Digital Transformation

Welcome to My New Digital Transformation Blog


How COVID-19 Is Impacting and Reshaping Manufacturing

COVID 19 has bought the manufacturing activity to stand still and will leave a lasting impression in the manufacturing landscape. It has exposed the weaknesses in the global supply chain and thrown the questions around the same. 

With reduced spendings and plummeting oil prices, how soon the manufacturing companies can bounce back depends on government spending and also how individual companies adapt to the challenges. Here is a quick overview of the impact and potential trends in manufacturing post the crisis. 


How to Build a Successful On-demand Food-Delivery App? What Developers Must Know

Why is mobile application development important?

The increase in the number of smartphone users all over the globe has necessitated the importance of mobile application development. Businesses are developing advanced mobile applications to stay tuned with customers 24/7 and improve sales. Specially, mobile applications are transforming the way restaurants work. The process of order and delivery is completely simplified with mobile applications.

The need for on-demand food delivery app is increasing exponentially. But, the real problem for mobile application development companies is to build applications that are unique and different from the plethora of apps already available online.

What problems do people face regarding food delivery?


Your Ultimate Guide to Predictive Maintenance in Manufacturing

A prime reason that contributes to no value but growing costs in Manufacturing is machine downtime.

According to an Aberdeen report, the average cost of unplanned equipment downtime is $260,000 per hour. Unplanned downtime plays a critical role in the production and profit of any manufacturing company. 


Inventory Management for Enterprises – IoT Advantage & Benefits

Inventories play a meaty role in the success of businesses and managing them poorly not only increases TCO but also impacts the overall supply chain. However, maintaining accurate inventory levels is a prime challenge for most enterprises.

Still, many companies are using manual inventory systems or partially automated systems that hurt their overall supply chain.

According to Statista, inventory management is considered to be the th….


Complete Guide to Role of Mobile Application in Business Digital Transformation

Digital transformation is the biggest buzzword today. But, many industry leaders fail to realize the potential impact of digital enablers compared to aspects like a digital roadmap, strategy, implementation, etc.  

Specially, the introduction of innovative technologies like IoT, AI, ML, and RPA has shifted the eyeballs of enterprise heads from identifying the significance of mobile applications and their growth. 

The role of mobile applications as a key digital enabler can’t be taken lightly as they provide a massive advantage to any enterprise across verticals. This post brings out the importance of having mobile apps in a digital transformation strategy and how it helps enterprises accelerate productivity, growth, and RoI. 

Before getting started, let’s quickly take a look at what the digital transformation hype is all about and why you should worry. 


Smart Manufacturing: 6 Ways Industry 4.0 Solutions Are Transforming Shop Floor

According to MarketsandMarkets, Internet of Things (IoT) in the industrial sector, has given rise to a new concept known as the Industrial Internet of Things (IIoT), also known as Industrial Internet or Industry 4.0. 

The manufacturing industry is looking for solutions that deliver necessary intelligence and visibility to their existing process to optimize their operational efficiency. 

This post throws light on 6 ways Industry 4.0 solutions are transforming the shop floors of manufacturing companies


IT and DX Success – Biggest Budget Challenges

Digital Transformation (DX) is a buzzword all around the globe; however, it is not short of challenges. Of the many challenges faced by enterprises, budgeting plays a key role in deciding the implementing the digital initiatives successfully.  

The budget problems could be of different reasons; however, some of the common reasons include:

  • Ad-hoc vendor selections
  • Different vendors for different solutions
  • Lack of vision during budget planning
  • Increased total cost of ownership 

Here’s where the role of IT is significant in modernizing enterprises with ad…


Digital transformation – 5 Solutions Every Discrete Manufacturing Company Should Have

The manufacturing industry is maturing fast as around 60% of companies have started to adopt digital transformation solutions. Remaining companies have started to focus on digital solutions. 

Before getting started with how the manufacturing industry is steering success with digital innovations, giving a basic understanding to its processes is recommended. The manufacturing processes differ between companies. 

Let’s consider discrete manufacturing companies to understand automation plays a huge role in transforming the overall manufacturing productivity and RoI. 

Let’s discuss how digital solutions are transforming man…


Native, Web or Cross-Platform Apps – What to Choose?

Mobile app development is gaining momentum among companies, irrespective of industry verticals. With the Mobile-First Indexing and Mobile-Friendly approach introduced by Google, companies have started to look out for mobile app solutions that improve their performance and RoI. 

