Technological Advancement in Business Today

Technological advancement has brought about the ease of work across every industrial sector. In the business world, the application of computerized systems is quite helpful. Some of the features applied in the business world include among the following.

ERP Software

ERP refers to Enterprise Resource Planning, which is simply software for business management. The ERP software sees to it that a business organization applies the use of integrated application systems for the purpose of automating and managing many functions of the back office. The ERP software application integration caters for every organization’s activity including manufacturing, product planning and development, as well as sales and marketing. ERP software can be designed for both large businesses as well as small businesses. The major necessity for the efficiency of ERP software is the presence of a dedicated team handling both its deployment as well as upgrading (Khosrowpour, 2006, p. 905).

Inventory Control Software

Also known as inventory management software, the above refers to a computerized system developed for the purpose of tracking and analyzing the level of inventory in an organization. In so doing, the software also tracks the sales, orders, and deliveries of stock. The above software is mostly relevant in the manufacturing industrial sector with respect to the fact that it seamlessly creates correct material bills, work orders, as well as various other documents related to production. The application of the Inventory Control Software is most useful in helping business organizations to avoid the outages and overstocks of products (Horwat, 2007).

Logistics Software

The modern logistic software stands as a revolutionary feature in the carrier logistic. The application of the logistic software is vital in the provision of enterprise level management solutions for transportation challenges that characterize the traditional freight carrying systems. The logistic software offer solutions that integrate the management of the carrier as well as the operations of the freight brokers thus raising a bar in the industrial sector of transportation logistics. With the acquisition and application of logistic software, a business organization experiences a massive reduction in operation costs and improvement in both corporate profit and general productivity (Carrier Logistics Inc., 2014).

Shipping Software

Just like the name implies, shipping software is used to bring efficiency in the long distance transfer of goods. Although closely related to logistic software, the shipping software has very specific features integrated to produce the best seamless transition of products from their vendor to their consumer. For instance, in the modern world, most business models incorporate online shops in various e-commerce platforms. In light of this, the shipping software comes in handy for the purpose of various activities. The software helps the company to receive, sort, process, package, mail and deliver all the online shipment orders placed on its e-commerce platform (Clayfield, 2013).

Purchasing Software

Also called procurement software, the above is software used by business organizations for the purpose of automating all their purchasing operations. The primary application for the purchasing software includes raising purchase orders, approving the viable purchase orders raised, ordering the authorized service or product, receiving and checking with the invoice particulars, and electronic clearing of bills. The purchases software sees to it that the purchasing department of a business organization follows through all the purchase orders clearly. It sees to it that all orders are approved in the right manner. In addition, it ensures that the business organization gets the best value for the purchases made (Kooijmans, Kak, Crain, Crepinsek, & Gadepalli, 2011).

CRM Software

CRM stands for Customer Relationship Management. A CRM software thus is a system put in place for the purpose of covering a broad set of applications in relation to a business organization manages customer data. It is software designed to enhance various relationship objectives such as customer interaction, marketing, sales automation, employee management, customer support, as well as partner and vendor relationships (Buttle, 2009). In short, the CRM software’s design aims at helping the business organizations meet their management goals with respect to customer relationship.

References

Buttle, F. (2009). Customer Relationship Management: Concepts and Technologies. Burlington, MA: Routledge.

Carrier Logistics Inc. (2014). Advanced Fully Integrated Transportation Management Software. Retrieved April 22, 2015, from carrierlogistics.com: http://www.carrierlogistics.com

Clayfield, C. (2013). Drop Shipping and Ecommerce, What You Need and Where to Get It. Dropshipping Suppliers and Products, Ecommerce Payment Processing, Ecommerce Software. Indianapolis: IMB Publishing.

Horwat, R. M. (2007). Web-based Inventory Management System for the West Virginia State Police. Ann Arbor, MI: ProQuest.

Khosrowpour, M. (2006). Emerging Trends and Challenges in Information Technology Management. Information Resources Management Association International Conference. Washington, DC: Idea Group Inc.

Kooijmans, A. L., Kak, A., Crain, S. A., Crepinsek, A., & Gadepalli, V. (2011). Value Realization from Efficient Software Deployment. New York: IBM Redbooks.

 

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