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In last few decades, Businesses have diversified themselves so much. From once a barter system to now crypto currencies in trend, Business has evolved leaps and bound. So has the approach of doing business. Business is no more a mere commerce between two enterprises but has become a science and subject of study. A lot of thought and research goes into developing a good business trait and efficient business processes. Business doesn't only mean a huge company with huge machinery and a grand infrastructure, with time and technology as a business can be as compact as a website or just a mobile application. However, the one thing that creates a business is its execution! For a business to bloom and flourish, it is extremely important that its processes are optimized and function smoothly. To add value to the business processes it is important to develop a strong understanding of the business processes. There are different methods and techniques to deal with a human resource intensive business and a different approach to enhance an automated process. Since the processes are different in nature, the optimization aim and methods are different too. Before using any technique it is thus essential to first understand the types of Business Processes your line of business falls in. The business processes typically are of three types: * Primary Process ( also termed as essential process) * Support process * Management process. Primary process: The primary process is the fundamental line of business of the enterprise. It deals closely with the core values of the business and the value chain. As the name suggests, a primary process is a basic process through which the enterprise delivers services/ products to its clients. Dealing this process is very crucial as this is the fundamental process as it directly affects the deliverables to the clients. These processes form an integral part of an organization and need to be paid close attention to. The aim in optimizing this process i

What is ERP for Automotive Industry? Automotive industry is highly competitive in today's pace for growth and development. And therefore, the need of perfect management system has become useful and beneficial. Being a developing nation, you will find numerous companies struggling to emerge with best productivity and results to their customers. This competitive industry has to be efficient enough that helps to redefine the nation's progress greatly by facing challenges positively. To achieve ladders of success faster along with proficiency, ERP is the only key to earn success more than expected. For automotive industry, an ERP requires high quality customer service, inventory, vendor, delivery management, marketing, etc. The result of combining these advantageous divisions will enhance the working style and overcome all the flaws with larger amounts of success. As ERP for manufacturing industry is extremely mandatory, the automotive industry also is benefitting progressively. How ERP functions for Automotive Industry: Automobile industry has daily targets to meet and challenges for the developing market where innovations and creativity is expected. Every business sets targets and focuses on providing exceptional services and tries to offer environment friendly products to the end users with cost reduction and progress to human life. Hence, ERP for automotive industry is proved beneficial and a tool with certain positive results. The effect of ERP on the Automotive Companies: ERP helps to enhance Tracking: For the automobile industry, the products are manufactured with great care and with innovations every time. Such innovations have to be recorded and kept track on and with the help of ERP this will bring quality and proficiency in the manufacturing processes. But along with the processing and operations, there is no expectancy for flaws and errors. To avoid such defects, ERP helps to keep closer look over all the executions. Support accessible to supplier

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The market remained strong in morning trade with the Sensex surging 281.73 points or 1.07 percent to 26528.52 and the Nifty climbing 84.10 points or 1.07 percent to 7926.80 supported by broadbased buying. Market expert Ambareesh Baliga sees 7,800-7,750 as good support level for the Nifty. In an interview with CNBC-TV18, he said Nifty is unlikely to go much beyond 8,000 levels. He remains positive on cyclicals and expects them to become more attractive post any market correction. According to Baliga, the next leg of market rally will be led by cyclicals. The broader markets outperformed benchmarks with the BSE Midcap and Smallcap indices rising 1.4 percent each. Advancing shares outnumbered declining ones by a ratio of 1544 to 380 on the Bombay Stock Exchange. The BSE Capital Goods, Realty, Metal, Banks, Healthcare, Power and Oil & Gas indices gained 1-1.7 percent. Hindalco and BHEL kept their top positions in the buying list, up 4.8 percent and 3.5 percent, respectively. Dr Reddy's Labs, Cipla, HDFC, Bank of Baroda, Ambuja Cements and PNB surged 2-2.6 percent. However, NTPC and Bajaj Auto were only losers in the Sensex 30 stocks.

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