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🚨 Why Signing Multi-Year Software Deals Might Be a Bad Calculation 🚨 This graph shows a key insight: 👉 Many buyers are tempted to sign multi-year contracts to save time and resources. But is that really the best move? 💡 Let’s think about software innovation first: Hyper-innovation: Software is one of the fastest-evolving categories. Last year alone, Martech mapped 5,000 new vendors—just for Marketing! OnSource (ex VektIQ) we count in our databases more than 1M+ software company. Across 10+ categories like IT, Finance, and more, we’re easily talking 50,000 new products annually. And with AI accelerating and the Service-as-a-software rise, this trend will only grow. ⚠️ What does this mean for you as a buyer? Vendors are under pressure to innovate and retain market share. So, locking in a multi-year deal for a 20% discount may be great for them—but not for you. Why not? Because: 1️⃣ A competitor could launch next year with a better product or a much cheaper price. And we're not talking about saving just 20%—we're talking potentially far greater savings or added value. 2️⃣ By signing a long-term deal, you're missing the opportunity to use this competitive landscape as leverage for innovation and cost optimization. So to the question: no this is not a good deal, or at least it should not be done this way for convenience. 🔑 𝗛𝗲𝗿𝗲’𝘀 𝗮 𝘀𝗼𝗹𝘂𝘁𝗶𝗼𝗻: As we have developed e-Commerce to interact directly with vendors in B2C over the past years, the same can now be done in B2B. I call it a Sourcing AI platform. This ensures you always have personalized conversations with vendors at minimal effort to stay ahead of the curve—and keep your business innovating while securing the best possible conditions. This approach also provides tremendous value for vendors, as they no longer remain blind to buyers' needs until the last minute, as is often the case today. 👉 How are you managing your deals today? Are you taking full advantage of this innovation boom? Let me know your thoughts below! #Innovation #Software #Procurement #Deals #AI #TechStrategy

Outsourcing is a game changer in the retails industry!! What is the role of outsourcing in retail industry? Outsourcing plays a crucial role in the retail industry by helping businesses streamline operations, reduce costs, and enhance customer experiences. Retailers of various sizes—from small boutiques to large multinational corporations—utilize outsourcing to handle functions that range from backend operations to customer-facing services. Key roles that outsourcing fulfills in the retail industry: 1. Supply Chain and Logistics Logistics operations, including transportation, warehousing, and inventory management, is common in retail. Third-party logistics providers (3PLs) offer expertise and infrastructure that can optimize the supply chain, making it more efficient and cost-effective. 2. Customer Service Many retailers outsource customer service operations to specialized firms. These firms handle inquiries, complaints, returns, and exchanges, often providing services across multiple channels such as phone, email, and live chat. Outsourcing customer service can help retailers offer 24/7 support and handle high volumes of customer interactions, especially during peak periods like holidays. 3. E-commerce Management As online shopping continues to grow, retailers increasingly turn to outsourcing partners for managing various aspects of their e-commerce platforms. This can include website development and maintenance, online payment processing, security, and even full-service e-commerce management solutions that handle everything from product listings to customer analytics. 4. Marketing and Advertising Digital marketing is a critical element for retail success, especially in an increasingly competitive marketplace. Retailers often outsource marketing functions to agencies that specialize in SEO, PPC, content creation, social media management, and email marketing. These agencies bring expertise and up-to-date knowledge of marketing trends and tools, helping retailers to attract and retain customers more effectively. 5. IT Services IT services helps retailers ensure their technology infrastructure supports their current operations efficiently and can scale with future growth. IT outsourcing providers can offer everything from helpdesk services and network management to software development and cybersecurity. 6. Data Analytics Data analytics processes can help retailers gain deeper insights into customer behaviors, market trends, and operational efficiencies. Specialist firms can analyze large sets of data to provide actionable insights that can enhance decision-making and strategic planning. Retailers strategically use outsourcing to enhance capabilities, improve service offerings, and maintain competitive advantages in a fast-evolving industry landscape. Zenith Outsourcing offers free consultation: Contact us : 1300 450 414. +61284587253, +61284587252 www.zenithoutsourcing.com

