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Why Should Enterprises Manage their Contracts Closely?
Read this article to see how contract lifecycle management (CLM) solutions can help companies to gain efficiencies and reduce the risk to exposure. For companies handling many contracts, ensuring trading partners adhere to contract details is often too cumbersome to be executed without enabling technology. Contract lifecycle management (CLM) solutions enable companies to take control of their contracts in order to understand the requirements of trading partners and their ability to meet the contract parameters, and to reduce the organization’s risk to exposure.
: dollar value, type of commodity, type of contract, date ranges, and codes for specific cost centers. To be successful in enterprise CLM, companies need functionality to support both buy-side and sell-side types of contracts. There is immense value in having one solution cater to all departments within an enterprise due to a lower total cost of ownership (TCO), lower audit costs, fewer systems to maintain, reduced training costs, etc. Contract Lifecycle Steps Experts have defined the steps typical to a
2/17/2011 9:14:00 AM
Is Enterprise Resource Planning Becoming a Commodity?
All was fine, methodical, and elegant until enterprise resource planning (ERP) vendors started aspiring to new customer acquisitions in the hundreds per annum. And with the advent of
: crying need for a commodity called ERP for SMB . ERP vendors have started becoming aware of this need, and are moving towards meeting it. While some of the needs are met in fragments through different ERP products, a single product meeting all these needs is not in the vicinity. Commoditizing a product means it must be simple for customers to make a choice. Such a product for SMBs needs still to emerge—at this point, vendors are moving in the right direction but yet to arrive. About the Author Shiv M.
Agricultural Commodity Trading - Quite a Different Business » The TEC Blog
Agricultural Commodity Trading - Quite a Different Business » The TEC Blog TEC Blog TEC Home About TEC Contact Us About the Bloggers Follow TEC on Twitter RSS Discussing Enterprise Software and Selection --> Fast, Accurate Software Evaluations TEC helps enterprises evaluate and select software solutions that meet their exacting needs by empowering purchasers with the tools, research, and expertise to make an ideal decision. Your software selection starts here.
: agriculture commodities, commodity, CTRM, ERP, ETRM, trading, TEC, Technology Evaluation, Technology Evaluation Centers, Technology Evaluation Centers Inc., blog, analyst, enterprise software, decision support.
Commodity Software, Best Practice and Competitive Advantage
Can industry-leading practice be found in a commodity software package? If we accept that application software is a commodity, by definition, the answer is no. If a vendor claims industry-leading practice, then it is available to your competition. If we really want to have practices that lift us above the competition, it cannot be in a standard package. Where in the business do we need to be better than best practice?
: Commodity Software, Best Practice and Competitive Advantage Commodity Software, Best Practice and Competitive Advantage Olin Thompson - August 7, 2003 Read Comments Introduction If application software has become a commodity, how can a company be better than the competition? Commodity software means all or most of the products have the same functions. Since the vendors strive to provide best practice, practices based on the product will mean a company will have the same practices as their competitors. So,
Case Study: PaR Systems, Inc.
Headquartered in Shoreview, Minnesota (US), PaR Systems, Inc. provides specialized material handling and automation equipment to many diverse industries. Each of the company’s customer contracts is unique—like a separate job—with charges included for labor and materials in these jobs. Find out how PaR’s engineer-to-order (ETO) solution helps the company manage its contracts—from engineering and manufacturing to final delivery.
: Case Study: PaR Systems, Inc. Case Study: PaR Systems, Inc. Source: Jobscope Document Type: Case Study Description: Headquartered in Shoreview, Minnesota (US), PaR Systems, Inc. provides specialized material handling and automation equipment to many diverse industries. Each of the company’s customer contracts is unique—like a separate job—with charges included for labor and materials in these jobs. Find out how PaR’s engineer-to-order (ETO) solution helps the company manage its contracts—from
12/8/2008 2:08:00 PM
Outcome Sourcing in the Outcome Economy
The move to an outcome economy encompasses radical changes in the core elements of commerce. It requires a whole new way of thinking on the part of both buyer and seller—from buying and selling things to buying and selling outcomes.
: Outcome Sourcing in the Outcome Economy Outcome Sourcing in the Outcome Economy Bill McBeath - December 23, 2005 Read Comments Introduction One of the most important developments in supplier relationships is outcome sourcing—moving from buying things to buying results or outcomes. This concept is expressed in the quote attributed to the president of Stanley Tools, Our customers want holes, not drills. What is new is the actual practical application and methods for achieving it. Performance-based
Enterprise Resource Planning: Scalable Data Systems Accreditation Report
Organizations seeking the services of a value-added reseller (VAR), channel partner, implementer, vendor, or consultant require an evaluation of what this service provider has to offer. This report assists organizations looking to determine the best-fit service provider for their needs. Based on information provided to TEC by Scalable Data Systems, this report focuses on real-life implementation projects delivered by the service provider to three of its existing clients.
: consumer goods, commodity trading , procurement, Microsoft Dynamics AX, erp system, process manufacturing, process formula management, commodity, inventory management, supply chain management, Scalable Data Systems, TEC Accreditation Source: Technology Evaluation Centers Learn more about Technology Evaluation Centers Readers who downloaded this accreditation report also read these popular documents! Extending BI’s Reach: Anticipate Outcomes, Forecast Results, and
6/27/2012 11:40:00 AM
Quality Reassurance: How To Get What You Need from Acceptance Testing
Integrating a new system with your organization places new opportunities, and new risks, at the heart of your business. We look at the thinking and negotiation that shape acceptance testing, and how it influences your assessment of the new system.
: Quality Reassurance: How To Get What You Need from Acceptance Testing Quality Reassurance: How To Get What You Need from Acceptance Testing James Lyndsay - July 4, 2006 Read Comments Acceptance Testing Some software is made by the people who use it. Some is bought in bulk. Taking the middle ground are systems that are built on a shared core, but are customized or configured for a unique purchaser. Large commercial technology information (IT) projects typically fall within this group. The software is
6 Secrets to Simplify Field Service
Field service can be complex: scheduling technicians, inventory and repair, service contracts, work order management, and more. There are a lot of moving parts—literally! It’s time to simplify. This white paper outlines six secrets that will help streamline your ﬁeld service organization, delight your customers, and increase your proﬁt margin. Download the white paper and see how ServiceMax can help you get these benefits.
: field service, field service management, FSM software, field service software, field service scheduling software, ServiceMax.
6/11/2013 12:21:00 PM
SignalDemand: Dealing with Supply- and Demand-side Pricing Matters – Part 1 » The TEC Blog
how to better translate commodity (e.g., corn, soy, oil, gas, electricity, metals, polypropylene) prices into viable final product mixes. For example, how can a meat packer make better downstream supply chain decisions on its choice of cuts (e.g., a beef carcass as a source material can yield more than one thousand various meat cuts as finished products) and ensure that they are priced best on the retail shelf at the end of a highly perishable supply chain? This technology has been particularly instrum
: commodity markets, consumer packaged goods, cpg, CRM, demand management, demandtec, food and beverage, meat products, on demand, pricing, pricing optimization, reverse bom, SaaS, signaldemand, TEC, Technology Evaluation, Technology Evaluation Centers, Technology Evaluation Centers Inc., blog, analyst, enterprise software, decision support.
Niche Software at Its Best
Deltek Vision and other Deltek enterprise solutions, have been major players with project management-oriented organizations for the past twenty years. Vision a leading product in the professional services automation market and has taken significant strides to maintain this market leading position.
: project-oriented businesses, enterprise resource planning, ERP, professional services automation, PSA, customer service resources, CRM, project management, reporting, billing, proposals, contracts.
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