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The ERP Selection Process: Some Assembly Required

Posted by Harriet Schneider on Oct 20, 2021 2:59:58 PM

Building a Power Team:

The first major step in the journey toward adopting a new ERP system for your organization is assembling an effective project team. A well-appointed team can help you not only select the best possible ERP system suited to meet your organization’s needs but also mitigate employee resistance and secure leadership buy-in.

Assembling an all-star team for your ERP project is critical to your implementation success, so do not take these decisions lightly.

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Topics: ERP, Distribution, Supply Chain, Fashion & Apparel, Supply Chain Visibility, digital disruption, Enterprise Resource Planning, Enterprise Software, Retail Supply Chain, Supply Chain Operations, Infor CloudSuite M3, Infor CloudSuite ERP

Moving At The Speed Of Social Trends In The Food And Beverage Industry

Posted by Harriet Schneider on Oct 18, 2021 1:39:16 PM

Throughout the pandemic, food and beverage companies have weathered surges in demand, rapid fluctuations in consumer buying habits, and the complexities of the global supply chain. Without complete enterprise-wide visibility or collaboration, shifting gears and adapting to trends in the market can seem insurmountable.

How can you modernize to keep pace with the speed of consumer needs in today’s competitive market? We recently did a webinar with Mark Winter, CFO of My Food Bag, to hear how his company, a leading online meal kit provider in New Zealand, managed to improve business productivity, efficiently manage the growth of its business and navigate the pressures of the pandemic.

Here are some valuable takeaways from the webinar. Watch the on-demand recording if you want to hear more about how My Food Bag deals with special requests from customers for particular food products, or ingredients, how the company manages last-mile delivery, and what they do to get the right balance between supply chain efficiency and sustainability.

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Topics: ERP, Food & Beverage, Supply Chain, Food Technology, CloudSuite Food & Beverage, Infor M3 ERP, Enterprise Software, WMS, Supply Chain Management

Avoiding Complexity In Mergers And Acquisitions

Posted by Harriet Schneider on Oct 15, 2021 10:41:05 AM

Mergers and acquisitions (M&A) bring numerous challenges across all departments. But IT teams are often charged with providing the underlying infrastructure that will allow the organizations to operate successfully under a new configuration. This is a big ask and typically occurs with little warning, and regardless of how much ongoing work exists in the day job.

There are plenty of factors that can further complicate this scenario, including when the company is acquired or merged is in a different country with unique reporting and regulatory requirements. While part of an important growth strategy for the organization, these moves can put tremendous pressure on already taxed IT staff.

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Topics: ERP, Change Management, Enterprise Resource Planning, Implementation Partner, Technology, CloudSuite, Risk & Compliance, Cloud, cloud migration

How To Avoid Critical System Failure

Posted by Harriet Schneider on Oct 13, 2021 10:43:15 AM

Even when you do everything right, the unexpected can happen. Natural disasters strike, equipment fails, and human errors occurs. While steps were taken to mitigate risk, when disaster strikes, it’s still up to you and your team to race to recover, to ensure actions to get back online are taken correctly, and time is never on your side.

If your organization previously reviewed and dismissed the value of the cloud, it’s time to reevaluate. Decisions that seemed to make sense last year or even last quarter, likely look very different through today’s lens. This week, we focus on critical system failure and how unexpected outages can bring a company’s mission-critical operations to its knees.

Losses can be initially staggering and ultimately far-reaching, impacting not only revenue and productivity but also long-term brand value. It’s been estimated that the average cost of IT downtime is $5,600 per minute, with $140,000 per hour on the low end and as much as $540,000 per hour at the higher end. Absorbing the activities to resolve the issue itself and then putting in place actions across the organization to recover from the critical failure and its consequences can derail an organization for an extended period of time.

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Topics: ERP, Change Management, Enterprise Resource Planning, Technology, CloudSuite, Risk & Compliance, Cloud, cloud migration

Avoid Disruption From Loss Of Technical Expertise

Posted by Harriet Schneider on Oct 12, 2021 11:11:24 AM

For many organizations, the realization that your go-to people, those who truly understand all the nuances in your enterprise ecosystem, are no longer there comes too late. Whether this loss comes through resignation, retirement, health issues, or merger and acquisition, you will need to find replacements. How can your organization ensure the continuity of day-to-day operations with the potential loss of technical expertise?

One of the ways to mitigate this risk is to accelerate cloud migration.   

Many clients have shared with me that in today's challenging times, they need to focus on their core business and not worry about running IT systems. What would happen if your IT experts are no longer available? 

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Topics: ERP, Enterprise Resource Planning, Technology, CloudSuite, Cloud, cloud migration

Navigating Cash And Treasury: 3.Enhance Cash And Liquidity Forecasting

Posted by Harriet Schneider on Aug 31, 2021 9:26:35 AM

Do you have the data needed to determine cash investments, secure borrowing, and make better hedging decisions?

Today, financial services organizations are more focused on what’s necessary to safeguard business continuity and solvency. Much of this begins with greater visibility and reliability of key data to help drive your critical business decisions, especially during critical market changes.

Our current blog series is reviewing cash and treasury best practices you can follow to prepare for instant payments and build true cash visibility. The previous post discussed effective cash positioning and this week we focus on enhancing cash and liquidity forecasting.

Consideration #3: Enhance cash and liquidity forecasting

Treasurers don’t typically have access to a company’s full cash picture. Though efficient business operations require working with multiple financial services organizations across different markets, complex banking structures and sprawling geographical footprints make it difficult to achieve complete visibility into current balances and to measure the accuracy of cash forecasting.

