Monday, 27 August 2018

3 Quick Supply Chain Wins Using Robotic Process Automation

This article discusses how robotic process automation (RPA) is a logical next step in a decades-long tradition of digital automation, and how it is a great way to quickly and effectively accelerate key supply chain functions, including partner onboarding, sales order generation, and order tracking.
Organizations of all sizes are turning to RPA to jump-start their path towards widespread automation of their business processes, and reading this article will provide you with reasons to consider adopting the same approach.

RPA: Quick-fire deployment meets astonishing efficiency

Digital process automation has been a mainstay of information technology service providers for half a century. Reducing human effort and increasing their client organizations’ capacity to process information is a major aspect of the value that the IT industry provides. Until recently, however, prohibitively high initial costs, long implementation cycles, and complications associated with solution reconfiguration have prevented all but the largest organizations from pursuing the massive advantages that automation provides.
RPA has changed the automation game by addressing all of these concerns. Instead of hiring a large team of consultants and developers to assess and automate your business functions over the course of months or years, RPA produces the same results in just a few weeks with considerably less investment. Using RPA, some relatively simple jobs can take as little as a few hours to automate.
Setting up RPA is simple. You start by identifying time-consuming, repetitive digital tasks performed by your staff, like copying and pasting text between windows, sending documents or boilerplate text via email, performing searches, submitting and verifying records, or comparing new and old documents. You then “train” a virtual software agent (usually called a “robot” or “bot”) to perform the same series of clicks, keystrokes, and comparisons via user-friendly software – little to no understanding of advanced programming required. Once trained, bots step in and free your human workers from each of these boring tasks, allowing them to make better use of their many uniquely human talents.
What happens when your evolving business objectives necessitate changes in your operating procedures? Do you have to buy new bots?
Nope! Instead of having to buy more software or begin a multi-year software development project, all you have to do is retrain the bot using the same software you used to train it the first time. After showing your bot where to click and what to type, it’s ready to handle a completely new series of digital tasks. This offers much better value than a custom-made, single-purpose solution that automates a very particular series of steps and nothing else.

How bots create a superhuman supply chain

Pick virtually any digital task in your organization, from employee onboarding and payroll to sales order fulfillment and invoicing. RPA allows those processes to hum along around the clock with minimal human input – the people that used to complete those tasks usually spend a tiny part of their workday addressing the few exceptions that your bots might not have been trained to handle.
You might find this surprising, but using a bot for these kinds of processes typically results in a five to fifteen-fold increase in efficiency! That’s right: if a human takes fifteen minutes to process an order, a bot takes just one. If a human takes one minute, a bot takes just four seconds. Don’t you think that’s worth a few weeks of effort and a modest investment?
Let’s consider three specific supply chain processes that can easily be reassigned to bots: partner onboarding, sales order creation, and order tracking.

Partner Onboarding

Suppose you want to set up communication with a new trading partner. You’ll need to process contracts and government forms (like the W-9 form in the US), verify that all initial requirements are met, and then keep track of each document. Each partner might have a different format for data transmission, as well as a different set of business rules that need to be followed. Each of these steps can take several minutes for a human worker to accomplish, but a bot can handle these tasks in a fraction of that time with little to no human intervention.
Granted, some onboarding tasks require a set of human eyes. For example, a human decision maker needs to review and sign off on each vendor contract. Bots can still improve efficiency by creating an automated approval workflow. As soon as your organization receives the appropriate vendor paperwork, the bot performs a basic evaluation and notifies the appropriate personnel to approve or reject the contract. Depending on those people’s responses, the bot either proceeds with onboarding or notifies all relevant stakeholders about issues that need to be addressed before onboarding can continue.

