Topics: Digital Transformation
From bakeries to zucchini farmers, food and beverage companies are eager to pursue avenues of growth. Many endeavor to jump start these opportunities by embracing modernization and adopting digital strategies. New technologies offer exciting ways to leverage data, engage with customers, and automate processes. As a result, new and innovative ways of looking at products and the supply chain develop, transforming how we do business. While the potential impact of digital transformation is promising, it can also be intimidating. Where do you start? How do you measure success?
To answer these and other critical questions, use this checklist to help guide your successful digital deployment.
by Mike Edgett, Director of Industry Marketing for Process Manufacturing, Infor
System-wide modernization has been a long-term priority for many food and beverage (F&B) companies, but is often stalled waiting for funds. Several investment options compete for those hard-earned dollars. The continual need to develop new products to meet consumer demand often make research and development (R&D) spending the priority. What does that leave for software investment?
Now, as digital technology and disruptive innovations like the Internet of Things sweep across every business landscape, transforming the way we do business, the need for modernization is moving up in priority. Food manufacturers, however, may be overwhelmed and uncertain of where to start.
As customer behaviors and needs change, the F&B industry must have the flexibility to adjust business practices in order to meet those changes. Organizations need to embrace innovative technologies that help optimize daily operations and hone profit margins. It’s not just about offering the lowest prices. Now, to succeed, there must be customer alignment.
Here are seven ways to start building this differentiation through digital transformation, and the technologies that will help make these goals a reality.
By Mary Trick, Chief Customer Officer, Infor
The typical age of an ERP solution release in a midmarket organization is more than seven years. A lot can change in that time – businesses expand, new technology is introduced, and new regulations are instituted.
- Organizations on the latest version of their ERP software typically report a 13% reduction in operational costs.
- Organizations that are implemented on the latest release are 70% more likely than those that are not to have the ability to share and integrate data with the extended enterprise; partners, customer, and regulatory bodies.
- In an ever-more-mobile world, organizations with the latest ERP software are 67% more likely to have access on mobile devices.
- 53% of organizations with the latest version use best practices of the ERP solution compared to 47% that are not.
If these findings aren’t enough to convince you of the merits of an upgraded ERP system, consider this: Out-of-date systems are harder to support and maintain. This translates into less efficiency and more cost and risk to you.
The following blog is being shared with permission.
By Miro Yaghi M.Eng, MBA, PMP, CPA, formerly Transformation leader and Chief Information Officer (CIO) with ICCG customer, Gildan Corporation, Montreal, Canada.
Digitization in an omnichannel environment is not about technology only its about the integration of process, people and technology. Its about understanding each of our customers preferences and providing them with a personalized, homogeneous, great experience in store, on line, offline, through mobile apps and with direct customer services. Every employee within a retail business line needs to provide the same quality of service by using all available technology with the objective to create and maintain a personalized, sustainable and repeatable relationship.
Being the CEO of a large company facing digital disruption can seem like being a gambler at a roulette table. You know you need to place bets to win, but you have no idea where to put your chips.
Of course, digital transformations aren’t games of chance. But they do require big and bold commitments in the midst of uncertainty to reinvent the business rather than just improve it.
Topics: Digital Transformation