Tag Archive - supply chain management

ERP and whats in it for me?

Lets take a closer look at Enterprise Resource Planning

ERP is a powerful business tool. It is very flexible and can adapt to most business needs. So what exactly is it?

Enterprise resource system ERP

Enterprise resource planning (ERP) is a combination of the various tasks that are essential to run a business that is burdened by the weight of its manual processes. These include accounting, human resource, supply chain, customer relationship management (CRM),inventory and order management  to name but a few.

The system reduces the need for manual processing and helps to streamline your business around one centralized location. It consists of a maintained database that allows all members within a company to view the same shared information. This allows staff to generate reports quicker, generate sales orders at speed and makes financial processes easier by automating a lot of the manual re-keying involved in many departments. It is all wrapped up in one user friendly system which makes business performance analysis painless.

The rise of ERP

If you had a time machine and traveled back to the 1960′sERP enterprise resource planning you would witness some manufacturing company’s using a technique which they referred to as Manufacturing Requirements Planning or (MRP). As it evolved, the process came to be known as Manufacturing Resource Planning and eventually Enterprise Resource Planning. The original MRP systems were used as an organisational and scheduling tool, but as the years rolled past and technology advanced in the 1970′s it was adapted and developed to become more business process friendly.

The systems began to have the ability to include customer and supplier information and it was not long before its uses became recognized by other industries.

By the time the 1990′s arrived Gartner had coined the term ERP and the rest is history.

So how can ERP add value to my company?

At its core, ERP helps employees to do their jobs more efficiently by breaking down the barriers between business units. More specifically, an ERP solution:

  • Gives a global, real-time view of data that can enable companies to address concerns proactively and drive improvements
  • Improves financial compliance with regulatory standards and reduces risk
  • Automates core business operations such as lead-to-cash, order-to-fulfillment, and procure-to-pay processes
  • Enhances customer service by providing one source for billing and relationship tracking

With an ERP solution, employees have access to accurate information that enables them to make better decisions faster. Not only that, but the software helps to eliminate redundant processes and systems, dramatically lowering the cost of doing business overall. When you add up these advantages, the value of ERP—particularly cloud based—is clear.

Posted by,

Kevin Faulkner,

Marketing Executive,

www.celtrino.com

Visit us for more information or follow @Celtrino

 

 

 

 

 

 


Posted on January 11, 2016 in B2B Platform in the Cloud, Business Process Automation, Cloud Computing, CRM, ERP, Gartner, Integrated Supply Chain Management Platform, Sales Order Processing, SAP, Supply Chain Automation, Supply Chain Performance, Uncategorized by
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Ken Halpin Discusses the e-Invoicing [PEPPOL] Pilot Project in Public Sector Magazine Article

Have a look at Celtrino MD Ken Halpin’s latest interview in Public Sector Magazine. Ken discusses the importance of the e-Invoicing [PEPPOL] pilot project, trends in the Irish market and the company’s future plans.

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Posted on October 16, 2012 in e-Invoicing, eBilling, PEPPOL, Private Sector, Public Sector, Windows Azure by
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Is Procurement Any Different To Supply Chain Management? (Part 3 of 3)

 

In the last blog, I promised my perspective on supply chain management and procurement in the light of the wisdom shared by so many “cyber friends” to illuminate personal experiences of participating in challenging projects with industry leaders of all sizes.

Procurement vsx Supply Chain Management 3

Let me begin by stating that in my opinion, the term product can be interchanged with that of service without compromise although both will obviously manifest in distinctly different supply chains.

I like definitions as I think they bring shared clarity although I recognise that depth of understanding takes time which is why the songs of Leonard Cohen invariably improve with listening. The Supply Chain Operations Reference model (SCOR) has a fine pedigree and is based on five distinct management processes: Plan, Source, Make, Deliver, and Return.

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Posted on October 3, 2012 in Procurement, Supply Chain, Supply Chain Management by
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Is Procurement Any Different To Supply Chain Management? (Part 2 of 3)

Is Procurement Any Different To Supply Chain Management?

Last week, I promised to share with you the synthesis of my take-aways from this discussion. What strikes me is that supply chain management of which procurement is a vital component is practiced with enthusiasm and skill by professionals all over the world. And, it is not just the multinational corporations that strive to optimise customer satisfaction in a net value manner. Every company, irrespective of size, global footprint and industry, pays particular attention to its supply chain. Successful companies recognize the key competitive importance of supply chain management.

