#Oddo Development services

[businessfortune]

Top 10 ERP Solutions for SMEs in 2024: Streamline Your Business

Enterprise resource planning software, or ERP software, is a comprehensive suite of integrated SME business management tools that businesses use to automate and manage their essential company operations. These procedures include a number of functional domains, including as manufacturing, supply chain management, finance, human resources, and customer relationship management (CRM). ERP software for small business gives businesses management and visibility into their operations in real time by combining these tasks into a single, integrated system. This connection makes it easier for departments to work together smoothly, improves decision-making skills by providing precise data insights, and increases overall operational efficiency.

Top 10 ERP Solutions for SMEs in 2024: Streamline Your Business

In 2024, ERP benefits for small companies must navigate the ever-complex world of ERP solutions for SMEs systems, which are meant to increase productivity and streamline processes. ERP solutions have advanced dramatically, providing a broad variety of features that assist companies in integrating several operations, from accounting and inventory management to consumer relations & human resources. It's critical for SMBs to choose the appropriate ERP solutions in order to efficiently streamline operations and spur development. Using ERP software for small businesses may lead to better decision-making, better customer service, and more efficient processes.

Microsoft Dynamics 365 (Business Central)

Oracle Netsuite

Infor

SAP Business One

SAGE Intaact

Epicor

Acumatica

SYSPRO

Oddo ERP

Cin7

Introduction to ERP for SMEs in 2024

The implementation of an appropriate Enterprise Resource Planning (ERP) system may significantly impact Small and Medium-sized Enterprises (SMEs) in the ever-changing realm of company management. There has never been a greater need for effective, scalable, & feature-rich, affordable ERP solutions for SMEs as we move into 2024.

Why ERP is Essential for Small and Medium Enterprises

ERP is the system that enables managers the ability to evaluate, get deeper insights, and make effective decisions by giving them visibility into how one issue affects the other processes and real-time financial data. This gives you a competitive advantage, boosts productivity, and can significantly cut expenses.

Trends Shaping ERP Solutions in 2024

ERP solutions are evolving to serve a wider variety of tasks and include new technology as organizations depend more and more on them to operate their operations. We'll discuss eight key trends to watch in 2024 as well as afterwards in this post.

Cloud ERP

Companies are using cloud ERP for SMEs because it's easier to use, less expensive, more elastic, offers new features, requires fewer the IT department resources, and can be expanded to handle corporate expansion by adding more users and functionalities with ease. According to one study, the market for cloud ERP for SMEs is predicted to increase from $72.2 billion in 2023 to $130.5 billion in 2028.

Two-Tier ERP

Through the use of a two-tier ERP approach, corporations may take use of their investments in current affordable ERP solutions at the corporate level (tier 1), whereas subsidiaries and divisions use a separate ERP solution (tier 2), frequently a cloud-based one. Smaller company divisions switch to systems that cater to their specific needs, while larger organizations could keep using their main ERP system handling financials and other essential tasks.

Digital Transformation

Digital transformation, as a continuous process instead than a one-time project, continues to be a primary emphasis in 2024. By integrating digital technology throughout all corporate areas to enhance everyday operations, raise revenue, and increase competitiveness—all while raising staff productivity and enhancing customer service and communication—modern ERP systems play a crucial part in this shift.

Other Technology Integrated With ERP

Even while a company's digital transformation revolves around modern ERP, this is simply a small portion of a larger technological investment. In order to increase the effectiveness of their core operations and procedures, businesses are combining their business apps with other innovative technology. For instance, the level of integration to IoT capabilities is rising. Manufacturers are able to estimate maintenance requirements before an equipment failure stops operations by using ERP systems that are connected with Internet of Things (IoT) sensors to track the performance of equipment in real time.

Personalization

In the past, it was challenging to adapt top ERP platforms for growth with intricate programming languages to the unique requirements of every company. However, ERP benefits for small companies from platforms that are easy to configure; these platforms are referred to by analysts as "low-code" and "no-code" platforms. With the aid of these tools, businesses and their users may effortlessly customize the ERP system to meet their unique requirements without the need for highly skilled technical personnel.

AI-Powered Insights and Improvements

As of 2024, AI and ML capabilities will be key components of ERP systems – not just add-ons. These technologies, which are integrated into the ERP, operate in the background to support the growing need for customisation and enhance a variety of corporate operations. In addition to adding AI capabilities as routine functions, many ERP suppliers these days are also developing these capabilities to take advantage of the most recent advancements in AI technology, such generative AI.

Mobile ERP

For a while now, ERP companies have provided mobile functionality, and mobile applications are increasingly common. ERP systems are developing to give workers mobile access to vital corporate information, enabling them to do back-end and front-end operations from any location, including airports, retail checkout counters, and warehouse floors. Additionally, mobile ERP can promote cooperation among scattered workforces located in various time zones.

Benefits of Implementing ERP in SMEs

Affordable ERP solutions' scalability, flexibility, & user-friendly interfaces help small businesses increase productivity, simplify procedures, and make well-informed decisions. These ERP benefits of small companies’ management software include reduced expenses, better resource use, and satisfied clients.

Improved Efficiency and Productivity

Many repetitive operations that usually take a lot of time and resources are automated by ERP software, particularly for SMEs with little workforce. Consider automating time-sheet management, cost reporting, and purchase order approval procedures.

Cost Reduction and Resource Optimization

Systems remove duplications and maximize resource use by automating and optimizing business processes, which results in significant cost savings and improved operational performance. The automation of repetitive processes is one of the main ways ERP systems save operating expenses.

How to Choose the Right ERP Solution for Your SME

If you're looking for SME business management tools, then might be asking what to look for in ERP software and how to choose the best ERP systems 2024 for your organization. Selecting ERP software for small business that satisfies your needs is crucial since the correct ERP may have a significant impact on the success, cohesiveness, and productivity of your company. However, there are hundreds of various ERP options available on the market, so initially, picking the best ERP systems 2024 for your business may seem overwhelming.

When selecting ERP software, the first step is to ascertain the specific demands and requirements of your organization. It's worthwhile to take the time to determine the top goals for your company and compare the advantages and disadvantages of different systems.

ERP as a Game-Changer for SMEs in 2024

In 2024, the introduction of cloud-based ERP software for small business will be revolutionary because it will provide unmatched security, scalability, and flexibility. These cloud-native ERPs enable real-time team communication and speedy adoption, all while drastically lowering maintenance expenses.

Conclusion:

It is impossible to overestimate the significance of putting in place a solid ERP solution for small and medium-sized businesses as we approach 2024. The proper ERP solution may completely change the way small and medium-sized businesses run with features that boost productivity, facilitate decision-making, and simplify operations. Businesses may acquire a competitive edge and position themselves to top ERP platforms for growth by adopting trends like mobile functionality, cloud ERP, and AI integration. The secret to success is choosing an ERP solution for SMEs that fits your unique requirements and makes it possible for your business to prosper in an increasingly digital environment. Purchasing the appropriate ERP system is not only a wise strategic choice, but it can also be a game-changer that helps SMEs succeed long-term.