Current Trends and Future Prospects of the Mobile App Market

According to a report from The Allied Market Research Group, the global mobile application market size was valued at $106.27 billion in 2018, and projected to reach $407.31 billion by 2026, growing at a CAGR of 18.4% from 2019 to 2026. 

Mobile application market

The idea of investing in mobile app development is a wise option. But you’ll be bombarded with a barrage of terminology like native apps, web apps and cross platform apps. 


Digital Transformation: What, Why and Benefits


Digital-Transformation-What,-Why-and-Benefits

Digital Transformation is one of the most widely used terms today. Almost 90% of companies across the globe say they are into digital transformation services and have the powerful term in their websites. But, in reality, only a few companies have a definite idea of what digital transformation is. Varying definitions and broad use of this term are causing confusion around the topic. 

So, what digital transformation is and why is it echoed everywhere in the business landscape? If you’re looking for answers to these questions, the below discussion would help. 

Let’s get started with what is digital transformation. 

If you think automating a specific business process or workflow using technology or tool is digital transformation, you’re wrong.

What is digital transformation?


5 Tips To Create an Effective and Winning Enterprise Mobility Strategy

Mobilizing your entire workforce, processes, operations involves a huge volume of money, technology, time and human efforts. Performing this without a well-planned strategy will impact your overall business performance, productivity, growth, and ROI.

However, successful business mobilization lies in creating a winning strategy that practically works for your enterprise.

Even before getting started with how to create a strategy it is quintessential to understand what enterprise mobility strategy actually is.

What is an enterprise mobility strategy?

What Are the Ways to Improve Mobile UX – 3 Do’s & Don’ts of UX Design

User experience is the key to success of most companies. With Google focusing on the UX and mobile-first approach, companies have no other options than improving their user experiences of mobile applications. The prime challenge for mobile app development companies is to identify and adapt to the latest trends to impress users for delivering better service. 

Being a mobile app designer is always not simple. It is not always possible to do everything, which is expected out of you. The clients and stakeholders may sometimes misunderstand the whole process. 

The UX industry places an enormous emphasis on usability. User stories, site maps, wireframes, and usability testing get all the limelight—while visual design fades into obscurity. But in my experience, aesthetics plays an important part in almost every user’s experience of a product. Sometimes you will make mistakes but it is ok to fail and persevere.

Digital Transformation in Construction: Challenges, Technologies and Solution


Digital-Transformation-in-Construction

Digital transformation, unlike others presume, is not exclusively destined for any specific industry. The construction industry is undergoing a rapid transformation and top brands have already transformed their conventional process, technology, and systems with brand-new smart solutions. 

Why the construction industry needs a digital revolution? If this is the question you’re seeking answers for, well, here’s the answer. 

The construction industry involving a lot of complex processes, resources, and tools for any given project is never short of challenges. Some of the common challenges every construction firm faces are productivity, communication, product traceability, employee safety, on-time compl….


An algorithm in time saves millions – IOT and Predictive

Well, as you may have guessed, we have given a tech twist to the famous proverb – a stich in time saves nine. However, mind you this is no tongue in cheek statement; nor mere wordplay. Knowing what could go wrong in real time and acting on it before it even becomes a risk – especially in manufacturing, transport and process industries – has a huge impact on top line as well as bottom line. Thanks to Industrial IOT and Machine Learning, we are now entering into ‘Predictive Maintenance’ from Reactive Maintenance and Routine Maintenance.

The technology side of IoT can be understood as ‘seamless, real time control through automation’ i.e., connecting a variety of sensors and using that network to run a factory on a day-to-day basis or get information. The business value is in taking that to create actionable insights. Predictive Maintenance for sure.

It is a no brainer that Predictive Maintenance focuses on……


Decoding Digital Transformation: CEO’s Perspectives for Business Transformation Success

Despite the debates on the CIOs have to lead the digital transformation from the front to achieve success, the role of CEOs can’t be overlooked as both CIOs and CEOs have to collaborate together at some point to ensure painless transition. 

90% of CEOs shoulder the transformation roadblocks and challenges according to reports. 

But the real problem with most companies is that many CEOs still don’t understand the role of marketing the strategy to stakeholders, clearing roadblocks on aligning resources and re-defining the future culture of the organization fully.


