Business Automation and Software Blog

A Step-by-Step Guide to Making Your New ERP Selection

Posted by Robert Baran on Wed, Apr 20, 2022 @ 11:00 AM

Three decades ago, a company would likely justify the expense of purchasing a new ERP system on whether it could improve the balance sheet. At that time, an integrated enterprise application gave a business a return on investment (ROI) by reducing inventory costs, boosting days sales outstanding (DSO), and increasing margins. Now, post-modern ERP solutions are both broader and more flexible. They can deliver ROI in multiple ways, directly and indirectly. 

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Topics: ERP Selection

Where Manufacturing CFOs Are Focusing in 2022

Posted by Robert Baran on Wed, Apr 06, 2022 @ 11:00 AM

The pandemic has forced businesses of all types to change their focus. Manufacturers and distributors are no exception. In a recent survey, CFOs and finance executives were asked how COVID-19 changed the way they do business. These finance leaders revealed they are shifting their priorities in 2022 to adjust to changing business needs. While top priorities varied heavily by industry in terms of actual ranking, US finance executives surveyed consistently identified the following 5 critical areas of focus for 2022:

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Topics: manufacturing CFO

Update Your Inventory Management Strategy for Changing Times

Posted by Robert Baran on Wed, Mar 16, 2022 @ 11:00 AM

Business owners and managers had been changing their approach to Inventory management toward a just-in-time approach. Then major supply chain disruptions started to occur over the last year. Supply chains are still showing signs of vulnerability, no matter which inventory management methodology is selected. Companies must be proactive in reassessing their practices to keep orders flowing in a predictable manner.

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Topics: Inventory Management

ERP Trends to Watch for in 2022

Posted by Robert Baran on Wed, Mar 02, 2022 @ 11:00 AM

If 2021 was a year of transition, we can expect this trend to continue into 2022. The global pandemic still stubbornly hangs on and there isn’t a clear end in sight. Organizations and industries must continue to adapt to fast-paced change and uncertainty in the market. To accomplish this goal, their digital transformation strategy must be able to keep pace.

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Topics: ERP trends

Visibility and Traceability Are Crucial to Manufacturing Quality Control

Posted by Robert Baran on Wed, Feb 16, 2022 @ 11:00 AM

Its no secret that manufacturers have experienced tremendous challenges during the COVID-19 pandemic. They have faced supply chain disruptions, issues attracting and keeping workers, and rising customer expectations. As 2022 starts, manufacturing quality control is a big issue. Success in this area involves visibility and traceability throughout the entire supply chain.

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Topics: manufacturing quality control

Manufacturers Can Trust an ERP for Accurate Inventory Forecasting

Posted by Robert Baran on Wed, Feb 02, 2022 @ 11:00 AM

The global coronavirus pandemic has forced manufacturers to make significant changes in the way they do business. Manufacturers will be forced to rely on technology more significantly for inventory forecasting. The companies they deal with as part of their supply chains will also be relying on digital connections in their interactions.

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Topics: inventory forecasting

Manufacturing Management: 3 Ways to Maintain Growth

Posted by Robert Baran on Wed, Jan 26, 2022 @ 11:00 AM

The effects of the worldwide pandemic shook the manufacturing industry in 2020. The supply chain experienced major disruptions leading to market volatility. Businesses were forced to adapt as a result. 2020 Syspro research found that over half of businesses were impacted by supply chain disruptions due to COVID-19. Manufacturing management became challenging, as companies could not operate at the efficiency as before the pandemic due to operational inefficiencies and the need for more remote collaboration.

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Topics: manufacturing management

6 Ways COVID Has Changed Supply Chain Management

Posted by Robert Baran on Wed, Jan 12, 2022 @ 11:00 AM

Businesses are used to managing known supply chain risks. Transportation and supplier issues are something they can predict will happen at some point and take steps to mitigate their impact. Other risks, such as a global pandemic or a natural disaster, are the type of low-probability, high-impact events that companies likely did not foresee. Many did not plan for them and don’t know how to manage their supply chains faced with the ongoing pandemic threat, natural disasters, and disruptions that have taken place globally. Supply chain management is more challenging than ever in the face of these events.

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Topics: supply chain management

Cleaning Data Is a Key Factor in Your Digital Transformation Strategy

Posted by Robert Baran on Wed, Dec 15, 2021 @ 11:00 AM

Digital transformation has become a “catch-all” term that has been used often recently. It looks different for each company. Briefly, digital transformation refers to the way digital technology is integrated into all parts of a business. Cleaning data is an important factor in ensuring the business operates efficiently, remains compliant, and continues to deliver value to its customers.

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Topics: digital transformation

4 Tips for Successful Procurement Management

Posted by Robert Baran on Wed, Dec 01, 2021 @ 11:00 AM

Procurement management is responsible for a significant portion of a company's bottom line. According to the Chartered Institute of Procurement & Supply, businesses can spend over two-thirds of their revenue on procurement. With so much riding on this division of the company, it is vital to get this part of your business right. The following tips are designed to help you create a procurement management solution that will help you get organized, increase efficiency, and improve relationships with your suppliers. 

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Topics: procurement management