Business Blog

The trading and distribution business workflow handles an array of tasks from inventory management to sales quotation, order receipt, order fulfillment, procurement management, and sales analysis. In extreme cases, ineffective control over inventory could also lead to cost overruns and overstock. Hence, it becomes important that everything is manag....

So you have already been dealing with heavy machinery and equipment for a number of years, providing rental and sale of equipment? For the rental business, it is already on an upward trend in most parts of the world. The growth is similar in Europe too, where growth is expected between 2% and 3% each year. But as it goes, every new step comes with....

Dealing With Cost Overruns in Construction Industry Any company who undertaken a construction project is well aware that there will be setbacks resulting from procedure and construction time delay, along with an increase in costs overrun. The setbacks occur in spite of Construction Industry remaining fully aware of the situation and concern about t....

The role of procurement has evolved drastically over the years. From an erstwhile cost-saving function to an invaluable strategic partner with responsibilities that span risk management, development of new product, contract compliance, supplier performance, sustainability impact and more, it encompasses myriad roles and responsibilities now. Today....

Market volatility being a critical factor, manufacturers must discount this risk when it comes to putting up with new technologies. Digital Transformation By adopting today’s cutting-edge capabilities, it’s reasonable to envision “one world”, where everything will be shared on a single platform for all, be it the customers, designers, and o....

Construction claims is not an uncommon sight in the Construction Industry. They occur often due to a host of factors namely design alterations brought about during the post-tender phase. The other reasons for such claims are the implementation of the project for short time frames with improper site investigation, tender cum contract documentation.....