ERP Deliverables What to Expect When Implementing ERP
A project is considered successful when the quality outcome is achieved, which is measured by the deliverables. It is necessary to break down a complex ERP implementation project into distinct phases using actionable deliverables, and hence knowledge of deliverables become crucial Every phase must have a milestone before moving over to the next stage, and […]
How to Upgrade AX to Dynamics 365 FinOps
Upgrading from Dynamics AX to Dynamics 365 FinOps has been imminent for all businesses running on AX, with mainstream support for AX (2012 R3) ending in 2021. And with everything going digital and cloud-first, it makes sense to upgrade from the on-premise business solution to the cloud. Upgrading a complex ERP system looks very difficult […]
How Kanban Makes ERP Implementation Easy ?
Kanban has its origins in Japanese Manufacturing for managing product delivery by emphasizing continuous delivery. Kanban is visual, it enhances workflow and improves quality and throughput by reducing Work In Progress and abusing bottlenecks. Prevent Overburdening — Pull work through the Kanban Board when there is capacity available Better Transparency — Everyone is always aware […]
Should Companies invest in ERP + Commodity Management Solution?
Many companies have started investing heavily in Commodity Management Solution (CMS), emphasizing having one central system that can function in both ERP and Commodity Management solution. However, businesses are not entirely convinced that they are unlocking the full benefits of their investment. But suppose the company has the right tools. In that case, it can […]
Why an Integrated ERP + Commodity Management Solution?
Let’s assume you are a commodity trader in Brazil and close a deal with a Japanese customer. With goods located in Vietnam and have to ship to Japan and now, the Japanese resell them to a client elsewhere in the world at a different price. While this is happening, the currency in one of these […]
Things to Consider While Replacing Your Legacy CTRM System
Those old baggy jeans are very comfortable. No matter how much you love them, you’ll have to consider replacing them. Softwares are no exception. They might still serve the purpose, but automation and integration to new-age tools might become challenging. Updating legacy systems can be a complicated process with a lot of things to consider. […]
Processes and Technology in Commodities
Disruptive events in 2020 have led businesses with no choice but to innovate and improve. Implementation of automation and technology is less challenging than finding the apt way and correct process to implement. Data visibility, managing operations, and mitigating risk need analysis and identification of a specific problem to offer a complete solution in terms […]
Commodity Management in Post Covid World
COVID has made this world a different place altogether. Last year with China shutting down, supplies were majorly impacted, and then production worldwide with lockdowns resulting in end consumer in these value chains equally affected. Even before Covid-19, price fluctuations, taxes, and regulations were already heaping stress on traders with few trading margins and discouraging […]
Technology’s Role In Managing Risks In Commodity Trading
Commodity producers, traders, and consumers all face a volley of risks such as price exposure, operational and market risks — the risks of supply chain operational issues like traceability, regulatory and compliance, exchange, and interest rates expose the commodity markets to a significant financial risk. Managing Risk is an exemplary aspect and key to success […]
How Digitization And Digitalization Helps In Commodity
Digitization describes the digital conversion of existing data and documents, such as scanning a visiting card QR Code and saving in a phone book. The data itself is not changed; it is just a digital format. If digitization is a conversion of data, digitalization is a transformation and processing of that data. More than just […]