Though the general economy in the US and elsewhere is slowing down, manufacturing is set to grow 3.9% in 2019. However, in the next couple of years, the growth manufacturing may slow down too, with an expected rate of 1.9% in 2021. If you are worried that your manufacturing unit may face difficulties in these…
Inventory management is an important step that contributes significantly towards the success of the business. It ensures the seamless flow of the business activity enabling to carry out all retailing as well as manufacturing operations skillfully and for that, the estimation of the inventory is exceptionally crucial. There are many inventory counting methods, one of…
It wouldn’t be an overstatement to claim that social media is the single most important tool in the marketing mix. With studies estimating that there will be close to 3 billion active social media users by 2020, it is very important to understand how social selling can be automated at least to a certain extent….
While ERP is a remarkable tool that helps businesses to manage the day to day operations easily, it also can be used to access deep insights and business intelligence. Such actionable intelligence can help businesses to recognize opportunities, avert risks and come up with contingency plans. While much has been discussed about the Internet of…
Artificial intelligence is the technology that enables a computer program or machine to mimic human intelligence. In fact, it is a collection of technologies ranging from robotics and machine learning to natural language processing and even emotion recognition. It is expected that close to 80% of emerging technologies will use AI in some form by 2021….
Successful implementation and usage of ERP depend on how skilled your employees are at certain critical skills. While it is not necessary for them all to have technical skills to use ERP, there are certain skills that are very important for ERP success. Close to 45% of companies are unable to find the skills they…
It wouldn’t be an exaggeration to say that blockchain is one of the most promising technologies to have become mainstream in recent years. While larger companies have begun to implement blockchain to enable smart contracts and seamless identification verification, smaller companies and agencies are yet to figure out a way to use the technology to…
Enterprise Planning Resource (ERP) software has advanced to such an extent that it is difficult to foresee major breakthroughs in 2019. Unless one plans to integrate ERP with Internet of Things (IoT), artificial intelligence or Blockchain, one isn’t going to witness dramatic shifts in ERP trends this year. In addition, more businesses are implementing ERP…