Business & Management Insights

Supply Chain Management is the process to source out the raw materials that are required by an enterprise/company to manufacture or create a product or a service in order to deliver to the customer. The Supply Chain Management (SCM) software contains in itself everything from storage and all movements from the products, including all work processes are performed to get the products from the point of creation to the endpoint. This software keeps the operations flowing smoothly. A successful business is the one which has the ability to forecast the sales demand, this can be achieved by having suitable Supply Chain Management software Implementation . In the case of a poor SCM system, industries face huge losses and it also impacts the stages of production right from scratch. The top 5 trends in Supply Chain Management that will bring revolution to the industry are going to be related to technology since technology is going to play a very effective role in making the SCM s...

As per IBM, the Gartner Magic Quadrant has ranked the Maximo EAM as an industry leader for 27 years straight. IDC MarketScape and G2 GridBest have also given IBM’s Maximo similar positions in their surveys and comparative studies. In fact, popular claims suggest that the IBM Maximo Enterprise Asset Management Software can decrease downtime by almost 20%, improve labour utilisation by similar numbers and reduce excess inventory issues by 30%. All these paints a hopeful picture for this asset management software when it comes to the enterprises’ needs to track, optimise, and fully access the potential of their assets. The winning features of IBM Maximo EAM The first noteworthy feature of this EAM platform has to be its IoT integration, the one that IBM highlights as well. Maximo can capture data in real-time from people, sensors and other related devices to display the necessary data for performance and health tracking. It also supports API integration and allows users to access th...

Asset-intensive companies continuously face the struggle of maintaining the value of all their assets. And along with it comes decisions like investments and resource allocation to maintain a seamless flow of their businesses. The common questions that such establishments typically face involves – is the current investment worth it? What is the optimal frequency of maintenance that will ensure quality? Are the assets lowering overall costs? Are they still reliable? Enterprise asset management programs bring the answers to such queries in one platform and help decision-makers to frame policies for better management of assets through their entire lifecycle. They also give the managers the desired feedback on their business processes and provide insights into potential benefits and risks. How EAM impact business performance? Enterprises typically have two types of assets in their hands. One, physical assets that include classes like plant and production units, infrastructure,...

Over the last decade, technologies across the world have taken giant leaps. As a result, most technology-driven enterprises have gone through significant transformations as well. Most of the major networking companies have transitioned from a hardware-based model to a software-centric structure. In addition, these companies have changed their future direction based on the approach of their CIOs.   At big conferences and trade shows, technology officers or chief information officers do brainstorming to identify the latest technology trends, the applicability, cost-effectiveness, and potential long-term results. Amid all the hypes about these new trends, the real concerns are for CIOs, and other IT professionals are about aligning their organization with the latest technology to move forward. In this post, we will talk about five key takeaways for CIOs regarding the modernization of applications and data migration trends. Here we go. 1.      New Softwa...

Enterprise Resource Planning or ERP can help a business move forward with paperless, secure, and efficient management. The advanced technologies of the modern era provide the option of using enterprise-wide solutions like ERP software systems to manage businesses well. This software enables both manufacturing and service industries control all the activities from a centralized location. ERP primarily helps in the saving time, cost, and hassles of operational work. Pain Areas of Using a Non-Integrated ERP System Many organizations, especially manufacturing companies are still stuck to the age-old non-integrated ERP system. In such a system, the functions such as documentation, inspection, product control, process control, supplier/customer communication, employee training and calibration work in a fragmented way, just like separate entities. In such prevalent systems, there could be several potential communication issues. It is because there is no defined...

For a business to stand strong for years, it needs a great team which manages every aspect of the business through its highs and lows. There are many inspiring stories of businessmen/entrepreneurs out there who struggled hard and took along his/her team through the rough patches to achieve their business goals. Reading such inspiring stories and gaining management insights from those management wizards would be a great learning experience for people across the board in the world of business. This article brings you some great management insights from some of the legendary management gurus and leaders. It is a must-read for businessmen, CEOs, Entrepreneurs and all those who are part of the business/corporate world.  Steve Jobs- Who isn’t familiar with the contribution of this legendary man? A revolutionary who completely transformed the tech industry! His top lessons were: 1. Never Give Up- well this is something that everyone you know will tell you. But looking thro...