Utilize the Time of Lockdown – Take it as a life time Opportunity

This is the time of Major Economic slowdown, when entire world is suffering through the pandemic Disease and no one is left unknown about this virus i.e. Corona Covid-19. This has been started in China and now this has spread over the entire world. The game play of this virus began in the month of October 2019 from China and now at this point of time there is no cure or solution to find escape from this deadly situation which exists around the globe except keeping ourselves locked at home. All the global economic base is getting a huge effect out of this situation and the source of income of businesses and interns and their respective employees are getting reduced. So, we should now start reducing our expenses and increase investments in the right direction in terms of money and time. what to do in lockdown at home

As per my point of view this is the time of opportunity for aspirant companies who all decided some or the other day to become big name by their best of the ideas, efforts and capabilities but due to huge competition given by large scale and well established companies they had faced humongous competition and failed in many folds. Now is the time of opportunity for big companies as well where they can best analyse there all of the business processes, in and outs, planning, strategies while working from home and can get results in listing out all the scope of improvements they could have in near future. what to do in lockdown at home

“Pause in regular ongoing routine business activities is good in sometimes as no one can eat food and focus on self-growth while being in the time of constant run and due to cut throat competition”

“Now is the time of opportunity for Family people as well, where we “Family People” never got time in history for spending quality time with each other”

My suggestion for start-ups and small businesses while fighting with this situation and while being at home during lockdown and following all government instructions. Start-ups should start working on process building, planning, strategizing, put more focus on marketing rather then sales, improve quality standards where they were lacking during normal service providing times or at the time when they were used to of delivering poor quality products, can do Process improvements in all of their respective departments, do lots of experiments and mistakes “Not saying to do mistakes on the cost of business stake”, Start exploring / educate yourself in technologies like Industrial Machines, Machine to Machine interactions, IOT, Artificial Intelligence, Open Source ERP Systems. I am suggesting this to all small and medium enterprise wide management people because if they focus on Planning, Strategizing and learning these things in this pandemic time they will be in much batter situation/position at the time when recovery of market/economy will start as this is not a permanent situation of the world. For doing these business-related activities at home you can find people on the Internet as they all are working from home wherein only a laptop and internet is required. what to do in lockdown at home

For large scale enterprises, my suggestion is to start doing business re-engineering, start revisiting all business processes for more optimization, start revisiting and reviewing all companywide departmental reports in terms of Quality, Production, projects, Resource plan and allocation, company cost centre, Profit and Loss, Technology ROIs and much more. By doing these activities with the help of Technology consultant or business consultant you can make a list of scope of improvements and get them documented as BRD (Business Requirement Document) which in future can also be used as Company bible. This BRD will consist of all Process flow diagrams at micro and macro level both of the respective departments. This financial year everything will move slow and if the economy is slow then keep in mind that this time is of education and increase information technology standards or at least do lots and lots of analysis as management people have all time left for analysis and nothing else to do.what to do in lockdown at home

For Family people and students my suggestion is to enjoy family time and try to create balance if lost between your “mind, body and soul”, Family members bonding, Metal and physical health, child education, husband wife quality time and so on. This will really help you to align mind body and soul which will ultimately be resulting in overall growth and sustainability. You can also consult with Apnakarma experts as we also do the same for our corporate meditation, yoga, Puja, satsang, marriage counselling, Astrology and so on. This is really the best time where you have time for overhauling of your entire family relationship, mental and physical health. what to do in lockdown at home

Scope of overall improvements at the time of Covid-19 Lockdown:

At Professional front –

• Business process re-engineering can provide multi-fold out of box prospective growth to your business.
• Enhancing the knowledge of latest technologies going on in the market can help you to get IOT, AI, ERP etc introduced in your business which in turn can take your business to the next level.
• Invest time in preparing a list of scope where you can improve your business workings and quality and if you prepare it with the help of ERP consultant then the outcome is strong BRD i.e. your entire company bible.
• Start talking with the consultants who all can still work for you from home itself.
• Avail free ERP one day training program, If you are management people https://www.apagen.com/odoo-training-program/ which is being held by Apagen every month during this time of Covid-19 Crises (100% Free for social cause)
• Explore a lot of Open Source ERP services that Apagen is providing at very nominal and reasonable rates and I will not forget to mention that this is the best time when you can do your high-level research on vendor evaluations who all can help with best quality and economical cost providing services.
• Start investing more in Marketing rather than in sales.

At Personal Front –

• Talk to the people who all can help you online for doing group Meditation, Pranayama and Yoga, this will be very good for family health.
• Do daily Havan with “Vaidic Yagya treatment” as preventive care.
• Do Daily “Puja for Business Growth” for “Family health and peace”.
• Listen online Satsang
• Try to learn astrology, Numerology and so on.
• Create and capture happy moments with your family.
• Contribute and increase coordination at home while managing your home without house mates or servants.

I am leaving one case study for your better time utilization with the end of this wright up, which will help you to enhance practical knowledge of ERP Implementation in one major manufacturing Company:

Sample Case study of manufacturing business while implementing Open Source ERP i.e. Odoo:

• A story of Odoo Implementation
  • Customer
    • 2nd largest OEM & Manufacturer for Modular Switches Producers in India
    • 4 globally competent manufacturing units across India
    • Providing complete turnkey solution for Electrical Wiring Accessories projects
    • Over 500+ Strong Vendors for raw material procurement
    • All leading brands are their Industrial Customers
  • Challenge: Procurement Management 
    • Vendor screening was inadequate
    • Price Evaluation
    • Uncontrolled Procurement
    • No flexibility in procurement Authorization
    • Stock Reordering prediction
    • No historical record of purchases and quotations
    • In-efficient communication with vendor for procurement amendments
    • In managing all purchase contracts and agreements
    • Maintaining compliances
    • No Intelligence to analyze price trends, vendor performance, healthy procurement – stock relationship, product quality, efficiency of procurement team and budget control etc.
    • No vendor portal
• Strategic Imperatives for Our Solution Implementation
  • Cost Control
    • Recording of product pricing and Quote analysis
    • Procurement restriction as per budget and stock levels
    • Maintain historical record of purchases and quotations
  • Vendor Quality
    • Real-time tracking and updates of all purchase rejections in quality check
    • Analyze vendor performance, healthy procurement – stock relationship, product quality, efficiency of procurement team and budget control etc.
  • System Intelligence
    • Flexibility in procurement Authorization – in terms of category, hierarchy, location, cost center and amount
    • Intelligence to analyze price trends, vendor performance, healthy procurement – stock relationship, product quality, efficiency of procurement team and budget control etc.
• Implementation Approach
  Our Leveraged its knowledge of domain processes and business environment to design the solution

• Quantified Benefits
  Audited & certified by internal audit team
• Optimize Procurement Efficiencies / Vendor Relationship
  • Rejection control is increased by 15%
  • Vendor selection time is reduced by 3%
  • Reduction of unwanted procurement Cost by 6%
  •  Increased Order Fill Rate by 4%
  • Higher Workforce Productivity by 17%
• Data Integrity
  • Reduction in Bad Debts by 7%
  • Reduction in Time to Market due to Timely MIS
  • Accuracy in management decision making is increased by 8%
  • Vendor portal increased the transparency between company and vendors