprise resource planning systems have a mixed reputation on the market. Some businesses have consumed strong benefits from the implementation systems, whereas others feel that the results is not justified for the initial investment. This is time consuming and cost effective system development and one that should be carefully considered.

[ad_2]

Source by Fakharuddin Manik

Software Review: Order Flow Software by Tradetheeminis

[ad_1]

A number of order flow programs have come to the e-mini trading market in recent months and I have been able to look at quite a few of the offerings. Some of the programs are fairly easy to use, while others require some basic knowledge of auction theory and order flow. To be sure, they all work to some degree; the trick is how readily they are able to transmit meaningful information into trading decisions. Order Flow Software by tradetheeminis was a standout in my e-mini trading experience.

Tradetheeminis's offering provides a wide array of customization options that allow the trader to look at each bar in many different ways. The set of indicators present the e-mini trader with the option of viewing each bar in terms of volume, delta, bid / ask (all in price ladder form) and many other intriguing options which I will try. Early in my trading career I traded for a smaller-sized prop trading firm and learned to read price action in bid / ask manner, which requires you to look at the bid on left side of each individual volume ladder and the ask on the next higher tick, in a diagonal manner and the exact opposite depending on whether the market is moving up or down. Since the program is designed for use with NinjaTrader, this format should be familiar to most traders accustomed trading on a DOM. Like most DOMs, the active auction point is highlighted so the average trader can determine whether the price action is on the bid or ask side. Finally, as each bar is completed the price with the highest volume is highlighted. It takes some experience to interpret the context and meaning of the place in each individual bar where the highest volume falls. (Ie-the top of the bar, mid bar, or at the bottom of the bar) and reading the high volume in successive bars. Some rudimentary familiarization of auction theory and its application would be helpful in interpreting this part of the indicator.

The program offers an order flow indicator that I use in line form that gives the e-mini trader look at whether orders are being executed of the bid or ask side. Obviously, the greater the distance between the bid / ask lines the heavier the order flow in each respective direction. This portion of the program runs in its own panel below the individual bar volume or bid / ask ladders.

The running tally of orders are in a separate panel on the left, along with traditional horizontal buy / sell histogram so the average e-mini trader can see the price point where the heaviest volume has been executed and the points where there is little interest in either buying or selling. There is an additional Market Profile program if you should choose to add the features of that particular trading system to the mix. Market profile readings, in conjunction with volume ladders and individual intra-bar order flow gives the e-mini trader the tools that were the domain of professional traders until recently.

I liked the program well enough to purchase it and use it in conjunction with Sceeto (an order flow and tape reading program by algofutures) to give me the kind of trading view that few retail traders enjoy. Tradetheemini's offers a comprehensive manual and training via a trading room for those who may struggle initially with utilizing the program, a great feature. I give this set of trading tools a "thumbs up" as it is robust, accurate and user friendly.

Note: I have no financial interest in this software. I received no financial compensation for this review.

[ad_2]

Source by David S. Adams

What Does Software Engineering Involve?

[ad_1]

The first point that has to be made about software engineering has to do with its scope of activities. Software engineering is the management of the entire process of development of computer systems to solve problems.

As software systems have grown more sophisticated and complex, software developers have sought new methods for their development. Software engineering is a response to that need. Software engineering is still rapidly changing and maturing.

Typically, when someone is told to write a program, someone else has told him or her what the program is to do and why; the programmer is concerned only with how to write it. As software engineers, however, we will be the ones concerned with the what and why. Software engineering includes the whole range of activities having to do with problem solving – from helping the client define the problem or opportunity, to evaluating the client's satisfaction with the solution.

Developing a software system may require writing a whole collection of programs to tell machines what to do, writing procedures to tell people what to do, and providing training so that people understand how to do it. We may need to convert data from an old system so it can be run by a new system, hire people and acquire machines to run the programs, and obtain space in which the machines and people can do their work. What we are building is a system of many parts working together. Such an endeavor requires patience and flexibility. We will have to fix the system when it does not do what we expected, or the client may ask us to change the system because he or she wants it do something else not previously intended.

