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Showing posts from June, 2020

A Case for ERP System Integration - Adapting to the New Normal

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The ongoing COVID-19 pandemic has had a major impact on supply chains around the world, forcing manufacturers to consider ERP system integration as they rethink their approach to vendor and client management. Companies that are  dependent on China  for raw materials and finished products are among the hardest hit, especially those that have a direct interest in Wuhan – 200 of the Fortune Global 500 firms have some presence in the region. Even if the global economy returns to some form of normalcy in the months ahead, there’s no guarantee these supply chain disruptions will completely disappear. Planning for an uncertain future For decades, manufacturing companies have focused on optimizing IT systems and back-end processes to reduce costs, efficiently manage inventories, and maximize asset utilization. While these efforts have helped companies mitigate smaller disruptions, most have never faced a threat as serious as the COVID-19 outbreak. Between supply chain restriction

Effective Asset Management Practices the Age of COVID-19

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As businesses across every sector face major challenge in the age of COVID-19, we continue to hear repeated phrases from leaders about these “uncertain times”. In most parts of the world, large-scale capital projects are being put on hold, mining and resource sites are going into hibernation, and companies within the oil sector are trying to reduce or stop production altogether given the current global oversupply. The upside is unplanned outages, which presents opportunities to bring forward major maintenance programs for example. Also, in a very sudden turn of events, certain assets are no longer being used for the purpose they were designed for, which could introduce new failure patterns. As strange as it seems, some assets have greater rates of failure and higher costs of ownership over their lifecycle when their outputs are lowered or shut down altogether without a proper maintenance strategy. And this is happening across the board in Australia. While the focus is now on

Four Simple Ways ERP Software is Helping Businesses Streamline

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Whether you’re a single-person operation or a multi-national conglomerate, ERP software can support your infrastructure and help you carry out core functions with ease. If you’re trying to standardize processes, get more real-time information, or ease the pressure on your overworked employees, then ERP software is likely to be the answer. Here are just four ways ERP software can help streamline your business. 1. The Creation of Central Repositories Increases Efficiency As ERP software places all of your business’s core information into a centralized location, staff members find it easier than ever to find the information they need. After all, the software completely eliminates the need to stumble around the office looking for misplaced documents. Instead, by providing everyone in the office with access to a central repository of information, staff members will find the information they need to carry out their daily tasks in only a couple of clicks; all without the need f

Old Trends Are Now Requirements

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Coronavirus Pandemic sentenced the world to an uncertainty. In this uncertainty, businesses, employees, and customers quickly switched to the home model brought by the new world order. Undoubtedly, many businesses have failed to provide the same service to their customers as they did a few months ago due to local and national restrictions. If every crisis teaches a lesson, this crisis clearly demonstrated the importance of investing in the right infrastructure and software to ensure business continuity and success. Right Software for A Happy Ending The #stayhome hashtag, which entered into our lives with Covid-19, means much more for industries than staying at home. During uncertain times, such as the coronavirus pandemic, enterprises need to rethink the way they operate as they move to a work-from-home model, with the safety of course, of their employees and customers top of mind. As local and national restrictions require businesses to limit face-to-face interaction, servi

The Impacts of the COVID-19 Outbreak on the ERP Industry

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The severe outbreak of Covid-19 and its subsequent transmission to other countries have brought almost every industry to a standstill. Global and domestic supply chains are experiencing disruptions and manufacturers are under more pressure than ever to create the most out of the least. Manufacturers are contributing to fighting the pandemic by producing hand sanitizers and respiratory systems. Yet, the ripple effect of the novel Coronavirus is resulting in downstream industries and the nationwide economy. However, the government has been on its toes since the outbreak and is constantly supporting local businesses to industry giants sustain their position in every way possible.  Specifically talking about the supply chain industry, businesses need to maintain scalable processes.  ERP Software  plays a vital role in supporting the supply chain businesses by maintaining supplier and vendor relationships along with the availability status of the materials. To meet quality and consi