PrimeRevenue, provider of a platform for supply-chain finance delivered under a software-as-a-service (SaaS) model, has expanded operations in two locations, in addition to releasing version 5.4.3. of its OpenSci SCF platform.
The ability of the largest U.S. companies to collect from customers and manage inventory improved just slightly in 2011, while payables performance worsened, according to the 14th annual working capital survey from REL Consulting, a division of The Hackett Group and CFO Magazine.
Making the business case for an accounting or HR system is clear-cut: Avoid unnecessary costs, manage cash better, reduce risk and you're done. If you were to invest twice as much in one of those systems, you might increase business payoff by 20 percent, so you can find the optimization point for ROI in a single spreadsheet. But what about the customer relationship management system?
Just as homeowners are more likely to renovate their current homes rather than purchase a new one when the economy is soft, so too are many manufacturers opting to maintain and repair their existing equipment rather than making substantial capital investments in new systems.
While many retailers are receiving merchandise with RFID tags attached by their suppliers, others are still daunted by the prospect of employing radio frequency identification for inventory-tracking purposes. Many RFID deployments include the installation of one or more fixed readers, as well as software and integration services.
Anyone in the business of manufacturing automobiles, trucks and automotive components back in the tumultuous years of 2008 and 2009 might be tempted to put their metaphorical transmission into neutral, reveling just a little bit in the success that surrounds an industry that is experiencing something akin to a rebirth. But as sweet as that might seem in the short term, there are significant challenges facing automotive suppliers despite the improving production outlook.
The latest news, analysis and trends regarding technology solutions and their impact on supply chain management. New technologies in forecasting and demand planning, supply chain visibility, big data analytics, the internet of things (IoT), cloud and software as a service (SaaS), enterprise resource planning (ERP) and transportation management systems (TMS) and WMS are transforming the way companies do business - and allowing them to stay ahead of the competition in their industries. As these solutions continue to evolve, businesses are discovering new ways to increase efficiency and cut costs. Learn how companies around the world are improving operations through their strategic use of supply chain technology solutions.
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