By using our website, you agree to the use of our cookies.

Articles

ARTIFICIAL INTELLIGENCE IN MANUFACTURING

ARTIFICIAL INTELLIGENCE IN MANUFACTURING The world today has become a platform where technology wishes to rule us all; a place in which living seemingly has become a lot easier and comfortable, due to the usage of gadgets. Today, there are tools and machines which when used make work faster, efficient and effective as well. These developments in modern times has evolved into the advent of artificial intelligence (AI). Artificial intelligence…

Read more

THE BENEFITS OF INTEGRATING ERP AND BI IN BUSINESS

BENEFITS OF INTEGRATING ERP Organizations, in recent years are increasingly committing greater amount of resources to get an integrated Enterprise Resource support (ERP) and Business intelligence systems implemented. The business world as well is becoming more competitive, dynamic and innovative. Complex systems are introduced almost every day to meet the tight goals that stare on us. These systems has become the basic business tools, which has brought great impact on…

Read more

WAVE PICKING IN WAREHOUSE

WAVE PICKING in Warehouse For a better way to ensure productivity in goods and services, especially to meet the demands of customers, the management team of a company often get tasked with the responsibility of setting up a system to compensate the loopholes that come up during business operations. In production, one of these is the strengthening of the warehouse management. This idea rooted chiefly in ensuring procedures known as…

Read more

Three Principles You May Forget In The Implementation Of ERP System

Principles You May Forget In The Implementation Of ERP System Business is dynamic and the ability for one to continue operating to the foreseeable future largely depends on its responsiveness to the changing business trends. To give flexibility and convenience to consumers, it is imperative to respond to the changing technological trends in business. ERP software (or enterprise resource planning software) is a software that is designed to be used…

Read more

How An Amazing Technology Can Change Your Business

Technology in Business The business world is becoming more and more innovative. Business technology which goes to the very foundation of business is on the rise. Technology is the primary driver of the world. Customers are always looking for new experiences while businesses are on the move to find new ways of minimizing operational cost in order to maximize profit. If you are ready to match up, why not take…

Read more

HOW TO RUN A SAFE ERP IMPLEMENTATION PROJECT

RUN A SAFE ERP IMPLEMENTATION PROJECT There is a major debate and some kind of misunderstanding among professionals when it comes to the implementation of Enterprise Resource Planning (ERP). The problem has always centered on the bigger question of who should be in charge of ERP implementation project, the consultant or the client. Many ERP projects have been implemented without difficulty whiles others still wallow in failure. Another consent follows…

Read more

Difference Between Internet Of Things (IOT) And Industrial Internet Of Things (IIOT)

Difference between IoT and IIOT Internet Of Things (IOT) began as an emerging trend and has now become one of the changing elements that is driving the world in many respects. This is because there is an increased appreciation for smart objects, which tends to make life easier. In recent times, almost every appliance we use, ranging from iron, clothing, cars and other household electronics have some level of connectivity…

Read more

Three Reasons Why ERP Is Essential

Why ERP is Essential Businesses had before operated as an organizational structure where every department operated in isolation. Modern technology has rendered that practice ineffective and have designed a more sophisticated way of bringing together the previously separated departments to reinstate the harmony which is lost in the work place. Due to the increasing effect of globalization, organizations in especially the processing industries requires greater synchronization. In order to see…

Read more

Cash Accounting

Cash Accounting Any business needs a clear record of all monetary transactions coming in and leaving the establishment, because this is what indicates whether it is financially stable of not. Cash accounting also known as cash-basis accounting is one of the financial recording approaches mostly used by small business establishments. Under this particular approach any financial transaction is recorded when it is actually incurred and not before. This includes all…

Read more

How to Innovate Without Blowing Your R&D Budget

Innovation without Blowing Your R&D Budget Speaking to Fortune, the late Steve Jobs stated that the degree of innovation does not rely on the amount of R&D dollars an organization has. For many companies, any problem is countered by throwing money at it. However, Jobs believed that creativity and genuine genius should be enough to win over money when coming up with an innovation. Indeed, cost reduction is not always…

Read more

What happens when your budgeting goes wrong?