𝗛𝗮𝗿𝗻𝗲𝘀𝘀𝗶𝗻𝗴 𝘁𝗵𝗲 𝗣𝗼𝘄𝗲𝗿 𝗼𝗳 𝗗𝘆𝗻𝗮𝗺𝗶𝗰 𝗣𝗿𝗶𝗰𝗶𝗻𝗴: 𝗔𝗱𝗮𝗽𝘁𝗶𝗻𝗴 𝘁𝗼 𝗠𝗮𝗿𝗸𝗲𝘁 𝗖𝗵𝗮𝗻𝗴𝗲𝘀 𝗳𝗼𝗿 𝗠𝗮𝘅𝗶𝗺𝘂𝗺 𝗥𝗲𝘃𝗲𝗻𝘂𝗲 In today’s fast-paced business environment, pricing strategy is more critical than ever. One of the most effective approaches that companies are turning to is dynamic pricing. But what does this mean? Dynamic pricing, also known as surge pricing or variable pricing, is a strategy where prices fluctuate based on current market demands, customer behavior, and other external factors. Think about how airlines change prices based on demand, seasons, or upcoming holidays. This intelligent approach allows businesses to maximize profits while still being competitive. 𝗪𝗵𝘆 𝗗𝘆𝗻𝗮𝗺𝗶𝗰 𝗣𝗿𝗶𝗰𝗶𝗻𝗴? 1. 𝗔𝗱𝗮𝗽𝘁𝗮𝗯𝗶𝗹𝗶𝘁𝘆: Markets change rapidly, and so do consumer preferences. Dynamic pricing gives you the flexibility to adjust your pricing in real-time, ensuring that your business remains relevant and competitive. 2. 𝗜𝗻𝗰𝗿𝗲𝗮𝘀𝗲𝗱 𝗥𝗲𝘃𝗲𝗻𝘂𝗲: By aligning your prices with perceived value and demand, you can capture more sales during peak times and mitigate losses during slower periods. This approach has been shown to lead to significant revenue improvements. 3. 𝗖𝘂𝘀𝘁𝗼𝗺𝗲𝗿 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀: Implementing dynamic pricing strategies allows you to gather data on customer behavior. This valuable information can inform future marketing efforts and product offerings. 𝗛𝗼𝘄 𝗡𝘂𝗸 𝗖𝗼𝗻𝘀𝘂𝗹𝘁𝗮𝗻𝘁𝘀 𝗖𝗮𝗻 𝗛𝗲𝗹𝗽 At Nuk Consultants, we specialize in integrating dynamic pricing strategies tailored to your business's unique needs. Here’s how we can assist: - 𝗗𝗮𝘁𝗮 𝗔𝗻𝗮𝗹𝘆𝘀𝗶𝘀: Our team of experts uses advanced data analytics techniques to gather and interpret customer and market data, ensuring your pricing strategies are based on solid evidence. - 𝗖𝘂𝘀𝘁𝗼𝗺𝗶𝘇𝗲𝗱 𝗦𝗼𝗹𝘂𝘁𝗶𝗼𝗻𝘀: We understand that every business is unique. We work directly with you to create customized pricing strategies that align with your overall business goals. - 𝗜𝗺𝗽𝗹𝗲𝗺𝗲𝗻𝘁𝗮𝘁𝗶𝗼𝗻 𝗦𝘂𝗽𝗽𝗼𝗿𝘁: Transitioning to dynamic pricing can be complex. Our consultants provide hands-on support, from initial analysis to full implementation, ensuring a seamless transition. - 𝗢𝗻𝗴𝗼𝗶𝗻𝗴 𝗠𝗼𝗻𝗶𝘁𝗼𝗿𝗶𝗻𝗴: We offer ongoing support and adjustments as market conditions evolve, ensuring that your strategy remains effective. 𝗥𝗲𝗮𝗹-𝗪𝗼𝗿𝗹𝗱 𝗦𝘂𝗰𝗰𝗲𝘀𝘀 Companies that have successfully implemented dynamic pricing strategies have seen substantial impacts on their bottom line. For instance, businesses in hospitality and e-commerce sectors have reported increases of up to 20% in revenue through optimized pricing strategies. 𝗖𝗼𝗻𝗰𝗹𝘂𝘀𝗶𝗼𝗻 Partnering with Nuk Consultants allows your business to implement effective, data-driven pricing strategies that respond to market changes and customer needs.