Sales Order Creation

Many organizations receive purchase orders via email (or even fax!) and require team members to manually create corresponding sales orders. Not only does this take a considerable amount of time, but performing these manual steps also increases the risk of introducing errors, which would require rework and might even lead to loss of business.
Using bots to handle these boring, mechanical, “copy-paste” tasks virtually eliminates processing errors and allows you to accelerate order fulfillment and take on more business each day. You can even use RPA to generate real-time reports and analytics on sales performance, instead of spending hours manually compiling daily or weekly reports.

Order Tracking

Instead of spending your time manually creating shipping schedules and packing slips based on order requests, you can use bots to perform these mundane tasks nearly instantly. When your orders ship, these bots can also save you the hassle of using a separate transportation management system or your logistics partner’s web portal to track each package.
Even though B2B web portals are a major improvement over older methods of shipment tracking, they still require you to fire up your web browser, navigate to the web portal, and copy and paste (or re-key) information from your ERP system into the appropriate form fields. Instead, a bot can take care of this entire series of steps in moments and give you the real-time status of each package you have in transit.

Conclusion

RPA is on its way to becoming the dominant means of digital transformation for businesses of any size, across all industry verticals. In addition to HR, accounts, invoicing, and other standard processes shared by all businesses, RPA is also the perfect tool for collapsing time-consuming sequences of industry-specific digital tasks into bot-run routines that run so flawlessly that they fade into the background.
By applying RPA to supply chain tasks, most organizations will experience massive increases in order throughput, reductions in shipping delays, and far fewer order fulfillment errors. Better yet, cutting-edge “smart” bots provide even higher long-term value by using machine learning to improve their own performance over time.
With shockingly modest time, effort, and monetary investment required, implementing an RPA solution should be at the top of your to-do list. For more information on the types of business functions that can be automated using bots, please join us for an informative webinar on August 29.

Thursday, 16 August 2018

Dynamics 365 vs. SAP Business One: Which is the Better ERP?


Are inefficient basic business functions holding you back?
Small businesses often experience growing pains as they begin to expand. They struggle to maintain healthy margins by streamlining their operational processes. Many of them have multiple digital sources of data stored across several software systems. They might be dealing with:
  • Miscommunication or delayed communication between departments
  • Complications in responding to customer needs
  • Difficulties with monitoring and managing inventory
Business management tools like ERP platforms are essential for companies that are working on expanding their influence. These companies want to improve their workflows, attract more customers, and spend less time on back-office functions. With the assistance of an ERP platform, your business can save time by self-populating data across numerous functions and automating inventory, payroll, and customer billing. An ERP system can also help keep you compliant with the latest regulatory changes in your industry.
Well-designed ERP platforms integrate all of an organization’s business functions into one unified platform. The key functions of an ERP system include financials, inventory management, sales management, human resources, and manufacturing management. Modern ERP solutions allow users to access their business information via any digital device, improving their productivity both in and out of the office.
Let’s compare two of the leading small-business ERP solutions on the market: Microsoft Dynamics 365 and SAP Business One.
Price and Scalability
With comparatively lower costs and easier implementation, Dynamics 365 for Finance and Operationsis a strong player in the ERP market. While SAP Business One delivers on all its promises, it costs more than other competing ERP platforms.
SAP Business One targets small to medium-sized companies, but has been struggling to catch up to the international powerhouse that is Microsoft in the small business segment. Because SAP Business One is frequently used by small to medium-sized companies, its functionality is tailored to that segment. For these reasons, it’s very possible for your small business to outgrow Business One, requiring you to migrate to other, more feature-rich SAP solutions, or switch to a completely different solution.
On the other hand, Microsoft Dynamics is used by businesses of every size across a wide range of industries, from IT and healthcare to food services and distribution. This makes for a more robust platform that can accommodate a broader array of business models. Dynamics 365 is designed for scalability, and will continue to serve you well as your small business matures into a global enterprise.
Extensibility and Customization
Microsoft Dynamics 365 and SAP Business One are both great ERP platforms, but Dynamics 365 steals the show with more than 750 add-on solutions available on their AppSource marketplace. Built on Microsoft Azure infrastructure, Dynamics 365 also syncs and integrates effortlessly with a host of other Microsoft business applications. SAP cannot compete with these numbers — their App Center lists just 37 apps for Business One. Instead, they rely on several vendor partnerships to fill these functional gaps. One notable limitation of SAP Business One is its lack of built-in payroll functionality. Organizations that use Business One are forced to rely on third-party add-ons to process payroll.
SAP Business One also offers less implementation flexibility than Dynamics 365. Business One deployments include at least ten core modules, whether or not you need the functionality they provide. Dynamics 365, on the other hand, allows you to select individual modules to create a customized solution that aligns perfectly with the way your business operates.
Conclusion
Microsoft Dynamics 365 surpasses SAP Business One. It can extend its advantages to both start-ups and the largest of enterprises by providing scalability, flexibility, and lower implementation and ownership costs. Dynamics 365 also gives you access to a plethora of tools that help you accomplish more and work the way you do. All of these characteristics make Dynamics 365 a better long-term fit for most organizations.