Programming may be no more than 20 per cent of the total scope of software engineering, and the fraction of effort involved with programming can be expected to drop as improved methods are used for developing software systems. As time goes on, more of our effort will go into managing the overall process and less into programming.

[ad_2]

Source by Edeh Chijioke

The Importance of Educational Software in Educational Institutes

[ad_1]

Internet has expanded its dimensions like anything. The incredible expansion of the web world along with its easy and affordability of integrated technology have come together to create a new learning methodology of Educational Software. Nowadays, the task of carrying out educational projects and disseminating education is not at all futuristic or alien. This have not only become an important part of the educational setup but also of the business world. The facility to link with the internet in a reasonably priced and competent manner was the basic reason for this tremendous growth of this. Nowadays, education software available in comprehensive package forms for colleges, schools, Universities and even home use.

With time, educational institutions have become more diverse and therefore they can not risk being simple temples of education. There are vast varieties of activities in educational institutes like admissions, curriculum management, library management, placements, hostel management, finance management and a number of other requirements. It is in view of these burgeoning requirements of schools and higher educational institutions that Educational Software have become popular nowadays. This software can address all the requirements of an educational institute starting from student curriculum management to school bus tracking system to Biometric Attendance System to Student Information System to Library Automation Systems.

Education Software is nowadays constituents of a school's identity as they are capable of delivering all the associated tasks. Present day software even provides the facility and access to parents to keep a bird's view of their kid's progress in the classroom. The Student Information System enables parents to monitor the curriculum of their children and receive feedbacks from the teachers. Intelligent Library Management System allows easy access to library records.

Another aspect of education software is their Bus Tracking System that ensures the safety of students. It is a path breaking integration into this software. Nowadays, they have become quite affordable integrating advanced GPS applications into the software. They are effective tools for the school management as well as the parents, who want to know whether their students or kids are safe while travelling from school to home and vice versa.

The curriculum management component of this is capable giving an interactive learning experience to students. Nowadays, most of the education software is capable of developing to the next level as and when students grow in their knowledge. Online tests and evaluations have become important tools used by such software in order to test the level of students. It can even take the form of a game in order to stimulate the mind of children giving them real demonstrations of subject matter. Educational Software can now be found for students of all ages and for all subjects.

[ad_2]

Source by Syed Abdul Samad

The Theory and Math Behind CAD CAM Software – Why You Need to Understand Both

[ad_1]

Not long ago, I was talking to a college student who was studying physics. She was lamenting about how difficult it was for her to keep up with the Asian students in her classes at UCLA. We talked about how the tests were set up, how the math was taught and I showed her some engineering drawings I'd produced and explained to her why physics was so important and why it was so important to understand the concepts prior to setting up the mathematical equations and understanding exactly what the problem really was, so that the answers garnered were not only correct but also answers which were relevant. Okay so, let's talk shall we?

Our conversation progressed towards digital design and CAD CAM software, along with aerospace innovations. I discussed some of the challenges with the software, and things which were not known, or the software was not configured for. Nevertheless a good mathematician with a decent understanding of physics could solve the problem in longhand given enough time without ever using the CAD CAM software. Although the equations would become longer and longer as you increase the number of parameters, it is still possible – just knowing this fact, and understanding how it all works helps one to think outside the box without plugging every single component or new prototype design into the CAD CAM software formula.

While it is true that the more you use such design software the better you get, and the things you inherently know before you plug in a new design or change a parameter, this does not negate the fact that by knowing the mathematical formulas and relationships involved that you can complete large amounts of work prior to the posting of any particular design into the software. The great thing about this software is you can make changes as you go, but you are much better off if you understand the math, the formulas, and what the software is doing. That is worth more than good grades in mathematics, engineering, or physics class.

Unfortunately, I think a good number of students never learn these things properly and much of their success in designing is hit or miss. Sure, they might build something that looks statistically correct, or very pretty on the innovation spectrum, but in engineering, it's only good if it will work. This is why I believe you should work hard to study and understand the mathematics of how all of this great technology works, and if need be, be able to solve the problem building your own equations without the software. Please consider all this and think on it.