The biggest complaint I've heard from SMEs whom have adopted many standalone solutions is this: "I'm even less productive than before consolidating and managing my info across all these unconnected systems!" Which leads to exploring with small SIs on how to get them all connected, which leads to: "Why is it so expensive to connect all my platforms? I need to apply for EDG grant liao!" And so, IMDA, together with our agency partners like EnterpriseSG and MHA have rolled out Integrated Solutions (think mini-ERP, or an aggregate of most-useful platforms) to solve Food Services, Retail, and Security sectors. More to come in coming months - watch out! And if you want to find out more, or adopt one of them, read all about it! https://lnkd.in/gub6Gw3y

Streamlining Your Business with Smart Bulk Contact Import Solutions In today's fast-moving business world, maximizing efficiency in every operation is not just an advantage; it's a necessity. A critical aspect of efficiency comes in the form of data handling, particularly when importing bulk contacts into your Customer Relationship Management (CRM) system. The risks of importing duplicate or incorrect data can cause significant setbacks, like the inconvenience to clients and potential breaches of compliance with data regulations, which can culminate in a loss of trust and credibility for your business. Recognizing the need for precision and caution, smart CRM solutions now prompt users with disclaimers before they proceed with a bulk import. This feature acts as a reminder to ensure that the data being imported is accurate and up-to-date, and the contacts have given their consent to be a part of your database. These automated prompts take on the role of a safeguard, protecting your business from the unintended consequence of mass-import errors. By integrating such thoughtful features into your CRM, you hold the capability to maintain a clean and compliant contact list—strengthening your business operations and the trustworthiness of your brand. Moreover, it demonstrates the power of automation in not just carrying out tasks, but also in preventing errors before they occur. As a business owner, your focus should be on growth and strategy, not on tedious data checks. It’s here where the right coaching and consulting can be pivotal. Employing expert guidance to automate your business practices ensures that your venture stays competitive and resilient. Are you ready to transform your business with cutting-edge strategy and automation? Dive into a world where human error is minimized, and efficiency is maximized with our coaching and consulting services. Embark on the journey towards business automation and never look back. #BusinessEfficiency #Automation #CRM #DataManagement #BusinessGrowth #Strategy #highlevel #gohighlevel https://lnkd.in/gqjWxn7H

💡How E-Procurement and E-Sourcing Platforms Are Changing the Way We Buy and Source 💻 In today’s fast-moving business world, companies are using technology to make their buying and sourcing processes faster, cheaper, and smarter. E-Procurement and E-Sourcing platforms are transforming how businesses purchase goods and services, and they’re helping companies manage their supply chains more efficiently than ever before. What Is E-Procurement and E-Sourcing? E-Procurement is all about using online tools to handle purchasing activities. It automates tasks like creating orders, getting approvals, and processing invoices, making the entire procurement process smoother and faster. Why Should Businesses Care? ⚡ Getting Things Done Faster By automating everyday tasks like order approvals and invoicing, these platforms reduce manual work, speed up the process, and make everything more efficient. This means less waiting and more action. 📊 Better Control and Visibility With e-Procurement, businesses can see all their purchasing activities in one place. This makes it easier to track spending, ensure compliance, and make smarter decisions about where money is being spent. 🤝 Stronger Supplier Relationships E-Sourcing allows companies to engage with suppliers more easily. Suppliers can quickly respond to requests, provide tailored solutions, and collaborate on projects in real-time, making the whole process more flexible. 💡 Smart Decision-Making These platforms also offer data and analytics that give companies insights into how they’re spending, which suppliers are performing well, and where they can improve. These insights help businesses make better decisions for the future. As technology keeps evolving, the use of E-Procurement and E-Sourcing is expected to grow. New technologies like AI and blockchain are making these platforms even more powerful, with the potential for even smarter, faster, and more secure procurement practices. In short, E-Procurement and E-Sourcing are making procurement processes faster, easier, and more cost-effective. By using these platforms, companies are not just saving money—they’re building a foundation for success in the digital age. 🌍🚀 We really hope you like our magazine's 48th edition 💫 📎Drive Link- https://lnkd.in/d7-MS-A9 📎Flipbook Link- https://lnkd.in/dVdNK43W Stay informed, stay ahead. 🌟 Prachi Gadkari 🇮🇳 Riya Thakkar Preeti Panna Joshi Riya Bhandarkar Komal Chaudhari Aachal Bhatt Dhruv J. Shubh Jaiswal Tanmay Kalagi ALEX BINU Venkatesh Joshi Yadnyesh Khapekar Avadhoot Bhagat Iniya Priyanandhini Rounak Pandit Rheya Pillai Robin V Faculty Mentors Dr. Rahul Vishwanath Dandage Sir and Advait Oak Sir MIT World Peace University Dr.Vishwanath Karad MIT WORLD PEACE UNIVERSITY|PUNE OPERATIONS AND SUPPLY CHAIN FORUM MIT WPU #Eprocurement #Esourcing #Operationsandsupplychain #Technology #Development #AI #blockchain

