The speed at which technology is changing makes keeping up with it a challenge for any business. That doesn’t mean that it’s impossible!
Recently, Modern Distribution Management released the findings of their 2013 MDM Industry Outlook Survey in which they asked respondents to identify the biggest technology challenges they expected to face in 2014. Responses included:
Synchronizing systems and data – Distributors have access to more data than ever before, but that can become troublesome if you don’t have the systems in place to manage the data and analyze it to find useful insights that help you improve your business.
Hear how this glue and tape manufacturer and distributor solved this data dilemma:
Costs of technology upgrades – Whether you are talking about hardware or software, upgraded or new technology comes at a price. However, it’s important to keep in mind that being at the cutting-edge of the technology development shouldn’t be your goal – you just need to make sure that you have the right systems and solutions in place for your distribution organization.
One way to avoid large up-front hardware or software licensing costs while still obtaining new business solutions is to select a subscription based licensing model through a hosted or cloud solution. For a quote on what a cloud or hosted distribution management solution would cost your organization, request one today.
Talent when and where you need it – Having the right people in place to support your systems and keep them working the way you need them to work is just as important as the particular systems that you have in place. Deciding what IT functions you need to keep in house vs. what you can outsource and who to outsource it to can be daunting.
Changing customer and business needs – With new trends constantly emerging, ensuring that you have scalable business solutions for a growing customer and product base will help you stay competitive and prevent you from having to scrap your systems and start from scratch every few years.
Hear how this merchandising display distributor adapted their solution to meet changing customer needs and enhance business processes:
Gaining employee buy-in – This is a very common challenge, since people tend to be resistant to change, especially if they don’t see what they stand to gain by making the change. However, if you involve the individuals who will be affected in the decision making process, they are more likely to get on board quickly.