There has been a major shift from HR’s traditional function of tactical management of employees to the development of strategic insight and value creation. But payroll remains predominantly a tactical function in most companies. It is easy to under evaluate and under appreciate the payroll function so long as employees Continue Reading
Procurement 4.0: leveraging procurement capabilities as a strategic weapon
Let’s take a step back from Strategic Sourcing and talk a little about how Industry 4.0 has been great for Procurement. Industry 4.0 is commonly referred to as the fourth industrial revolution. A revolution defined by new trends in automation and data exchange in manufacturing technologies. But what makes this revolution different Continue Reading
3 Reasons to Calculate ROI of your ERP Implementation Project
No matter how difficult your current operational and technical environment, convincing senior management to invest in ERP is far worse. The bottom line is everyone wants to earn money but nobody wants to spend it. Well, the secret lies in a simple ERP ROI calculation or ERP ROI Analysis. Remember Continue Reading
The Impact of Technology on the Retail and Distribution Industry
This morning’s read of Deloittes analysis on 2018 retail, wholesale and distribution industry trends gives the reader a sense of optimism on the marriage between technology and the retail, wholesale and distribution industry. The report introduces the readers to the current trajectory of retail. According to Deloittes projections, the retail Continue Reading
A Simple Way to Understand Strategy Behind Sourcing
According to the Chartered Institute of Procurement and Supply, 2017 saw technology continue to drive improvements in processes, data, insight, and savings. Efficiency gains remained the constant propeller across various procurement trends. However, 2018 sees a new trend. A recent study shows 2018 to be the year for procurement to Continue Reading
In Daten Untergehen? Verwenden Sie diese besser, um aus Ihr Produktionsunternehmen einen Marktführer zu machen
Entsprechend der Global Manufacturing Economic Update 2017 im Juni, das J.P. Morgan fiel der Global Manufacturing PMI weiter von 52,7 im April auf 52,6 im Mai . Jedoch fuhr Europa fort, die Liste der Auslandsexporte mit starkem Produktionswachstum zu beherrschen und die Länder mit den höchsten PMI-Werten im Sektor, Deutschland Continue Reading