Procurement thinking is a strategic approach to sourcing and procurement that focuses on the entire supply chain rather than just the purchasing process. With this approach businesses can transform their sourcing and procurement operations for greater value creation and innovation.
A better understanding of the differences between ‘Procurement’ and ‘Purchasing’ will make it clear that the two terms are not interchangeable. They are differences that any organization operating in today’s business climate needs to know.
The deadline for aged care organisations to submit their first Quarterly Financial Report is fast approaching, and, if your organisation has chosen to manually collect the required information from multiple departments and meet the stringent reporting and record keeping obligations, you potentially have as many as 4 weeks of work ahead of you. There is however, a silver lining. You will also be collecting a swathe of information that will help you build a business case for investing in business improvement measures, or an ERP system.
The aged care provider industry is experiencing a raft of changes across five distinct pillars – home care, residential aged care services and sustainability, residential aged care quality and safety, workforce, and governance. The reforms have the potential to be disruptive to your business, which may be disastrous in an increasingly competitive environment. Reviewing and upgrading your business management (ERP solution) may be the answer.
Reliability, accessibility, flexibility, and speed are all desirable performance outcomes that cloud computing technology can offer an organisation. So, if the performance benefits of cloud computing match the strategic direction of a business, and an ERP system is designed to integrate all business functions, why would some businesses steer clear of the cloud? This article seeks to debunk common misconceptions and myths of Cloud and highlight the positive attributes of Cloud ERP!
3D printing delivers a host of benefits to a manufacturer. The full extent of these can be realised with the right ERP system with seamless integration functionalities in place.
You know your business will benefit from a new ERP system, but, like most purchases in life, it’s time to talk about the price. So how much does a new ERP solution actually cost?
Outdated systems, manual tasks, and unreliable data can lead to devastating bottlenecks and customer dissatisfaction. So, if your business is suffering from head-spinning processes, nightmarish end-of-month reporting, and a hope-for-the-best attitude, now’s the time to capitalise on growth opportunities by adopting an ERP system.
Companies that lead in customer experience are three times more likely to significantly exceed their business goals. With the right ERP system, businesses can excel at customer relationship management while also reducing costs, decreasing wasted time, and experience exponential profit growth.
Business vulnerabilities exposed during the Pandemic accelerated the adoption of cloud computing and digital transformation as businesses sought the resilience, agility and flexibility required to respond to challenges and future-proof their operations.
By doing a deep dive into the root cause of a business problem, you’ll discover why an underlying cause is creating challenges for your business in the first place. Gaining clarity of a problem means businesses can strategically treat the cause rather than treating the symptom.
When fulfilling product orders, manufacturers world-wide are seeking to achieve the highest DIFOT ratio possible. An ERP built for manufacturers optimises the supply chain, curtails parts and materials shrinkage, provides full inventory visibility, manages equipment and machinery maintenance, and has powerful data analysis and forecasting to support decision-making.
Uncertainty is rife in the aged care sector, and many care providers are turning to technology to get handle on their short-term and long-term future. Aged Care Software solutions will help to eliminate this uncertainty with key functions such as data analytics and forecasting support.
