Facebook Twitter Linkedin Key Takeaways: – Some signs that indicate the need for an ERP system include a high volume of admin or data entry tasks, disconnected systems affecting customer service, difficulty in decision-making due to a lack of data, and a lot of time and money spent on IT infrastructure. – Business processes with …
Facebook Twitter Linkedin Key Takeaways: – SAP is a multinational company that provides enterprise software solutions, including ERP. – ERP stands for Enterprise Resource Planning and is a type of software that integrates all of a company’s functions into a single system to streamline and optimize operations. – SAP is the leading vendor of ERP …
Facebook Twitter Linkedin All businesses are run with certain business goals in mind, but not all businesses achieve the goals they set for themselves. What makes some businesses so successful while others fail to meet objectives? Having a plan is essential for setting oneself up for success. But why do we need resource planning in …
Why Do We Need Resource Planning in Business Operations Read More »
Facebook Twitter Linkedin Key Takeaways: – ERP has its origins as an arithmetical system called Material Requirements Planning (MRP), developed by Orlicky to increase efficiency at a tractor manufactoring company. – The system helped the company meet and surpass market needs by improving the coordination between procurement, manufacturing and delivery. – Over time, MRP evolved …
Charting the Evolution of ERP: From Past to Present and Future Read More »
Facebook Twitter Linkedin Comprehensive Guide to ERP System Components and Modules ERP management systems are invaluable for running a healthy, growing business; however, many business owners hesitate to invest in an ERP system. Small and medium business owners often think that ERP solutions are only meant for large corporations. They think ERP systems are complex …
ERP Components 101: The Building Blocks of a Successful Management System Read More »
Delivery management is a crucial step for any business owner who delivers their products to their customers’ door steps. Traditionally, very few businesses gave delivery management its due importance, as they didn’t see the value in setting aside the time to optimize their delivery processes or in setting aside the money to pay a delivery …
Efficient Delivery Management Software to Optimize Your Van Sales Delivery Processes Read More »
Problem Statement AMRI Fashions (https://amri.ae/) is a UAE-based leading chain of designer wear stores for Women and Kids, with 12 stores spread across Dubai, Abu Dhabi, Ajman, RAK, Al Ain, and Khorfakkan. Apart from the physical stores, AMRI has an online presence in the form of e-commerce stores, social media, and other third-party online platforms …
What is e Invoicing? Electronic invoicing or e Invoicing is a major step towards Digitization and regulation of financial transactions between sellers and buyers in the Retail, Wholesale, Manufacturing and Services sector. It seeks to revolutionize and transform the manual issuing of paper invoices and notes into an electronic form that allows the exchange and …
Business intelligence in retail industry has made it possible to gain in-depth knowledge about your customer, their needs, their spend patterns, and the correlation with your products and sales is recognized by the Business Community from times immemorial. We also need to recognize that Retail Businesses operate on thin margins hence a Smart Business Owner …
How retail business intelligence is transforming. Read More »
Accounting practices across various industry segments including Retail and Wholesale, from times immemorial have been very well defined, are logically structured and hence have a limited room for innovation. Also, to add, Accounting as a function lays a lot of emphasis on certain fixed and nonnegotiable aspects like accuracy, integrity, and timeliness of data. In …
Insights on the “New Age Accounting” for Retail Businesses Read More »
