STAMOD The manufacturing industry continues to face challenges related to cost savings, and companies will need to find creative ways to reduce expenses while remaining focused on quality and efficiency. In a recent article from STAMOD, the organization outlines seven strategies related to offshore prototyping that can yield both cost savings and long-term value. The article provides context and practical …
The Future of ERP
The Future of ERP The future is tough to predict, but by looking at trends – especially in technology – we can get a sense of where ERP is headed. We may not be able to foresee all of the potential changes. In fact, it’s even likely that new developments will change future ERP in completely unexpected ways! Outside of …
Challenges of Implementing an ERP
The benefits of ERP systems are numerous. Whether it’s obvious improvements to organization, or slightly more “hidden” advantages like reducing overhead or inspiring more collaboration – if you look for the good stuff, you’ll find it! Every ERP provider is more than ready to give you a list of benefits… But what about the Challenges of Implementing an ERP? Implementing …
Using Data for Effective Supplier Relationship Management
Your new product is called “Swan”. When you get your supplier’s quote and specifications, they call it “Shane”. And right from the start, your collaboration on the new product is off on the wrong foot. If your supplier gets a simple name wrong, you’ll be questioning what else they missed. They’re the main manufacturer on your new product, so ensuring …
Key Factors that Improve Supplier Relationship Management
The foundation of a well-equipped hospital is effective supplier relationship management. Solid supplier relationships are best achieved through a combination of automating the procurement process and establishing a bond of trust with key vendors. This winning combination ultimately helps a hospital save money and time by ensuring that supply procurement becomes more proactive as opposed to reactive. Understanding how Automation …
Techniques to Improve Your Supply Chain Management
The supply chain is one of the most vital parts of your business because, after all, it’s what delivers the products to you and then to your customers. Without a good management of your supply chain, your company won’t be living up to its full potential. Here are a few tips to help improve the efficiency and productivity of your supply chain and …
Leveraging PeopleSoft Supplier Relationship Management
In order to leverage PeopleSoft Supplier Relationship Management (SRM) to obtain each benefit, a number of steps must be taken to implement what Oracle terms its “integrated suite of procurement applications.” Streamline Procure-to-Pay Processes: PeopleSoft SRM provides that central knowledge base that is so important, particularly if your organization has merged with others, or has cobbled together legacy systems. So much information stays in …
PeopleSoft Supplier Relationship Management: A Useful Tool with Vulnerabilities to Fix
PeopleSoft ERP software is used by over 1/2 of the Fortune 500 companies and by many others worldwide as well, yet it still has it’s share of vulnerabilities. Because the applications are integrated over all of the business activities across departments, everyone works with the same data and processes. No more information silos! And, when implemented, companies use it to improve …
5 Tips for Great Hospital Supplier Management
When it comes to using your ERP for hospital supplier management, there are some important areas your organization needs to address to effectively increase quality vendor relationships, decrease inventory and supply issues and integrate your supply chain management with the rest of your organization. Addressing the following 5 issues with supply chain relationships can drastically impact your supplier management for good! …
Optimization is Key – How Healthy is Your Hospital Supply Chain?
In the rush to drive down healthcare costs, hospital supply chain optimization can help. By doing so, hospitals are saving millions of dollars and blazing a new trail in healthcare management. Through our PeopleSoft operational support, Belmero Inc. identifies ways to optimize hospital supply chains – just one way we typically achieve a 25% reduction in support costs and increase overall productivity for our clients. This May 4th through …
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