In 2020, organizations have become much more aware that applications can run in the cloud. It is no longer taken for granted that all your business software has to run on a server in your offices. The argument against cloud software that goes “if it’s not on-premise then I don’t have control over it” has been invalidated by the emergence of huge companies that run all their applications in the cloud (think Amazon, General Electric, United Airlines). If the ERP system you use as the backbone of your business can be migrated to the cloud, what do you need to justify making that move?
Year: 2020
How the Modern CFO can Contribute to Software Selection and Use
In the past, the role of the CFO was about ensuring accounting and reporting of past activities and booking transactions appropriately so they could report on what had transpired in the last period (month, quarter, year). Today’s CFOs are more focused on shaping a robust strategic and financial future than on accounting for what happened yesterday.
4 Ways to Ensure your Quotation Process Leads to Profit Every Time
Ways to Ensure your Quotation Process Leads to Profit Every Time
To ensure a healthy bottom line for your Metal Fabrication and Industrial Machinery business, the quotation process must be carefully managed at each step as margins are thin. You can’t afford to have internal operational inefficiencies on top of external competitive challenges. This means critical processes such as quoting, which are tightly integrated with most aspects of your manufacturing business and reflect its overall efficiency, must be sound.
Software Decisions for Forward-Thinking CEOs
Reading Time: 6 minutes It’s easy to forget that until 2020 a CEO’s job was to look at long-term strategy, review current performance, and monitor the external environment. Now, as a result of COVID, CEOs are forced to change their frame of reference by getting involved in strategic decisions early and becoming more engaged in making major investment decisions. … Read more
What Leaders Need to Consider before Implementing ERP
This year, the pandemic has really emphasized and accentuated the need for companies to critically look at business operations. Technology has been an essential component of the process, aiding the mobilization of the remote workforce, and increased collaboration.
8 Positive Technology Trends to Come out of COVID-19
For decades the world has remained in a comfort zone. Business models have been largely ‘analog’ in nature – reliant on cash transactions, human contact, and centralized office spaces. As we enter the world of ‘digital’ brought on by the COVID-19 Pandemic, the adoption of new technologies will change the world as we know it.
5 Ways to Improve Procurement Performance
I apologize for using the cliché ‘new normal’ but we really do have to accept that the practices and expectations of procurement in the modern enterprise have changed and may never be the same again. As a result of the disruptions caused by COVID, procurement is no longer a clerical and transactional role but needs to step up to show how it can be an important channel in dealing with customers and suppliers.
Considerations and Barriers to Adoption of Smart Manufacturing
Smart manufacturing is enabled by digital transformation. Fully implemented, it optimizes the manufacturing process through technology, like IIoT, artificial intelligence (AI), machine learning, cloud and mobile, driving cost efficiencies through every phase of the process.
How Manufacturers Can Pivot from Response to Reconceptualization
Reading Time: 4 minutes Over the past few months, the impact of the pandemic has left many organizations with no choice but to scale back operations or shut down completely. Other organizations have been in the fortunate position to pivot and reinvent their business model to remain relevant for the present. The key to survival however lies in the … Read more
