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Top Challenges Faced by Professional Services Industry Today
Tom Deacon, Director, Digital Global Head of one of the largest multinational professional services companies, Turner & Townsend, said, “Professional services firms are struggling to articulate and demonstrate values.” This is true.
The COVID-19 situation aggravated the problems for professional services industries as they strived to maintain a good customer pool, combat cost pressures, focus on skills, billing, etc. Simultaneously, an increase in the competition made it difficult for professional services organisations (PSOs) to direct their attention towards long-term strategy. Instead, short-term goals hogged the management’s time. Let’s take a closer look and understand the professional service industry in brief.
Source: https://www.ramco.com/blog/top....-challenges-faced-by
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Time for the cement industry to embrace the latest tech trends
The cement industry has often been categorized as laggards when it comes to the adoption of digital technologies. But the benefits of digital technology, including revenue and other margin-impacting factors, are compelling the cement industry to consider harnessing the power of digital technology, more seriously.
It is better late than never! For those cement and manufacturing companies that are contemplating undertaking the digital transformation journey, it is recommended that they experiment in a gradual, step-by-step manner. This would enable these organizations to achieve a better grip on their operations. It would also allow these companies to build up their resources for tackling the initiative in a better and more quantifiable way.
Source: https://www.ramco.com/blog/tim....e-for-cement-industr
Growth Strategies for People-Centric Businesses
The COVID-19 pandemic has profoundly impacted businesses across industries. When the pandemic struck, businesses did not have a playbook for such a large black swan event. However, businesses adapted quickly to the changed realities of the workplace, leveraging technology to ensure business continuity, enhance workplace productivity, and drive business growth.
The gig economy witnessed substantial growth, employers and employees became open to the idea of working together from different locations. At the same time, businesses also began focusing on reducing cost structures.
People Centricity
A people-centric business embraces a performance structure that places the individual at the heart of every business decision. It is characterized by:
Source: https://www.ramco.com/blog/erp..../growth-strategies-f
What is Enterprise Asset Management? And Why Do You Need It
For every business, assets play a pivotal role in creating and enhancing the value of the business, which is inclusive of plant, property, and equipment. They form the largest chunk of any manufacturing company’s balance sheet. Therefore, it is essential to meticulously manage your assets during their lifecycle by recording and valuing them accurately and having a proper maintenance schedule for every asset.
However, it may be convoluted to keep a track of every asset manually and the probability of committing errors would be quite high. A slight error or incompliance can lead to a huge loss. Furthermore, inefficient management of assets can lead to supply shortages, unplanned downtime, suboptimal asset management, non-compliance with regulatory bodies, asset thefts, and others.
Source: https://www.ramco.com/blog/erp..../what-is-eam-and-rea
Driving Visibility and Efficiencies through Supplier Portal
Suppliers are the first link and a crucial part of the value chain of businesses. They supply raw materials, intermediates, Manpower, Services etc. those are vital for the core business operations. Their supplies dictates the product quality, inventory cost, time-to-market and even customer satisfaction to a great extent. In the traditional way of doing business, collaboration of companies with their suppliers is fraught with delays and disconnects. It leads to negative impact on the aforementioned metrics and hence the top and bottom line as well.
Ramco’s new & enriched Supplier Portal tackles the challenges on supplier collaboration on various aspects. The portal’s cool features and how they can crank up your supplier visibility and performance are delineated here.
Source: https://www.ramco.com/blog/erp..../driving-visibility-
AI in Cement Manufacturing for Efficiency and Greener Processes
With rising demand for infrastructure development, scale of cement manufacturing has grown leaps and bounds. In 2020 alone, the global cement production volume reached 4.1 billion metric tonnes (MT), with China alone contributing a staggering 2.2 billion MT. In this context, it becomes imperative to keep costs and environmental impact in check.
Cement Production involves complex processes having interdependencies and jointly determining the efficiency and emissions. A major component of the costs is the energy costs contributing 40-60% of the overall cost. Energy consumed depends on various chemical reactions happening in the cement kilns. It entails monitoring of hundreds of input and output parameters across all 8 stages of cement manufacturing to ensure desired quality, cost, and emission levels.
Source: https://www.ramco.com/blog/erp..../ai-in-cement-manufa
