As always, the very real danger is that managers themselves will become seduced by the new technologies and then appreciate them only superficially and misunderstand their true purpose and potential.
Indeed, a full, in-depth evaluation and understanding of the business processes that make a company as efficient and competitive as it is will be mandatory for any except the most superficial implementation of Real World Awareness.
This seemingly obvious advice is borne out by research conducted by PRTM and SAP, based on a survey of some 60 companies and 75 different supply chains. The conclusions: Companies with mature business processes have significantly lower inventory levels—28 percent lower, in fact—compared to immature companies. Companies that invest solely in improving business processes leave money on the table, no doubt, but those that invest only in IT infrastructure end up being far more inefficient than they should. Indeed, without mature business processes, even companies with the top 20 percent, best-in-class IT setups were found to have 26 percent higher days of supply, 28 percent higher inventory-carrying costs, and 7 percent lower profit than those that were process immature and did not invest in IT. Evidently, implementing just IT systems without their supporting business processes is a waste of money.
Now, of course, bar-coded pallets and packages are tracked by the millions as they make their long journeys from factories to retail shelves and, finally, through the laser beams of checkout scanners. So, what is it that RFID might add to this well-documented success story? A great deal is added, in fact, which includes much improved visibility into inventory, quicker detection and prevention of theft, accelerated supply chain speed, and more meaningful exchanges of information between business partners.
RFID data will be better data than what has been available from bar codes and other sources. It will be more accurate because of its being created automatically, with no manual keyboarding, and it will be collected more frequently than what is now collected from bar codes. As a result, this data will be richer in informational content and will therefore enable IT systems to maintain a more detailed representation, or model, of the world.
Along with greater frequency, there will be an increase in the complexity of data—an increase in the categories of data that will be collected and available for transactional and business intelligence systems to work with. One way to think of this concept is that RFID data will arrive from the field in a more granular form than what is now commonly obtained.
Article Tags: Business Processes
The single greatest, non-inexhaustible resource you have is your time. There are just three things you can do with it: squander it, move it, or contribute it. As a business person or an administration proficient, what you do with your time intensely impacts how much cash you can make.
In the event that this year you need to make customers come to you, procure a six figure pay, turn into the master in your picked field, emphatically sway lives of numerous individuals, gain notoriety and acquire admiration of your friends - you need to put your time into making advertising resources!
Much the same as the well-off put resources into resources that consistently acknowledge and produce more cash - like land, the wise business people put resources into making promoting resources that develop your business with no extra cost.
What are those benefits? Here is only a short rundown:
Content
Information items
Referral accomplices
E-zine supporters list
Clients list
Approaching connects to your site
Tributes
Instruction
So in the event that you need to end up the "big enchilada" in your industry, you must begin doing what the "enormous mutts" do. To start putting your time into making high influence advertising resources utilize this short agenda:
Try not to structure costly logos. While setting up your uniqueness is vital, individuals won't work with you since you burned through cash on an adorable realistic!
DO review your optimal customers. Learning and understanding their necessities enable you to offer those arrangements they need - and that makes you unimaginably alluring to them.
Try not to put promotion that includes minimal however your logo, telephone number and address. Quit messing with yourself supposing you are the following IBM or Coca-Cola and that just referencing your name will get individuals beating on your entryway!
DO make content that tends to the most squeezing needs your prospects and customers are urgently attempting to fathom! Compose articles, make exceptional reports, distribute an e-zine or digital book (or ordinary book), and record soundvideo items. In the event that you publicize - promote those items not your administrations.
DO set aside opportunity to learn and use free attention. Research media contacts, set aside opportunity to comprehend what kind of data advances to them, and turn out to be great at introducing your data in the arrangement they like best.
Try not to go to each systems administration meeting you can discover. Your time is much too profitable to even consider trying to pull in business in one-on-one design. As opposed to the prevalent view - organizing isn't shabby!