Tag: RL software

IR15

SPENDEDGE WEBINAR ON 25TH AND 26TH APR – How can better software license management result in cost optimization?

We have progressed far from the days where software was packaged as a product and sold in CDs. Today, with the rising popularity of Sanyacloud-based platform offerings, suppliers are more inclined to provide their product in a subscription-based model. More precisely, they provide access to their software in the form of license. Since software licensing cost takes up a majority of the cost base within an organization, procurement teams should always be on their toes to explore various licensing models and choose the right fit for their organization needs. Software licensing is complex in any organization. Companies usually purchase software entitlements for hundreds of rights, which are then distributed to several employees and machines. Software license management helps organizations to document and track an organization’s software portfolio.

Why do organizations need software license management?

YatheeshSoftware license management ensures compliance with a given software’s End-User License Agreement (EULA). EULA typically specifies how a software product can be used and how many users are permitted and penalties in the case of violation. In case the organization is being audited, procurement teams will have to spend a lot of time and resources to inventory all software usage and prove compliance. In case the organization is found to be out of compliance, they have to true-up their licenses where they buy the software at its book price. Additionally, they may also incur some fees or penalties. The company not only lose out on the financial front, but their reputation also takes a blow. Customers and clients of the company may lose faith in them, and their business would suffer. A good software license management tool will ensure compliance with all such issues and maintain business continuity.

 

How can better software license management yield cost optimization?

Leading procurement organizations can optimize their license spend by negotiating with large suppliers. Also, the teams should assess the role of third-party software asset management companies and the value benefits they offer. Tracking software usage and staying compliant helps procurement teams to plan future purchases wisely by knowing the software that is frequently, rarely, or occasionally used.

Conducted by SpendEdge’s procurement experts, this webinar on the 25th & 26th of Apr would deal with the following key considerations:

  • What is software license management?
  • Why should organizations have software license management in place?
  • How procurement teams can yield cost optimization with better software license management
  • Consequences of non-compliance with software licenses

    EMEANA

IR30

Top Trends in Management Software – ERP, CRM, and Business Intelligence

Globally, business processes are growing more complex due to the involvement of multiple stakeholders, regulatory compliance, and voluminous transactions. The growing complexity has paved the way for management software to simplify things and process complex transactions. Today, all top organizations use management software to carry out their daily activities, including strategic operations. The advent of machine learning, complex algorithms, and brute computing power has introduced a systematic and logical approach to business decision making. Organizations are increasingly adopting ERP systems, CRM software, and business intelligence software to maximize its ROI. Here are some of the recent trends influencing the growth of the markets globally:

Trends in ERP Management Software MarketERP

  • Majority of the users are opting for cloud platform instead of on-premise based ERP. Organizations are favoring cloud-enabled ERP due to their lower initial investment requirement, infrastructure requirement, and implementation time requirement
  • The large business organizations predominantly use ERP systems. But with the advent of cloud based ERP systems and SaaS ERP software, SME’s are also increasingly adopting ERP management software
  • Developers are designing the ERP system interface much like social media to facilitate the ease of use

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Trends in CRM Software MarketCRM

  • Similar to the ERP software market, the CRM software market is also shifting towards cloud platform due to high agility and low costs. The report on CRM software market states that 40-45% of the CRM software solutions used in 2016 are cloud based
  • Customer relationship management software suppliers are gathering complaints, feedbacks, and insights from social media to assist the CRM software since it serves as an excellent platform to handle and resolve customer issues and complaints
  • The use of mobile CRM is on the rise as it assists the sales team to manage business contacts, client, and contracts. The report on CRM software market states that mobile CRM application can increase revenue by 40-42% per salesperson

Request Free SampleTrends in Business Intelligence MarketBusiness Intelligence

  • Suppliers are turning their attention towards developing self-service BI tools that allow business users to access and analyze complex data sets without requiring advanced analytical skills. Self-service BI tools are designed to incorporate agility and flexibility in business decisions
  • The business intelligence market has been emphasizing on advanced visualizations tools as large data sets and statistics are not easily comprehensible to all. Since businesses generate large volumes of data, the need for visualization tool is on the rise
  • Organizations are demanding mobile business intelligence tools to enhance mobility and equip relevant personnel with required The need for mobile BI is also driven by the importance of efficient real-time decision-making

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Reverse Logistics and Supply Chain Challenges

One of the most complicated and poorly understood terms – reverse logistics (RL), is also one of the toughest nuts to crack. Thankfully, today we have the right technological support in place to help us sail through many of these hurdles. A rather complex process, reverse logistics is the exact opposite of forward logistics. When it comes to supply chain management, RL holds a rather strategic position in its design and development. And therefore, it becomes even more interesting to understand the practical details of this process.

Major hurdles for supply chain managers

#1 Hurdle: Difficulty in value assertion

Unlike the case of forward logistics, it is rather difficult to ascertain the value of the goods in case of RL. Typically, the usable status of the goods needs to be taken into consideration to reach the value of the product. For instance, it is rather difficult to ascertain the cost of product worth USD 1000, when there is a minor defect in it. With the defect, neither is the product worth the original cost nor can its cost be brought down to zero.

Therefore, a proper mechanism to ascertain the value of the product needs to be adopted.

#2 Hurdle: Search for an efficient repair process

An efficient repair process is essential for the proper functioning of any reverse logistics system. A software which streamlines this process, through visual guidelines for technicians to execute the repair process in an effective manner. Video tutorials for compressing the learning curve and helping the bench techs will go a long way in speeding up the entire repair process.

But often a lack of the right software makes the process slow and cumbersome.

#3 Hurdle: Keeping track of the warranty status

This is perhaps one of the most complex things to handle. There are many situations when tracking the secondary warranties is difficult for organizations. This is because most of the RL software is unable to track the secondary warranties back to the OEMs, which make the process of placing claims a tad more difficult. Thus, the organization ends up losing warranty reimbursement amount from the suppliers.

What is needed is a software which effectively captures the anomalies in warranty calculation, so that the company does not have to face financial losses.

#4 Hurdle: Taking care of dealers and contractors

What makes the process of RL even more difficult is the involvement of contractors, sub-contractors, and distributors in the supply chain. Software fails to capture the movement of replacement parts back to the dealers or contractors. This creates a lot of confusion in the accounts, as well as in keeping a check on the quality of products being distributed.

Final Take by SpendEdge

Given that reverse logistics is a complex process, organizations should diligently make it a point to be vigilant in tracking the movement of goods sent back to the warehouses and third party dealers. Also, upgrading the software being used for this process will have a huge impact on reimbursement claims and financial planning of the organization.

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