It was not possible for businesses to properly collect and analyze data before the 20th century. In 1970, decision support systems were introduced in business. Decision support systems can analyze one department at a time. In 1980, executive information systems were introduced. The executive information system can effectively summarize ongoing transaction within an organization. By [...]
Category Management is a process that enables you to source more effectively and then to get even more value from continually optimising the resulting contracts. You do this by grouping together products or services that have similar characteristics and are bought from similar supply markets. But that is just the starting point. To succeed with [...]
The arrival of Enterprise Resource Planning (ERP) software packages in the 1990s solved a major problem for business managers. Before ERP, data integration in an organization was a tedious exercise that involved the input of the different heads of departments. The decision-making process was therefore terribly slowed down. Where such a problem exists, installation of [...]
