A business’s ability to embrace a strategic and systematic approach to sourcing goods and services results in many advantages. But how do you know if your business is ready to take purchasing to the next level and embrace a procurement mindset? And, how does procurement technology fit into the picture?
Industry 4.0 is the latest industrial revolution, and is all about smart manufacturing and using digital technologies to increase productivity, flexibility, and agility.
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.
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.
Ultimately, a powerful, digital solution with a high degree of automation becomes essential once an organisation’s requirements around spend management approval become more advanced and finely-tuned. Support your team to work more effectively and efficiently with Epicor’s Advanced Requisition Management software.
Tracking your budget and forecasting results within your financial software solution unlocks a more strategic approach to planning. Rather than simply commissioning a short- or long-term forecast based on the information at hand and then building a plan around this, businesses find themselves with far greater levels of insight and understanding at their fingertips.
In the manufacturing sector, what your customers need and what you deliver must be closely aligned. With a manufacturing-specific business management system this alignment is not only possible but empowers manufacturers to stay ahead of their customer needs and requirements.
We asked our Managing Director Mark Batina to share his main challenges and key takeaways from his experiences as a business leader during the COVID-19 pandemic, and what he thinks the impacts will be for our business and the industry moving forward.
When Business Process Management is implemented correctly, a company becomes an organic whole, with each process integrated with all others to eliminate any gaps or sticking points. But where does a solution like the Epicor ERP platform fit into this? How can you deploy the right software solutions to help you get the best out of your BPM initiatives?
