Selecting the right ERP system for your company in 2023 is critical for growth. We explain why companies should adopt Cloud-based ERP solutions. A robust Cloud ERP system offers greater visibility of information and enables business growth. A typical ERP focuses on core business activities such as human resource, finance, accounting, supply chain, inventory and...
Recessions affect all kinds of businesses, regardless of the industry or size; and declining wholesale-retail sales, industrial production rates, incomes, and much more can negatively impact companies for months. To successfully tackle a recession, take your cues from those who gather emergency supplies before the storm hits and prepare your business in advance. Yfos cloud...
Since the start of the pandemic in 2020, the world has convulsed and attempted to mitigate it. Manufacturing used to quietly keep our stores, homes, and businesses well stocked with a wide assortment of goods. In recent years, companies like Amazon set expectations for almost instant home-delivery of anything. Now manufacturers feel the heat of...
Manufacturers are obsessed with productivity, and rightly so. But optimizing productivity requires insights across the horizontal and vertical operations among the supply and demand chains. You need to know your production capabilities, what customers want, and how you will deliver. Manufacturers refer to this complex coordination as capacity planning. Creating a successful capacity planning strategy...
Tracking employee expenses is a tedious activity, and as compliance requirements become more complicated, many finance teams are shifting away from general spreadsheets. All while expense data continues to grow. In addition, there are several pain points associated with a manual expense reporting system like excel. However, many professionals are still on the fence about...
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Nowadays the steel industry is facing challenging times: global economic uncertainty, high inflation, rising oil prices, geopolitical conflict and labor shortage just to name a few. It is time for being cautious, very well organized and efficient. . Cloud ERP solutions like Yfos, enhance overall performance and workflows, enabling efficient processing of production orders, minimizing...
An Enterprise Resource Planning (ERP) system is a software used by organizations to manage their business activities such as accounting, procurement, project management, risk management and compliance, and supply chain operations. Blockchain is a collection (chain) of computers working on a single project. It automatically tracks, trades, and processes data through various servers. For businesses,...
Enterprise resource planning (ERP) represents a bold new vision for distribution and how distribution companies operate. Let’s take a look at how ERP software changes the game in one of the world’s most pervasive and complex industries. When your supply chain extends around the globe, you reach bigger audiences, better vendors and valuable untapped markets....
Cloud computing and Software-as-a-Service (SaaS) are quickly becoming mature technologies, and with that maturity comes the ability to take on the most demanding applications. Enterprise resource planning (ERP) software is among those, and cloud-based ERP solutions now offer an incredible range of possibilities and advantages to businesses large and small. The numerous benefits of cloud-based...