Digital Transformation & IT – Addressing Employee Buy-In Challenge


Employee buy-in challange

Digital transformations not only help your enterprise scale up productivity but also can bring down productivity at times.

Wondering how both scenarios are possible? Yes, they are. The below paragraph will help you understand why digital advancements can impact productivity. 

If you presume the success of digital transformation (DX) is defined by CIOs, CEOs, CTOs, you are wrong – employee adoption makes a big difference when it comes to DX success. If employees don’t keep up, there are high chances of your DX program failing miserably. 

Mostly employees that have been using the legacy systems or technologies for years will resist changes. Introducing a new technology or solution to the existing ecosystem without any prior notice would impact the way they work and create aversion. 

Shared below are a few points that would force your employees to halt your digital transformation initiativ…..


Web App Development for Enterprises – Benefits and Trends for 2020

Web application development is growing popular across enterprises. Many companies have started to include web applications as part of their enterprise strategy to improve business RoI. The best part of web application is enterprises can deliver amazing user experience across any devices as the software runs only on the client servers. 

The increase in the number of websites could only mean that the growth of web applications will soar in the years to come. 

With the increase in demand, web developers have to focus on the key trends and technology advancements of 2020 to help enterprises with world-class applications driving user engagement and RoI. 

Here in thi….


Digital Transformation – Understanding Change Management Challenges for IT (and Solutions)

Digital transformation challenges

A key factor that drives the success of the digital transformation is change management. Business transformations in an enterprise not only impacts the technology and business models but also the people (workforce, customers, vendors) involved. 

Change is one of the make or break factors for any business and poor change management can be a disaster to your digital transformation program. This is where the role of IT becomes critical and the inputs of a CIO comes in handy. 

With most companies focusing on modernizing their legacy systems with advanced solutions to improve productivity and growth, it is a must for CIOs to unders…..


Complete Guide to Calculating & Improving Overall Equipment Effectiveness (OEE)

Measuring the output always matters and in manufacturing, it is even more important. The industry involves a lot of different processes and measuring the effectiveness of the process is always a challenge. Success can not be measured based on the output alone in manufacturing industries, it has to be based on the rate of production achieved against expected (Planned Vs Actual). 

In short, measuring all the components involved like machines, humans, and inventory in the shop floor matters. This is the reason why manufacturing companies have KPIs to track and measure manufacturing process effectiveness. Out of all KPIs, OEE is a good indicator on machine utilization & effectiveness.  

Guide to Calculating and Improving Manufacturing OEE

OEE-and-Manufacturing_2

A critical KPI that is widely used by manufacturing companies all over the globe is Overall Equipment Effectiveness (OEE). The idea of measuring OEE data is all about identifying the reasons for downtime and improving the equipment effectiveness resulting in increased production rate. In other words, improving OEE on the floor will boost productivity. 

The purpose of this guide is to help everyone understand everything about OEE and ways to improve it. 


15 Digital Transformation Mistakes to Avoid

Digital transformation is the rage, yet 78% of companies fail while implementing digital initiatives. Many companies that actively start the program falter after a few months.

Here are 15 mistakes that contribute to digital transformation failure. Avoiding these mistakes during your digital transformation program will help your business enjoy the plethora of benefits associated with digital push. 

Let’s get started with the mistakes and tips to….


Why IT Matters for a Successful Enterprise Digital Transformation

Why IT matters for a successful digital transformation

The success of digital transformation not only relies on CEOs of enterprises anymore. Latest reports indicate that CIOs play a critical role in the strategic discussions and successful implementation of digital transformation (DX).

Why enterprise CEOs must involve CIOs when it comes to investing in digital solutions for their business? What role IT plays in DX success?

If you’re someone seeking answers for the above questions, well, this post is exclusively for you.

Understanding the impact IT on digital transformation

As digital transformation is all about reinventing a business’ model, people, technology through advanced digital solutions, this will have a massive impact on your vendor and customer rela….


3 Points to Consider While Choosing A Digital Transformation Partner

Digital transformation needs no introduction as several reports indicate that it is widely practised across industry verticals. 

By all means, digital transformation is a never-ending journey for any organization. As customers and markets, as well as technologies, evolve, there is always a need for companies to digitally reinvent the organization fully or in parts.

In the early phase of the 21st century, digital technologies were being deployed in businesses with the main focus on improved daily operations, enhanced efficiency and level of output. Today, a majority of the digital transformation initiatives focus on delive….