Local #manufacturers have 5 big challenges that go far beyond production. 1. Supply chain disruptions: Managing the supply chain has become increasingly complex, especially with global events causing delays and shortages in raw materials. If left unchecked, this leads to increased costs and production delays. 2. Labour Shortage: HR plays a vital role in the production of your products. Finding, training and retaining new workers is a persistent issue. Assigning your labour to the right tasks and efficiently replace them in case of absence is crucial. 3. Technological interactions: A manufacturing company needs a warehouse management system, a manufacturing software, a procurement and sales system as well as an accounting tool. These are the chain's links and they must all be in perfect synchronicity to ensure revenue and profits. 4. Cybersecurity threats: As manufacturing processes become increasingly digitalized, the risk of cyber attacks increases. Protecting and maintaining secured operations and financials are a key concern. 5. Finding and tending to new markets: The search for new distributors, and a place on their shelves is what makes or breaks manufacturers. This requires a strong sales process and a dilligent tracking of presentations, meetings, requests for estimates, contracts, sales order management, delivery schedules and logistics. Getting all these needs met requires a streamlined, efficient set of documented processes, digitalized onto a fully adaptive ERP, CRM and Manufacturing platform. We help you have what it takes to take your business to international standards and markets. #MadeInMoris #Manufacturing

The following case studies demonstrate how outsourcing drives real improvements, optimising processes and enhancing results. Outsourcing providers focus on delivering custom solutions that are precisely aligned with the strategic goals of an organisation. By understanding the unique needs of each client, they ensure that every aspect of the service enhances operational efficiency. This tailored approach not only boosts productivity but also drives long-term success. Customised solutions enable businesses to maintain a sustainable competitive edge. By addressing specific challenges and optimising processes, outsourcing partners help organisations stay ahead of industry trends and gain continuous growth in their market. Let's look at the case studies; 🤍 HEALTHCARE SOFTWARE SOLUTIONS The Background: A healthcare provider faced difficulties with patient management, leading to inefficient scheduling and billing processes, which affected patient care and satisfaction. The Solution: By outsourcing the development of a comprehensive patient management system, the healthcare provider was able to implement a solution that included: Centralised Patient Scheduling: The new system allowed for easy appointment bookings and reminders, reducing no-show rates. Streamlined Billing Processes: The system integrated billing with insurance claims, minimising errors and speeding up revenue cycles. 🌟 The Results: The implementation resulted in a 25% reduction in administrative costs and improved patient satisfaction scores. The healthcare provider could reallocate resources to patient care, ultimately enhancing the quality of services offered. 💷 E-COMMERCE OPTIMISATION The Background: A mid-sized retail company with a growing online presence faced challenges with its outdated e-commerce platform, resulting in a high cart abandonment rate and declining customer satisfaction. The Solution: The company decided to partner with an outsourcing firm specialising in e-commerce solutions. This involved: Developing a Custom E-commerce Platform: The outsourcing team created a user-friendly platform with advanced features like personalised recommendations, dynamic pricing, and integrated analytics. Enhancing User Experience (UX): Through user research and testing, the team optimised the checkout process, reducing friction and improving the overall shopping experience. 🌟 The Results: The revamped platform led to a 30% increase in sales, a significant reduction in cart abandonment rates, and improved customer satisfaction ratings. The organisation was able to focus on marketing strategies to further drive traffic and sales. At Neo Technology, we believe outsourcing is a catalyst for driving innovation and operational excellence, helping organisations focus on what they do best, while we take care of the rest. Get in touch if you'd like to discuss how we can help your organisation 😃 #healthcare #ecommerce #technology #software #business

Here's why joining an AI Directory is a MUST for ALL AI vendors. Read below.

You don't have to walk this journey alone! 👊 We are here to sit down with you and discuss effective ways to optimize your business with our premium services. 💼 Click the link and let's chat: https://bit.ly/4caERwz #optiBPO #bookachat #consultation #outsourcing