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Is Asset Performance Management a Hype or Reality?
Assets are valuable possessions that your business owns outright or rents out to operate, such as real estate and machinery. They can also be a way to develop your company's resources, such as property rights, customer relationships, and goodwill.

Asset management software determine how well a business performs. They offer companies a way to drastically cut unexpected downtime for a fraction of the cost.

APM asset management style
Asset performance management (APM) is a method of asset management. It promotes corporate objectives and the usual asset stability and performance goals.

In industrial enterprises, APM has emerged as a key driver of digitalisation for asset management. Conventional asset management techniques are combined with cutting-edge digital technologies in modern APM to improve availability, operational efficiency, and business success.

EAM asset management style
Enterprise asset management (EAM) is a collection of procedures and equipment that enables businesses to keep track of and maintain their physical assets from acquisition to disposal.
Source: https://www.ramco.com/blog/erp..../is-asset-performanc

 

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Asset performance management is vital for every enterprise, but its needs vary. Explore asset performance management and its crucial role in your business.

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Electrical Steel Market Share & Size Forecast Report 2032

The Global Electrical Steel Market was valued at USD 33.4 Billion in 2023 and is expected to grow at a strong CAGR of around 6.4% from 2024 to 2032

Payroll Project Implementation: Challenges and Best Practices
Payroll management is essential for running a business effectively. If you keep your employees happy, they will remain loyal and work harder. Accurate and Timely payroll payments to the employees is one of the key obligations of any business.

You will also need to manage and track tax and labour laws to save your business from penalties for non-compliance. However, it may be challenging to manage payroll implementation and run a business simultaneously. Especially if you're moving to a new, updated system that involves digital transformation of your HR function.

This is where outsourcing payroll implementation helps so that you can focus on your business’ products and services to keep your clients happy. Continue reading to learn more about payroll project implementation, its challenges and best practices.

Challenges of Payroll Implementation
Using cloud payroll solutions can yield your business excellent results. However, you cannot expect it to be flawless. Every organisation faces some or other issues during payroll implementation.
Source: https://www.ramco.com/blog/pay....roll/payroll-project

 

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Running a business and managing payroll implementation can be resourcefully taxing. But there are ways out. Learn more here.

Flying Cars and eVTOLs: Maintenance and Life Cycle Essentials
Every day we see new and innovative concepts for UAM and personal “Flying cars” to replace our Honda, Ford or Subaru. The recent Farnborough Airshow showcased both new concepts and new partnerships…Boeing and Wisk, Hyundai and Supernal just to name a few new players and partnerships

In addition to these new partnerships, we continue to see aggressive start-ups pushing to move concepts to production and certification. AirCar of Klein Aviation is one of the first flying cars to receive Certification of Airworthiness (in Solovaki). We saw Samsen Sky recently featured in Rob Report for their Switchblade flying car approved “Safe for flight” by the FAA.
Wow! How exciting to see both manufacturers and regulators moving in lock step to bring these concepts - that we embraced with The Jetsons - to reality!

But wait – there is one thing missing in this excitement. Let’s remember the Aviation Life Cycle to see where we really are in terms of flying in one of these machines to work or vacation.
Source: https://www.ramco.com/blog/avi....ation/flying-cars-an

 

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Discover how Ramco Aviation leverages its expertise to manage the life cycle of eVTOLs, and Flying Cars ensuring they are viable, safe, efficient and fun.

Digital Transformation of Payroll : Challenges and Solutions
If you are looking for the next game-changing innovation for your company’s payroll system, cloud technology, automation and global payroll strategy can help transform the operations, position you to meet the unexpected challenges and drive growth. Below mentioned are the three most common challenges businesses face today:

Business Challenge #1: Legacy Labour Model
A fixed-cost, large workforce limits the responsiveness and financial flexibility to market and customer opportunities. While the model helps with oversight and control, there are high chances that you may be missing out on the valuable opportunities of increasing efficiency, saving time, and streamlining operations.

Solution: Shift to a mosaic of labour
Scaling up or down whenever necessary with the gig workers can help you to meet the fluctuating demand easily and swiftly without increasing the overhead cost. Virtual labor pools as well as other technology advancements that connect the contingent workers with the hiring managers can make such a labour’s mosaic possible.
Source: https://www.ramco.com/blog/pay....roll/payroll-leverag

 

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Explore the challenges and solutions in the digital transformation of payroll, enhancing efficiency, accuracy, and compliance for modern businesses.

Graphite Market Outlook (2021–2031): Key companies shaping supply and innovation

Get a sample PDF of the report – https://www.businessmarketinsi....ghts.com/sample/BMIR

The Graphite Market size is expected to reach US$ 39,698.2 million by 2031 from US$ 17,718.40 million in 2024. The market is estimated to record a CAGR of 12.4% from 2025 to 2031.

Get Full Report: https://www.businessmarketinsi....ghts.com/reports/gra

Executive Summary and Global Market Analysis:
The global graphite market is experiencing significant growth, driven by rising demand across various industries, including batteries, steel production, electronics, and automotive. As a key material in lithium-ion batteries, graphite is vital to the growing electric vehicle market, propelling its demand further. China dominates the global supply, with other major players such as India, Brazil, and Canada contributing to production.

How to transform payroll framework with Ramco
The post-pandemic world has presented unique challenges for the workplace. Organizations are dealing with unique challenges in handling productivity, whether employees work at the office or remotely or hybrid. Keeping Employees engaged is key to driving productivity as an engaged workforce can be five times more productive than a disengaged one.

The following customer story, which helped Ramco win the iHRM Elite Innovation provider award, shares how the digital transformation delivered by Ramco helped its client, an Irish Headquartered Fortune 500 MNC and Global leader in Fire & Safety equipment manufacturing company, better employee engagement across 14 countries in Asia covering 14000 employees.
Source: https://www.ramco.com/blog/pay....roll/how-to-transfor

 

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Discover how Ramco's payroll framework, awarded at the 45th HKIHRM HR Excellence Awards, transformed payroll management for a Fortune 500 MNC.

How ERP can Scale up Business Processes in Manufacturing
Ever since the pandemic, the manufacturing and distribution industry has been facing challenges such as operational inefficiencies, supply chain disruptions and the heightened need for remote collaboration. Additionally, businesses need to prepare for some long-term challenges, including new competitors in the market, new customer-centric business models, and an increased need for predictive data.

Advanced technology such as Manufacturing ERP (Enterprise Resource Planning) could help combat these challenges. Many companies, including your competitors, are opting for an ERP system designed to revolutionize business operations on an integrated and real-time basis.

Here's how modern manufacturing ERP systems help address challenges that manufacturing companies face.
Source: https://www.ramco.com/blog/erp..../how-erp-can-scale-u

 

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Many companies, including your competitors, are opting for an Enterprise Resource Planning ERP System designed to revolutionize business operations on an integrated and real-time basis. Learn how modern ERP systems help address challenges that manufa

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