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Atricle Dump - The Top Six Reasons to Buy Rather Than Build an Inventory Management Solution
New franchise opportunities are coming to the market regularly and the franchise industry is going from strength to strength. Franchise exhibitions are attracting many new exhibitors. Potential franchisees are coming in their droves to look at the many new & old opportunities that are eager to take their cash.Entrepreneurial spirit is alive and kicking. People from all walks of life and different educational backgrounds are now thinking about going into business. More women are now looking to buy a franchise than ever before. Older people are joining the queue lo
5. Long term maintenance staffing. Once you have a solution, how are you going to keep it current, from both a technology and from a process point-of-view? For example, in the last few years RFID, collaboration, wireless and countless other developments have forced companies to update their processes. With ever increasing innovations, you need to ensure that you are staffed to m
A big part of an honest online stock broker’s job is keeping customers away from investment pitfalls, a task not even the smartest machine can manage. Investors may like $5 commissions on stock trades, but behind these low prices often lurk excessive costs associated with getting the trade done. Poor trade execution and poor advice often make trading online far more expensive than the low commissions suggest.Online brokerage firms often obscure the charges of frequent trading just to keep their customers buying and selling and paying commissions. A trustworthy st
The issues that companies face when they decide to build a solution in house are numerous: Scarce development resources, project cost overruns, delivery delays, unexpected technical issues, long-term maintenance issues.
For these reasons, you should consider purchasing hosted, flexible, "out-of-the-box" vendor managed inventory (VMI) and web-based inventory solutions that can be running in a matter of days -- rather than months -- all at a fixed monthly price - with no delays, low risk and a lower total cost of ownership.
At Invendia we've often seen companies struggle with the decision to buy a technology or to build that solution in-house. The decision criteria typically are:
- • Availability of qualified development resources
- • Long-term maintenance staffing
- • Implementation time and costs
- • Project risk
- • Process understanding
- • 3rd party objectivity
So, what are the top six reasons to buy rather than build an inventory management solution?
6. Availability of qualified development resources. If you have available resources that are experienced in developing web-based, distributed solutions then you should consider building your own solution in house. In addition, your staff should ideally be knowledgeable about leveraging development standards such as J2EE or .NET. If not, you should source an off-the-shelf solution that can readily integrate with your existing applications.
5. Long term maintenance staffing. Once you have a solution, how are you going to keep it current, from both a technology and from a process point-of-view? For example, in the last few years RFID, collaboration, wireless and countless other developments have forced companies to update their processes. With ever increasing innovations, you need to ensure that you are staffed to ma
Nobody I know wants to spend the last period of their life struggling with debt. Unfortunately though, that is exactly what is happening for an increasing number of senior citizens. There are a lot of options available to younger people such as getting a second job to pay off the debt faster are just not available to senior citizens. So what is? Here is an often overlooked list of items that can help you in such circumstances:Even if you have some savings it is not a good idea to pay off the loan even though you are paying 20% interest on one hand and earning
At Invendia we've often seen companies struggle with the decision to buy a technology or to build that solution in-house. The decision criteria typically are:
- • Availability of qualified development resources
- • Long-term maintenance staffing
- • Implementation time and costs
- • Project risk
- • Process understanding
- • 3rd party objectivity
So, what are the top six reasons to buy rather than build an inventory management solution?
6. Availability of qualified development resources. If you have available resources that are experienced in developing web-based, distributed solutions then you should consider building your own solution in house. In addition, your staff should ideally be knowledgeable about leveraging development standards such as J2EE or .NET. If not, you should source an off-the-shelf solution that can readily integrate with your existing applications.
5. Long term maintenance staffing. Once you have a solution, how are you going to keep it current, from both a technology and from a process point-of-view? For example, in the last few years RFID, collaboration, wireless and countless other developments have forced companies to update their processes. With ever increasing innovations, you need to ensure that you are staffed to m
It is easy to dream about an exotic island. It takes a bit more to prepare a trip to this island and spend some time there. But the real challenge is to take your stuff and migrate to this little island.It is said that people that migrate hold on to more conservative customs than in the country of origin. The explanation for this is that people who migrate carry their historic environment (customs, rituals and ideas of the country of origin) with them and conserve these carefully because they serve as beacons in the new country where the new emigrant could feel r
- • Long-term maintenance staffing
- • Implementation time and costs
- • Project risk
- • Process understanding
- • 3rd party objectivity
So, what are the top six reasons to buy rather than build an inventory management solution?
6. Availability of qualified development resources. If you have available resources that are experienced in developing web-based, distributed solutions then you should consider building your own solution in house. In addition, your staff should ideally be knowledgeable about leveraging development standards such as J2EE or .NET. If not, you should source an off-the-shelf solution that can readily integrate with your existing applications.
5. Long term maintenance staffing. Once you have a solution, how are you going to keep it current, from both a technology and from a process point-of-view? For example, in the last few years RFID, collaboration, wireless and countless other developments have forced companies to update their processes. With ever increasing innovations, you need to ensure that you are staffed to m
In the first article of this series, we covered the basics of a gondola shelving layout. This time around, we’ll discuss how to select the units themselves, and after reading this article you should have no trouble figuring out which gondola units you need to make your final layout a reality. We’ll also take a brief look at how to customize your units through the use of various accessories, backing materials and colors which will give your gondolas a look that is tailored to your retail space.For the purpose of this article, let’s assume we are following a layo
5. Long term maintenance staffing. Once you have a solution, how are you going to keep it current, from both a technology and from a process point-of-view? For example, in the last few years RFID, collaboration, wireless and countless other developments have forced companies to update their processes. With ever increasing innovations, you need to ensure that you are staffed to m
Here are some interview questions not to ask during a job interview:An interview question not to ask is one that discusses the issue of salary. You don’t want to appear money-motivated since this is usually a big turnoff for interviewers. Let the interviewer broach the issue of money/compensation first.Related to the above point, another interview question not to ask is one that pertains to benefits, vacation time, sick days, stock options or things of that nature. There will be plenty of time to ask about these things once you get to the job
5. Long term maintenance staffing. Once you have a solution, how are you going to keep it current, from both a technology and from a process point-of-view? For example, in the last few years RFID, collaboration, wireless and countless other developments have forced companies to update their processes. With ever increasing innovations, you need to ensure that you are staffed to manage not only the system upgrades but any errors that you may discover. If you either don't have the staffing for this or don't want the headache, then you should consider a "bought and maintained" solution.
4. Implementation time and cost. How quickly do you need a solution? If you have ample time to scope your project, build a project plan, free-up resources, develop and test the application, then you should consider building the solution. Furthermore, do you have the budget to pull off an in-house project? What are the opportunity costs? What is your company's track record of getting IT projects completed on-time and on-budget?
3. Project risk. One major reason that organizations build in-house is that they want to build expertise in an emerging technology. Does this meet your organization's business goals? What if you find that the learning curve is long and steeper than you anticipated? Are you willing to take that risk? When you are scoping your project, have you considered all of the issues? Are you willing to stick to your original scope when your users demand new features (scope creep)?
If you cannot mitigate these issues, then you should strongly consider a fixed price, packaged solution.
2. Process understanding. Collaborative inventory management(VMI) processes are complex and varied as your trading partner needs. If you have many diverse trading partners (or may have in the future), building your own solution may not be a great idea (see "long term maintenance" above). Additionally, your tra
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