Download the eBook
Cash and treasury: Prepare for instant payments and build true cash visibility

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Topics: ERP, Distribution, Supply Chain, Enterprise Resource Planning, Cloudsuite Fashion & Apparel, Infor M3 ERP, Infor CloudSuite PLM for Fashion, Infor CloudSuite Fashion PLM, Enterprise Software, Infor CloudSuite Fashion, Supply Chain Management, Infor CloudSuite M3, Infor CloudSuite ERP

An ICCG Webinar: Building a Technology Framework for Food & Beverage Companies

Posted by Harriet Schneider on Aug 27, 2021 11:07:08 AM
September 15, 2021
01:00 PM CST
REGISTER NOW

Building a Technology Framework for Food & Beverage Companies
 

Join Mikael Bengtsson, Infor's Industry & Solution Strategy Director – Food & Beverage, and Sean Conner, ICCG's VP of Industry Solution Consulting, as they discuss:

  • Recall readiness
  • Subscription-based business models
  • Digital Transformation

As a Food & Beverage manufacturer, this webinar will help you implement effective technology around these topics. 

 

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Topics: ERP, Webinar

Navigating Cash And Treasury: 2. Generate Cash Positioning

Posted by Harriet Schneider on Aug 26, 2021 9:00:00 AM

Are you reducing idle cash while reducing risks?

Today, financial services organizations are more focused on what’s necessary to safeguard business continuity and solvency. Much of this begins with greater visibility and reliability of key data to help drive your critical business decisions, especially during critical market changes.

Our current blog series is reviewing cash and treasury best practices you can follow to prepare for instant payment changes and build true cash visibility. Last week we looked at understanding the impact of instant payments. In part two this week, we focus on generating cash positioning.

Consideration #2: Generate cash positioning

To satisfy both operational and regulatory requirements, financial services organizations need operating models for cash and liquidity management. To achieve and maintain this capability successfully, organizations need to focus on gaining greater visibility into their cash and liquidity.

Download the eBook
Cash and treasury: Prepare for instant payments and build true cash visibility

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Topics: ERP, Distribution, Supply Chain, Enterprise Resource Planning, Cloudsuite Fashion & Apparel, Infor M3 ERP, Infor CloudSuite PLM for Fashion, Infor CloudSuite Fashion PLM, Enterprise Software, Infor CloudSuite Fashion, Supply Chain Management, Infor CloudSuite M3, Infor CloudSuite ERP

Navigating Cash And Treasury: 1. Get Ready For Real-Time Payments

Posted by Harriet Schneider on Aug 24, 2021 9:43:33 AM

Today, financial services organizations are more focused on what’s necessary to safeguard business continuity and solvency. Much of this begins with greater visibility and reliability of key data to help drive your critical business decisions, especially during critical market changes.

Whether you call it faster payments, immediate payments, instant payments, or fast money, real-time payments technology has gained a solid foothold in the payment processing world.

Additionally, to satisfy both operational and regulatory requirements, you need operating models for cash and liquidity management. To successfully achieve and maintain this capability organizations need to focus on gaining greater visibility into their cash and liquidity.

Download the eBook
Cash and treasury: Prepare for instant payments and build true cash visibility

We have compiled a blog series that will focus on cash and treasury best practices you can follow to prepare for significant changes with instant payments and build true cash visibility. This week, we focus on the first consideration: understanding the impact of instant payments.

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Topics: ERP, Distribution, Supply Chain, Enterprise Resource Planning, Cloudsuite Fashion & Apparel, Infor M3 ERP, Infor CloudSuite PLM for Fashion, Infor CloudSuite Fashion PLM, Enterprise Software, Infor CloudSuite Fashion, Supply Chain Management, Infor CloudSuite M3, Infor CloudSuite ERP

Fostering Supply Chain Maturity To A Digitized Ecosystem In The Cloud

Posted by Harriet Schneider on Aug 20, 2021 6:59:31 AM

The evolution of supply chain business models has been accelerated by unprecedented disruptions. As a result, there has been a clear shift from analog supply chains models of the past into a trajectory towards a digitalized ecosystem. These new business models recognize and necessitate the move to a digital and integrated supply chain that provides visibility and ease of use for consumers.

This journey is about moving towards a world where all parties participating across your network are connected to a single version of the truth. Supply chain thinking is shifting from ‘linear supply chains’ to ‘supply chain eco-systems’ propelled and supported by digital technologies.

Gartner has established a five-stage model of the journey to supply chain maturity, ranging from manual, analog systems to a fully digitalized ecosystem. Key differentiators along this evolutionary chain include consideration of data and collaboration, with the ultimate goal of integrating data across multiple systems to achieve a fully connected ecosystem that provides transparency and visibility for your company both internally and externally.

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Topics: ERP, Fashion & Retail, Distribution, Supply Chain, Fashion & Apparel, Supply Chain Visibility, Supply Chain Network, Cloudsuite Fashion & Apparel, Infor CloudSuite PLM for Fashion, Infor CloudSuite Fashion PLM, Enterprise Software, Infor CloudSuite Fashion, Supply Chain Operations, Supply Chain Management, Infor CloudSuite M3, Infor CloudSuite ERP

About ICCG

Welcome to our Blog - ICCG Insights!

Embracing thought leadership as a pathway for growth, represents the true spirit of progressive change that will make a difference in technology-driven industries. As a consulting company, ICCG customers look to us as their value-added resource. They expect us to be proactive about solving their immediate challenges and we don’t take that responsibility lightly. It is this that drives us to share our best practices, knowledge-base, years of experience, and tried and true methodologies. These have been the hallmarks of our corporate brand.

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