#im3scm

[peopleplussoftware]

iM3 SCM helps schedule, plan, manage and track all maintenance activities. Learn more today! 📲 Call Us: +1 734-531-6620 🌐 Website: peopleplussoftware.com

[peopleplussoftware]

Assessing supplier contribution to your business can improve profitability and business continuity.

Connect with us to know more about the iM3 SCM - http://www.peopleplussoftware.com/demo-booking

[peopleplussoftware]

Do you know what’s in your warehouse? 

𝐀𝐮𝐭𝐨𝐦𝐚𝐭𝐞 𝐭𝐨𝐝𝐚𝐲 𝐰𝐢𝐭𝐡 𝐢𝐌𝟑 𝐒𝐂𝐌 - http://bit.ly/3hCgTg9

[peopleplussoftware]

Connect, Automate, and organize your Warehouse and Field Service Operations with iM3 SCM Mobile.

𝐆𝐨 𝐦𝐨𝐛𝐢𝐥𝐞 𝐭𝐨𝐝𝐚𝐲 - https://bit.ly/2CpzmxH

[peopleplussoftware]

Features Of Supply Chain Management & SCM Requirements

Businesses today are constantly seeking ways to improve their operations and increase overall profits. Many businesses have explored the possibility of implementing an automated supply chain management system to streamline their processes and cut back on waste while also increasing productivity and reducing costs. PPS's automated supply chain services can certainly make a company's life easier by reducing day-to-day time-consuming manual work, in areas such as inventory management, procurement, warehouse management, order tracking and more.

To know about the features of SCM better, let’s discuss them one by one:

ROBUST FUNCTIONALITY, AUTOMATED SCM

One of the main features of an automated supply chain management system is monitoring all aspects of the entire process precisely. Because these systems often perform automated functions, they need to examine all business aspects precisely.

This includes inspecting every product's status, examining the condition of individual products as they are being delivered, analyzing the speed of product movement, and analyzing the packaging of products that will be received and handled. Also, because some automated supply chain management systems can give recommendations for improving efficiency and reducing waste, employees are less likely to be confused or distracted during any part of the day.

REAL-TIME DATA CAPTURE AND ALERTS

Another integral feature offered by SCM solutions is the ability to provide accurate predictions and forecasts by studying previous product history data, such as the sales trends for a given product, product category, customer groups, seasonality and more. These predictions can be extremely useful for companies that have hundreds of transactions per day or per week.

Along with sales, it also is crucial for both manufacturers and distributors to effectively capture and manage their cost of goods sold, automate customer or product pricing, and post the married ledgers to accounting. PPS’s iM3SCM system works with your accounting and billing team to understand your financial mapping and automate the chart of accounts directly from the system, so that your day-to-day accounting and balances are posted correctly in real-time.

INCREASED PRODUCTIVITY

Managing the workforce inside a warehouse requires effective leadership, stringent regulation, and human care. High-yielding individuals are difficult to find, easier to train, and extremely strenuous to keep. As a business if you’re not constantly exploring technology to help streamline processes and eventually make their lives easier this will have a direct impact on the bottom line.

With the right technology in place, you can automate the likes of mobile-computer barcode scanners to track and manage inventory levels in real-time. This will immensely help when it comes to providing a true inventory count and valuation, ordering and replenishing stock on time, prioritizing customer orders and demand, and shipping it out the door quickly.

As per QuickBooks Commerce (Tradegecko, Using Supply Chain Automation to Overcome Operational Challenges)

“Automation is a game-changer in supply chain management. In the digital age, businesses need to optimize their workflows to maintain a competitive edge, and supply chain automation enables you to do just that.”

These are just a few of the main features of an automated supply chain management system. Numerous other features can be experienced when someone opts for a customized SCM system offered by PPS’s iM3SCM system. By looking at each of these features, you can see that they can be extremely valuable to almost every business type. That’s why PPS ensures to introduce flawlessness and perfection while delivering any of the automated services to its clients.

[peopleplussoftware]

Unforeseen breakdowns can have an exponential impact on the complete supply chain process. Implement a preventive maintenance schedule to keep your equipment in top condition and provide meaningful service to your customers!

𝐂𝐥𝐢𝐜𝐤 𝐡𝐞𝐫𝐞 𝐭𝐨 𝐤𝐧𝐨𝐰 𝐦𝐨𝐫𝐞 - https://bit.ly/3mSWc3q#im3scm 

[peopleplussoftware]

E-Procurement, the importance of Digital Procurement Transformation

Traditional purchasing or procurement management involves the scouting of various suppliers or vendors, evaluating and negotiating terms, and acquiring the required products or services. In today’s ever-changing digital world, procurement has evolved immensely into a digital tool allowing businesses to interact with one another and reduce cost on commodity goods, parts, and services.

Procurement management has four main functions: planning, scouting and sourcing, communicating, and closing.

Supply Chain software systems incorporate real-time inventory intelligence, to allow purchasing managers to automate their product requirements or procurement needs. By managing their consumption, monitoring minimum and maximum values, and tracking reorder quantities – managers can generate automated purchase orders. Additionally, purchasing managers also have to manage their vendor database and track their vendor contracts to define and update inventory costs.

