Four fundamental technologies to optimize business management
Technology has changed the way we do business. Nowadays business management is increasingly simple thanks to the ability to automate many tasks. This also has an impact on reducing errors and, of course, the economic costs. In other words, companies that adapt to new technologies are more competitive than the rest.
Given that make the technological leap is no longer a choice but an obligation, today we want to talk about the 4 indispensable solutions to optimize your business management:
This system is being rolled out in giant strides worldwide and, in many cases, there is already an obligation to do so. Latin American countries were the original pioneers, but now members of the European Union, the rest of America and some areas in Asia are also promoting the use of e-invoicing.
The reasons? The main motive is the economic savings, which can reach up to 80% compared to traditional process. Moreover, e-invoicing solutions allow users to automate the creation, sending and storage of documents, so accounting department tasks are significantly reduced.
Electronic Data Interchange
Known by its acronym EDI, it is now just another work tool for businesses in the B2B area. With this system it is possible to share documents and messages safely with any company, regardless of its size, technological capacities or location. This is undoubtedly one of the great advantages of EDI. In addition, this is a technology that provides traceability to each process. This is especially beneficial in the supply chain or businesses that outsource part of their production. As a result, all the links involved can work in a coordinated and smooth manner.
The cloud has crept into our personal and professional environment. For companies, working with cloud systems entails a drastic reduction in costs arising from printing and storage infrastructures. However, beyond the economic aspect, it is important to note that this system enhances teamwork, as several people can work jointly on the same document. In addition, it makes it easier to consult the files later. Nevertheless, it is also imperative to ensure that the system is reliable and secure, to prevent information loss.
CRP/VMI stands for “Continuous Replenishment Planning” and “Vendor Managed Inventory”. So, we are talking about a technology designed to achieve continuous restocking, especially beneficial in sectors such as retail or health.
The CRP system achieves full synchronization between demand and supply throughout the entire supply chain, through data interchange (EDI) between each of the stakeholders involved. This way, out-of-stock events are eliminated, business planning is optimized and businesses can take full advantage of their resources. But the most important benefit is that sales are increased, thanks to the improved service to the final customer.