ERP

How to achieve Digital Transformation? How to create Digital Transformation Strategy?

How to achieve Digital Transformation? How to create Digital Transformation Strategy?
Digital transformation is a fundamental reality for businesses today. Organizations of all sizes realize that to delay digital transformation further is to risk obsolescence. And it is up to a company's leadership team to commandeer this revolution while ensuring business continuity! - Warren Buffett, Chairman and CEO of Berkshire Hathaway   What is Digital Transformation? In this age, which is driven by Information Technology, businesses must adopt new and emerging technologies into business processes and organization strategies to survive the fierce competition. Digitization is ...
Read More

What is management by exception? How to implement it with Spectrum ERP?

What is management by exception?  How to implement it with Spectrum ERP?
What is Management by Exception? Management by exception primarily focuses on identifying and handling cases that deviate from the specified acceptable norms. It implies raising a flag, in situations that might cause difficulties to the business. It involves determining the reasons for an exception, resolving the causes and handling deviation with the help of skilled staff and management guidance. How you can set up "predetermined rules" for your business?  Spectrum ERP measures and monitors your business activities in real-time. It also allows you to identify a set of business activities a...
Read More

Why is speed important for a business to succeed?

Why is speed important for a business to succeed?
"Speed is the New Currency of Business" - Marc Benioff - Chairman and CEO Salesforce Why is speed important for a business to succeed? Business is all about Speed they say!  But before we get into how or why speed is critical for any business to succeed, let us understand what exactly is speed in business. What is Speed in Business? In terms of Business, Speed essentially means how quickly your business performs. What is your turnaround time? How soon do you respond to prospect queries, clients requirements, customers feedback etc. In terms of a typical manufacturing business, it will m...
Read More