A supply chain is a vast business that involves the supply of products to warehouses, plants, customers or stores. The supply chain business also deals in the transformation of raw materials to finished products and later delivering them to end customers. Thus, a supply chain is basically a linkage between suppliers and companies. A product passes through a series of stages to reach the customer and a supply chain is all about the stages and the process. In order to manage the tactical administration of materials and their movement from their source to the destination a Supply chain management software is designed.
Supply chain management software is the perfect way to automate all the processes. It manages, controls and also audits every step involved in the supply chain. With its numerous features, it helps the growth, boosts efficiency and saves overall expenses.
• Inventory optimization:
It helps to keep the required amount of goods and resources in the inventory. Also, it manages fluctuations, demands, and schedules restocking according to the demand. Moreover, it provides tracking of items with the help of barcodes and serial numbers.
• Warehouse management:
The supply chain management system is also used for tracking goods, stock picking, managing warehouses, shelving, shipping and receiving warehouse items.
• Demand forecasting:
This feature manages the fluctuations in supply and demand. It forecasts the future demands and notifies the managers about the situation.
It manages and automates your purchases, payment receipts, log expenses in order to create a clear trail of the audit.
• Order managing
Supply chain management essentially depends on order processing. This feature allows users to process and manage orders with great ease.
• Transportation management
Transportation is a major part of the supply chain business. In order to move goods from one place to another management of transport is very necessary yet extremely difficult. So supply chain management software helps to take care of shipments, addresses of every stop, timings of schedules, and other details.
• Easy auditing
This eases the process of inspection of suppliers. It also makes the business transparent.
• Scalable Nature
The system can be used for any kind and size of business
• Fully integrated system
All the solutions smoothly work together in a single interface allowing mobility and flexibility.
Plus points Supply chain management software offers:
• Easily overcomes the uncertainties related to production, supply, and demand
• Helps achieve operational efficiency which later increases profitability
• Provides your business with productivity and throughput
• Saves your business from losing customers and also sales
• Automates your maximum activities
• Centralizes all the information regarding inventory, warehouse, orders or other processes
• Provides real-time visibility
• Prevents false or unauthorized distribution because of instant alerts and notifications also
• Allows you to study sales patterns and also make smart decisions
• Eases transportation and order delivery
Inventory management stands for upholding the perfect balance of goods and materials in stock and taking care of related operations. The complex tasks of inventory are taken care of by the Inventory management software. Hence, it introduces you to a specialized system that uses numerous ways to effectively manage your inventory. Inventory management software offers you much more than just product tracking of your inventory.
Ways to take care of your inventory management:
Following are some features offered by the manufacturers of the inventory management software:
• Multi-location inventory tracking
• Barcoding of every product
• Quality control
• optimization and also performance analysis of inventory
• Reporting in Real-time
• transport planning and management
• logistics analytics
• better utilization of inventory capacity
• No delays in production also
• Improved customer satisfaction
• Demand forecasting and sensing
• Resource planning
• product forecasting
• The automated and fast delivery system
• Accurate and fast Response feature
• Tracking of consumables
• The lot and code tracking
Comforts inventory management software brings you:
• Makes business processes easy
• Speeds up the workflow
• Makes inventory operations accurate and precise also
• Requires less time to integrate with the system
• Also lets you react quickly in case of unexpected situations
• Helps make informed decisions
• Fulfils customer needs in the shortest time
• inspecting everything removes the chance of error and also loss
• Maintains high-quality standards also
• Reduces the demand for inventory storage wastage
• Eliminates the faults in delivering process also
The most important thing we should keep in mind before designing a logo is the creativity. Basically, your logo should present what your entity exactly do. For example, if you are thinking of designing a logo for real estate, ideally, buildings or towers should be a part of logo. However, latest trends are keeping the logo very simple and flexible which should be independent of background color. Also, logos today are including alphabets or name of the business itself as a logo. P.S client's requirment here is a crucial part and should be considered and understood before designing. All the best.