5 Proven Steps to Success in Digital Transformation

Who wants to go digital?

As a business leader, how often do you feel that you’re no longer playing by the same rules that you were playing 2 years ago? What changed really?

It is the world that has changed beyond imagination. What set enterprises apart — scale, reach and brand — have a lesser impact. Because digital technology has fundamentally changed two things: the dynamics of the markets and the speed required to remain competitive.

According to the IDC Semiannual Digital Transformation Spending Guide, worldwide spending on the technologies and services that enable the digital transformation of busin…


7 Reasons Why Enterprises Choose Xamarin for Cross-Platform Development

According to several reports, 80% of enterprises are focusing on developing applications supporting multiple platforms like iOS, Android, and Windows, because cross-platform apps are easy to use and cost-effective.

Well, the next question you’d like to hit me with subsequently is why Xamarin for hybrid app development?

The sections below would help you understand why Xamarin is widely preferred by enterprises for developing hybrid applications.


Digital Transformation – A Reality Check Before Biting the Bullet

You have been hearing about the Fourth Industrial Revolution. It’s probably the hottest topic for businesses, thought leaders, policymakers, scientists and of course technocrats.

Klaus Schwab, the Founder and Executive Chairman of the World Economic Forum, who coined this term, writes – “The First Industrial Revolution used water and steam power to mechanize production. The Second used electric power to create mass production. The Third used electronics and information technology to automate production.

Now a Fourth Industrial Revolution is building on the Third, the digital revolution that has been occurring since the middle of the last century. It is characterized by a fusion of technologies that is blurring the lines between the physical, digital, and biological spheres.”

He makes a very important, pertinent point – “Neither technology nor the disruption that comes with it is an exogenous force over which humans have no control. All of us are responsible for guiding its evolution, in the decisions we make on a daily basis as citizens, consumers, and investors.”

While Digital Transformation as a term is still misunderstood, today, digital transformation as a business imperative is widely agreed upon. What then is a digital transformation in practice? Is it an IT project? Or the introduction of a few cool tools in the company? Or the addition of mobili….


Digital Transformation: 3 Secrets Your Consultant Won’t Tell You

The story of Digital Transformation is not without its pitfalls. There are roadblocks that need to be recognized, understood, analyzed and addressed before the changes kick in. More often than not, it is not an external consultant who will highlight these challenges to you, but it is you who will have to call out the elephant in the room.

Here’s an interesting story that would help you understand why the entire company has to align with Digital Transformation goals to make it working.

Let’s assume a mid-sized enterprise planning to transform their business with digital solutions. The enterprise has been seeing its profits dwindling and they undertakes an organizationa…….


Steps to Success in Digital Transformation – Part 2

The essentials

In the first part of ‘Steps to Success in Digital Transformation,’ we looked at key steps from a strategic perspective of (a) understanding the digital imperative, (b) having a clear vision & strategy, (c) staying centered on customer outcomes, (d) digitizing for operational excellence, and (e) connecting the dots of people, culture, technology, process, product and customer experience.

In this second and final part, we dig a little deeper into how a digital transformation strategy becomes successful. According to Ashley Friedlein, Founder of Econsultancy, ‘Digital Transformation is the journey from where a company is, to where it aspires to be digital.’ Every journey requires preparation and it can be challenging to know what an enterprise should have in place for digit…..


Smart vs. Traditional Manufacturing: A “Never-Before-Seen” Comparison

Manufacturing is an ever-evolving industry and data shows that the industry contributes to the significant amount of revenue to any country. With said that, the industry leaders have started to shift their focus from traditional to smart manufacturing using industry 4.0 solutions as they offer a plethora of benefits to operators, managers, and executives of companies under this sector. 

However, a recent study has indicated that still, some companies haven’t taken the smart way to improve the way they work and struggling to accelerate productivity. This post is all about helping companies, still believing only in traditional systems, with specific details and benefits of how smart manufacturing will take their business operations and customer satisfaction to a new level. 

Industry 4.0 solutions have taken manufacturing by storm. According to a Forbes report, the new machines, devices, and robots will help comp….


Is your business ready for digital transformation?

When was the last time you have performed an online transaction via your mobile? A few days back, yesterday, or a few minutes back? Most likely, yesterday or a few hours back or even while you are reading this – right! And now if we talk about consumption of information, sharing of a news or sending a business communication – all via mobile – your answer would be ‘it is happening all the time that you do not know when was the last time’. Now is your business engaging with customers 24/7 through this medium – even if there are no transactions to be performed? If not, can you really say your business is competitive, customer focused and market driven?