 

 

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Posted on September 26, 2012 in Procurement, Supply Chain, Supply Chain Management by
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Is Procurement Any Different To Supply Chain Management? (Part 1 of 3)

Procurement vs Supply Chain Management

I’m not sure what W.B. Yeats might say about the advent of social media and if indeed “a terrible beauty is born” but I would say that something has “changed utterly”. Today, I share with you over one social medium the results of another. Over the last weeks, I have solicited the help of an international group of LinkedIn procurement professionals to help clarify real world differences between procurement and supply chain management. The 110 contributions (and counting) have been fantastic in so far as they all added value and over time turned my initial premise inside out and back again in a genuinely helpful way.

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Posted on September 19, 2012 in Procurement, Supply Chain, Supply Chain Management by
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Dynamic Discounting / Invoice We Trust

Dynamic Discounting - Invoice We Trust

Regardless of how “good” a business may be, ultimately its fate rests on a solid cash flow. In order to continue trading, every company needs money to come in so that they can purchase raw materials, which can be processed and converted into saleable goods and in turn create more cash.

As harsh economic conditions continue to bite, businesses are delaying payment to their suppliers to moderate their own cash flow, but in doing so jeopardise the viability of the other members of their supply chain. So how does a business encourage its customers to pay on time, or better yet, early?

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Posted on September 5, 2012 in Accounts Payable, Cash Flow Management, Celtrino Platform, Smart Admin, Supply Chain by
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Can Samsung Learn From Apple’s Supply Chain?

Can Samsung Learn From Apple’s Supply Chain?

Leading computer and smartphone manufacturer Apple has topped Gartner’s global supply chain ranking table for the fifth consecutive year. The report accompanying the release of the rankings was impressive – a 20.2% return on assets coupled with a 51.5% growth in revenue on the previous year gave Apple an unassailable lead.

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Posted on August 29, 2012 in Gartner, Report, Supply Chain, Supply Chain Management by
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Supply Chain Issues Cost UK Tech Firms Dearly

Supply Chain Issues Cost UK Tech Firms Dearly

Although tech giant Apple may have a superb supply chain to thank for much of their continuing success, a recent report by insurance provider Zurich suggests that medium-sized UK tech companies are not so fortunate. In the document, entitled ‘Weakest Link: UK Plc’s Supply Chain’, analysts reported that 88% of the 500 businesses surveyed had experienced at least one significant and costly disruption to their supply chain.

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Posted on August 15, 2012 in Celtrino Platform, Cloud Computing, Supply Chain by
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Report Calls on Multinationals to Reduce Carbon Emissions

A new report from the Carbon Disclosure Project (CDP) in conjunction with Accenture has called on multinational companies to further reduce their emissions throughout their entire supply chain. The CDP analysed 49 global companies and 1800 of their suppliers to ascertain just how well they were doing in meeting their emissions reduction targets.

The survey included household names like L’Oréal, Philips and Walmart and found that 43% of them had managed to make annual reductions in their own emissions. Somewhat less impressive was the 28% of their suppliers having achieved any kind of year-on-year reduction.

Carbon emission reduction by implementing integrated supply chain solutions

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Posted on April 20, 2012 in Report, Supply Chain Integration, Supply Chain Management, Supply Chain Performance by
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Extending the Supply Chain Management System

A recent change in California law now requires all businesses trading within the state with revenues in excess of $100 million to make their supply chain transparent, for easier verification that they are also complying with anti-human trafficking legislation. Businesses with lower turnovers are also required to make information about their staffing compliance to their customers who do breach the $100 million mark.

HandscuffKnown as the Transparency in Supply Chains Act, this new law is designed to reduce the use of illegal immigrants and slave labour within California and to help businesses identify points in their own supply chains where there may be an issue. As a result, companies are considering how to capture and store this information effectively.

To stay compliant, many companies have begun recording vendor reputation, employee hours and human-resources records in the supply chain management systems, and then making the information available to their supply chain partners. By sharing the information sensitively, businesses up and down the supply chain can see that their partners are not only compliant, but can prove it to the relevant authorities when necessary.

As Boeing found with their supplier portal, sharing information with suppliers and customers within the supply chain, significant efficiencies could be created beyond simply proving legislative compliance. The Transparency in Supply Chains Act has only been in force since January 1st and supporting systems and business processes are still maturing but eventually Californian companies will begin to recognise other benefits available through a more collaborative supply chain.

Information and resource sharing often helps to create a more efficient supply chain, but the politics and costs involved lead many such projects to fail before they even start. By forcing this change on companies, California’s new law will kick-start the collaborative process, which may well lead to further cooperation between affected companies, changing their future prospects.


Posted on April 12, 2012 in Supply Chain, Supply Chain Management by
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