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!
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