The panoramic view of the financial hub and some of the busiest streets around the global city were seen deserted and empty during the Covid-19 lockdown. It was the first time when a large amount of cash was burnt by few countries to evade the spread of the flu virus, and the stock exchange collapsed overnight. The virus shooked the economy of the entire world from the core.
Post Covid-19, the economists and think-tanks would look for ways to patch the financial crisis. It is assumed that the business facilities will not operate in the same fashion as it used to be, and business owners would change their working protocol to deal with such unprecedented incidents.
1) Agile manufacturing unit ( Pharmacy, chemical, Automotive, etc):
Manufacturing units that largely rely on manual workforce would certainly look for alternatives after the corona crisis. They may start investing heavily in the automation process and robots to keep things rolling. The worker may be trained to work remotely with augmented reality technology, or IoT enabled devices. The employees might be kept at a safe distance from each other within the unit, and strict norms for maintaining good hygiene may get enrolled. The thought of 3D printing might become prevalent, and researchers would be asked to develop the ideal working model for future crises.
2) Retail industry:
The retail industry may be the worst hit by the Corona pandemic. They might take upto 12- 18 months for complete revival. Not all retailers can afford to have online trading websites; they still depend on local buyers. Post Covid-19, we might see these retailers adopting new models to survive and deliver goods to our doorsteps. They may be seen adapting to the concept of direct-to-consumer delivery and taking orders on phone-calls. The only precaution that consumers have to take is that the delivered goods have not come in contact with the virus in any means. Another concept that is taking shape is BOPIS (buy online pick up in-store). In BOPIS, the consumer orders goods online and decide the place of pick-up. The pick-up place could be a store or even a predetermined pick-up location. The BOPIS shoppers can eliminate the shipping charges usually encountered during online purchases as well as dependency on third-party for delivering goods.
3) Banking and financial sector
Post covid19, if you visit a bank and if you see fewer people working on desks, smaller branch networks, and fully digital mortgages, then you should not be surprised. This could be a permanent change in the banking and financial sector. The employee's physical presence would be reduced and encouraged to work remotely. The consumers are expected to embrace the online transaction and inclination for digital solutions. From the operation perspective, there will be a flow of short term loan applicants, as post Covid-19 small businesses surviving on thin budgets may rush to financial institutions. However, the risk of bad loans also looms as the sectors like SMEs, restaurants, travel and hospitality, food industry, etc. may extend the loan repayment deadline. In the middle of all these uncertainties, the banking strategic planning and risk calculation both would be tested.
4) Supply chain:
The supply chain is an integral part of any industry. After the Corona outbreak, the companies would like to diversify supply chains from a geographic perspective to reduce supply-side risk. The supply chain can also adopt the following strategy for its business amidst the Corona outbreak.
( Image source: Supply Chain Digital - The Procurement & Supply Chain Platform)
5) Real estate and construction:
The construction site involves mass workers working in close proximity. Post Cov19, the site contractors have to enroll strict safety measures and work ethics to protect the laborers. The workers should be equipped with trolleys and equipment that reduce the dependency of other workers. The gloves and mask could reduce the transmission to a large extent. Besides that, throughout the day, laborer's health has to be tracked.
6) IT and service sectors
The IT industry and service sectors are fortunate; they can enforce work from home concept on a full scale. About 90% of the IT industry workforce is operating from their home during Covid-19. However, the impact of Covid-19 cannot be ignored. The delay in a project delivering time and acquiring new projects may be some common issues the IT industry may face. In the future, the IT industry might be seen investing in the latest collaboration tools, hybrid or multi-cloud computing, and high-speed 5g internet in their infrastructure. Besides that, the other technologies that would excel post-Covid-19 maybe SaaS App and VDI streaming. These apps empower corporations to give virtual access to the desktop for employees (via VPN). It takes less set up time and quick deployment of remote infrastructure.
7) Oil, natural gas and energy sector
The energy supply is generally considered as a matter of national interest. The storm of covid 19 had convinced administrators to take more initiatives towards renewable energy. Post Covid-19, some countries may actively promote solar energy for domestic and industrial purposes. The extraction of oil and natural gas demands a lot of man-force, and in circumstances like Covid-19 the government and private firms see solar panels and other renewable energy resources as viable solutions. It will not risk employees' lives but reduce the load on conventional energy sources like coal and natural gas.