FAQ:

What is ERP, and how does it benefit SMEs?

Enterprise Resource Planning, or ERP, unifies different corporate operations into a single system to improve decision-making, visibility, and efficiency. It enhances customer service, lowers expenses, and streamlines processes for SMEs.

How do I choose the right ERP solution for my SME?

Determine the exact features you need for your organization, weigh your alternatives for integration and scalability, and analyze the cost and support offered by the vendors.

Are cloud-based ERP systems better for SMEs?

Indeed, cloud-based ERPs are perfect for SMEs since they provide scalability, flexibility, reduced initial expenses, and simpler upgrades.

What is the average cost of implementing an ERP system for SMEs?

Expenses might vary from $20,000 - $200,000 or more, contingent upon the system's features, complexity, and scale.

How long does it take to implement an ERP system in an SME?

Depending on the organization's preparedness and the complexity of the system, implementation usually takes three to twelve months.

[inspireofficespace1]

How Odoo ERP software helps warehouse and inventory

Warehouse and Inventory Management System Inventory management is a serious business function for Perfect trading businesses including e-commerce companies, wholesalers, retailers, stockists, and distributors. Open Source ERP in Odoo Software helps them to manage the retail locations, product locations and run the warehouse efficiently. Without an ERP Software solution inventory management will be facing many challenges. ERP software involves Product stock outs, Mismanagement of warehouse space, and Detectives problems leading to decreased productivity and poor customer service Odoo is an ERP software solution development platform, and it is open-source and fills all the inventory management needs of business Odoo ERPs advanced features like double-entry inventory, cross-docking, multi-warehouse management, drop-shipping, routing, and other features will be a perfect match for inventory management. Odoo inventory management system makes permits easy, the process of managing and tracking stock levels, It increases efficiency and better productivity and It gives the inventory teams to manage all the essential talks.

Odoo inventory is fully integrated ERP software that has all the applications like accounting, purchase, manufacturing, sales, and shipping that are connectors for uncomplicated inventory management.

Features Of Oddo Inventory Management System Basic Operation Support :

Odoo support all the basic operation occurs in a warehouse. These functions include preparing to manage approaching shipments, inventory counts, barcode-based fragments, and packing management.

Advanced Routing:

Odoo support advanced routing operations are mentioned below: Dropshipping: Delivery goods directly to customers from the suppliers. Put Away And Removal Strategies: Define your storage and removal strategies. Pick-Pach Ship: Design every individual orders process flow. Deliver the products directly to the customers either in one step (delivery order) or several processes such as picking, packing, shipment. Cross-Docking: Unlock the materials directly from the incoming trucks or rails and transfer them to outbound gates with no storage in between. Push And Pull Routes: Designs all product routes individually to automate transfer between warehouses.

Traceability:

There are many features in Odoo traceability. Some of the features are lots of tracking, activity log, serial number, and permanent valuation, enabling the organization to track their product inside and outside inventory.

Replenishment:

Odoo offers several options to keep the inventory replenishment. Some of the op Purchase Propositions: Get your purchase order propositions based on the demand of the product, inventory forecast, and supplier lead time.

Request For Quotations: Odoo activates the request for quotation automatically based on future needs.

Make to order: Customers can purchase products as per their customized specifications. Define your routes to specific orders, products, and warehouses.

Product Management Features: Product Types: Odoo support various product types such as services, physical products, digital consumables, and products.

Multi-Level Variants: Oddo supports multi-level variants, creating a matrix based on color, size, and attributes.

Multiple Barcode: By using Odoo ERP software, you can create multiple barcodes with specific codes to apply specific promotions and other required activities…

Expiration Dates: By Odoo you can also track the expiration date of the products.

How to Set up Odoo Warehouse and inventory management system? Dashboard:

Odoo inventory management and warehouse system provide a view of all the operations in your warehouse, The dashboard gives you an overview of plenty of options like receipts, internal transfers, and orders delivery.

Odoo • A picture with a caption

Inventory>Operations>All transfers Here in this tab, you can see the following fields: Check the confirmed sales and purchase orders listed Just click to view the status of each order. Configuration of Warehouse:

Instead of having a single warehouse an organization can have multiple warehouses

Inventory>Configuration>Setting>Multi warehouse Inventory>Configuration>setting>Product Odoo • A picture with a caption

There are three sections under this tab:

Measures of unit

Product variants

Methods of packing

Inventory>Configuration>Setting>Traceability Inventory>Configuration>Setting>Locations and Warehouse There are varieties of fields in the location and warehouse tab:

Procurement: In the first Option you can select the method to reserve a product after the order is confirmed. If you want to schedule to reserve the product, select the second option. Warehouses and Location level: Select the option needed for your usage level. Routes: If the purchase has more than one step select advance routing. Drop Shipping: It gives permission to configure different delivery options for the supplier Location:

Location refers to the different areas in your warehouse. Here you can add multiple locations in your warehouse. All the in and out transactions are recorded by the locations. There are three types of location.

Physical Location: These locations will be in your warehouse Parent Location: These locations will not be under the warehouse Virtual Location: These locations are Unphysically Odoo • A picture with a caption

Inventory > Configurations > Locations Create a location: Inventory>Configurations>Locations>Create Operations:

Operation is mention as different tasks throughout the warehouse such as receipts, internal transfers, and delivery of the order

Inventory>Configuration>Warehouse Management>Warehouse Types>Create Odoo • A picture with a caption

Operations:

Operation is mention as different tasks throughout the warehouse such as receipts, internal transfers, and delivery of the order

Inventory>Configuration>Warehouse Management>Warehouse Types>Create Complete the operation details and click and to list these operations in the dashboards. Routes:

Routes are defined as different ways by which a product is purchased or sold from an organization's warehouse. You can follow the single-step process or multi-step process. They also confirm that the sale or purchase product is tracked properly. A route is a collection of purchase and push rules. Odoo can easily maintain and manage the advanced push and pull routes management.

For example, Default location management of particular product

Product manufacturing chains managing

Routes will be defined within the warehouse according to the business requirements like quality control and supplier returns.

You can view routes form:

Inventory>Configuration>Routes Odoo • A picture with a caption

This field shows us how you track your product in the inventory Odoo • A picture with a caption

Select the product option in the master data, You can either create a new product or import the products from the stored product list. The product list can be shown in a kanban view.

Odoo • A picture with a caption

Inventory>Inventory control>product>Create The important fields in this section are:

Can be sold: When you mark the product and it will be listed in the sales

Can be purchased: when you mark the product and it will be listed in the purchase

You can even import the bulk product entries that are already there via XLS or CSV file

Inventory>Master Data>product>Import

Select the Excel file or CSV Odoo • A picture with a caption You can also analyze the product. It will show the name of the products, price of the product, type of the product, forecasted quantity, and the number of products in hand. Odoo • A picture with a caption

Products are out from the warehouse according to their expiry date. By defining the expiry date on the serial number, you will be able to manage the movement of the products, based on their expiration date.