What happens when your budgeting goes wrong A good budget should not have errors, miscalculations, or lack of oversight. This can have detrimental effects on the running of the business and can lead to its collapse. However, when the worse comes to worst, here are a few tips on how to deal with unexpected issues arising from your business budget and how one can plan ahead to avoid a repeat…

Read more

Internet of Things for Industry 4.0

Internet of Things for Industry Internet of Things for Industry 4.0 is a common term that refers to the technologies and concepts of value chain organisation that draws together the internet of things, services and cyber-physical systems. The term originates from a project by the German that promoted computerisation of the manufacturing process. The first revolution in the industries mobilised the mechanisation of production using steam power and water. The…

Read more

Internet of Things

The internet of things has in recent times become a growing topic of conversation in the workplace and our homes. It refers to the network of physical objects which have been embedded with electronics, sensors and network connectivity that makes it possible for these objects to collect and exchange data. Notably, it has three main parts which include the objects embedded with sensors, the networks that connect them and the…

Read more

Inventory Replenishment: Why Push When You Can Pull?

Inventory Replenishment Unlike the traditional supply chains, today’s supply chain is inspired by demand. At the same time, retailers, manufacturers and distributors seek to achieve the maximum profit by choosing the most appropriate model to forecast demand or react to consumer purchases. Currently, many companies have adopted cloud computing and technologies in order to help them transit form the traditional push to the modern day pull model. The push system…

Read more

Goals for Asset Management

Asset Management Regardless of the value of an organization’s assets, it is important to ensure that all asserts are protected and well managed. Asset management can help plan and maximize the returns on the investment. An effective asset management program can help achieve a wide range of goals pertaining to asset management. A proper program can help identify wastage of any sort in an organizational setting. In today’s business environment,…

Read more

Four Reasons Retailers Should Pay Attention to Reverse Logistics

Reverse Logistics Often, retailers emphasize the need for an agile and cost-efficient movement of freight to stores or customers but fail to acknowledge reverse logistics hence leading to missed opportunities for the entire consumer goods supply chain. Through the multi-channel model, consumers are able to buy anytime and anywhere hence making it necessary for retailers to focus of four important logistics. The first reason why retailers need to focus on…

Read more

Why Every Manufacturer Needs a Reverse Logistics Solution

Reverse Logistics Solution Averagely, manufacturers spend 9-14% of sales on product returns annually. However, 45 percent of manufacturers fail to utilize a reverse logistics solution. Instead, these manufactures rely on retail or wholesale partners to deal with any customer returns, recalls, and seasonal overstocks. Initially, manufacturers saw no need to reject any customer returns, product recalls or overstocks. However, this changed after the mid-1900s when most of the U.S. manufacturing…

Read more

Goals for Asset Management

Goals for Asset Management Regardless of the value of an organization’s assets, it is important to ensure that all asserts are protected and well managed. Asset management can help plan and maximize the returns on the investment. An effective asset management program can help achieve a wide range of goals pertaining to asset management. A proper program can help identify wastage of any sort in an organizational setting. In today’s…

Read more

Best Practices in Today’s Distribution Center

Best Practices in Distribution Center A business may achieve success or complete failure depending on the selection of human resource, process tools and technology. The distribution center is crucial to the business environment. According to Don Derewecki, the executive vice president of Gross & Associates, businesses no longer require warehouses in order to operate effectively. Instead, throughput centers have become popular in today’s business environment. While best practices are bound…

Read more

Technology That Can Improve Safety In Manufacturing and the Supply Chain

Safety in Manufacturing and Supply Chain Regardless of individual opinions regarding the safety or lack of it when using technology, one factor is constant. Technology, has for some time been changing the capabilities of human beings. When used by the right people and for the right purposes, technology can provide a safer environment and future. Whether in business, military, industries or social media, technology can provide the level of safety and…

Read more

Breakthroughs Manufacturing the Future of Medical Science

Future of Medical Science From curing crippling diseases and eradicating plagues to extending the average lifespan, medicine has undergone numerous changes over the years. At present and in the future, science and technology may be combined to bring about a new world where diseases can be prevented and premature deaths avoided. In the last few months alone, many change shave taken place in the medicine field hence giving hope for…

Read more

Supply Chain Integration + Collaboration = Success

Supply Chain Integration The supply chain is highly reliant on a number of stakeholders who make the supply process successful and effective in order for the customer to receive the product as demanded and when demanded. As a part of the lean strategy, the partners must collaborate with the customers in order to open more opportunities in future and increase customer loyalty. The process of the integration in the supply…

Read more

How Robots are Taking Our Jobs?

