How inventory optimization can be done with IT/ Role of Technology in Inventory Management
Inventory has always been a cause for concern for most of the business. Whether you should always be prepared with stocks in your inventory but face the risk of stock deterioration or you just have enough stocks in your inventory to fulfill your orders(also called just-in-time delivery) but face the risk of total debacle in case of some unforeseen disaster like natural disasters, terrorist attack or a labor strike. So which one should you go for?
There is no exact answer to this question you can eith...
Read More
ERP
How Technology impacted Supply Chain
Supply chain management is a crucial term that emerged in business in the 21st century. The term was there way before the 21st century, the reason why it gained popularity recently is the advancement of technology that took place in the past 15-20 years. The term supply chain management is mostly attributed to large corporation, however, every business has a supply chain. Every business has suppliers, purchasing, production, distribution, and finally customers hence every business needs a reliable and robust supply chain that helps them in avoiding bottlenecks. This can be done by utilizing ...
Read More
How data analytics have changed professional cricket : Criclytics
Data analytics and Sports
Data analytics is being used by businesses to analyze data and for other purposes but the effect of data analytics can be seen on other platforms as well such as sports.Data analytics and sports are going hand-in-hand for some time now. Sports such as cricket and baseball use data analytics extensively. Data Analysis, when applied to a player, can record a player's information and suggest improvements, give a breakdown of the information in different formats, provide graphs and other useful analytic interfaces that will help compare the information and more. The anal...
Read More
Cloud ERP vs On-Premise ERP
Cloud ERP vs On Premise ERP
Selecting an ERP is a major decision for a business as choosing a wrong ERP can harm your business while if you choose the right one your business can flourish.
One of the most critical factors in your decision while choosing an ERP nowadays is weather to go with a Cloud ERP or an on-premise ERP.
On-premise ERP is in the market for ages while Cloud ERP is gaining more and more popularity with each passing day especially among small and mid-size businesses. So how can you compare Cloud ERP vs On Premise ERP and which ERP is for your business?
Factors to compa...
Read More
Why is it difficult to implement ERP in Small and Medium Enterprises?
ERP implementation issues
ERP helps in making a business better by ensuring that right information can be acquired by right person in right time easily but there can be various ERP implementation issues for the organization which can cause loss of time and effort for both the vendors and for the organization. To make the implementation process easier organization has to make sure that the ERP they are going for is right for their business. There are several factors that are needed to be taken into consideration before choosing an ERP. These factors are:-
Factors to be considered before going...
Read More
Transform your business through IT
In this digital era only hard work is not enough to be successful you have to do smart work as well. The most efficient way to increase your business efficiency is to get IT in your business and utilize IT to its full capability. There are various steps you need to take to transform your business in IT.
Steps to transform your business and maximize business efficiency through IT
1. Add value to your operations
Many businesses have lots of redundant tasks that can be easily automated with the help of IT. Use IT to save people’s time in doing these tasks. Utilize people time that is saved th...
Read More
Prepare a digital backbone for your business
Why to build a IT infrastructure for your business?
Making a digital business transformation is not an option but a necessity for businesses nowadays, many companies are responding to the changing market environment by making their process digital and adding roles with a digital focus or changing traditional roles to have a digital orientation but despite the proliferation of making business digital, most of the business still lacks a proper digital backbone for their business.
Is digital business transformation hard?
Contrary to popular belief getting digital is not a tough task but you w...
Read More
Digital edge: Keep business ahead from competition
Technology is advancing everyday now and with the advancement of technology way of doing business has also changed. IT in business has become one of the necessities, organizations have to adapt fast to do business in this digital age or they will get left behind. Customers today want a better response time, good quality , fast delivery and services, to match these expectations business owners need better integration among their cross functional activities.
Successful implementation of IT in business depends on 3 factors:-
Prepare digital back bone
Keeping data in a paper is of no use no...
Read More
Why ERP Implementations Fail?
There are many factors that determine the success and failure of ERP implementation. Failure of ERP implementation can be a result of improper planning, unclear objective or too much customization. The major reasons why ERP implementations fail are:
Reasons for why ERP implementations fail are:-
1. Lack of Management Participation
One of the major causes of ERP implementation failure is lack of management backing, ERP needs the active participation of people in the organization and until and unless management doesn’t make clear that ERP implementation is a priority there will alway...
Read More
ERP Implementation Methodology
What is ERP implementation methodology?
ERP can make a business more efficient than ever but many ERP implementation process fails due to improper ERP implementation methodology.
There's no denying the fact that ERP deployment is a major undertaking but it doesn’t need to be painful. With proper planning and execution implementing an ERP should be a smooth process. This planning and execution for successful ERP implementation is called ERP implementation methodology or ERP implementation lifecycle.
ERP Implementation Steps
For a successful ERP implementation various steps should be followe...
Read More