Product Attributes:

Odoo • A picture with a caption

Under the product variant, you can add the variants of your products: Click ( Add an Item)

Add an attribute ( For example, color)

Add attribute values

Product Type:

After creating a product, you need to configure the product type. There are three product types Consumable Product:

In this type, the stock is not managed. It means you need to deliver the goods as soon as possible you receive them. In this type of product, the stock is not maintained in the system and it is only for a short time. For consumable products, odoo will pop up a warning message in the quotation if a sufficient balance is not available in the stock. Service Product:

Service products are non-material products that are provided by an organization. In this, products are configured at the time when the organization is providing a particular service to the customers. It is suitable for businesses like consulting services, etc. Stackable Product:

In this product type, you can manage all stocks. The reload of this product is generally automated by the rules established in odoo. In stackable products, Odoo ERP set up shipment transactions against a purchase order. If you pick your product type as a stackable product, then you can set trackable, reordering rules, routes, and bills of materials for the same. You can also maintain minimum stock levels by reordering the rules for stock in the odoo ERP system. In this way, the stock will not reach the minimum levels. You don’t want to set a reordering rule, Open Source Odoo ERP software will show up a warning notification in the quotation if there isn’t enough balance in the balance. Reordering Rule:

In this product type, you can manage all stocks. The reload of this product is generally automated by the rules established in odoo. In stackable products, Odoo ERP set up shipment transactions against a purchase order. If you pick your product type as a stackable product, then you can set trackable, reordering rules, routes, and bills of materials for the same. You can also maintain minimum stock levels by reordering the rules for stock in the odoo ERP system. In this way, the stock will not reach the minimum levels. You don’t want to set a reordering rule, Open Source Odoo ERP software will show up a warning notification in the quotation if there isn’t enough balance in the balance. It refers to the rule of activating the purchase of the product when the stock reaches the minimum level. You can also create a custom rule to restock the inventory.

Inventory - Inventory Control - Reordering rule - Create Set a minimum and maximum quantity of the product. Click on the create button to open a new window. Create the name and select the product for which you want to set the reordering rules. Choose the warehouse where the product should be delivered. On the minimum quality side, add the minimum numbers to which the system will activate a new order. Also, add a maximum number of items that have to be shored in the maximum quality field. In quantity multiple fields you can insert the lowest number of items that are ordered. The number of days to purchase communicate to the number of days for a supplier to receive the product. The number of days to receive the products. Odoo • A picture with a caption

Inventory Update:

Odoo • A picture with a caption Single Product One Product Category Pack of Products Selected Product Single lot/ serial number There are other fields that come under the inventory tab:

Vendor: You can insert vendors (suppliers) of any product. Routes: The way by which the organization receives the product. Tracking: You can track the mechanism by using the serial number or lot number.

You can also update the inventory form by the following steps:

Inventory - Inventory Adjustment - Create

Click the required products and select Start Inventory

By clicking product quantity you can change the stock details.

Select Validate.

Scarp Orders:

A product that is outdated or broken is known as scrap. Scraping the product means to take out from the stock. Odoo • A picture with a caption The following are the steps to add the scrap products to your inventory: Inventory - Inventory Control - Scrap - Create

Add the scarp product details and click save.

Scheduler:

To check the reordering rules you can run the scheduler and then take suitable actions. Scheduler - Run Scheduler Select run scheduler

Reports:

Odoo inventory management system offers the users easy and efficient reports to make clever decisions. Inventory - Reports Benefits of odoo ERP inventory software management system with inspire Our ERP team has experienced builders in customizing Odoo inventory management to give our best in inventory management solutions. Inventory professionals have developed a measurable solution with open-source ERP platforms like Opentaps, Odoo, and Of biz for many clients across the globe.

Our team has experience in developing an ERP system from scratch with customized features of Odoo. For easy customization to Odoo implementation, Our team gives the organization to fully automate business processes Conclusion: By using the Odoo ERP inventory management system, the organization can avoid the risk of running out of stock, improve accounting accuracy, decreases losses, and provide systematic customer service. Odoo ERP provides businesses to organize their operations.

[nonooddo]

WOW - The HOA sent out a survey....

Of course I say 'the HOA sent out a survey' - I really mean corporation First Service Missouri, Inc" acting as "agent" for corporate "Cedar Creek Village I, Inc." (Your specific 'corporate identity' may well be different, of course. Don't worry about that - you have no business trying to have a say in such things!)

And, of course, when I say this 'Missouri' Inc or that 'Village' Inc - what I really mean is the developer ... whose hands remain firmly clasped round the entire throat of Cedar Creek... has sent out a survey.

And having read the survey - which offers a non-choice between two Oddo options ... a 'you are getting freaking apartments whether you like it or not' option, if you will - what I really mean is an ODDO INTERESTS SURVEY has been sent out via proxies.

After all - to paraphrase Henry Ford - if 'you can decide on apartments in any number and configuration you like - so long as its an Oddo number and configuration' - we all know whose idea this is, or whose interest is really being served. Hint - it 'aint yours!

But still, isnt it nice to know that you are a valuable element in this process - its YOUR money that's paying the 'survey monkey' - and trust me, its not peanuts!

DON'T PARTICIPATE IN A FAKE PLEBISCITE.

OBJECT TO DEVELOPER INTERESTS MASQUERADING AS AN HOA.

REJECT THE DEVELOPER ONLY NARRATIVES.

[johnklok]

Theme Scita is Now Odoo v16 Compatible

Theme Scita is your one-stop solution for sophisticated themes on the Odoo Theme store. It is designed keeping in mind more than 35 industries like ecommerce, fashion, IT service, finance, healthcare, and more. So with the release of Odoo 16, we upgraded our Theme Scita and made it v16 compatible. So, if you are a v15 user, you can easily upgrade to v16 without any hassle.

Giving us more insights on this new release, Amit Shah, the owner of AppJetty, said, “We developed the Scita theme keeping in mind the demands of continuously changing industries. We always ensure that our themes include the latest features and are compatible with new versions. That is why as soon as Oddo 16 was released, our team started working on the new changes. Today, we are happy to announce that your favorite Scita theme is now compatible with Odoo v16. ”

The new Oddo version focuses on performance boost, effortless communication, seamless user experience, and has new features in modules. Backend pages are at least 3.7 times faster than the previous version. All these features are worth integrating, and that is why the Scita theme has been upgraded soon after the v16 release.

Amit Shah further added that “New version releases come with additional features and bug fixes of the older version. We want our customers to have a smooth experience with our themes. So, keeping all this in mind, we have updated our Scita theme. We will keep updating our theme every year after Odoo releases its new version so that our customers can use the best.”

Check out the theme Scita  https://apps.odoo.com/apps/themes/16.0/theme_scita/

  All product and company names are trademarks™, registered® or copyright© trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.

