How Kockpit Helps in Transforming Business Dynamics (1)

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How Kockpit Helps in Transforming Business
Dynamics
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Now a days, we all hear this word Business Suite
and various Business Suite Software. But seldom
do we try and understand what this means. In
simple words Business Suite is a set of numerous
business functions embedded into a software to
enable the core business support functions which
are otherwise beyond the boundaries of an
enterprises. Our Kockpit Business Suite, is a
highly advanced and a user-friendly interface
which provides an integrated functionality that
helps users perform or automate related tasks.
For instance, we all use a desktop or a laptop,
in our day-to-day life, whether, personal or
professional and they all have Microsoft Office.
Now, this Microsoft Office has may tools and
applications such as Microsoft Word, Outlook,
Excel, Access, OneNote and PowerPoint etc.
Similarly, Kockpit Business Suite has many
features which are readily available as pre the
requirement for the business enhancement.
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Let us now understand the various benefits of
Software Suites One of the major benefits of
using a Software suite of applications is the
degree of high compatibility and the integration
between them. The act of copying-and-pasting text
between two applications is not too difficult
though there can be issues with formatting and
special symbols when moving between two
non-integrated applications. The software
applications in a suite are designed to work with
one another, so that, the process of loading a
file from a different application or importing
digital work from one to another is smoothy
carried out without the loss of quality, which
can occur if the applications are not designed to
do this. An easy-to-understand example would be
n Excel spreadsheet file can connect to an Access
database to import data. The Excel spreadsheet
can then be imported into Word for mail merge
tasks. Another benefit of software suites is
reduced cost. Purchasing the applications
individually is often expensive the software
suite bundle of applications is generally priced
far less than it would cost to buy each
separately. This is where Kockpit Business Suite
comes handy with its vast integrated features.
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Some Extensively Used Software Suites A lot
depends on your requirement, although, there is
no scarcity of Software Suits in the market, but
some off the most widely Software Suites used,
ranging from, Manufacturing, Hospitality,
Finance, internet security, business offices, are
as follows Microsoft Office 365 This office
optimisation software suite has host of features
and includes Word (word processor), Outlook
(email), Excel (spreadsheet), Access (database),
OneNote (note-taking software) and PowerPoint
(presentation slides). Please note that the,
Office 365 is a cloud-based subscription service
that offers the suite for a monthly fee. Adobe
Creative Suite or Cloud This is an excellent
software suite that includes digital design and
publishing applications, such as Photoshop,
InDesign, Dreamweaver, Illustrator, Acrobat Pro,
and other supporting programs. Adobe Creative
Cloud is the cloud-based subscription service
that offers the suite for a monthly fee.
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Apache OpenOffice It is an open-source
productivity software suite that includes Writer
(word processor), Calc (spreadsheet application),
Impress (presentation slide application), Draw
(drawing application), Base (database
application) and Math (formula editor). We would
now like to talk about Business X-ray and some
facts about it. As the word denotes, Business
X-Ray lets you to understand the overall
performance of your entire business
functionality. Kockpit Business X-Ray allows you
to analyse the strength of your efforts in
working with your client base, prospects, and
professional referral sources. Every business
unit needs to see and gauge the performance of
every activity, and is exactly where Kockpit
Business X-Ray comes into play. If an enterprise
is engaged in the sales, then this will also
analyse the effectiveness of your sales force and
towards delivering the set goals. The primary
goals of the Business X-Ray include helping you
increase your productivity, work with higher
quality business partners, and determine which
systems are essential for the long-term growth of
your business.z
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Here are some of the Facts why your business
needs Kockpit Business X-ray Improves quality
Assurance With Kockpit Business X-ray every
business can utilise the technology to detect
many different contaminants and process faults
with absolute accuracy, thereby ensuring that
they operate at the highest possible quality
control standards. These systems also help with
regulatory compliance. Decrease in customer
complaints Accurate detection of physical
contaminants will significantly reduce if not
eliminate the risk of customer complaints. We
understand that there is a lot of time and
resource which get engaged in repetitive
complaints. With Kockpit Business X-ray, this can
be curtailed to a great degree. Reduction in
Recalls Product recalls can prove to be
extremely costly, not only in terms of the actual
cost of the recall, but attendant costs such as
legal fees, advertising, financial settlements
and so on as well, as fewer tangible penalties
such as erosion of brand value and loss of
customer goodwill.
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Data is recorded and authenticated If any
deviation is found, the whole control process is
fully documented so that the data can be
evaluated and analysed. In doing so, Kockpit
Business X-Ray ensures that there is no
recurrence. Convenient and Versatile With our
new Technological advances, we have enabled
greater automation of these X-ray inspection
systems. The users no longer require expert
knowledge and lengthy training, plus the
equipment is largely automatic, thereby enabling
faster throughput rates. Open-to-Buy Open-to-Buy
or OTB is financial mechanism by understanding
inventory needs which includes revenue vis a vis
the margin. Kockpit open-to-buy empowers the
retailers to gain insight into their open-to-buy
process and ensure the organization will not
overspend merchandising budgets.
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We understand the need of Retailers as they use
product categories for planning rather than
analyzing hundreds of individual products. Noe
this type of an approach seems to work well, only
if we know the products in the same category tend
to behave in a similar manner. Now that we know
what OTB does, let us now get an overview of OTB
Report and how this functions and what are the
various components which act in sync. Steps for
using the Open-to-Buy A )Firstly, we need to set
a planned revenue for various categories, broken
down to by warehouse or for the entire business.
When planned revenue is set for the entire
business, Demand Planner automatically sets
revenues for categories based on the current and
previous months sales distribution. B ) Set
forward stock cover for categories. This
indicates how long you would like inventory and
purchases for that month to last. You can use the
current number as the basis, reducing it if you
know that you're currently overstocked or
increasing it if you have a lot of stockouts.
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To Conclude When we use OTB, it Improve
Inventory Flexibility Change is inevitable and
the more inventory you are holding, the harder
its going to be to react. By increasing
open-to-buy frequency you might increase inbound
transportation costs or sacrifice order quantity
discounts, but in the end, having inventory
flexibility will be worth it. Helps you Gain
Better Financial Control and Boost Customer
Satisfaction with appropriate mix of inventory
and knowing how much to buy pre-season and
in-season is imperative for better financial
control and customer satisfaction. Investing in
an integrated open-to-buy planning solution
allows retailers to more effectively plan their
assortments and purchase inventory with
visibility to the financial plan and current
inventory position. Aligning their financial
goals and assortment plans results in better
visibility throughout the planning process to
ensure sufficient stock levels are available and
that over-buying, stock outs, and missed sales
are minimized. With Kockpit Open To Buy advanced
planning software allows retailers to set
critical benchmarks to determine performance by
measuring inventory turns and gross margin
returns, enabling them to analyze the current
effectiveness of the plan and intelligently make
adjustments needed for improvement. Source Link
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