[ad_2]

Source by Lance Winslow

The Advantages of Working With a Software Boutique Company

[ad_1]

First of all, a boutique is a small shop where clients can find dedicated merchandise and unique items, or products which are produced in small quantities. The advantage of entering in such a shop, compared to big supermarkets, is that here you'll also find staff ready to assist you and to give you guidance step by step. Indeed, one may say that a boutique charges higher prices, also in comparison to chain stores, which is definitely true. However, once you bought something from a boutique you'll have the feeling that you own a unique item, which will differentiate you from the rest, and is not this what we all want – to be unique?

Software boutiques are a new way of defining petite software companies which are focused on a certain niche, and which are able to offer specialized support to their customers. Even more, such a firm is able to offer a unique product, tailored on the client's needs and requirements. But, let's see what advantages does a customer have when collaborating with a software boutique company:

Tailored product
A software boutique takes the client's specifications and transforms them into a customized piece of software. Practically, if you are not satisfied by the mass-produced software programs which you can find, then a boutique company will tailor a product according to each and everyone of your requirements. The outcome will be a software product which is able to fit perfectly your company's needs.

Niche focus
Generally, a boutique company is focused on a certain niche, for example developing applications and software products using Microsoft technologies. The advantage of having such a partner, is that you'll have the confidence that he has the knowledge and proven experience to offer you the best advices regarding that specific area, and that he's always updated with the latest technologies.

Crystal clear communication and dedicated support
Having a smaller amount of projects, a boutique software company can offer its clients dedicated support, according to every client's need through a direct communication flow. This means that the information will not need to travel through several departments until it reaches you, so that you'll always be updated with the status and the quality of the work.

A good communication, not only that can save time, but also can make the development process more efficient. For example if you want a specific functionality for your application, collaborating with a boutique firm, you'll able to keep track of the development process and promptly interfere in the development process if the work is not going in the desired direction, or if you want to change the approach. Also, fewer the clients, better the support. Practically, a software boutique will offer you their entire attention and expertise, whenever this is required.

Every client is important
For a boutique company every client is important, and because they can not afford to lose a client, they can not really afford to do a bad job. Every development project is treated with care, and you'll know for sure that your project will be handled by the best men.

[ad_2]

Source by Brad Larson

Software Testing and Quality Assurance – The Ultimate Necessity of Modern Day Business Applications

[ad_1]

Advanced web application and software comprise an efficient bi-product of the continuously evolving technology innovations. A bulk of credit for the effective functioning of these modern day applications should go to rigorous software testing and quality assurance. Taking this fact seriously, businesses in today's competitive world prefer conducting software testing to ensure that their application is capable of meeting the business requirement. Every time I come across any crucial software program, my sole intent to conduct testing and quality assurance is to find software bugs. Both the processes combine together to ensure a perfect software program.

Importance of software testing

Software testing is an inevitable part of the software development life cycle. This is the reason that certain branded companies as well as SMBs prefer having dedicated in-house or outsourced resources for testing software at their end. As an experienced software tester, I believe that it essentially validates and verifies the application to work according to your specific expectations. At the same time, apt testing measures ensure that the software meets the intended purpose flawlessly. In my point of view, five major reasons necessitate the essential requirement of software testing and quality assurance, these include:

  • To ascertain that the software does everything according to your specified intentions.
  • To ensure that the software works efficiently for hundreds of users and not only for one person.
  • To ensure regression testing for instantly catching the problems before they reach to the users.
  • To ensure that the software operates appropriately on all types of operating systems and browsers.
  • To ensure uninterrupted and superior quality of experience for the end users.