The Article is originally published on: 

https://www.appjetty.com/blog/odoo-theme-v16-scita/

[terrilevineworldwidecoaching]

Providing quality & impactful hypnotherapy, coaching, & personal development services & products to help people reach their full potential in Anoka, MN, USA

[workspacesposts]

How Odoo ERP software helps warehouse and inventory

Warehouse and Inventory Management System

Inventory management is a serious business function for Perfect trading businesses including e-commerce companies, wholesalers, retailers, stockists, and distributors. Open Source ERP in Odoo Software helps them to manage the retail locations, product locations and run the warehouse efficiently. Without an ERP Software solution inventory management will be facing many challenges. ERP software involves Product stock outs, Mismanagement of warehouse space, and Detectives problems leading to decreased productivity and poor customer service Odoo is an ERP software solution development platform, and it is open-source and fills all the inventory management needs of business  Odoo ERPs advanced features like double-entry inventory, cross-docking, multi-warehouse management, drop-shipping, routing, and other features will be a perfect match for inventory management.

Odoo inventory management system makes permits easy, the process of managing and tracking stock levels, It increases efficiency and better productivity and It gives the inventory teams to manage all the essential talks.

Odoo inventory is fully integrated ERP software that has all the applications like accounting, purchase, manufacturing, sales, and shipping that are connectors for uncomplicated inventory management.

Features Of Oddo Inventory Management System

Basic Operation Support :

Odoo support all the basic operation occurs in a warehouse. These functions include preparing to manage approaching shipments, inventory counts, barcode-based fragments, and packing management.    

Advanced Routing:

Odoo support advanced routing operations are mentioned below:

Dropshipping: Delivery goods directly to customers from the suppliers.

Put Away And Removal Strategies: Define your storage and removal strategies.

Pick-Pach Ship: Design every individual orders process flow. Deliver the products directly to the customers either in one step (delivery order) or several processes such as picking, packing, shipment.  

Cross-Docking: Unlock the materials directly from the incoming trucks or rails and transfer them to outbound gates with no storage in between.

Push And Pull Routes: Designs all product routes individually to automate transfer between warehouses.

Traceability:

There are many features in Odoo traceability. Some of the features are lots of tracking, activity log, serial number, and permanent valuation, enabling the organization to track their product inside and outside inventory.

Replenishment:

Odoo offers several options to keep the inventory replenishment. Some of the op

Purchase Propositions: Get your purchase order propositions based on the demand of the product, inventory forecast, and supplier lead time.

Request For Quotations: Odoo activates the request for quotation automatically based on future needs.

Make to order: Customers can purchase products as per their customized specifications. Define your routes to specific orders, products, and warehouses.

Product Management Features:

Product Types: Odoo support various product types such as services, physical products, digital consumables, and products.

Multi-Level Variants: Oddo supports multi-level variants, creating a matrix based on color, size, and attributes.

Multiple Barcode: By using Odoo ERP software, you can create multiple barcodes with specific codes to apply specific promotions and other required activities...

Expiration Dates: By Odoo you can also track the expiration date of the products.

How to Set up Odoo Warehouse and inventory management system?

Dashboard:

Odoo inventory management and warehouse system provide a view of all the operations in your warehouse, The dashboard gives you an overview of plenty of options like receipts, internal transfers, and orders delivery.

Inventory>Operations>All transfersHere in this tab, you can see the following fields:

Check the confirmed sales and purchase orders listed

Just click to view the status of each order.

Configuration of Warehouse:

Instead of having a single warehouse an organization can have multiple warehouses

Inventory>Configuration>Setting>Multi warehouse

Inventory>Configuration>setting>Product

There are three sections under this tab:

Measures of unit

Product variants

Methods of packing

Inventory>Configuration>Setting>Traceability

Inventory>Configuration>Setting>Locations and Warehouse

There are varieties of fields in the location and warehouse tab:

Procurement: In the first Option you can select the method to reserve a product after the order is confirmed. If you want to schedule to reserve the product, select the second option.

Warehouses and Location level: Select the option needed for your usage level.

Routes: If the purchase has more than one step select advance routing.

Drop Shipping: It gives permission to configure different delivery options for the supplier

Location:

Location refers to the different areas in your warehouse. Here you can add multiple locations in your warehouse. All the in and out transactions are recorded by the locations. There are three types of location.

Physical Location: These locations will be in your warehouse

Parent Location: These locations will not be under the warehouse

Virtual Location: These locations are Unphysically

Inventory > Configurations > LocationsCreate a location: Inventory>Configurations>Locations>Create

Operations:

Operation is mention as different tasks throughout the warehouse such as receipts, internal transfers, and delivery of the order

Inventory>Configuration>Warehouse Management>Warehouse Types>Create

Operations:

Operation is mention as different tasks throughout the warehouse such as receipts, internal transfers, and delivery of the order

Inventory>Configuration>Warehouse Management>Warehouse Types>Create

Complete the operation details and click <Activate> and <Save> to list these operations in the dashboards.

Routes:

Routes are defined as different ways by which a product is purchased or sold from an organization's warehouse. You can follow the single-step process or multi-step process. They also confirm that the sale or purchase product is tracked properly. A route is a collection of purchase and push rules. Odoo can easily maintain and manage the advanced push and pull routes management.

For example,

Default location management of particular product

Product manufacturing chains managing

Routes will be defined within the warehouse according to the business

        requirements like quality control and supplier returns.

You can view routes form:

Inventory>Configuration>Routes

This field shows us how you track your product in the inventory

Select the product option in the master data, You can either create a new product or import the products from the stored product list. The product list can be shown in a kanban view.

Inventory>Inventory control>product>Create

The important fields in this section are: Can be sold: When you mark the product and it will be listed in the sales

Can be purchased: when you mark the product and it will be listed in the purchase

You can even import the bulk product entries that are already there via XLS or CSV file

Inventory>Master Data>product>Import

Select the Excel file or CSV

You can also analyze the product. It will show the name of the products, price of the product, type of the product, forecasted quantity, and the number of products in hand.

Products are out from the warehouse according to their expiry date. By defining the expiry date on the serial number, you will be able to manage the movement of the products, based on their expiration date.

Product Attributes:

Under the product variant, you can add the variants of your products:

Click ( Add an Item)

Add an attribute ( For example, color)

Add attribute values

Product Type:

After creating a product, you need to configure the product type. There are three product types

Consumable Product:

In this type, the stock is not managed. It means you need to deliver the goods as soon as possible you receive them. In this type of product, the stock is not maintained in the system and it is only for a short time. For consumable products, odoo will pop up a warning message in the quotation if a sufficient balance is not available in the stock.

Service Product:

Service products are non-material products that are provided by an organization. In this, products are configured at the time when the organization is providing a particular service to the customers. It is suitable for businesses like consulting services, etc.

Stackable Product:

In this product type, you can manage all stocks. The reload of this product is generally automated by the rules established in odoo. In stackable products, Odoo ERP set up shipment transactions against a purchase order. If you pick your product type as a stackable product, then you can set trackable, reordering rules, routes, and bills of materials for the same. You can also maintain minimum stock levels by reordering the rules for stock in the odoo ERP system. In this way, the stock will not reach the minimum levels. You don’t want to set a reordering rule, Open Source Odoo ERP software will show up a warning notification in the quotation if there isn’t enough balance in the balance.  

