Business Automation and Software Blog

As we get further into the fourth Industrial Revolution with technologies and trends that include virtual reality and artificial intelligence, there are some who fear that AI will steal humans’ jobs. And while the majority of AI applications are already failing to meet some of the high expectations humans have placed on the technology, it isn’t going away. Instead, we continue to find the most realistic applications for AI, specifically the machine learning category. More specifically, machine learning in accounting technology.

The warehouse is chock full of potential dangers. In fact, the Bureau of Labor Statistics cited that in 2016, there was an average of 5 injury and illness cases per 100 full-time workers in the warehouse and storing industry. Warehouses boast heavy machinery and a plethora of equipment: plenty of opportunity for accidents. Safety, therefore, is paramount.

In most cases, efficiency is the relationship between ends and means. An inefficient situation is one where it is perceived that the end could have been achieved by fewer means, or the means could have produced more of the desired ends. Of course, efficiency is valued differently depending on the nature of the process, whose valuations we focus on, and how they’re weighted.

There are many reasons a manufacturer will implement an ERP, all leading to that much-coveted return on investment—or, saving more than you spent. According to one study, the average ROI of an ERP implementation is $7+ for every dollar spent. ROI plays a critical role in ERP selection and implementation, but what exactly does that mean? What is the real ROI of a manufacturing ERP?

When it comes to manufacturing, improving quality control is essential for success. Being proactive in improving your manufacturing quality control is a good way to care not only for your customers, but for your employees as well. Whether you think you’ve got it down or you know you have a long way to go, you can never really stop improving. And with all the developing technology, your team has access to plenty of options for improving quality control in manufacturing. Improvements don’t always mean massive overhauls, either. Sometimes minor tweaks to your processes will result in distinct quality improvements while still maintaining lean manufacturing.

If you’ve worked in manufacturing or distributing for any amount of time, you know that inventory management optimization is a delicate method of balance between capital investment objectives and constraints against goals for your SKUs, all while keeping supply and demand volatility in mind. It’s a tricky balancing act for sure. How do you decide what and how much to stock, when, and in what form?

It’s clear we’re moving solidly into Industry 4.0, or the fourth industrial age. This age of automation and data transfer uses connected systems to empower companies that are engaged in intelligent manufacturing. Systems that offer intelligence such as SYSPRO manufacturing software help businesses move into Industry 4.0.

While the rest of us gear up to enter 2020 come January 1, Sage 300 and 300cloud are already arriving in the future: This past August, Sage 300 v. 2020 released and it’s taking ERP straight into the future. Many of the key features that 2020 users will enjoy include improvements to CRM integration, classic screens, and enhancements to the web screen experience.

Thanks to technology, the human attention span is at an all-time low. According to a study by Microsoft, our attention span has shrunk from 12 seconds in 2000 to a mere 8 seconds in 2019. With all the technology available at our fingertips, humans have become used to instant gratification. In fact, Google even found that more than half of mobile users will abandon a site if it takes longer than just 3 seconds to load.

Part of a financial leader’s accounting strategy is working to mitigate a wide variety of risks. Mitigating risk is a data-driven exercise, recently augmented by increasingly intelligent AI machines empowered with cognitive technologies.