Different aspects of software testing

While performing software testing, I broadly divide it into different segments, which is in fact the right way of testing an application. Different steps hence include:

  • Static testing: Static testing takes place during the process of verification that involves reviewing of documents.
  • Dynamic testing: The next segment is dynamic testing, which takes place during the process of validation to demonstrate the running test results effectively.
  • Planning: The planning process essentially involves control of test activities, reporting the test progress, and software status.
  • Preparation: This includes adhering to the ideal way of selecting the test cases and conditions for effective conduction of the test.
  • Evaluation: Finally, the evaluation process unveils the successful passing of the software through the entire testing process.

Importance of quality assurance

Software quality assurance is yet another crucial part of effective software development. It particularly encompasses those activities that ensure superior quality of the software products. As a software tester, it is our responsibility to ensure the quality of the software. It comprises three distinctive activities such as the definition of the process and its implementation, auditing, and training. To brush my software testing skills to the hilt, I have undergone specified training. It helps me define different types of processes and their implementation, which include:

  • Methodology of software development
  • Project management
  • Management of requirements
  • Configuration management
  • Software designing
  • Estimation
  • Testing

However, our responsibility does not end here. As a software tester, it is our duty to identify and rectify the weaknesses existing in the defined process.

[ad_2]

Source by Luke Harper

The Advantages of Having Personal Productivity Software

[ad_1]

Personal productivity software is an application that no business should be without. This is because of the simple fact that this piece of software makes a great contribution when it comes to ensuring productivity in the workplace. But if you are not too convinced about the importance of purchasing personal productivity software just yet, well, this is actually normal. A lot of business men do become wary when presented with the notion of purchasing such software because computer software is a bit pricey in the market right now. However, when presented with the many benefits businesses enjoy with these software applications, the activity of convincing businessmen becomes very, very easy to do.

So, why exactly do you need personal productivity software in running your business? First of all, this piece of software can give any type and size business the professional touch it needs. The software comes with applications and programs that make it very easy for you to produce professional looking letterheads, marketing reports, brochures, mailing campaigns, and the like. Even the simple act of developing professional looking paychecks is easily done with the use of such software as well. And this is just one of the minor benefits that come with such software!

When you get the basic package, you actually get a word processor, a spreadsheet application, presentation software, and the like. For a more cost-efficient option, you could consider getting one of those suites that contain a number of these tools. This way, you are sure to get more value for your money. Some examples of these suites include Microsoft Office, Sun Staroffice 8, Microsoft Works, or Corel WordPerfect Office. An interesting fact about Microsoft Works is that it actually comes free with personal computers. Aside from these suites, you can also choose to get supplementary software packages that can make your whole life easier.

One of the popular software packages includes QuickBooks. This choice is popular because it is known to be very efficient in handling and managing inventory and business finances, such as payroll and benefits packages. Now, with all these abilities, you have to be sure to allot a hefty budget for your suite of tool and the additional applications and programs you would be getting. The typical price for suites and the individual applications range from a hundred to five hundred dollars. So, if your PC is meant for more than just doing the regular email and the basics on word processing, then you should consider this option thoroughly.

You may also be worried about the hidden and recurring fees that might come with having personal productivity software installed in your system. Yes, they do come with long term costs, but these are just minimal when you compare them to the benefits you would come to enjoy with the software. An upgrade would occasionally be needed, especially after a few years or so with your own application suite. Plus, your business should be growing in a few years, right? Thus, it would make much sense to avail of this upgrade, to foster improvement for your company in the business setting. Do not worry too much about upgrade expenses because they would definitely be lower than that of the original purchase.

[ad_2]

Source by Sam Miller

Application Software in Business Activities

[ad_1]

Business is any activity undertaken by an individual or a group of person with an intention to make profits. A business engages in various activities like planning of resource, scheduling of activities, coordinating and other managerial activities. All these have to be completed in time in order to generate maximum profit in the production. Prospective entrepreneurs should adhere to these objectives.

Much of business time is put waste when it handles its tasks through the use manual system. This necessitates to the use of the software, an automated means which is efficient-oriented. Examples of the software in business application include the Decision Support System, Transaction Processing system and Management Information System. They can be largely used in resource planning where an enterprise defines way to achievement.

