In 1969, the largest computer company in the world at that time, IBM, decided to unbundle its software from its hardware. This opened up the world to a new business – the independent software vendor – and led to partnering between different vendors. By the 1990s, many IT companies were establishing formal partner or alliances teams to ensure that the partnerships they entered into [...]
The world is still reeling from the effects of the COVID-19 pandemic. For most manufacturers, supply chain disruptions highlighted the need for increased connectivity and improved engagement with both suppliers and customers. The impact of those disruptions has also been far-reaching. A good example of this can be seen now as the global automotive industry faces a global chip shortage. In fact, some analysts [...]
2020 showed the world that the remote workforce could become the new reality with the right systems in place. Besides the rise of virtual collaboration, many businesses have been exploring the option to fully automate a number of business functions to avoid future disruptions. The question is – what do all of these changes mean for the workforce? (more…)
As we enter a new year, research shows that optimism and business confidence is returning amongst manufacturers and distributors. This is based on a survey that we conducted last year around the CFO 4.0 manufacturing executive. The survey presented strong evidence that manufacturing industry CFOs are looking beyond the current health crisis to see how their organisations can establish a sustainable recovery by taking [...]
As we come to the end of a tumultuous year, some writers have mused what we would do if we could reboot 2020. Reboot is a term that has become familiar through using computers. In the same way that rebooting a computer changes the way it is operating, when you reboot you change how you currently operate. It means to start something or do [...]
Global manufacturing and distribution sectors are set to shift. Since the start of the pandemic, industries have had to face increasing pressures, from supply chain disruptions to a shortage of business system accessibility and a lack of worker availability. While the ongoing struggle for raw materials continued under national lockdowns, the pandemic also acted as a catalyst for Industry reinvention. A good example of [...]
The definition of ERP Before we define ERP, let us start with the acronym which stands for Enterprise Resource Planning. We can define ERP as enterprise software that helps organizations manage their day to day business requirements. At a fundamental level, ERP brings together customer management, human resources, business intelligence, financial management, inventory, and supply chain capabilities into one system. (more…)
There is no denying that the Coronavirus pandemic is a disaster for global economies, but could it provide a silver lining for the manufacturing industry in Australia in terms of instigating a revival? Australian manufacturers have become aware of the need to urgently adjust their operational strategies and increase agility while maintaining continuity. It may feel like steering into a storm, but there are [...]
You forget sometimes that until 2020 a CEO’s job was to look at long-term strategy, review current performance and monitor the external environment. Now, as a result of COVID, CEOs are forced to change their frame of reference by getting involved in strategic decisions early and becoming more engaged in making major investment decisions. Recognizing the increasingly pivotal role of IT in this once-in-a-lifetime [...]
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