The following are just some of the challenges facing companies who wish to take full advantage of new technology to expand their markets and grow their business. Every successful business sets itself challenging targets, not just in revenue terms, but also in respect of such crucial areas as enhanced customer service and improved control of overheads. The design of new processes, or optimisation of current ones, is an ongoing requirement to avoid your business standing still. Or, indeed, regressing. Linking with suppliers You may need to link your business processes to those of your external suppliers, for example for subcontracted manufacturing or contract assembly.
Careful planning is required to ensure seamless integration.
The last thing you want is for the limitations of a supplier's systems to detract from your processing capability or to dictate your business strategy. But you need to think carefully before taking the plunge. Be sure your business structure is reviewed and transformed thoroughly and appropriately. It's the only way to guarantee you get maximum value from any new technology investment. But to ensure optimum productivity you need to address fully all the issues of motivation, incentivisation and reward.