Thursday, 9 August 2018

5 big reasons to choose Dynamics 365 as your ERP platform

Microsoft controls a substantial share of the enterprise software market. While its suite of Dynamics ERP solutions have been around for 25 years, the company is looking to break new ground with Dynamics 365, its cloud-based ERP and CRM platform that rolls most essential business functions into one solution and liberates organizations from the burden of periodically maintaining and upgrading an on-premises software implementation.
According to Microsoft, Dynamics 365 is a doorway to digital transformation for organizations across the world that turns business processes into business advantages. Let’s take a look at what Dynamics 365 brings to the table and how it aims to truly move the world’s business processes into the 21st century.

Usability and Integration

Expectedly, Microsoft is very interested in making sure that all of their products work well together, and Dynamics 365 is the epitome of hyper-connected software. Dynamics 365 looks and feels very similar to other Microsoft software like Office, which provides a sense of familiarity to most computer users. It also offers significant integration capabilities, which means that you can perform tasks like creating Word documents and emails from within its interface.

Licensing and customization

Thanks to Dynamics 365’s flexibility and modular licensing model, businesses don’t need to burden themselves with a massive suite of apps that they only use a fraction of. Instead, they can choose the Dynamics 365 modules that are relevant to their current operations and create a customized solution that best fits their needs. Dynamics 365 also has its own dedicated app store that helps you find Microsoft-approved extensions and plugins that you can use to further customize your deployment and address specific requirements.

User-driven extension

End-users can also craft their own Dynamics 365 modifications and apps using Microsoft Flow or Microsoft Power Apps. Flow can help you create workflows that use third-party solutions. Suppose you need to use social listening as part of your marketing plan. By using Flow to integrate Twitter with Dynamics 365, you can set up a workflow that creates a new lead in Dynamics 365 for Sales every time someone tweets a particular word or phrase. Similarly, Power Apps helps users build mobile apps using a drag-and-drop interface that doesn’t require advanced programming experience.

Business intelligence, analytics, and AI

Dynamics 365 can integrate with Power BI, Microsoft’s AI-infused business intelligence solution, to provide forecasts and actionable insights that use machine learning to become more accurate over time. This offers your business immeasurable reporting and analytical power. Power BI’s dashboards natively integrate with Dynamics 365 apps, offering a consistent experience across tools and devices.
Microsoft has been investing heavily in artificial intelligence for several years, and now they’re injecting that technology into their Dynamics 365 products. With built-in automation functionality, Dynamics 365 can take care of many of your organization’s repetitive, low-value tasks, allowing you to focus on core responsibilities that add real business value.