8) Mining Industry (Minerals and natural resources):
Natural resource mining is another labor-intensive industry. With compressed air and heat, the place is even more vulnerable to a pandemic like Corona. Essential metal like Gold, lead, manganese, zinc, etc. as great market value and pivots the global economy. In the future, crisis management and employee safety rules in the mining industry may get revised. It is possible the worker load may reduce with high-tech machinery and strategic planning to prioritize the on-site presence of the workers. They might segment the workforce into small clusters, and put them into a job site after all necessary health check-up/ sanitization processes.
The other industries that will see a downfall are the travel and hospitality industry, event industry, hotel industry, aviation industry, entertainment industry, SME’s, etc. Their business deals directly with consumers. They may take longer than other industries to revive, as the government may allow only those businesses initially that are quintessential and generate immediate near term revenue having less human interaction.
Google definitely penalizes publishing duplicate content. Nevertheless, when useful content with authoritative permission is re-published for the goodness of the users and spread usability, it is indeed valued. It is called content syndication and it is one of the most prominent approaches to market a business digitally. It covers re-publishing web-based content by a third-party website and can include blogs, articles, infographics, images, videos, and more.
However, it is not new, but Content Syndication is a super-effective technique for marketers these days to increase the reach of their brand awareness in public. It also helps in building links and driving more traffic to the original article.
Marketers are benefitting with the strategy of recycling their online content and apparently turning to some good conversions as well. Today, content syndication has become a core lead generation tactic. Digital Marketing practitioners are making their syndicated content more SEO-friendly, ensuring that it is correctly indexed, on their site as well as on their partner’s site.
Content Syndication for Business Marketing
Probably, you have decided to use your own company’s blog for content marketing and promotion like all other company’s do. When you see that zero people are visiting your blog despite having a good content marketing plan, you will jump to spend time on content promotion and SEO to help new readers find your site or blog. This process will take longer to start showing real results.
Content Syndication, on the other hand, makes your content only a promotion mechanism and get you more quickly in front of your esteemed audience. Content can be syndicated fully, partially or just as an excerpt.
For example, when your article is syndicated on another website, you will still be credited as the original author. There is always a link back to your website or the original article, along with a canonical link. Hubpages, Scribd, Facebook, Twitter, and YouTube are some of the top free content syndication platforms that are widely used today.
Popular Outlets for Content Syndication
Here are a few places that you can consider to syndicate your brand’s content.
· Social networks
· Syndication-friendly multi-author blogs
· Blogging platforms
Benefits of Content Syndication in Business Marketing
# Expanded Audience:
Some of the leading syndication sites have more than 100,000 social media followers. This can help you in skyrocketing your subscriber rates.
# Implicit Promotion:
On the places where promotional blog articles are strictly prohibited, you can include your website’s link in the author bio or in social media profiles. You can also add the call-to-action buttons linking to the landing pages on your website with your content.
# Better SEO:
The right opportunities to content syndication provide author bylines. It includes a link back to your website.
# More Lead Generation:
If you would carefully target the syndication websites to match the sites that are already liked and read by your buyers, you can expect a good number of qualified leads expanded significantly.
Content Syndication is best to get referral traffic. Most websites that are republishing your content tell the readers about the actual source of the content and link back to it. If readers like the syndicated part, they will click back to your website for more. Most businesses get tons of referral traffic in this way.
Your website is one of the main assets for your business and an important tool to communicate with your audience. With that being said, having a website becomes must for every business. But that doesn’t mean it is a must to have technical knowledge in order to build a website. You can do it yourself with the help of any. Let’s have a look at some of the top benefits of a content management system for your business.
Let’s accept it! Not all users have the same knowledge of technology. But, CMS demands no technical knowledge. It works on the simple concept of writing and publishing content along with adding media. Anyone who is using word-processing software can use CMS for the basic functions.
