Technology is the application of scientific knowledge for practical purposes, especially in the industry. The simplest form of Technology is the development and use of basic tools. Technology can be most broadly defined as the entities, both material and immaterial, created by the application of mental and physical effort in order to achieve some value. Lastly, Technology can be viewed as an activity that forms or changes culture.
“Don’t get so busy making a Living that you forget to make a Life” – Dolly Parton
A perfect balance between a two is the most important thing to get holistic success. Technology has blurred a line between these two by creating “STAY UPDATED”status.
However, a right use of Technology like Digitization of Procurement may make things convenient and saves time too. Its totally depend on how we use Technology to balance both.
Blockchain is the revolutionary technology which empowered Bitcoin very successfully and with its unique features like security, reliability, automation, decetralized, temper-proof and highly customizabiliity, it can be successfully implemented for Supply Chain Industry as well.
Going Digital is inevitable is the mantra of 2020 and a lot of progress has already been there in this area with the rise of Artificial Intelligence, IoT, Industry 4.0, and Machine Learning in this decade. Further, Covid-19 has propelled this change due to a new normal of remote working and work from home strategies. However, all these technologies have some limitations as they can do repetitive and complex tasks with present logic and data. But, human intervention is needed for the events where present logic and data is not available. This is where Augmented Intelligence comes into the picture.
Overview Given the enormous challenges that current supply chains face both on the demand as…
Internet based ERP implementation is need of an hour but the first and foremost challenge is to define Project Definition for the same. This article also focuses on Procurement Management and Customer Relationship Management module as well.
Organizations with multiple sites that need online ERP support should learn how to create procurement…