Collaborative resource planning software provides the business people with adequate and reliable information. Marketing information and bureaucracy of the enterprise is unambiguous. Previous methods that contributed to the failures can be fully noted. This enables the enterprise to opt to use other successful means in use elsewhere. An efficient resource planning software helps you to generate and retrieve information about resource allocation in form of detailed niche reports. As a result, time as a resource is much conserved and can be used in other productive areas.

Boundaries are clearing defined by the software. The business is expected to work towards the laid limits by the legal authority, operational, technical, economic and social feasibility. Beyond the predetermined extents, no productive operation can be encountered.

Scheduling of activities is best in practice via use of the software. The order and the way in which operation is accurately developed by use of the program, this results into application of qualitative business techniques, where there is matching of skills and jobs to done. The enterprise standards of performance are maintained. Cases of underemployment or over employment are eradicated. In turn, employees' are encouraged to exercise creativity and innovation in right of their propelling positions, and hence works towards achievement of objectives of the business.

Planning software makes efficient forecasting of resources. Unknown future is determined prior. Situations like inflation, competition increases government provision of subsidies and technological changes can be adequately known. The fallout is to relay strategies to deal with upcoming challenging matters.

Top echelons (management) benefits significantly in software application. Executives' unstructured decisions are accurately established. They rapidly derive information from the software. For example, decisions on where to establish a new firm or a branch, whether there is funds to finance multiple projects.

Management need to store information in reliable source (in software). This is used for swift evaluation of business performance. They can decide to reward the best performing employees based on the results retrieved from the software. This motivates employees to work zeal and confidence. Their individuals objectives are harmonized to entire business objectives.

Managers use software to control the progress of activities. Those deviating from the predetermined plans can be precisely noted. Management can also rely on software for marketing of its products. Research on business competition like advertisement and efficient market penetration means is done in detail.

In conclusion, software suitable for effective planning of the business operations, scheduling of activities and other managerial activities. Without use of software, a business is considered to be running behind technology and operating at obsolete level.

[ad_2]

Source by David Hog

Training Tracking Software Is Becoming the Need of the Hour

[ad_1]

Training tracking software applications have gained popularity in the recent years, and have led to organizations thinking about polishing their employee skills through an effective process that will assure a trained workforce in every aspect of the business.

Such software can be implemented by organizations to ensure that their new and existing employees are well aware of the organization's policies and procedures, as well as the training requirements before they are officially settled in the organization.

The software is a complete online learning system that will consist of the employee's personal information, the modules needed to complete training, and a progress ladder to show how the employee is performing in his / her training sessions or at the job. The tracking software is also designed as a database that will act as a medium between the managerial level and the employees to supply them with online training guidelines, handouts, scenario based videos and other images to help them understand their work environment better.

Whether the need of the hour is unique and smarter products or exceptional customer service, competitive edge is becoming increasingly important for every business with the rising competition. Where products and services can not be amended or shut down on a short notice whenever competition grows fierce, companies can improve their employee performance through effective training practices to tackle the challenges of rising costs.

With trained employees in every department of the company, the managers / directors can ensure the smooth running of their company without having to worry about employees not being aware of what job to do, what targets to reach, what guidelines to follow etc.

A tracking software application helps companies fulfill the requirements of various governmental regulations that call for educated and skilled employees. With such software, companies can assign, organize and track every minor event occurring in an employee-training program. They can also review cumulative performance through employee reports that can be generated through a click. Such online learning and training management software can be used in any commercial setting like corporations, hospitals, universities, municipalities and smaller organizations.

To sum up the benefits of a training tracking software, it:

· Allows easy access to staff progress and other information

· Is an integrated software that helps enroll students, schedule courses and assign tests

· Records employee data like attendance, test scores etc.

· Helps create and execute customized training programs

· Helps track training progress, certifications, licensures and qualifications

· Provides custom filtering and a plethora of reporting options

Training tracking software in the e-learning industry has helped businesses keep a keen eye out for learning and capable individuals to flourish in a corporate setting.

[ad_2]

Source by Sarah Morgan