With a website building non-CMS platform, it is hard to even think of changing anything on the website. Whereas, CMS allows site maintenance without any difficulty. In that case, you don’t have to start everything from scratch.
CMS believes that a website is a collaborative effort of many people; from the ones who add product pages to the ones who write blog posts to content marketing people. With CMS, it is easy to manage roles and give them publishing permissions.
If you are website is not built on any CMS platform, then you must be aware of the struggle of changing designs. But with CMS, there is no such struggle. It makes the entire process of changing the site design easy. This is because the CMS keeps both the aspects of design and content in separate virtual boxes.
All the above-mentioned benefits sum up that by choosing CMS development, you remain in control. Instead of outsourcing and relying on a development firm, you get control over your CMS website. That puts you in the driving seat when it is about the most important business asset, i,e., your website.
So, these are some of the top benefits of having a CMS website. I really hope it helped you decide whether or not CMS is the best option for your business. And if it does, then I leave the work of on to you.
We are mindful of the reality that the Coronavirus outbreak has shaken the economy, and we would have to face severe circumstances of this situation in the near future. Companies across the globe have started taking measures to come up healthy after the pandemic ends. Unanticipated twists and turns will be exposed with each news cycle, and we will only have a complete picture in retrospect.
Based on the on-going analysis, I have enlisted some of the learnings that could help businesses for responding to unfolding events, communicating, and extracting and applying learnings.
Update and Modify Plans Regularly
Events are disclosing with astounding speed to date, and the picture seems to be changing daily. So in such a dynamic world, the best we could do is keep track of the changes taking place in the surroundings and, respectively updating or reframing the overall perspective.
Be Cautious of the Hype Cycles/News Cycles:
News channels often focus on what’s new rather than the big picture, and they sometimes don’t distinguish between facts and rumors. When exposed to rapidly changing information, whether it is the latest technology or an emerging crisis, the company should be prepared to focus on weak signals, then to emerging issues. By concentrating on weak signals, the organization gets to have a calibrated view of their existing problems and finding a solution to it.
Pay Less Attention to Spreading Information
In our connected world, employees have direct access to many sources of information. They further forward this information with their colleagues, which might not always result as productive for the company. So, the companies should ensure that the employees do not invest much time in creating and spreading such information.
Looking at the sudden downfall in the economy, it is crucial to make your business future-proof by adapting the latest business models and technologies. It is a prerequisite to thinking two steps ahead while continuing to deal with the current situation. Companies need to plan on how they could better position themselves and recover after the outbreak. It is an opportunity to improvise existing business models and strengthen the business’s core competencies.
Redesignate or Train Employees
Organizations must continue to upgrade the skills of workers and efficiently utilize workforce resources. Businesses can enhance their employee’s capability and productivity by using human resources. Firms should focus on reassigning employees for research and development to identify new business opportunities. These opportunities will enhance the existing business services and give rise to upcoming business opportunities.
Maintain a Budget To Ride The Recovery Wave
Maintaining cash flow is one of the most crucial parameters for unforeseen expenses. Most of the companies worldwide are dealing with monetary issues and facing difficulties in managing the resources. Hence, it is advisable for businesses to prepare, plan, and fund their cash cushion. The organizations should save enough capital considering the available credit, payroll need, riskiness of the business, and various other factors.
Start Prepping Up in Advance for Next Crises
COVID-19 is not a one-off challenge. Organizations should expect additional phases to the current epidemic in the future. By conducting an in-depth analysis of the current on-going situation, it has been evident that preparation and preemption are the keys to success. The time is right to start thinking about the effects of the pandemic on businesses and taking active measures to prevent it.
As discussed above, it is still a challenge to know what the future holds for us, but proper analysis and planning would help your business survive. Research says that half of the Fortune 500 companies were started during a bear market or recession. So, the point here is that if the organizations utilize their resources in a futuristic manner, they could come out strong through the crises.
Your brand helps people better to identify your business than anything else does. It makes your customers recognize your business like Nike ‘swoosh’, the golden arches of McDonald's, or the apple used by Apple Computers.
