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Top Challenges Faced by Professional Services Industry Today
Tom Deacon, Director, Digital Global Head of one of the largest multinational professional services companies, Turner & Townsend, said, “Professional services firms are struggling to articulate and demonstrate values.” This is true.

The COVID-19 situation aggravated the problems for professional services industries as they strived to maintain a good customer pool, combat cost pressures, focus on skills, billing, etc. Simultaneously, an increase in the competition made it difficult for professional services organisations (PSOs) to direct their attention towards long-term strategy. Instead, short-term goals hogged the management’s time. Let’s take a closer look and understand the professional service industry in brief.
Source: https://www.ramco.com/blog/top....-challenges-faced-by

 

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Kunal Kaushal talks about the importance of project management & resource planning in overcoming challenges that professional services companies face today. Read this blog on Top challenges Faced by Professional Services Industry Today.

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Time for the cement industry to embrace the latest tech trends
The cement industry has often been categorized as laggards when it comes to the adoption of digital technologies. But the benefits of digital technology, including revenue and other margin-impacting factors, are compelling the cement industry to consider harnessing the power of digital technology, more seriously.

It is better late than never! For those cement and manufacturing companies that are contemplating undertaking the digital transformation journey, it is recommended that they experiment in a gradual, step-by-step manner. This would enable these organizations to achieve a better grip on their operations. It would also allow these companies to build up their resources for tackling the initiative in a better and more quantifiable way.
Source: https://www.ramco.com/blog/tim....e-for-cement-industr

 

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Read to know about technology markers that will help the cement industry to adopt digital technology. These include automation, predictive maintenance, predictive quality & process control, logistics etc.

Growth Strategies for People-Centric Businesses
The COVID-19 pandemic has profoundly impacted businesses across industries. When the pandemic struck, businesses did not have a playbook for such a large black swan event. However, businesses adapted quickly to the changed realities of the workplace, leveraging technology to ensure business continuity, enhance workplace productivity, and drive business growth.

The gig economy witnessed substantial growth, employers and employees became open to the idea of working together from different locations. At the same time, businesses also began focusing on reducing cost structures.

People Centricity
A people-centric business embraces a performance structure that places the individual at the heart of every business decision. It is characterized by:
Source: https://www.ramco.com/blog/erp..../growth-strategies-f

 

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People-centricity is increasingly the focus of attention in progressive businesses that rely on superior human capital management to drive and sustain business growth. Read on to learn more about growth strategies for people-centric businesses.

What is Enterprise Asset Management? And Why Do You Need It
For every business, assets play a pivotal role in creating and enhancing the value of the business, which is inclusive of plant, property, and equipment. They form the largest chunk of any manufacturing company’s balance sheet. Therefore, it is essential to meticulously manage your assets during their lifecycle by recording and valuing them accurately and having a proper maintenance schedule for every asset.

However, it may be convoluted to keep a track of every asset manually and the probability of committing errors would be quite high. A slight error or incompliance can lead to a huge loss. Furthermore, inefficient management of assets can lead to supply shortages, unplanned downtime, suboptimal asset management, non-compliance with regulatory bodies, asset thefts, and others.
Source: https://www.ramco.com/blog/erp..../what-is-eam-and-rea

 

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Learn what is EAM, how to choose right EAM solution for your business. Explore Top 5 reasons why should deploy enterprise asset management software.