Reordering Rule:

In this product type, you can manage all stocks. The reload of this product is generally automated by the rules established in odoo. In stackable products, Odoo ERP set up shipment transactions against a purchase order. If you pick your product type as a stackable product, then you can set trackable, reordering rules, routes, and bills of materials for the same. You can also maintain minimum stock levels by reordering the rules for stock in the odoo ERP system. In this way, the stock will not reach the minimum levels. You don’t want to set a reordering rule, Open Source Odoo ERP software will show up a warning notification in the quotation if there isn’t enough balance in the balance.  

Inventory  - Inventory Control - Reordering rule  - Create

Set a minimum and maximum quantity of the product.

Click on the create button to open a new window.

Create the name and select the product for which you want to set the reordering rules.

Choose the warehouse where the product should be delivered.

On the minimum quality side, add the minimum numbers to which the system will activate a new order.

Also, add a maximum number of items that have to be shored in the maximum quality field.

In quantity multiple fields you can insert the lowest number of items that are ordered.

The number of days to purchase communicate to the number of days for a supplier to receive the product.

The number of days to receive the products.

Inventory Update:

Single Product

One Product Category

Pack of Products

Selected Product

Single lot/ serial number

There are other fields that come under the inventory tab:

Vendor: You can insert vendors (suppliers) of any product.

Routes: The way by which the organization receives the product.

Tracking: You can track the mechanism by using the serial number or lot number.

You can also update the inventory form by the following steps:

Inventory - Inventory Adjustment - Create

Click the required products and select Start Inventory

By clicking product quantity you can change the stock details.

Select Validate.

Scarp Orders:

A product that is outdated or broken is known as scrap. Scraping the product means to take out from the stock.

The following are the steps to add the scrap products to your inventory:

Inventory - Inventory Control - Scrap - Create

Add the scarp product details and click save.

Scheduler:

To check the reordering rules you can run the scheduler and then take suitable actions.

Scheduler - Run Scheduler

Select run scheduler

Reports:

Odoo inventory management system offers the users easy and efficient reports to make clever decisions.

Inventory - Reports

Benefits of odoo ERP inventory software management system with inspire

Our ERP team has experienced builders in customizing Odoo inventory management to give our best in inventory management solutions. Inventory professionals have developed a measurable solution with open-source ERP  platforms like Opentaps, Odoo, and Of biz for many clients across the globe. Our team has experience in developing an ERP system from scratch with customized features of Odoo. For easy customization to Odoo implementation, Our team gives the organization to fully automate business processes

Conclusion:

By using the Odoo ERP inventory management system, the organization can avoid the risk of running out of stock, improve accounting accuracy, decreases losses, and provide systematic customer service. Odoo ERP provides businesses to organize their operations.

[un-enfant-immature]

Withings raises $60 million to bridge the gap between consumer tech and healthcare providers

Since being re-acquired from Nokia in 2018 by a group including its original founders and some of its original investors, health tech company Withings has been focused on evolving their offering of consumer health hardware to provide medical-grade data that can be shared with, and leveraged by healthcare professionals to deliver better, more personalized care. The company has now raised another $60 million to continue pursuing that goal, a Series B funding round co-led by Glide Healthcare, along with existing Withings investors IDinvest Partners, Bpfrance and BNP Paribas Développement, ODDO BHF and Adelle Capital.

Withings will use the funds to ramp up its MED PRO division, a part of the business formed last year that focuses on the company’s B2B efforts, placing its medical-grade consumer health devices in programs and deployments managed by medical professionals, health institutions, insurance payers, researchers and more.

In an interview, Withings CEO Mathieu Letombe explained that following the re-acquisition of the company, the team set out to “pivot slightly” in regards: First, the company would only focus on medical grade products and services from here on out, something that Letombe said was done at least in part because of how crowded the general ‘wellness’ tech category has become, and in part because players like Apple had really, in their view, made the most of that category with their Apple Watch and other health features.

The second was to shift on their business side to better address the B2B market – primarily due to inbound requests to do so.

“We were getting a lot of requests from the healthcare industry,” Letombe told me. “And by the healthcare industry I mean major healthcare programs, like the diabetes prevention program, the hypertension program. Also hospitals, insurers and Pharma, so we decided to dig into it and we saw the there was a huge demand for medical connected devices from this world.”

According to Letombe, Withings was well-positioned to address this need, and had an advantage over other traditional medical device suppliers for enterprise and industry. The company’s DNA was in building accurate, user-friendly devices to help them keep an eye on their wellbeing at home, and so they put their focus on evolving those products so that the results they provide pass the standards of governing medical device regulatory bodies around the world.

Withings’ special advantage in this pursuit was that it knew very well how to build products that customers want to use, and have opted to pay out of pocket for in the past. Most medical equipment for at-home monitoring that comes from a payer or a healthcare institution hasn’t had to face the challenges and focusing rigor of the consumer technology market, and it’s foisted upon users, not selected by them from a field of choices. Letombe says that this consumer edge is what has helped Withings with its B2B business, and notes that both sides of the market will continue to be of equal importance to the company going forward.

The company had been turning its attention to building out a suite of products, from smart blood pressure monitors, to scales that measure body fat percentage, to contactless thermometers and much more, long before there was any hint of the current COVID-19 pandemic, obviously. But that demand from the healthcare industry has stepped up considerably in the wake of the coronavirus, which has accelerated plans from insurers, care providers and healthcare pros to develop and deploy remote care capabilities and services.

“We also got a ton of requests from a company that wanted to create back-to-work packages, were there was a thermometer or a scale or blood pressure monitor for them to help the employee understand if they are at risk for COVID,” Letombe said, noting that the B2B opportunities the company has seen extend beyond the healthcare industry itself.

Image Credits: Withings

To assist with its new medical B2B focus, Withings has also formed a Medical Advisory Board, which Letombe says they’ve actually been working with for a year but that they’re only announcing publicly alongside this funding. The board includes Mayo Clinic Platform President Dr. John Halamka, former head of Clinical Pharmacology in Hôpital Européen Georges Pompidou Dr. Stéphane Laurent, and former head of Clinical Innovation at Pfizer Craig Lipset – top medical professionals across respected institutions and one of the largest therapeutics companies in the world.

Letombe notes that Withings also has a number of medical physicians and professionals on staff, as well as a psychologist and a physicist, and so they’re involved in building the products themselves throughout their design and creation, rather than just validating their results after the fact.

Withings would seem to be in a great position to address not only the growing need for connected medical monitoring tools, but also to understand exactly what makes those products work for consumers, and become something they actively want to use as part of their lifestyle. This new $60 million round is a vote of confidence in that strategy, and in its ability to become something bigger and still more ambitious.