It is not just about your company’s logo. Still, your brand reflects in everything from your business card, staff uniforms, customer service style, and even the premises to your advertising and marketing materials.
By definition, branding is a marketing practice in which a company develops its name, design, and the logo that is easily identifiable by all. It helps to distinguish its products from other products and services available in the market.
A well-drafted brand plan focusses on the brain's trust of an organization, resources, and tactics implemented in order to make their brand achieve its goals. Marketing is about numbers, but branding is more about emotions, and how your clients and customers feel about your business, your products and services.
Reports reveal that 89% of the brands stay loyal to brands that share their values. On the other hand, 70% of brand managers consider generating an audience more important than sales conversion. This is also true that over 73% of consumers love a brand due to their helpful customer service.
Types of Business Brands
The variety of brands you select can guide your business decisions and you have to incorporate this into your entire business planning. Different kinds of brands suit different types of products and services and will prove appealing to different customers. Here are a few examples of different types of brands:
· Individual brands
· Service brands
· Organization brands
· Personal brands
· Group brands
· Event brands
· Geographic place brands
· Private-label brands
· Media brand
Branding Strategies are important
It is quite evident that a brand distinguishes you from your competitors by making you more recognizable to the customers. It provides a clear purpose behind why the customers are being engaged and how you are doing so. When a business follows a cohesive brand strategy, you will be able to communicate with your customers more clearly.
Your brand sums up how it is perceived by your customers as a company, products, or services. Therefore, your brand strategy should guide every way in which you interact and communicate with your customers.
Online Brand and Reputation Management
If you own a good reputation, it means your customers trust you and feel good to buy your products and services. It comes with the constant effort of brand and reputation management for years. Brand and reputation management is actually the process to shape the way the public looks at your business to match the way you look at it.
Online tools to manage your brand’s reputation will give you results sooner than expected and you can keep track of your progress as well.
· Online reviews – Positive customer reviews encourage other customers as well to buy your products and services.
· Feedback and business improvement – You can ask your customers to send their feedback and testimonials over the services they are given or the products they have bought from your company.
· Competition monitoring – Millions of businesses can be seen fighting for some similar kind of keywords in the market. Your instinct to identify the right places of advertising your products and use the most critical aspects of your online presence will help you get over the competition.
· Social media engagement – Social media posts are easy to comment on and share if you have an engaged community. This makes your posts go viral and reach a maximum of your customers.
Branding is essential for all growing businesses. The positive reputation of your brand builds loyalty and it increases customer confidence in your brand and product that ultimately enhances your business sales.
Microsoft Power Apps and Oracle Apex are one of the best platforms to build mobile applications.
PowerApps is an app development tool for mobile and web apps. This app development tool that enables its users to build mobile apps that run on Android, iOS, Windows, and with almost any Internet browser. On the other hand, Oracle APEX (Application Express) is a low-code app development platform that allows its users to create expandable, secure enterprise apps, with world-class features, that can be deployed anywhere.
To understand which of these business services tools is best for business users, we need to figure out the pros and cons of both these tools. Many of the users who have tried and tested these tools have provided reviews according to their usage.
Microsoft Power Apps:
Amongst Microsoft Power Apps and Oracle Apex, pick the one that best suits your requirements. To make this task easier for you, I have created a table of various features of both these apps.
Hence, the selection will not be an issue once you go through the data mentioned above. Furthermore, you can compare all the pros, cons, and other aspects of both the tools and select the one that best fits your business.
We have to admit that business has matured over the years. The time-period for business deliverables is reduced, and users' expectations are met without compromising the quality. The product resonates well with the market demand, and the cost of conducting business is reduced. All these became possible because business owners have adopted concrete development procedures and methods to understand the user' s/client expectations. One of these methods is a Business Requirement Gathering procedure.
The requirement gathering is essential, and it is not just applicable to business alone. It can be well understood from the NASA example. NASA lost its $125-million Mars Climate Orbiter when it tried to enter the orbit, just 100 kilometers too close to Mars. It failed because of poor requirements management: it was not determined earlier in the stage whether the 'navigation software' required imperial units or metric units. The attitude-control system was specified using imperial units, but it's navigation software used metric units.