Well, we are not saying that digital transformation is all about going mobile. There is much more. Let us understand the term digital transformation better before we look at in detail. In simple terms, let us demystify this.

Digital transformation is a term that has been thrown around a lot for the last couple of y….


Demystifying Digital Transformation Strategy: What, Why and How

Setting out for digital transformation without a definite strategy is like a bird without wings. Not many companies have even the slightest idea of developing a robust roadmap for their digital transformation initiative. 

As business transformation using digital technologies is a long haul, executing the program without any plan can be detrimental to business, as this involves people along with model and culture. 

Even before setting out for a digital strategy for business transformation, it is a must for C-level executives to decide on 3 things: 

  1. Why your business ne…..

10 Digital Transformation Technologies & Trends That Will Dominate Enterprises in 2020

MarketsandMarkets forecasts the digital transformation market to grow from USD 290.00 Billion in 2018 to USD 665.00 Billion by 2023, at a Compound Annual Growth Rate (CAGR) of 18.1% during the forecast period. 

Markets and markets analysis

The report also reveals that the digital transformation market has witnessed substantial growth, owing to digitalizing organizational business functions to serve changing customer preferences and enhance operational efficiency, rapid proliferation of mobile devices and apps, and increasing penetration of IoT and adoption of cloud services, and need to improve operational performance to gain competitive benefits in the market. (Source: MarketsandMarkets)

As digital business transformation is going to take the center stage of most organizations, here are the top 10 digital transformation trends that will dominate the enterprise landscape in 2020.

  • Customer Experience

Customers. Customers. Customers. The year of 2020 is g….


DX in Manufacturing: The Need for Creating Intelligent and Connected Businesses

The way people presume digital transformation varies significantly.

For some, it is all about transforming the manual to automated processes, while it is utilizing and managing information wisely for making fast and accurate decisions.

Be whatever digital transformation brings to the table, it is changing the face of the manufacturing industry, remarkabl…….


Guide to Industrial IoT in Manufacturing – Growth, Benefits, Use Cases [Infographic]

In fact, implementing IoT devices have helped a lot of businesses with surplus benefits than limiting to addressing machine maintenance problems.

The below infographic will help you with some of the benefits of IoT in Manufacturing..


Smart Manufacturing: Top 5 Shop Floor Challenges (and Solutions to Overcome)

Growing customer needs and technology advancements have started to transform all industries and manufacturing is no exception.

For those who are wondering what a manufacturing shop floor is, the definition goes below. 

Shop floor is the place where the actual productivity happens and this plays a major role in the growth of the company. 

With too many challenges to seek solutions for the industry is looking for technology advancements to help improve shop floor productivity, growth and ensure delivering unparalleled customer experience. 

Here’re 5 common challenges shop floor is confr…


Your Guide to Smart Manufacturing: Turning “Lack of Visibility” Challenge to “Transparency”

As many presume, manufacturing industry not only produces goods but also addresses to the potential needs of critical sectors like Aviation, Defense, Space etc. In fact, the industry plays a vital role in impacting any country’s economy. However, manufacturing companies do face a unique challenge: lack of data visibility. 

This challenge not only creates an impact on the decision-making abilities of the C-level executives but also impacts the efficiency of the employees, machines, supervisors, plant managers etc. 

With the economic slowdown widely pronounced, manufacturing companies are looking for solutions to overcome both the data transparency and economic crisis challenges as this is quintessence for the revival.

Of the two challenges, the economic crisis stems from external reasons; however, production decline due to lack of data visibility must be addressed immediately to ensure a seamless produ…..

4 Ways Artificial Intelligence Is Transforming Manufacturing Industry

The C-suite executives of manufacturing industry are under immense pressure to innovate and find new streams of revenue as unplanned downtime, labour costs and other legacy systems/processes are killing the productivity and growth of businesses.

If you are a CEO or a CIO of a manufacturing or a processing company yet to decide on investing in Artificial Intelligence and wondering what would be the RoI, you are not alone.

However, it’s high time to invest in a next-gen technology like Artificial Intelligence as this offers a plethora of benefits to any industry.