[nyslovesfilm]

Staten Island Small Businesses Ready for Their Close-Up

More than 20 film and television productions have been shot on Staten Island since 2018 and the borough’s small businesses want to be a part of that growth in production. An Oct. 28 roundtable discussion aimed to help that happen. Sponsored by the Governor’s Office of Motion Picture & Television Development (MPTV) in partnership with the Staten Island Chamber of Commerce and the Staten Island Borough President’s Office, the event featured helpful strategies from production professionals.    

Representatives from a cross-section of Staten Island businesses—including marketing, shipping, caterers, storage facilities and security services—attended the roundtable to find out ways they can take part in film production. Production supervisor Gus Gustafson and assistant location manager James Kenny, who both worked on Judd Apatow’s Staten Island feature, attended and shared their production perspective. The roundtable also featured representatives from the soundstages and from some of Staten Island’s most popular filming locations, including Snug Harbor and Bayley-Seton Hospital.

“Productions often operate at an extremely fast pace so when we partner with businesses and communities during filming it’s crucial that both sides have a solid understanding of what to expect,” Kenny said, adding, “Local businesses can often get things done fast because they already have a built-in community network.”

Staten Island businessman Bob Cutrona vouched for the pace and flexibility needed when working with film productions. His company Project One Services, Inc., has been called on to do a variety of services for shoots, from defoliating trees to painting interiors, to finding a location for Boardwalk Empire. Recalling one project, Cutrona said his company had been hired to clean cell blocks and other areas at the old Arthur Kill Correctional Facility for a shoot. “The night before the scenes were to be shot, I got a call around 10 p.m.,” Cutrona said. “The director had changed his mind. The production needed us in at 5 a.m. to clean another cell block to be ready for an early morning call time. I was able to pull my crew together and get it done.”

Staten Island is a longtime favorite of filmmakers including: Francis Ford Coppola, who shot scenes from The Godfather there in 1972; Martin Scorsese, who shot scenes from Goodfellas there; and Steven Spielberg, who in 2005 staged scenes for War of the Worlds that had aliens destroying the Bayonne Bridge and surrounding neighborhoods.

More recently, Hulu’s American Saga, a biopic series about the origins of the Wu Tang Clan, was shot on Staten Island. Judd Apatow directed Pete Davidson there last summer in the aptly-titled Staten Island. With infrastructure investments by Broadway Stages and RiverBridge Studios, film-friendly communities, and a variety of unique locations, film production growth in the borough is likely to continue.

“Since the inception of Borough President Oddo’s Made on SI initiative, Staten Island has thrown its doors open to the film industry,” said Jennifer Sammartino, Deputy Chief of Staff to Staten Island Borough President, James Oddo. “This is a win for everyone as our landscape can double for so many time periods and locales – cultural organizations, churches, offices, parks and private homeowners have all benefitted from working with the industry. It’s also a boon to small businesses and has many young people excited about the prospect of working in the industry.”

Members of the MPTV team will be heading back to the Staten Island Chamber of Commerce in December for a Small Biz/Film Biz Bootcamp, where businesses can learn tangible tips and best practices for working with productions. In addition, a listing of film-ready businesses will be created by the SI Chamber of Commerce for productions to access. MPTV will amplify the listing through social media channels and will highlight Staten Island businesses as part of our #MerchantMondays campaign on Facebook at Twitter.

To find out more about filming on Staten Island and the many resources available to filmmakers, go to Made On SI. To see more of Staten Island’s unique locations in the MPTV locations library, click here.  

[digitalmark18-blog]

Building your multifamily brand

New Post has been published on https://britishdigitalmarketingnews.com/building-your-multifamily-brand/

Building your multifamily brand

Renters often start their search for a new home online. If a multifamily property company boasts a strong brand, consumers will go straight to the property’s website to do research instead of searching Google or social media for suggestions on where to move. That’s a huge advantage in a competitive market.

Still, your multifamily property website better deliver a great experience or prospects will quickly move on to research the multitude of other rental options in the area.

Property companies still working to build brand awareness typically rely on search engine queries, internet listings and social media to attract new renters. With all of the online competition, how can a multifamily property company avoid getting lost in the crowd?

“In any competitive scoop, it is important to have brand awareness,” says Danielle Hoffman, national multifamily sales director at PERQ. “It establishes trust and confidence in what you’re buying. This is even more important in a high-service sale. Multifamily is so competitive, so creating a brand helps people feel connected. When deciding on a home, you want to feel all warm and fuzzy.”

Developing a quality brand takes time and an ongoing effort to maintain, but it’s one of the most important things a multifamily property company can do to succeed. “Building a brand, sending a consistent message, and building a positive reputation is paramount,” says Mary Jane Trujillo, president of Barrett & Stokely, an Indianapolis-based multifamily property management company that oversees properties in nine states.

Make multifamily property websites memorable

While every consumer interaction impacts a company’s brand, the property’s website is typically the first touchpoint. To entice the website visitor to take a tour and seriously consider living there, the website experience must make a lasting impact.

“Make sure you are creating great experiences for your customers,” Hoffman says. “We work so hard to do this in person, but neglect doing this on a property website. Your website is now your first impression, so make it positive and make it memorable.”

Many multifamily property websites showcase beautiful pictures and static content that lists the amenities and various community features. By integrating interactive technology on the website, companies can grab a renter’s attention and keep it.

Jeanette Cox, who sits on the Board of Directors for the National Apartment Association, says digital success comes from understanding how the consumer wants to shop and giving them features that will encourage them to remain focused on your brand.

“With people doing so much more online and wanting less verbal communication, the more tools that a marketing company has online to help customers visualize and go through the experience independently, means they have people stay on those sites longer,” says Cox, who’s also the VP for Oddo Development in Kansas City, Kansas. “I think any time you can use interactive tools like room planners and 3D tours, it’s realizing what consumers are wanting.”

Create a personalized website experience that remembers a visitor’s name and information every time they return to the site, and serves up relevant content, incentives and calls to action. It’s this type of AI technology that allows big online brands like Amazon to really connect with customers despite its size and vast audience.

Offer interactive research tools on the property website, such as a budgeting calculator or floor plan assessment, to keep prospects engaged with your brand and establish trust by being genuinely helpful.

Nurture relationships with renters

Interactive website technology allows multifamily property companies to track a website visitor’s journey as they conduct research on the site, giving leasing agents in-depth lead information to help convert the lead while also foster a relationship with the prospective resident.

“You’re getting a lot of details about that person. It gives your leasing agents the ability to connect with them right when they get on a call,” says Patty Crawford, PERQ’s VP of multifamily sales. “They are not having to build rapport; they’ll already have established that because the lead is so robust.”

Ultimately, multifamily property brands sell a lifestyle and a home, so every customer interaction should be welcoming and inviting. When a prospect contacts a property or comes in for a tour, they’re not just checking out the amenities. They want to test out the company’s atmosphere and interact with the staff. If the property management is not very responsive or helpful, prospects may wonder if the same will be true when they live there.

Maintain a strong multifamily brand

Multifamily properties must focus on all of these interactions to establish a successful brand, then continuously vet the process to maintain the brand’s integrity.