Maintenance and Security

Since all of its solution infrastructure exists off-site, your organization isn’t responsible for keeping Dynamics 365 updated and secure. Microsoft takes care of all back-end support tasks so you can focus on your business instead of your IT assets. Running on Microsoft Azure, Dynamics 365 also maintains high standards for the privacy and integrity of your data. Downtime is rare and data loss is virtually unheard of in Microsoft’s cloud platform.
Additionally, you have complete administrative control over the data that your users have access to. Restricting users’ access to information they don’t need to fulfill their work responsibilities is generally considered an important information security practice, and also reduces distractions to help your employees focus on their work.

Conclusion

After a close inspection, it’s clear that the advantages of choosing Microsoft Dynamics 365 as your ERP platform are twofold: first, you get a high-performance, intuitive business solution, and second, you have a wealth of options for enhancing, extending, and modifying your specific Dynamics 365 implementation to your heart’s content, either by yourself, or with assistance from a Microsoft-approved partner for Dynamics 365 services.

To learn more about how Dynamics 365 can enhance your business operations with its world-class infrastructure, process integration, and extensibility, join Visionet’s experts on August 15 for an informative webinar.

Monday, 23 July 2018

Improving your supply chain efficiency with ERP-integrated EDI


In an environment of ever-changing consumer demand, your retail or manufacturing business needs to leverage every competitive advantage it has at its disposal. Modern global businesses rely on electronic data interchange (EDI) solutions to maximize operational efficiency and maintain market competitiveness. Businesses are using EDI technology to improve their operational strategy, enhance supply chain management, and improve operational performance.
Most large manufacturers and retailers coordinate their operations via EDI, from sending and receiving purchase orders and invoices to advance ship notices (ASNs) and product transfer reports. Becoming an EDI-capable organization signals to potential trading partners that you are a trustworthy party that uses standards-based supply chain practices, and helps you unlock the door to global trade. However, vast improvements in operational efficiency over paper-based processes is the primary advantage that EDI offers.
Even though EDI promotes uniformity through the use of communication standards, not all EDI solutions are created equal. Many older EDI systems only use one EDI format and don’t support any modern, non-EDI communication standards. Many of these legacy systems (and even some newer “web EDI” solutions) require users to manually key in the information, and may even require them to manually initiate and end the EDI transfer!
These methods, while better than using paper documents and a courier service, are ancient relics from the 20th century, and if your organization still uses this kind of software, you should make it a priority to have it replaced with a supply chain communication solution that integrates directly with your ERP software. Here are three ways that an ERP-integrated EDI solution significantly improves efficiency:

Minimal manual entry

If your EDI system is directly integrated with your ERP platform, then you’ll hardly ever need to manually type information to send it to a vendor (or type received information back into your ERP system). Since all information on your products, pricing, inventory, sales transactions, customers, and deliveries is already stored in your ERP system, you’ll usually be able to select the information you want to send with a few clicks. Then, depending on your operating procedures, you can either transmit that information to the appropriate trading partner right away or add it to a scheduled batch transfer.
More advanced EDI solutions will also confirm that the ERP information that you’re about to send complies with your trading partners’ internal policies for those specific document types. This is definitely much quicker and more convenient than consulting a separate compliance checklist for each vendor every time you transmit information.
After reducing its dependence on manual entry, your organization will spend less time managing information transfers, correcting transcription errors, and running damage control on the consequences of errors you failed to catch in time. You’ll also improve supplier relationships and save a surprising amount of money on EDI chargebacks caused by noncompliant information transfers.

Rapid partner onboarding

A well-designed EDI solution also improves efficiency by speeding up the onboarding of new trading partners. Instead of requiring days of configuration, modern EDI systems use intelligent field-mapping techniques to automatically reconcile your partners’ data and document formats with your own. The sooner you complete the onboarding process, the sooner you experience the benefits of direct B2B communication.

