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Small companies often face a dilemma in deciding how to invest for the greatest return. In pure startup mode, businesses must invest in an operational foundation that will directly build the business.Decision-making is driven more by gut feel than data and hard facts. These methods may be effective in early...

What is Consignment?If you’re looking for a convenient way to sell your jewelry, try stores that offer consignment. Different kinds of stores offer consignment services (sell jewelry on consignment). This convenient service allows you to buy or sell jewelry.Consignment is when you entrust a store that deals with jewelry and...

What is the cloud? The concept of cloud computing was introduced in the mid-2000s. It started as a way for businesses to rent IT infrastructure and computing power ("infrastructure as a service") and access software at a massive global scale. This first chapter of cloud was...

Machine learning and artificial intelligence (AI) have the potential to reshape the world as we know it. Due to the exponential advancement in these areas, the world ten years from now could be nearly unrecognizable compared to now. However, there is no doubt that artificial intelligence...

One of the main worries when businesses are thinking about implementing a new Enterprise Resource Planning (ERP) solution is the cost. The cost of purchasing a new platform, the cost of migrating all of the information between the old and new applications, and the cost...

Any system is only as good as its implementation.Organizations need to not only recognize and understand the success drivers, but also to take action on related preparatory recommendations that support them.Unfortunately, some companies view ERP implementation as simply a software system and the implementation of...

Every business, regardless of size and industry, needs proper methods in place to keep the business organized. After all, the organization is necessary to be able to run the business effectively and turn a profit. This is where Enterprise Resource Planning (ERP, wiki) software comes...

Digital transformation is big business-very big business. According to IDC, worldwide spending on digital transformation (DX) technologies is projected to be more than $1.2 trillion in 2017, an increase of 17.8 percent over 2016. IDC expects DX spending to maintain this pace with a compound...

It’s not news that ERP features for manufacturing SMEs help companies solve their operational issues, both large and small, on whole new levels. Integrating an ERP system into your manufacturing operations can be an indispensable strategy for reducing costs, optimizing production processes, and significantly increasing...

Debating whether you should upgrade your ERP system?Businesses often spend considerable time internally debating whether or not they should update their ERP system to the latest version, with many unsure just how they can tell whether the time is right or not to sanction an...