SOME OF THE KEY RESPONSIBILITIES AND DECISION MAKING THAT NEEDS TO BE MADE INCLUDE:

Association between various vendors and inventory categories, individual parts

Determine a selection criterion to help narrow down potential suppliers

Call for proposals and bids; vendor rating/scorecard

Form contract and maintain relationship

Data Driven Procurement

With the emergence of digital platforms (Amazon, Shopify, eBay, and many other personalized ecommerce hubs) which allow for B2b or B2c operations to sell their products to the end user – companies must adapt to data driven systems in order to provide competitive pricing and service to their customers. As per a study conducted by E&Y, by 2025 procurement decision making will be significantly influenced by high quality data analysis.

Revamp Procurement

PeoplePlus Software Inc., has developed a cloud-based platform, iM3 SCM, which automates inventory management, procurement, vendor management, vendor contract management, warehouse management, receiving, put away, order picking, invoice generation, quote/sales management and several other functions which enable digital transformation and efficiency. A solution developed keeping in mind the exact needs of the Supply Chain management functions, iM3scm a scalable, robust tool to optimize your SCM operations. iM3 procurement and purchasing management module provides visibility for product requirements and automates the purchasing process. Other valuable features include Min/Max Set up, Automated suggested reorder, Vendor Contract management, One Click Purchase Order generation, PO Releases and more. iM3 assures improved cash flows and accuracy.

Reap the benefits of consistent good quality, cost effective procurements with PeoplePlus Software’s iM3 SCM Suite - for your procurement management operations.

Contact us for more details:

Address: 3131 S State St., Suite 250, Ann Arbor, MI 48108, USA.

Phone: 734-531-6620

Website: www.peopleplussoftware.com

Email: info@peopleplussoftware.com

[peopleplussoftware]

IS YOUR BUSINESS EQUIPPED TO REOPEN TODAY?

Companies re-evaluate the need to incorporate technology such as digital systems and robots in order to improve supply chain operations.

As shelter-in-place orders continue its unpredictable and contrasting nature around the world, businesses must learn to adapt and innovate as they prepare to live in a post-pandemic global economy. Many essential businesses, such as automotive and manufacturing plants, are set to reopen as early as this week in the United States; but with the possibility of future shutdowns, limited staff and resource availability, companies must prepare to digitize their operations. According to Adobe Analytics (which tracks activity on thousands of platforms and websites), e-commerce sales surged to an eye-opening 49% jump in the U.S., between March 12th and April 11th. Therefore, companies are evaluating digital systems that improve speed, efficiency and productivity. Traditional Warehouse Management Systems (WMS) that support order fulfillment functionalities are expanding integrations with other platforms in order to incorporate automated order generation via e-commerce and point-of-sale (POS) solutions.

INVENTORY CONTROL & RETURN ON INVESTMENT (ROI) - 

Warehouse Management Systems track and provide several key functionalities such as:

Inventory & Asset Management, track the history and lifecycle of your critical products and assets.

Procurement, (Purchase Orders, Vendor Management, Replenishment, Receiving, and Put Away functionality).

Transactions, (Sales Orders, Work Orders, Customer Management, Automated Pricing, Invoicing & Accounting Software Integration).

Mobility, (Warehouse activities such as Physical Counts, transfers, receiving can be completed via robust warehouse mobile computer scanners &smartphone applications).

The cost or ROI on such products can be an expensive investment for companies, however, through the use of SaaS based models, software providers offer flexible and customized packages and solutions that work with your budget, and the benefits of the technology implemented far exceed the initial cost. Features like real-time inventory updates and tracking ensure that customers ultimately have a positive purchasing experience. It also allows managers and small to medium business owners the ability to manage their workforce and a multi-facility operation. Digital systems further motivate organizations to not only meet and track their individual or company wide productivity goals, but they also help users analyze the data collected through the use of various business intelligence reports and key performance indicators (KPI) dashboards.

“According to Verified Market Research, the global warehouse robotics market was valued at 2.06 billion dollars in 2017 and is projected to reach 5.9 billionby 2025, growing at a CAGR of 11.47% from 2018 to 2025.”

The use of AGV’s and customized robots are evolving industries such as Healthcare and E-tailing (or the selling of retail goods on the Internet). PeoplePlus Software Inc., a b2b SaaS company based in Ann Arbor, Michigan, is partnering with leading warehouse robotics manufacturers to integrate their cloud-based supply chain applications and WMS platform, iM3SCM. “We believe that more and more businesses are starting to realize that outdated manual processes and challenges around hiring additional labor to support these manual processes, can be solved through the implementation of AGVs”, says Ashwani Narula, Founder and CEO of PeoplePlus Software.

In the warehouse industries there are several types of warehouse robots, the most popular being Goods-to-Person Technology (G2P), which includes goods-to person picking robots that deliver items to picking stations, where operators are stationed to fill orders as items are delivered and AGVs, or self-driving bots that physically transport inventory from one location to another within the warehouse.

FINANCIAL UNCERTAINTY AND TIMES AHEAD…

The Federal Reserve estimates that the Coronavirus economic freeze could cost 47 million jobs and send the unemployment rate past 32% in the U.S., with companies looking to cut back on losses. However, business owners feel optimistic that other measures can be taken to ensure employee engagement and operational success through the use of digital transformation. From startups to large corporations, everyone is being forced to brainstorm, recreate, and ultimately transform their operations. For example, Airlines have started to use their often empty passenger cabins to transport essential items such as groceries or healthcare related goods, hotels are offering work from home employees a safe and clean experience by providing discounted rooms, Self-driving car manufacturers are exploring the market of food delivery, fitness and health companies have moved their workouts online and are making use of popular live-streaming platforms. In conclusion, the question remains: Are you well equipped to reopen your business today?