Tekoa Software Enterprise Cloud

 Improve Inventory Management Business Processes www.TekoaERP.com By: Amy Sterk What is a “business process?” The different kinds of business processes are the different tasks and actions that are performed in order for a business to operate and provide their product or service.   Even though each organization will have its own version and alterations on their business processes, the three that are considered to be the fundamental processes are, procurement process, production process, and fulfillment process. What is the fulfillment process? Considered to be the third of the core processes, in the fulfillment process the products or services are delivered to the consumer or buyer.   The fulfillment process is broken down into the steps of; Receive Customer Order, Prepare Shipment, Send Shipment, Send Invoice to Customer, and Receive Payment. Of course, each of these steps has many different aspects and variables depending on the nature of the business an...

The Essentials of Business Process Management and Your ERP By:  Jesse Salzwedel While running a business, there are several objectives an owner needs to do while attempting to gain a profit. One of the most important things is being able to multitask and supervise at all ends of the spectrum. Whether that be sales, marketing, or communications, it is crucial that an owner is aware of his company at all times. However, one section tends to get looked over, and because of this, problems often occur. Business process management (BPM) is a section that each company should be improving on a day-to day basis. This section is responsible for defining a company's problems, and creating ways to get rid of these complications. There are a number of business process problems that occur in today's world, and it seems that although companies grow more aware of them, they don't do much to stop them. The following paragraphs will list some of the problems that modern businesses face:...

Business Growth with Wise ERP Management By:  Ian Wanamaker  The best problem you can have in business is that your company is getting big, bigger than you ever imagined, too big maybe. This is the "problem" that Goldbelt Incorporated is currently facing. For the last two summers I have worked as an intern with Goldbelt, most recently in the accounting department, Goldbelt is a regional Alaska Native Corporation formed under ANCSA (the Alaska Native Claims Settlement Act). Goldbelt made it's start as a corporation in 1971when the federal government issued them a chunk of land, a lump sum of cash, and many shareholders. From those humble beginnings Goldbelt has grown into an international Corporation based in Alaska but with headquarters in Virgina, and subsidiaries around the U.S and some in South America. The reason it is an "issue" that Goldbelt has gotten so large is that a serious overhaul is needed to get all of their subsidiaries to localize an...

Tips and Tricks for Resolving ERP Business Process Problems By: SoonKyoo Kwon  Numerous enterprises today suffer from many different business process problems. These problems can be very damaging since they may result in inefficiency, and possibly in loss of some data. Business Process Problems - "The Frustrating Five" David Roe, Covers Document Management, Enterprise CMS, GRC, listed 5 main business process problems (issues) and named them "The Frustrating Five." In this blog, I am going to discuss 4 of the 5 major problems that Roe mentions. Bottlenecks "Information bottlenecks are still common and result from a lack of consideration of the value of particular information, or content, and its relevancy in the business process." (Roe, 20 II) When enterprises have too many variables in a process, the process tends to have poor quality.  As a result, error rates will increase, and customers will experience confusion. The Paper Trail "Man...

Technology Growth Means Change in Business Processes By: Drew Broesamle www.TekoaERP.com A current process problem businesses have experienced is working to adapt their strategies towards the current culture of demanding everything right now through the internet. This includes the recent shift toward mobile browsing on phones and tablets. There are a lot of businesses created in an era where everything was brick and mortar. Now they have been forced to shift their process or fail. More and more people don’t want to leave their house to get what they need. They want everything at their fingertips. There has been a dramatic shift to online and mobile shopping. Companies like Blockbuster have had their entire business model made obsolete by Netflix and online streaming of TV shows and movies. This has resulted in Blockbuster announcing the closing of their stores earlier this month. While companies like Amazon have thrived off the shift and exists entirely online. Currently ther...

ERP Business Processes Need Periodic Review. It is time to evaluate the way your Enterprise functions. By: Kevin Son www.TekoaERP.com Today's Enterprise needs good business processes to succeed. One business process problem today’s enterprise has to cope with is that whether or not business processes need to be designed by anyone or by those who have special skills. Creating an effective business process can help to generate more profits and to increase efficiency. What should be taken into consideration are the structure of your organization, the available budget for a business process design, and how people in your company would respond to changes. A process design describes: The process flow – a series of tasks necessitated to attain a business goal The resources employed to implement the process The business environment in which the process runs During business process design, also called business process redesign, organizations have to make an...

ERP Data Is Growing At Phenomenal Rates - How Do We Use It? By: Aleksandr Solodyankin www.TekoaERP.com Such a question seems impossible to answer, given 2.5 quintillion bytes of data are added daily. But who cares? It’s not like there is a way to standardize that information in a way that’s usable. But wait, there is, such software is available and is beginning to be utilized by companies to better their business. Big data gives rise to potential questions such as: · What is big data? · Why use big data? · Who uses big data? What is Big Data? Short answer: super-specific information about individuals. Big data is exactly the opposite of what the name infers. It is not that the data is itself large, but that data is increasingly more specific. A company is no longer limited to general information such as what sites an individual visits. The data being recorded now includes what pages within the site are visited, for how long, what they look at, what they even thi...