Agile decision making

By connecting your EDI system to your ERP platform, you can start using advanced, ERP-integrated analytics tools to gain a better understanding of your trading partners. In the same way that your ERP system’s dynamic dashboards and advanced reporting capabilities provide actionable insights about your organization’s internal processes, they will also begin providing clear, easy-to-understand intelligence on how each of your vendors is performing. You’ll be able to anticipate and adapt to supply-side changes more quickly, and decision makers will have access to the information they need to respond to emerging opportunities and challenges in real time.
Industry-leading EDI solution providers like PartnerLink provide end-to-end ERP-integrated solutions that drive efficiency by minimizing manual entry, expediting partner onboarding, and enhancing decision-making agility. Please contact the PartnerLink team to learn more.

Thursday, 19 July 2018

What are you able to build with your bots?


For that the last ten years, business leaders have seen how rising loan production costs have pushed the burden of maintaining profitability onto people, processes, and margins. Today, loans cost $8,000 to produce, up from $4,200 just seven years ago. That’s why businesses continue to look for new ways to keep their margins healthy.
Business leaders have read about the underlying benefits of robotic process automation (RPA) and its ability to lower cost per loan by automating mundane, repetitive tasks and freeing up employees to perform higher-value work. They have seen RPA lowering costs and gaining momentum in areas like healthcare and manufacturing, and have even witnessed Google Assistant make a hair appointment! All of these advances aim to help you free up time and gain a competitive edge. But where do you start?

Create a roadmap

The best way to identify opportunities isn’t by thinking about technology. Instead, create a “time savings plan” with your sales and operations teams by walking through your current loan process from beginning to end. Take special notes along the chain and look for areas where tasks, paperwork, and wait times gather in pools. Waiting on a person or process to take action? Jot it down for follow-up research.
 
The areas you find probably include a lot of 80/20 items, where 80% is repetitive work that doesn’t vary too much and only the remaining 20% requires higher-level judgment and exception processing to complete. By finding and mapping these pockets, you can start to establish your roadmap and stake out areas for further study.

Set your priorities

Once you have cataloged these areas of opportunity, create a four-quadrant matrix and rank them according to their impact on your enterprise: effort, high to low, and time improvement, high to low. This will help the team find consensus and visualize those items that pop to the surface for maximum benefit. It will also provide clarity on finding small but achievable low-effort/high-time-improvement areas to focus on out the gate, so you can build momentum and muscle memory for the high/high categories down the road.
 

Engage your resources for change

Bring together your teams with IT and Project Management to create an enterprise-wide digital improvement plan and begin designing solutions based on your priorities and technology capabilities, especially for those repetitive tasks that you can automate. This journey offers a great opportunity to enhance your culture and competence in technologies (including RPA), work toward continuous improvement, explore new ways of working, invest in innovations that fit your culture, and set numeric goals to wring out waste in time and cost.
 

Gather your team and set the course

Look inside and outside your organization and the industry for solutions, but inside the industry for mortgage technology partners who understand the mortgage domain and RPA technologies applicable to the industry. Start small with achievable goals and measure progress in hours, costs saved, and possibly revenue gained via new products or services. As you build, consider changes that will streamline operations and better fit RPA processing, and train your staff on how to manage the new digital workforce.
 

There is no finish line

Perhaps a little surprisingly, adding bots to your workforce will lead to role changes for your human team members. Just like new human employees, bots will need to be trained, managed, and moved around as your business requirements evolve. So as you set up new procedures and change existing ones, you’ll need a small team of humans to keep your bots optimally trained and deployed. The cycle of discovering RPA use cases, retraining bots, and adjusting human roles is an ongoing process, and will continue to optimize business processes and improve margins year after year.
 
A new way to enhance your staff is here and ready to build: assign a digital assistant to perform routine and repetitive business tasks. RPA is a well-established opportunity to free up valuable staff time and enterprise expense, and direct the savings back to your bottom line. Though our industry understands that innovation is necessary, uncertainty still exists about where to start. The best way to overcome this challenge is by taking the first step.

