Business & Management Insights

  Technology has enabled businesses to progress rapidly. It has helped solve problems and face challenges that would have been a complex task for humans to work through. To survive in today’s competitive and constantly evolving world, companies must form strategic solutions to reduce costs, prevent resource wastage and implement automation. Automation can help improve the working of a business with efficiency, reduced complexities, and minimal wastage of resources. Different types of automation processes help the business improve differently. Middleware integration services help a business in designing, planning, and creating a compliant mission-control platform. Business Automation processes help a business replace manual recurring tasks with automated processes. While supply chain management software implementation works on planning, implementing, and controlling the operations of a supply chain. Thus each part of the business process avails advantages from automation ...

  Covid-19 brought so many challenges for people and their lifestyles which we never imagined. The changes we have seen since March 2020 has been so drastic and compelling. With economies to shatter and the unemployment rate at the peak, work from home and other changes by companies have proven vital in the continuation of industries. We have entered a new normal where working remotely is considered optimum. We have dived into a zone of technology where many IT consulting companies in india are hurrying up to bring new technology to meet our sudden shift of work. Let’s find out what they’re up to. 5G - With long anticipation of 5G wireless communication, many countries in Europe and Asia are set to get hands over 5G. The deadlines for the 5G setup are expected much sooner now with Ericsson, Nokia, and Siemens working to provide a 5G network to almost 30% of the world’s population. This is primarily because of the increase in demand for remote work. Companies will need a high-spee...

Business Process Management is a top to bottom process that helps in monitoring and controlling an organization. In a business process, a sequence or steps involved for an outcome is necessary as it brings efficiency and effectiveness to an organization. Business Process Management helps to study, analyze, improvise and monitor the business process. It is a continuous process and requires evaluation to overcome management challenges. What do you mean by Business Process? A business process is the step involved in a set of activities that are required in an organisation. How a given task is done is determined by the business process. The management of a business process diminishes possibilities of any mayhem and confusion. Steps involved in BPM Design>Model>Execute>Monitor>Optimize Types of Business Process Management(BPM) Business process is generally divided into three parts and can be used according to the purpose they serve in an organization. S...

To understand about the importance of POS Softwares, we first need to know what actually Point of Sale is and how it works. The definition of Point of Sale (POS) The Point of Sale is defined as the time and place where a transaction is made or completed. Basically it is the process in which the merchant counts the amount that is owed by the customer in exchange of a good or service, and thus prepares the invoice for the customer. Former methods of this whole POS system included printed receipts or hand written invoices but with the advancements in technology, most of it done electronically. What are POS Softwares?   Operation of any business requires efficiency in all aspects. Right from administration to marketing, each skill plays a crucial role. However, there are some businesses that require more management skills whereas some needs to be more efficient with marketing. But the call for retail stores is different, along with great administrative skills, they req...

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,...