Category Archives: Technology

Technology

Top Merits of Integrated Software System

If you want your business to grow at a rapid rate, your business application software needs to be integrated within a single business process and database. The merits of using an integrated software system are varied, including improvement in business productivity and high-cost savings. Check out some of the top merits of an integrated software system.

Any business user can innovate

Since the implementation of process change is very rapid, the business users can easily apply their individual functional expertise for customizing applications and processes in such a manner that there is an improvement in performances. On the other hand, IT is free to concentrate on crucial initiatives, which can add tremendous value to the business’ bottom line by creating value-added and innovative solutions.

Super fast growth

When a business deploys an integrated software solution, the speed with which business expansion can take place across multiple sites and extra sales channels are very fast. That is because there is a unification of accounting and order management data and processes. Both upselling and cross-selling can be done more efficiently by the companies to the existing client base since they get improved visibility.

Significant savings in cost and IT time

Since there will be no need for the IT to get, install, procure and maintain various systems and their integration, the operation cost comes down drastically as IT can now spend more time to improve the existing business operations.

Increase of process efficiency throughout the organization

An organization has many key business processes that one may come across in daily operations like financial consolidation, expense approval, cash collections, invoicing, fulfillment and order management among others. When such processes are automated, you need not spend your resources for new hires, which would have otherwise been needed for managing that process. Rather, the existing staff can be redeployed to more important and high-value activities for helping your business to grow and innovate.

Visibility gets improved dramatically

If the top management wants to make well-informed and timely decisions, real-time visibility is quite crucial. If there is an instant accessibility of information from practically anywhere and there is no wastage of resources while tying and extracting data from various data sources together, it becomes easier for the employees to make faster, more accurate and better-informed decisions.

Conclusion

At present, integrated software solutions and enterprise resource planning for business is changing the way organizations run and also help them to minimize growing pains.

What is Supply Chain Management

Supply chain management is a process to achieve operational efficiency in supply chain. It is active management of the supply chain to achieve maximum customer value and achieve a competitive advantage. It is also a conscious effort on part of the supply chain department (or supply chain company) to develop/run its supply chain in the most efficient and effective way.

Supply chain covers everything from sourcing, logistics, production, to the information systems that coordinate these activities.

Two streams of thought in supply chain management

According to SAP partners in Singapore , supply chain management is based on two ideas. First of all, every product that reaches a consumer is a cumulative effort of many organizations. Together, they are called the supply chain.

The second idea is, even though supply chains have been in existence for a long time, most companies tended to ignore it and they focus on what happens inside their four walls. Only some companies understand and even less companies are managing their supply chain. The result is an ineffective and disjointed supply chain.

On the other hand, supply chain management has many advantages. It can have an exponential and significant effect on your business. Here are three advantages of supply chain management.

Advantages of supply chain management

Provides a boost to customer service- Supply chain management can help you improve your customer service by ensuring that the right product or product assortment in the right quantity reaches the customer in time. It can also ensure that the product is available where the customer expects it. It will also help you provide better after-sale support.

Assists bottom line- Companies who have adopted supply chain management have reported a tremendous improvement in their bottom line. Supply chain managers are a valued lot because they help companies decrease the usage of fixed assets such as warehouses, transportation vehicles and plants. Supply chain management also increases cash flow because by expediting product deliveries, you also receive profits quickly.

Streamlines supply chain- Supply chain management can streamline everything- whether it is day to day product delivery or an unexpected natural disaster. By utilizing SCM tools and techniques, you can gain the ability to diagnose problems, reduce disruptions and even determine how to move products efficiently in crisis situations.

SCM products from SAP can help you optimize and accelerate your end to end supply chain process. It not only enables you to integrate processes but also helps you enforce compliance for supplier-side and supply-side requirements.