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4 sure-fire signs that your retail business is ready for ERP
Congrats! If you’ve clicked on this article, chances are you’ve been considering moving your business to an integrated ERP system and want to find out more. If so, you are in the right place. Keep reading!😉 Switching to an integrated ERP system is a milestone for many businesses- as your business grows, you may have outgrown your current software and systems and need to look for an alternative. ERP software helps retailers run business smoothly and connect all their departments...
Omnichannel retail ERP- What is it and why it is important
What is the only constant in commerce? Change. What isn’t a constant? How we approach retail. “The omnichannel approach is the future of retail”- HBR (2012). A HBR research showed that 73% of consumers shop across multi channels- from physical stores, online stores, apps, social media, to over-the-phone, before making a purchase on the platform that is most convenient to them. In this article, we’ll be covering what that is and several powerful reasons on why it matters- especially with ever changing...
3 mistakes to avoid when it comes to achieving supply chain excellence
Through 2024, 50% of supply chain organizations will invest in applications that support artificial intelligence and advanced analytics capabilities. The COVID-19 pandemic amplified the need for supply chain organizations to seek tools that help them make smarter decisions faster. In the last supply chain blog post, we touched on business process management (BPM) and how BPM ensures competitive advantage with your supply chain to achieve business success. As a recap- the supply chain will be a key element to shape the...
Struggling to manage your company’s expenses? You’ll love this tool.
82% of businesses fail because of poor cash flow and expense management. It makes sense - after all that’s a saying that goes: “Revenue is vanity, profit is sanity, but cash is king.”- Unknown No doubt fascinating, nonetheless. In this blog post, we will be sharing this 1 secret tool that you absolutely need for your business- expense management. Especially if you’re struggling to manage your company's expenses. Introducing: Continia Expense Management 365. What is Continia Expense Management 365 and what it...
The shocking reason why your supply chain is weak- Business Process Management
What would you say is the unsung hero of your business? Let us put it to you that it is the supply chain management process. In today's demanding business environment that prioritizes flexibility, speed, quality, efficiency, effectiveness and innovation, a competitive supply chain strategy and its business process management is critical. Even the legendary Elon Musk once famously echoed “The supply chain stuff is really tricky” (2017). So how then, do we begin to tackle this problem? In this article, we’ll dive...
What is the role of ERP in Supply Chain Management?
What do Sheng Shiong and Netflix have in common? They both have a strong and robust supply chain system. Sheng Shiong is a local supermarket chain well loved by Singaporeans. They have a strong and sophisticated supply chain system that is supported by their integrated retail distribution IT system (Enterprise SG 2015). The same goes for Netflix. Netflix focuses on the digital supply chain, expanding into content creation and distribution at the center of the supply chain. Netflix also gathers data...
Microsoft Power BI- Part 3: How to make Data Visualization work for your business
The global business intelligence market is predicted to expand from $23.1 billion in 2020 to reach $33.3 billion by 2025 (MarketsandMarkets 2020). In spite of a rough couple of years brought about by the global pandemic across all industries, data-driven business decisions made by harnessing the power of business intelligence (BI) has been more crucial than ever. The importance of leveraging data has become more pivotal as the move to remote working has forced significant shifts in how...
Microsoft Power BI- Part 2: 6 ways how Power BI elevates your business decisions for success
What is the single most important thing when it comes to making good business decisions? Data. Locally and around the world, thousands of customers use technology in different ways to get the most out of the data in every shape and form. In our previous post, we covered the introduction on what Power BI is and why it is good for your business. If you haven’t checked that out, you can read it here. In today’s post, we will...
Microsoft Power BI- Part 1: What is Power BI?
They say data is king, but how do you make the data work for your business when there’s an overwhelming amount of information out there? Picture this- your team sends you dozens of reports, excel spreadsheets, emails with multiple attachments, charts, and even printed handouts. You find yourself in a time crunch and fear that the most recent information isn’t on your hands. You continuously sieve through enormous amounts of data, and receive an email from your boss chasing...