What is requirements gathering-traceability?
In any business corporation, every new product, every new project, and every new activity in the workplace is created in response to a business need. Any flaws or gaps in understanding the need may hamper the business outcomes, and it could easily deviate business from its primary objective. The method or process of understanding and documenting the business requirements given by clients is known as requirement gathering.
Based on these requirements, the product or service is developed. Business analysts and subject experts are responsible for gathering requirements.
The requirement gathering is an essential step for any business product or project; mainly, in software development, it is an important step. If requirement gathering and documenting (BRD) are not done correctly, then it could lead to bizarre product development. The requirements must be broken down into sufficient detail so that the project team can estimate the effort for implementation and assure that the requirements are indeed feasible.
The requirement traceability ensures each requirement is tied to actual requirements and deliverables. Usually, the project team implements the requirements in order of priority, starting with the most important ones.
Requirements must be traceable. It means for any requirement; one must be able to ascertain its source and its realization. Down the line, during software testing, the tester uses the requirement traceability matrix. It requires an entirely separate session to cover that.
Benefits of requirement gathering
The most significant advantage of requirement gathering is that it lets you focus on features NOT to implement for your business model.
How to find out business requirements
There are also other secondary sources of business requirement gathering, like user interviews, market research & survey, prototyping, questionnaire, and so on.
Amazon, Google, Microsoft, and VMware are some of the popular organizations that provide top-rated cloud services and virtual technologies.
Cloud computing saves you from managing your important files on a local storage device. Instead, it lets you save them over the internet.
In cloud computing, your digital data is stored in logical pools or a set of clouds. If you are not sure about this type of storage service, then do read the following sections.
Let us assume that a user possesses three devices: a laptop, a desktop computer, and a mobile device installed with Dropbox, as one of the most trusted file hosting services. (You can use any cloud-hosting service available on the Internet). If a single file is shared on all devices, then there will be total of four copies of that particular file i.e. one copy on each device and the other one on ‘cloud’.
Saving the file on any of the device will update the changes to the cloud by detecting the most current version of the file with the help of few algorithms.
The cloud storage providers do not just sync the files, but also make them available to other persons in the network to share. The cloud copy then becomes accessible to a third party through public and private links.
Public link lets anyone to access a file or folder, but the private link is only accessible upon invitation where the invited users are required to create an account with the cloud storage company.
So, cloud computing is easier to manage and now, the majority of businesses are turning towards cloud-based solutions.
To understand the key advantages of cloud storage solutions, check out the comparison table given below;
Companies spend enormously over software development and installation solutions for the betterment of their operations. Cloud computing enables your business to access Internet-based software programs to serve themselves and their clients. It has been proved as the safe & secure way of storing and sharing data. Let us have an insight on how your business can benefit using Cloud Computing solutions in the long run.
1. Cost-Effective: Cloud computing is cost-effective when you are charged based on the features, number of users, storage, time, and memory space for computing activities. A suitable package can be chosen as per your budget.
2. Flexibility: It is a flexible solution for all businesses with growing or fluctuating bandwidth demands.
3. Disaster Recovery: It comes with robust cloud-based backup and recovery solutions that save time, and huge up-front investments.
4. Scalability: Scaling cloud computing services bring you additional storage space or features whenever you need them.
5. Data Security: Storing data on the cloud is safer than storing it on data centers and physical servers. It also facilitates remote accessing and editing data from any device.
6. Improved Collaboration: Cloud computing eliminates redundant and repetitive tasks like data re-entry. Thus, it improves the level of efficiency, and collaboration among the employees of your organization.
Cloud Computing has brought a remarkable change in the IT and business sector in the past few years. Businesses have now identified that cloud applications can resolve many of the complex issues like; time, cost, space, and power control. Hence, majority of them are turning towards cloud-based solutions. If you are still on the traditional path of computing, take your business to ‘cloud.’