Britain has a problem with productivity. This has been a notable concern for several years and is highlighted each time The Office for National Statistics releases a report. Productivity is measured by recording how well a country is delivering its goods and services and how well it manages its buying and selling activities. Ultimately, it’s the old gauge of input versus output. But Britain is not getting it right and seems to be struggling to improve its productivity levels.
The EU’s General Data Protection Regulation (GDPR) comes into effect on 25 May 2018. Regardless of Brexit, UK companies need to comply with this new regulation or suffer very harsh consequences in the form of hefty fines. This new regulation is the biggest change to occur in data protection regulations in 20 years and complying with GDPR is no small feat.
Most companies in 2018 generate data. Some companies might generate more than others, but the importance of data is in its quality, not quantity. Not taking advantage of the potential benefits your data provides can leave you playing catch up with competitors and hurt your bottom line.
Topics: Business intelligence
What type of ERP (Enterprise Resource Planning) solution are you currently using? If you’re using a legacy ERP solution with bolt-on business intelligence (BI) tools to assist you with better analytics and reporting functionality, then you’re not alone. This is the typical set up of many companies. But that doesn’t mean it’s the best set-up for your business.
Topics: Cloud computing / SAAS
The number one demand of ERP users is 'agility' - but why are so many businesses choosing ERP solutions that don't measure up?
As a food wholesaler you will know that your largest costs lie with stock inventory. Keeping costs tight means striking a perfect balance between stock, storage and demand while taking a keen oversight. So how can you tread the fine line needed for advanced inventory control?
Food and beverage
Topics: Business Intelligence
Maintaining 100% fulfilment rates is an impossible task, right? Piffle. With the right processes and technology, it's not only attainable - but sustainable, too.
In an industry rife with copious regulations, members of the food and beverage industry must carefully monitor quality and performance. “[L]aboratory data is mission critical inside any food manufacturer that relies on analytical testing for quality assurance, consistency, and compliance today, and profitable product innovation in the future,” writes Phocas customer Colin Thurston, the director of product strategy for Thermo Fisher Scientific. Thurston further explains that real-time visibility is essential to operations, as early identification of problems within the supply chain, such as tainted raw materials, could save a company thousands or even millions of pounds. In this blog, we will discuss five ways Business Intelligence (BI) benefits companies in the food and beverage industry.
Topics: Business Intelligence
Buying a new product or service these days usually means doing a lot of extensive research. Before we invest in a new purchase, we’re practically expected to become an expert in what we’re buying.
But trawling through forums and brochures to inform and guide our decision can take a lot of time.
So when it comes to selecting a service that’s closely connected to your business’ data and continuity, like an Enterprise Resource Planning (ERP) solution, what’s the most efficient and timely way to carry out background research and references?