Today, top-level executives of manufacturing industry are investing in AI to improve operational efficiency, productivity, performance. From achieving significant cuts in downtime to generating better-designed products and improving the safety of employees, AI is truly evolving manufacturing.

In a Forbes Insights Survey on Artificial Intelligence, 44% of respondents from the automotive and manufacturing sectors classified AI as “highly important” to the manufacturing function in the next 5 years, while almost half, 49% said it was “absolutely critical to success.”

 According to marketsandmarkets, Artificial Intelligence in the manufacturing market is expected to grow from USD 1.0 billion in 2018 to USD 17.2 billion by 2025.

AI in manufacturing
(Source: MARKETSANDMARKETS)

The key is to take advantage of this trend in time to ensure that your company does not lose out to the competition. The scope of application for artificial intelligence in manufacturing is remarkably vast –from real-time maintenance of machinery to better supply chain models that allow your company to adapt to an ever-changing market.

So let us look at some of the key benefits of AI in manufacturing.

How to Use Predictive Analytics for Mobile App Development

Data collection plays a key role in business success today and leveraging the insights from data is what most companies are looking for to make informed decisions. Be it any industry, leveraging data insight is super important to improve business processes and performance. 

Whether you are running a test or using any project management suite or compiling the source code, you are generating data. The data then can be turned to data sets. 

What if you could turn these data sets into useful insights for identifying patterns and predicting future outcomes?


Chatbots for FinTech App – How Chatbots and Mobile Apps Play Together

While a lot has been debated on whether chatbots will replace mobile apps in the future, the scenario is yet to take over as people’s love towards mobile apps hasn’t perished. The best way now is to make mobile apps play together with chatbots to improve business RoI. 

Be it FinTech or any other industry, combining the power of chatbots and mobile apps will certainly add a significant edge over the competitors. 

What is Chatbot? Why are Chatbots Important?

Asset Management with IoT – How to reduce your Asset costs by using IoT

Traditional or modern or the highly advanced – the key to profitability in Manufacturing, both product, and process manufacturing, is in the most productive utilization of your assets, physical as well as human. A performance-driven company would be obsessed with quantifying, tracking, measuring, and monitoring their assets. Thanks to the power of the Industrial IoT solutions, managing your assets is now smarter than ever – because it is now accurate, comprehensive, intelligent, and real-time.

And compared to legacy models of asset management, IoT asset tracking is cheaper, faster, and better – giving you a competitive advantage if deployed right and quick. Let’s see how it works.

Before diving deep into the discussion, let’s have some insights on what is IoT, its growth, and how it improves the remote asset tracking process. The below infographics would help you understand the significance of IoT in asset tracking.

The Future of Mobile App Development: 5 Trends for 2020

Enterprises always look out for the latest technology trends to stay ahead of the competition and mobile application development is not an exception. Nevertheless, the use of enterprise mobile applications against the download rate is always debated by experts.

To provide clarity, in this post, I have provided information about the growth and future of mobile application development despite decline in downloads. Also, I have shared 5 the mobile app development trends for 2020, which many may find useful.

Let’s get started with enterprise mobile app downloads vs. use statistics. 


Things you should know about IIoT & Predictive maintenance

Well, as you may have guessed, we have given a tech twist to the famous proverb – a stitch in time saves nine. However, mind you this is no tongue in cheek statement; nor mere wordplay. Knowing what could go wrong in real-time and acting on it before it even becomes a risk – especially in manufacturing, transport, and process industries – has a huge impact on the top line as well as the bottom line. Thanks to Industry 4.0 Solutions – Industrial IoT and Machine Learning, we are now entering into ‘Predictive Maintenance’ from Reactive Maintenance and Routine Maintenance.

The technology side of IoT can be understood as ‘seamless, real-time control through automation’ i.e., connecting a variety of sensors and using that network to run a factory on a day-to-day basis or get information. The business value is in taking that to create actionable insights. Predictive Maintenance for sure.


Inventory Management: Most Common Challenges and Solution to Overcome in 2020

Be it manufacturing, construction or retail, managing inventory is extremely critical for business growth. Inventory is the heart of the above industries. With that said, understanding the common challenges in inventory management becomes super important and industry heads are looking out for solutions to achieve profit and improve customer satisfaction. 

No matter where the inventory is located: be it warehouse, multiple locations or consigned or drop-shipped from supplier, managing inventory better is an absolute must for improved cash flow and reduced expenses. 

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