A deficit or bottleneck in one area of the procurement process will impact other areas, and ultimately increase the cost of doing business. Combining digitalisation and automation via an ERP system allows procurement to become a strategic function that adds value, enhances customer satisfaction, and drives business growth.
An ERP system breaks down communication and collaboration silos. And when everyone is working together sharing information and resources, they can achieve better business results.
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?
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.
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.
Your business is only as successful as its most skilled and motivated employees. Happy, well-trained and enabled people can have a positive impact on your business performance and reputation. What you may not have considered however, is the role an ERP solution can play in streamlining your processes and promoting efficiency across your organisation.
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.
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.
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.
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?
The right ERP solution can provide businesses with a fool-proof and future-centred approach to supply chain management. It gives business owners the capability to draw upon data in ever-increasing volumes and not be overwhelmed. At the same time, business owners can achieve integration between processes, datasets, remote teams, IoT devices or any other elements that are deployed within the supply chain.