3 Ways to Overcome Apparel Supply Chain Uncertainty

Overcome Apparel Supply Chain Uncertainty
Overcome Apparel Supply Chain Uncertainty
One thing that every fashion and apparel business has in common is supply chain partners. Whether you’re an apparel manufacturer, retailer, or wholesaler, you’ll be communicating with a third party at some point in your supply chain.
This means that any hiccup in your communication cycle can hamper the overall delivery chain and may result in unhappy customers. No matter where you’re located, what fashion product you’re selling, or where you’re sourcing your raw material from, if you don’t have the right supply chain collaboration mechanisms in place, you can’t achieve sustainable business growth.
So where does supply chain unreliability come from, and what can you do about it?

Apparel Supply Chain Challenges

There are three primary factors that contribute to supply chain uncertainty:

Longer lead times for imported materials

As the number of well-informed and tech-savvy consumers increases, there is a proportionately higher risk of brand sensitivity. Any stock-outs or quality issues can divert your customers to competing brands that have a more responsive value chain. In other words, since full packed sourcing companies are completely reliant on vendors for the timely delivery of imported materials from multiple vendors to start the production process, the lack of a powerful vendor communication platform can result in longer lead times and put a strain on resources.

Tight delivery schedules due to seasonality

The fashion and apparel industry is replete with seasonal volatility due to holiday shopping, promotions, and sales. While this provides opportunities to attract high order volumes, mismanagement and lack of planning can have a negative impact on brand image and lead to permanent loss of sales. This creates a need for a flexible tool that offers more than just basic collaboration with vendors. It must provide near-instant response times and a complete view of all key performance indicators.

Inability to accurately estimate customer demand

Failure to predict what will sell the most, identify items that will soon go out of fashion, or discover new and lucrative consumer segments can cause companies to over-source materials that might not translate into sales, or under-source materials for products that may be in high demand. Organizations that base their estimates on guesswork instead of using data and technology expose themselves to profit erosion.

3 Ways to Reinforce Reliability

You can tackle these challenges by implementing a fully connected and integrated vendor collaboration structure across the following supply chain segments:

Production Planning

Using advanced analytics to project production plans according to consumer demand and identifying production issues earlier in the cycle through a well-connected business ecosystem will provide visibility to all of your vendors. This will help them plan for fallback material in advance and align on quick deliveries during highly volatile periods.

Seamless Order Issuance

Reduce steps from receiving production estimates to placing purchase requests, tracking orders, and clearing invoices by making sure that all data is aggregated in one place and is transparent to all third parties. You can accomplish this by reducing communication via email and auto-syncing business activities between your vendors’ systems and your own. This will reinforce proactivity and reduce last-minute deliveries and fulfilments, because all of your orders will be accurately placed in the right quantities with the right vendors at the right time.

Milestone Tracking

By bridging the gap between obtaining each order status from your internal supply chain department and following up with different vendors, advanced vendor collaboration technologies offer your organization the ability to track deep vendor milestones with automated notifications for any anticipated delays in predefined timeframes.
Your apparel firm needs more than just basic collaboration tools to gain the exceptional agility and market response time required in this industry. Join our experts at Visionet for an insightful webinar and learn more about how your fashion and apparel brand can maintain closer collaboration with vendors throughout the production and delivery cycle.
This article was originally published on Visionet Systems Blog

Wednesday, 18 July 2018

The Right Time to Upgrade to Microsoft Dynamics 365



Wed, Aug 15, 2018 2:00 PM – 3:00 PM EDT

Microsoft Dynamics AX 2009 is 10 years old and mainstream support has already ended. Microsoft Dynamics 2012 has some years to go, but are you going to wait that long? In this webinar, ERP experts at Visionet will discuss:

  • How to avoid the risk of business downtime and achieve consolidation of CRM and ERP applications and infrastructure
  • How to enable digital transformation and create engaging customer experiences, optimize operations, and empower employees
  • Key components of a modern ERP
  • Top considerations when looking for a platform upgrade partner.