How Robots are Taking our Jobs Technology has undergone significant changes over the years. Unfortunately, technology has also resulted in job losses in various industries. On the other hand, advancements in technology have also meant more efficiency and faster service and product delivery. Historically, technology and robotics have been used to simplify tasks and make work safer. However, change is scary thus the fear of robots taking over employment and…

Read more

Warehouse Operations Best Practices

Warehouse Operations Best Practices The process of warehouse management is not as straightforward as other management processes. Often, warehouse managers have to observe the flow of products in and out of the warehouse while accounting for any loses or damages. The warehouse manager also has the responsibility of ensuring that the warehouse is fully equipped with the products as demanded without the risk of retaining dead stock. With these and…

Read more

Things You Might Be Wasting Workplace Funds On

Wasting Workplace Funds The current economy is quite unpredictable and more competitive than ever leaving the organizations to be on the lookout for wastage in the workplaces. In procurement, when done properly it reduces costs which can put a strain on the budget. Some of the ways you might be wasting workplace funds on and suggestions on how they can be avoided include: Cut down on paper use In the…

Read more

5 Common Procurement Problems

Procurement Problems Procurement systems are designed for speed, efficiency and accuracy. However, human error and organizational shortcomings are still witnessed despite precautions taken and can affect the company’s procurement system and purchasing ability. Some of the issues you may encounter include: Accidental orders This can result from wrong quantity or item ordered. Make a follow up with your supplier if you are in good terms with them and rectify the…

Read more

Purchase Order Myths

Purchase Order Myths Some of the common misconceptions about purchase order include: Purchase orders are not important Most of the Small Medium Enterprises consider purchase orders as not important in their business operation as they do not do lots of orders. However, the purchase order is meant to act as a legal contract between the buyer and the supplier so that the supplier is held accountable in case of a…

Read more

How Purchase Orders Work for Companies of All Sizes

Orders Work for Companies Purchase orders are vital for the operations of any company whether it is a small medium enterprise or a large corporation.  Purchase order can make tasks in the organization to be more effortless and accurate as long as they are tailored to your organization’s structure , objectives and size. Small Medium Enterprises. Most of the firms that have few employees usually have employees who multitask such…

Read more

The Advantages of the Retail Method of Inventory

Retail Method of Inventory It is important for every business to carry inventory. This will enable it to ensure that it does not run out of raw materials for manufacturing and finished goods to sell. When they hold inventories, they must be able to account for the tax inventory, accounting and the internal financial purposes. The retail method is a valuing method that maintains a detailed record of all purchases…

Read more

Impact on Financials from the Periodic Inventory Method

Periodic Inventory Method Inventory refers to money that is either your own or which you borrowed to inject into the business. The inventory method chosen can affect the amount of current assets and gross profit income statement. This is especially in the case where pricesare subject to change. The choice of the inventory method should be reflective of a company’s economic circumstances which will a go long way in creating…

Read more

5 Signs It’s Time to Change Your ERP System!

Who is one step ahead of the game? Who changes things when it’s needed rather than waiting until it’s too late? Those in the know! There are some real tell-tale signs that you need to change and upgrade your ERP system. Old, out of date systems cost you time and money – nobody wants that. The biggest issue can be how to know when it’s time to make a change….

