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Showing posts from December, 2020

What is the Future of Procurement Software?

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  Cloud technology has opened up new avenues in which businesses deploy enterprise systems, as procurement enables a new level of communication and collaboration that empowers e-procurement innovations in sourcing, supplier management, and the entire purchase-to-pay process.   A well-designed cloud-based system provides new flexibilities that enable businesses to enhance business practices in a much more seamless way that moves them steadily through the journey to better control business systems. Nowadays, ERP tools are not only advanced but complex to work with, as they mostly complicate the process of comparing ERP data with that of non-ERP ones. As cloud technologies are integrated within this procurement software, it has not only become complex in its structure, but interfaces are simultaneously combined with systematic platforms, as this procurement software can easily be purchased at an affordable price rather than creating them. Even the smallest of tasks, such as p...

7 Common Inventory Management Mistakes and How to avoid them?

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  Inventory is one of the most crucial and important components in retail and wholesale businesses. Poor inventory management leads to stockouts, shipment delays, customer dissatisfaction, and eventually financial loss.   However, what is a poor order management service like? Following are the seven common mistakes made by retailers and wholesalers.           Conducting inventory counts once a year          Holding off too much Inventory           Using manual techniques           Not keeping your storage space organized           Not training your staff properly           Not enough of a game plan for the future           Not using good vendors ·         Conducting inventory counts once a year Performing inventory counts once a year isn’t effecti...

Customer Engagement: Why It Matters In This Pandemic Era?

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  In an era of pandemics like COVID-19, this year has been different from the past. Storefronts went digital, kitchen tables turned into conference rooms, and how we live, work, and shop has turned upside down. What hasn’t changed totally for businesses is outstanding customer engagement. According to the current scenario, 80 percent of consumers revealed that both the businessmen and their client experience remain as important as their products. How to deliver those differentiated customer support services transformed as life moved online and economic uncertainty moved in. The latest customer report, according to Forbes, indicates that 15,000 consumers and business buyers provide invaluable insights for business leaders navigating their paths back to growth. To take the discussion deep, some of the pointers that came to mind that can increase customer interactions are as follows:. Earning trust pays dividends. Empathetic, unified teams build differentiated engagement.   Corpo...