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Catalog Management in Procurement: What Is It, Types of Catalogs, Challenges and Best Practices To Manage Them

Planergy Software

There are two types of external catalogs – vendor self-managed and punch-out catalogs. Supplier-managed catalogs live within the buyer’s purchasing system, but the supplier has access to the catalog so they can maintain it. So there can still be a risk of out of date data.

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The advantages and disadvantages of ERP systems

IBM Services

Customize reporting Real-time data reporting is one of the highlights of an ERP solution and why it’s a serious advantage over other business management systems. With access to all data, one employee on a completely irrelevant team might be able to point out a malfunction or something that cuts down on duplicate work.

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Business process management (BPM) examples

IBM Services

Conversely, it has a larger scope than task management, which deals with individual tasks, and project management, which handles one-time initiatives. By establishing standardized workflows and decision rules, BPM streamlines the claims process by reducing processing times and minimizing errors.

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CMMS vs. EAM: Two asset management tools that work great together

IBM Business Partners

Core to CMMS is a central database that organizes and communicates information about assets and maintenance tasks to maintenance departments and teams to help them do their jobs more effectively. Other features like vendor and inventory management, reporting, analysis (e.g., What is EAM and what does it do?