In 2011, the business analytics market extended its post-2009 recovery with another stellar performance by growing worldwide revenues 14.1 percent year over year. International Data Corporation forecasts that it will continue to grow at a 9.8 percent compound annual growth rate through 2016 to reach $50.7bn. Helping to drive this growth is media attention focused on Big Data, putting broader business analytics on the agenda of more senior executives.
Syspro, a vendor of enterprise resource planning (ERP) software for small and mid-sized manufactures and distributors, has announced several new products. The company will soon be debuting an App Store which will extend the availability of its ERP offering within its partner and user community.
In the '90s, ERP officially became a technology market segment challenging MRP, accounting and financial-only package sales. At the time, companies worried that they would confront major replacement challenges when their business changed, grew or (most often) new and better technologies came along, making a compelling argument and value opportunity to replace and migrate upward.
JustEnough Software, a vendor of demand-management applications for retailers, distributors and brand owners, has formed an alliance with the supply chain consultancy enVista.
To put it mildly, today's ERP is not what it was a decade ago. In terms of mobility, speed and actionable intelligence, technology was in its infancy at the turn of the century.
Everyone wants their business to grow, to broaden its operations within a territory or country and, eventually, across borders to other countries and continents. However, business expansion abroad entails a great deal of forethought, especially with regard to enterprise software applications.
High-tech firms have had to deal with volatile demand as consumers preferences have rapidly changed in view of innovative products and services. Market velocity is so high in this sector that products and entire companies can go from "high flier" to "crash and burn" very quickly. Even leading companies with strong brands have to continue to develop revolutionary products and new business models to stay relevant.
A year after adulterated heparin caused deaths in the United States and Europe, inspectors in California were still finding contaminated product in hospitals throughout the state, even though the manufacturer had sent out multiple recall notices, and the issue with the product was well known. As the pharmaceutical industry responds to regulatory mandates to address such weakness in the supply chain, it's important to ask, "Could this same thing happen in a 'serialized' world?"
An improving economy gives businesses an opportunity to reassess their strategies, plans and tactics as well as the impetus to tune up their operations.
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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