Many manufacturing and distribution companies are wrestling with the enormous challenge of Big Data, trying to turn mountains of data into actionable information. And while some companies curse the landslide of data overwhelming their organizations, others look to capitalize on what they realize is an opportunity to better understand their customers, suppliers and costs. But the challenge is more nuanced than sculpting a huge collection of unwieldy data.
In today's environment of Big Data and analytics, effective supply chain decision-making is only as good as the data influencing the decisions. Drawing actionable conclusions based on the best information possible is critical to maintaining a supply chain that is efficient and effective, but also acts as a continual driver of strategic and competitive advantage. But how can your organization ensure that the data used to draw conclusions and make decisions regarding the supply chain is clean, relevant and accurate?
Electronic invoicing isn't new, writes Nigel Taylor of GXS. It started over 40 years ago with business-to-business (B2B) electronic data interchange (EDI) within private networks. With the advent of the internet in the '90s, e-procurement portals appeared and sparked a frenzy of investment into online industry communities. The e-procurement portals focused on sourcing and purchasing activities, and this narrow focus inevitably led to internet portals dedicated to payables processing.
New York-based BizSlate is launching its cloud-based resource planning tool to give small business a hand with their supply chain challenges. Unlike legacy vendors in that sector, including SAP and Netsuite, the technology is specifically designed for department stores, retail chains, small boutiques and the like. Chief executive Marc Kalman says BizSlate is ideal for companies that have "outgrown QuickBooks" but don't have ample resources at their disposal for IT.
The Middle Eastern and Northern African public cloud services market will see strong growth in 2013, experts predict. The increase in spending will represent a 24.5-percent increase from 2012, with revenue forecast to reach $462.3m in 2013, according to Gartner. The Middle Eastern and Northern African public cloud services market is forecast by the research group to grow 13.4 percent in 2012 to total $371.2m, compared to $110bn worldwide.
Accellos, a vendor of supply-chain execution software, has achieved compatibility with Microsoft Dynamics GP 2013, for the latest releases of AccellosOne Collect and AccellosOne EDI (electronic data interchange).
Oracle Corp. has introduced two applications for managing health and safety incidents, within version 9.1 of its JD Edwards EnterpriseOne software suite.
Itelligence, a provider of SAP-based services for small and medium-sized businesses, has purchased the SAP consulting, license and maintenance operations of Software AG in the U.S. and Canada.
Most can agree that cloud ERP, and certainly manufacturing cloud ERP, is in its infancy. Interestingly, while analysts project that the adoption rate for cloud HR is more than 60 percent and for cloud CRM over 75 percent, the present adoption rate of cloud ERP for manufacturers is less than 10 percent (versus 90 percent of on-premise ERP). Yet, there is a general consensus that by 2023 most of the installed MFG ERP systems will be cloud-based.
The latest news, analysis, trends and solutions regarding enterprise resource planning (ERP) software and systems and their impact on supply chain management. New developments in ERP software - used by organizations to streamline day-to-day business activities like accounting, procurement and project management - are transforming the way companies operate and allowing them to stay ahead of the competition in their industries. As these solutions continue to evolve, businesses are discovering new ways to increase efficiency and cut costs. Learn how companies around the world are using ERP systems for supply chain optimization.
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