Small And Medium Business’ Secret Weapon

Small and medium enterprises (SMEs), also often referred to as small and midsize businesses (SMBs), have a tremendous advantage over larger enterprises and many don’t even know it. Because of SMEs’ energy and agility, they are more able to adapt to changes in the marketplace, adopting and implementing ERP solutions and emerging technologies to give them an operational advantage over larger enterprises.

SMEs are not subject to the same bureaucratic processes that corporations and other large enterprise have adopted over the years. Winning customers over with a more modern sensibility and customer-centric approach, SMEs can perform when they need to and turn on a dime when the market demands it. With larger enterprises, the adage of a big ship takes longer to steer fits appropriately alongside industry examples. Their size makes them far more able to weather storms, but less capable of maneuvering. Therefore, SMEs should be getting on board with ERP software platforms and modern automation tools to make their jobs easier now, before their current systems are outgrown at a time when operations can’t afford to be put on hold for an implementation.

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New Epicor 10, 9, Vantage, and Vista Support System Released

We’ve been communicating with our customers over the past few months to inform them that some pretty big changes were coming their way. The changes concerned updates to Epicor’s customer support policy. Those changes to Epicor customer support are now in effect. If you currently employ Epicor software in the operation of your enterprise, these changes could affect your level of support. Depending on your current version of ERP, you may find support considerably less comprehensive. This is a result of Epicor support rerouting resources to newer versions of ERP.

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NetSuite Structures Human Capital Management To Fit The Build

When it comes to your human capital, managing your resources and putting them to use in the most efficient manner can become a cumbersome task, especially as operations scale. Fortunately, managing the needs of all departments within an organization becomes more fluid as automation of tasks and administrative duties, calculation of taxes, payroll, and peripheral finances are streamlined. The instances of human error and financial losses incurred from inaccurate data are reduced significantly while performance soars with unified business systems, like NetSuite.

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SMEs In Industry 4.0: IIoT Cybersecurity, Automation, And Cloud-Based ERP

Manufacturers are implementing technological advancements to enhance automation processes every day. We call this latest wave of rapid development Industry 4.0, the fourth industrial revolution. While modernization presents numerous opportunities for growth and process enhancement, experts are increasingly aware of their need for heightened security in an increasingly insecure digital landscape. Manufacturing and other industries are taking a closer look at cloud-based ERP and unified systems to address vulnerabilities.

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What Every CEO Should Know When It Comes To An ERP Implementation

When it comes to directing the future of a company, CEOs have to understand the necessity and difficulty in choosing the right ERP solution for their business. Not only does the solution need to fit the industry, but it must be one that a workforce can adapt readily to avoid any lull in services being delivered to customers.

a photo of a checklist being marked with a red pen.

The Implementation Journey Is An Exhaustive One And The More Preparation In Place, The Better.

The journey is an exhaustive one and the more preparation that can be put in place prior to an implementation, the more likely your success. To help avoid banging your head against the office wall in frustration, here are a few suggestions that will help ensure you make the right decision when it’s time to upgrade to a quality ERP solution.

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The Chief Robotics Officer, RIOS, And Robot Personhood

With the industrial robot population on course to reach 1.7 million by 2020, enterprises the world over are reevaluating how they approach managing a mechanized workforce. To address modern manufacturing operations’ increasing reliance on automation and robotics, the C-suite is preparing to welcome a new designation among its ranks: Chief Robotics Officer.

A photograph of an executive or scientist commanding a humanoid robot

Tthe C-Suite Is Preparing To Welcome A New Designation Among Its Ranks: Chief Robotics Officer.

Addressing An Increasingly Automated Workforce

While the concept may be a new one, a study conducted by Myria Research, a Massachusetts-based research and advisory services business, puts projections of the emerging CRO position in 60% for Fortune 500 executive teams. Beyond that, the Chief Robotics Officer Research Scenario predicts the Robotics & Intelligent Operational Systems (RIOS) technologies market to reach $1.2 trillion globally by 2025. The figure is tremendous when compared to the firm’s $63 billion market valuation in 2015. However, companies cannot afford to discount the increasing prevalence of RIOS in their own daily operations as well as those of their competitors. The projections include full hardware, software, and services segmentation in the figure, which represents a 30% CAGR to 2020 and 40% from 2020 until 2025.

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How ERP Systems And Automation Affect The Future Of Jobs

The common misconception about automation is that in the long term it will cost more jobs than it creates. The fact of the matter is that this is simply not true. Automation, working alongside effective ERP solutions, provides workforces the freedom to become more specialized and efficient. Automation works in tandem with ERP to conserve resources and take the mundane and repetitive tasks out of the picture.

As a result, the human component of businesses can take on more logical, critical thinking-oriented tasks. This adds value to the business by strengthening the quality of care customers receive and nurtures the satisfaction employees receive when they occupy more critical and appreciated roles in their careers.

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How Proposed Metal Tariffs Will Affect US Metals Production, Robots, And The Price Of Beer

New tariffs on foreign materials are likely going to affect industries that employ millions of Americans. Beverage and robotics manufacturing are just two of the affected industries, but these two will be among the segment most heavily affected by the new tariffs on imported building materials. The tariffs recommended by the U.S. Commerce Department apply to aluminum and steel imported to the US from abroad. The tariffs reach as high as 53%, which could pose a big problem for industries relying on these essential metals for manufacturing purposes.

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How Small And Medium Businesses Can Tell It’s Time For ERP Implementation

It can be difficult For small and medium businesses to identify when it’s the right time to abandon internal systems, or implement if none exist, in favor of a complete ERP solution. Shedding siloed data structures and cobbled solutions that end up costing more in time and resources than they are worth can bring small and medium businesses into a new era of action.

ERP systems are the ideal solution, allowing small and medium businesses to compete with larger enterprises thanks to the more efficient use of company resources, more intelligent data, and improved analytics of day-to-day operations. Up to this point, small and medium businesses may have been able to operate on home-grown systems or just on-the-fly approaches to operations. However, these attempts to run a successful enterprise can only last so long. Eventually, serious hurdles will emerge and lead to setbacks. If left unaddressed, these setbacks can grow into more debilitating issues. Here are some indicators small and medium businesses can use in identifying that the time is right for an ERP implementation.

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Small And Medium Businesses Turn To Cloud ERP For Agility In Operations

When the goal is to be agile both on the shop floor and in the marketplace, manufacturers need tools that allow them significant maneuverability. ERP systems have traditionally been the biggest component of operational adaptability when circumstances change behind the scenes. Cloud ERP is one recent example of innovation in Industry 4.0 that has reinvigorated the manufacturing space for enterprises of every size. A survey by Technology Evaluation Centers revealed Epicor ERP ranked as the top solution for growing small and medium businesses.

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