Managing a brand’s reputation online is critically important these days. Read both positive and negative feedback to see how renters perceive the company and what changes the property should implement to improve the brand’s perception. Respond to all reviews in a professional and positive manner to show the company is engaged and open to improvement.

“Some clients will never be satisfied,” Trujillo says. “You have a very good rapport when you respond.”

Trujillo points out that Barrett & Stokely’s high-quality product and their caring, well-trained staff is what ultimately makes the brand stronger. Patty Crawford, who worked in the multifamily industry for more than 20 years before joining PERQ, also ranks service as one of the key components of branding.

“When you rent from an established brand that has set high standards, their goal is really customer service and they see all of the residents as customers,” Crawford says. “Looking at the brand, you want it to be a legitimate, fair and customer-focused company that’s looking out for your best interests.”

Author: Kristy Esch, senior marketing manager, PERQ

Source: https://mhpmag.com/2018/08/building-your-multifamily-brand/

[ladystylestores]

E-commerce Is ‘The New Name of the Game’ at L’Oréal – WWD

https://ift.tt/2VydTZJ

PARIS — Throughout the coronavirus pandemic, e-commerce is helping to buoy many a company’s business, including the world’s largest beauty maker L’Oréal, where the channel has developed at warp speed.

Jean-Paul Agon, the group’s chairman and chief executive officer, spelled out the impact that digital is having on the company during a call with financial analysts and journalists on Friday morning, the day after the beauty giant published second-quarter and first-half 2020 results.

“E-commerce is the new name of the game,” he said.

Agon outlined four main ways L’Oréal has exhibited resilience over the past few months, starting with e-commerce, which he said “has grown even stronger during the crisis.”

L’Oréal’s e-commerce sales jumped 64.6 percent in the first six months of the year and now represent one-quarter of the group’s total sales, which reached 13.08 billion euros in the period.

That meant e-commerce revenues were “growing almost twice the speed of the market and accelerating every month, even as stores are reopening,” said Agon.

(By contrast, e-commerce sales accounted for 15.6 percent of L’Oréal’s overall business in full-year 2019.)

“For the first time, online sales are growing faster in countries outside China like, for example, the U.S. or Western Europe,” he said. “Second reason, we have capitalized on our excellence in digital. Our brands are creating more personalized and engaging consumer experiences, like virtual try-ons, diagnostics, teleconsultations and shoppable livestreaming. All of this is building stronger relationships between our brands and consumers.”

Agon said digital also enhances L’Oréal’s return on investment in media with sharper targeting. Sixty-percent of the company’s media spend was in the digital realm.

“E-commerce is the most important topic of this first half,” said Agon. “[It] has seen an acceleration as never before, and in terms of penetration of e-commerce in our business, we have progressed in these last 10 weeks as much as we did in the previous three to four years.

“So the capacity of the company to excel in e-commerce is more vital and strategic than ever,” he said.

Agon specified that when he referred to the growth in the channel, that represented an average.

“When you look month-by-month, in fact at the end of the period, we are growing even more than that,” said the ceo. “For example, it grew by 75 percent in May, or 82 percent in June. So I believe that also the 25 percent average percentage of sales will be for the last month of the period higher than that.”

L’Oréal is fairly evenly weighted between the various types of e-commerce its businesses trade in.

“E-tailers represent 30 percent; online pure players, 27 percent, and d-to-c, 43 percent,” said Agon, explaining that “direct e-commerce” is comprised of Tmall and L’Oréal’s own sites. “The very good thing in this first half is that for the first time we have seen a very strong acceleration of our own sites.”

Sales generated by those rose about 80 percent. Agon said this marks a “real tipping point.”

E-commerce today is embedded in all of L’Oréal’s geographies and divisions, so it’s difficult to pinpoint how it bears on profitability.

“What is sure is that it has clearly an [accretive] impact on our different businesses,” said Agon.

L’Oréal began its e-commerce push in China.

“Now our business in China is more than 50 percent in e-commerce,” said Agon “So [it’s] completely transformed the way we market products in China.”

The recently formed team driving L’Oréal’s activity in the U.S., under Stéphane Rinderknech, is mandated with speeding up e-commerce’s penetration in the company’s business there.

And the results are palpable. During the first half, L’Oréal’s e-commerce sales rose by more than 100 percent, the first time the group posted triple-digit growth in the channel anywhere.

“E-commerce will continue to grow — Q2 [with] plus 119 percent in the U.S. and plus 91 percent in Western Europe — and that’s what we are seeing in China,” wrote Pierre Tegnér, an analyst at ODDO BHF, in a research note published Friday. “Low exposure of some countries to this channel does offer room for growth.”

In the half, 40 percent of L’Oréal’s sales were rung up online in South Korea, for instance, 30 percent in the U.K., 25 percent in Japan and 23 percent in the U.S.

The third reason Agon gave for L’Oréal’s resilience was the power of its brands and hero products.

“In times of turmoil, like now, consumers turn to quality, to strong aspirational brands they can trust,” he said. “Big brands were already winning before the pandemic and continue to outperform during the crisis.”

Fourthly, Agon cited L’Oréal’s teams’ dedication and agility, and added the group delivered very solid results.

“We are determined for the second half of 2020 to outperform the market, find again the path to growth if the sanitary conditions allow it, and deliver solid profitability,” he said.

The executive spoke of the beauty market at large, calling it resilient, too, with an estimated sales decline of between 13 percent and 14 percent in the half.

By product category, sales were down about 26 percent for fragrances, 25 percent for makeup, 10 percent for skin care and 7 percent for hair care.

“This COVID-19 crisis has been a crisis of supply, rather than demand,” Agon reiterated, referring to how the lockdowns worldwide caused the temporary closures of millions of salons, perfumeries, department stores and airport stores, among other retailers, making it difficult — and in many cases impossible — for consumers to buy beauty products and services.

“The impact has been very contrasted by sector and channel,” said Agon.

The professional sector was the most negatively affected, with sales down about 28 percent as salons totally closed at the beginning of the second quarter.

Luxury products’ sales declined about 23 percent, while revenues decreased about 6 percent in the mass market and 4 percent for dermocosmetics.

Travel retail sales experienced a brutal drop, of about 35 percent, as air traffic ground to a halt, while e-commerce sales gained about 36 percent.

There were disparities by category, as well. Makeup and fragrance were strongly impacted, with sales down about 26 percent and 25 percent, respectively, due to mask-wearing and consumer confinement. At the same time, skin-care and hair-care sales fared better, at about minus 10 percent and minus 7 percent, respectively.

The crisis hit all geographic regions.

“Western Europe was the most severely impacted,” said Agon. “We see positive signs of recovery in northern countries like Germany, the Netherlands and the Nordics, where lockdowns have been less severe and e-commerce is well-developed. France is coming back. The U.K., Spain and Italy have been more heavily affected.”

North America and the U.S., where the health situation and lockdowns vary from state to state, remain highly challenging.

