As medical supply manufacturers face increasing pressure to bypass wholesalers altogether and turn to ecommerce platforms and big box stores, the industry’s overall growth potential becomes drastically limited. With the industry landscape changing, identifying product slippage and cross sell opportunities will become more important than ever. Utilizing business intelligence software is an easily accessible competitive advantage that companies feeling pressured by big box stores and ecommerce retailers are turning to
Industry 4.0 technologies are transforming the manufacturing industry. ‘Smart factories’ using automation, Internet of Things (IoT) technology and cloud computing are becoming the new norm. But what impact is Industry 4.0 having on the business side of manufacturing? What does ‘Business 4.0’ really look like?
Will new technology make sales, marketing, customer service, and other critical teams obsolete? The answer to this question is way more complicated than a simple yes or no.
With more data being produced than ever before, the need for more effective, efficient processes has grown too. Predictive analytics is one such process, and one that until recently was reserved only for those who were particularly technically minded.
But fast forward to touch screens, fast food apps and instant streaming of all your favourite TV shows – and it makes sense that some of that technology should be put to good use in the working world, too