Covid-19 has had a massive effect on nearly all industries, including retailers. During lockdown, many retailers were not able to trade which they will probably take a long time to recover from and it may even have changed the way in which they need to run their businesses to some degree. These changes are however not just relevant to the retailers themselves, but also to their customers’ and their buying behaviors.
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Running a business is not a small feat. You have to think about every aspect of your business, from employment to finances to technology and more. That’s why choosing to use an Enterprise Resource Planning system, or ERP, is a smart idea that benefits both you and your business.
Businesses have been left with little option but to adapt to the 'new norm' that's arisen as a result of the COVID-19 pandemic.
This is why at KCS we have focused our efforts on giving our customers access to solutions and methodologies that can quickly help them prepare for these challenges.
Traditional on-premise ERP solutions have come a long way. Most businesses know by now that they should have an ERP system in place, for various reasons, including greater automation, streamlined operational processes, a more digital approach and more business insights and intelligence.
Tony Pey, Head of Product Marketing at Kerridge Commercial Systems, examines how the role of an ERP system is changing. It’s still the engine that drives a business - but today merchants need to choose even more wisely to ensure their system not only delivers the functionality they need now and in the future, but that it can also co-exist in the new technology landscape.
With everything going on, it seems the world is in a very strange place and there has been a lot of disruption. There appeared to have been plenty of disruptions even before Covid 19 with constant changes, technological developments, politics, economics and the continuous rise in consumer demands to name a few. Never thought we’d experience this kind of disruption in 2020 though… it seems so surreal.
Key performance indicators (KPI) are a quantifiable measure used to evaluate the success of a business by looking specifically at employees and departments in meeting key business objectives for performance.
Supply chains are vulnerable to a variety of threats which can range from physical to cybersecurity. The physical threats are perhaps the most obvious of the two as it involves things like theft, loss, damage or errors.
Cybercrime threats to supply chain software have been on the rise due to the evolution of technology and the advancement of internet services.