“In the new markets, the semester was very contrasted, with some countries like India and Brazil heavily impacted and others recovering more quickly — of course, China,” said Agon.

That latter market rebounded quickly and returned to double-digit growth in the second quarter. In China, Agon explained “beauty is leading the recovery and growing much faster than total retail sales. Online growth remains very strong, and offline traffic is returning to normal progressively.”

So are overall sales at L’Oréal. For the company, the crisis began in February and reached its lowest point in April. Since then, the group’s activity has been recovering month-by-month.

“July, that we are closing today, will be the first positive month in terms of growth again since January,” said Agon.

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[azveille]

Roche Goes on Tech Shopping Spree for Startups to Boost Research

For Roche Holding AG, collaborating with tech startups is no longer enough. Now it wants to own them.

The Swiss oncology giant bought three tech companies and joined forces with another in the past eight months as it seeks to take advantage of a flood of data from patients and clinical studies. The most recent deal, a $1.9 billion takeover of Flatiron Health Inc., gives it a platform to comb through medical records, gene sequences and insurance claims to find out what cancer therapies work.

“Real-world data -- and all the associated analytical tools, like machine learning -- this is a field which will get very important for research and development” and eventually for reimbursement, Roche Chief Executive Officer Severin Schwan said in an interview late last year. “We have made very conscious decisions to explore into this direction in a more strategic way, not just to stumble into it.”

Drugmakers and the insurers that decide whether therapies will be reimbursed are looking for evidence to guide both the development of new products and the use of treatments after they’re approved. Roche’s Flatiron deal is a harbinger of more deals to come, especially in the demanding field of oncology, said Pierre Corby, a Paris-based analyst for Oddo & Cie.

Google Backing

“It’s more and more complicated in the space of oncology to find the right treatment for the right person,” Corby said by telephone. “Even very smart oncologists have difficulties right now finding the right treatments and the right doses.”

Roche rose 0.7 percent to 225.05 Swiss francs at 4:06 p.m. in Zurich. The Flatiron deal is expected to close in the first half of this year.

The New York-based health-data startup was founded by Nat Turner and Zach Weinberg, who sold an ad tech business to Google almost a decade ago. Roche already owns almost 13 percent of Flatiron after leading a $175 million funding round in 2016. The company has raised more than $300 million from investors such as Google parent Alphabet Inc. and First Round Capital.

Flatiron’s technology is also aimed at enabling doctors to look at how other patients fare with various therapies and use those results to customize treatment for patients with similar illnesses. These personalized approaches have become an important part of treating cancer, where therapies often have very different results in patients whose disease appears similar.

Real-World Data

The pharma industry is increasingly turning to huge databases to gain understanding of complex interactions between drugs and organisms, and the overall impact that treatments have on the outcomes of health problems.

AstraZeneca Plc is ramping up its use of such real-world patient information to better understand the diseases it’s aiming at, as well as study drugs in development, according to Ludovic Helfgott, the vice president of the drugmaker’s cardiovascular, metabolism and renal unit. Analyzing data aggregated from patients’ medical records can help confirm or question observations from more rigorous randomized controlled trials, he said.

“You can have very quickly a massive amount of information that’s clinically relevant,” Helfgott said in an interview last month.

Meanwhile, tech sector heavyweights are also looking to move into the health industry. Amazon.com Inc. is working with Berkshire Hathaway Inc. and JPMorgan Chase & Co. on employee health care. Earlier this month, Alibaba Group Holding Ltd. said it was teaming up with AstraZeneca to improve medical services in China.

The various players could all wind up competing for the same assets, led “by health-care companies looking to buy digital health solutions before their competitors or the tech giants,” Unity Stoakes, co-founder of New York-based investment firm StartUp Health, said in an email. “This will be a wave of large companies buying up emerging innovation as early as possible, racing against the many new competitors attacking these markets.”

Roche and General Electric Co.’s health division made a deal last month to develop software to help oncologists make care decisions more quickly. Last November, Roche bought Viewics Inc., an analytics company that helps laboratories parse data to make business strategy decisions. And in June, Roche acquired mySugr, an app that helps people with diabetes track their blood glucose levels.

The Swiss company also holds more than half of the shares of Foundation Medicine Inc., which helps doctors and patients choose treatments based on the tumors’ genetic profiles. Foundation rose 3.3 percent at 10:08 a.m. in New York.

[adamgdooley]

iCIMS Experiences Significant Enterprise Customer Growth

iCIMS Inc., a leading provider of cloud-based talent acquisition solutions, announced continued customer growth among enterprise-sized businesses including Samsonite, Tractor Supply, Wellstar, AmTrust, Air Medical Group Holdings and SunRun among others.

“Recruiting is growing increasingly complex in this market and employers are seeing the benefits of having a best-of-breed platform for recruiting that seamlessly integrates with their HCM suite,” said Susan Vitale, chief marketing officer at iCIMS.

Enterprise organizations with multi-division, high-volume, international and other complex hiring needs are turning to best-of-breed talent acquisition platforms for scalable solutions that can keep pace with the dynamic recruitment technology landscape and support the mission critical work of hiring the right people.

iCIMS’ suite of products is complemented by a Platform-as-a-Service (PaaS) framework, UNIFi, which unifies all aspects of talent acquisition across more than 200 related solutions to customers via the industry’s largest talent acquisition Marketplace. Earlier this year iCIMS announced advancements within its PaaS framework including a new developer site and forum, popularity functionality in the iCIMS Marketplace and an enhanced integration solution for high-volume hiring.

“It is essential to have a unified talent acquisition experience and view because talent acquisition is the first entry of anyone into any organization,” said DK Bartley, vice president of talent at Dentsu Aegis Media Americas, an iCIMS customer with more than 35,000 employees. “Having the right technology partner allows you to set the tone as a company, an operating model and a business: how do you work, what is important to you, and what that collaborative process is about.”

Many industry analysts are also turning their attention to best-of-breed tools for recruiting, further solidifying that talent acquisition is complex enough to have its own platform-of-record that can meet the dynamic needs of this industry. In a recent report from Bersin by Deloitte, “HR Technology Disruptions for 2018,” Josh Bersin mentions that best-of-breed vendors in recruitment are filling in gaps that ERP providers cannot address. “The ERP and integrated platform providers have their hands full developing payroll, learning, and other core systems, so they tend to be hard-pressed to build the level of functionality these … companies do at speed,” said Bersin.

iCIMS supports users in more than 70 countries and processes more than 32 million job applications per year for today’s leading global brands including some of the world’s largest manufacturing, financial services, healthcare and retail companies.

“We believe talent acquisition is critical to business success,” said iCIMS customer, Matt Oddo, director of HR administration and technology at Tractor Supply, a retail company with more than 1,600 locations and 25,000 employees. “We chose iCIMS because the company has remained focused on providing an enterprise-ready, scalable best-of-breed recruitment platform and offered a strong integration with our HCM software. Centralizing these technologies into one unified workflow within the iCIMS platform enables our team to gain greater efficiency and more actionable insights.”

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