The thought of private equity (PE) may bring up visions of a real-life Monopoly game where companies are bought and sold through big deals. But that picture may be changing, at least in the meantime.
Digital transformation is a major driver for success in manufacturing and distribution organizations. While digital transformation is integrating new digital technologies into your operations, changing the foundation of how things are done, you cannot completely tell the benefit of your digital transformation initiatives without measuring their impact and determining whether they are achieving the set objectives.
An enterprise resource planning (ERP) system takes significant organizational resources, and therefore being able to get a return on investment is crucial. However, assessing and improving the ROI from ERP implementation is a process that requires a strategic approach. An ERP system helps your organization to integrate all your core business processes—such as accounting, finance, inventory management and human resources—onto a single platform.
Reducing operational costs, improving production and delivery, making decisions based on real and factual data and driving business growth is a key mandate for businesses in the manufacturing and distribution industries. This is where business process efficiency comes into play.
Realizing business value is vital in modern business management—it means turning plans and initiatives into concrete improvements. As business complexity increases, companies must use technology strategically to thrive. Enterprise Resource Planning (ERP) software helps streamline workflows, enhance productivity and support growth.
What is business process management? Business Process Management (BPM) is a crucial strategy for companies looking to maximize the effectiveness of their operations and cut down costs. It involves the use of various software applications to manage, automate and optimize existing processes from end to end.