Read more

From Manufacturing to Distribution: The Evolution of ERP in Our New Global Economy

Evolution of ERP The increasing competition among manufacturing companies has led to enhanced product service delivery, as opposed to the traditional production based economies. Nowadays, companies have differentiated such that there is a global network comprising manufacturing firms, suppliers, and distributors. There is an improvement in efficiency, as well as standardized price and quality in all products due to stiff competition. This has resulted to companies outsourcing production from other…

Read more

Slow Moving and Obsolete Goods, Are Bad for Your Inventory

Inventory Management Though the key idea of every business is to make significant profits, there comes a time when things don’t work exactly how they should do. However, this does not mean a supply chain manager has failed to achieve his/her objective. There are factors that can lead to slow moving and obsolete goods, and the main reason being technological changes. Customers or product users are continually changing, so too…

Read more

Warehouse Zones

Warehouse Zones All warehouse design requires a decision concerning how to store stock. Some items can be placed in racks, some can be stored on pallets, and other items can require specialized storage bins. Small items can be stored using a rotating basket or bin. Some materials require segregated storage due to a volatile nature or specific temperature requirements.The special storage needs of these stock items result in zoned storage….

Read more

Public Warehouse

Public Warehouse All organizations supply chain will have and require a warehousing function. The warehouse space can be owned by the organization, a third party logistics company, or a public warehouse. From time to time, additional warehouse space is needed due to a variety of factors. These factors can include peak season inventory, a warehouse construction project, or loss of warehouse space. Regardless of the reason, using public warehousing can…

Read more

Planning Your Warehouse Layout

Planning Your Warehouse Layout When planning a new warehouse layout or making existing warehouse design changes to support a new product, there are some important decisions to be made that will directly affect the results of your warehouse project. A comprehensive assessment of warehousing goals must be completed in order to construct a warehouse that fulfills those goals. Most warehouse projects fail or succeed based on these primary factors: correct…

Read more

Tips for Supply Chain Integration

Supply Chain Integration Supply chain management may not be a simple task. Yes it can be tricky at time but supply chain integration is an effective way to enhance the performance of an organization. In this article we will share few tips with you that can you in making supply chain integration as smooth and successful as possible. Win Executive Support In the start the whole idea of supply chain…

Read more

ERP for Warehouse Automation

Many companies carry out in-depth audit to investigate the inefficiencies and warehouse automation can help in reducing them. Usually it involves investigation of whole warehouse management systems. While proposing such system management may become hesitant because of the initial costs, fear of change and resources required for implementation. ERP solutions can provide the same benefits as implementing totally new enterprise software without the problems associated with the later. In this…

Read more

Who runs the ERP implementation project

ERP Implementation Project There is equal probability of success and failure of an ERP implementation project. To know who should be held responsible for this, we first need to understand who runs the ERP implementation. In the start interviews should be held by project team to understand the abilities of all the individuals involved. If anyone’s performance is not up to the mark, the project manager needs to be informed…

Read more

Old Software is bad software

Old Software is bad software Applications now play a vital role in several key business operations. To get the desired results you need to ensure that all the software and applications in use are of the latest and the most stable versions. Several vital financial and administrative organizations currently rely on older software and this can have a huge impact on the whole economy. In this article we will discuss…

Read more

Accounting Software

Accounting Software The fast moving world and tremendous competition in every field means that now every business needs to keep up and match the pace of the rest of the world. Software are taking over from the manual methods in every fields. There are many reasons behind this major change. Using software instead of doing things manually has many advantages including improved accuracy, less errors and better speed. Accounting is…

Read more

How much does an ERP implementation cost?

ERP Implementation Cost The first question that any business organization would think about before implementing or opting a new process or an asset is the cost of implementation in the whole process. Although all business organizations prefer the best software, they also prefer the assets to be cost effective. The same question arises with the ERP systems as well. The ERP systems are considerably low when compared with the manpower…

Read more

The Advantages of Hosted ERP

Hosted ERP Benefits The number of business industries and organizations are growing faster today. Whatever business sector or industry an organization belongs to, it is a known fact that the company invests in a large number of manpower and assets. The management of all these inventories and assets is highly complicated and at the same time, it is important that the information remains confidential. The investment on the hardware purchase…

Read more

How to Set Shipping Rates For Your Business

Shipping Rates for Business Online retail companies need to implement advanced technological solutions in order to be able to grow their business in today’s competitive marketplace. One of the efficient ways of shipping products is by using the FedEx specialized E-Commerce Solutions that help companies move their online business forward in the dynamic e-commerce landscape. Companies can leverage the inbound supply chain in order to maximize their customer’s e-commerce experience….

Read more