Let’s look at an example.
One day in the future, COVID will not be a disruption. Pivoting to the post Covid world will be an interesting one, full of opportunities. Once countries start seeing the light, those fortunate enough to be fully employed won’t be doing as much travel. To start with there aren’t the pilots let alone the planes. What will they do with that extra money? Buy cars, recreational toys or perform household renovations!
If we look at places like New Zealand and Australia, people’s day to day lives aren’t that different to pre-COVID. Tourism is the exception to this. Since people can’t go abroad, sales of boats, jet skis, bikes and even wetsuits have gone through the roof. In other geographies, after more than 12 months of disruption to normal life, there will be a spending boom, as people escape the grip of COVID. It’s just a case of when and where.
How are you and organization adjusting and preparing for the challenges such as a stuck ship or people suddenly all shopping once, be it panic buying or once they release the shackles of COVID?
We are now realizing there are many risks that just can’t predict and now need to be ready to move quickly when they arise.
A single source of data is critical for a nimble response.
One thing you can do is have accurate and usable data in your ERP system. You need to be able to plan and execute alternative supply of materials in weeks not months. You also need to make sure that you aren’t caught short and end up selling products at a loss. Changes to price lists have to be quick and proactive. Ask yourself, can your users make changes in a timely, easy and accurate manner?
From updating your item master, adding suppliers, purchase and sales orders to adjusting price lists you need to be able to make changes and make them quickly.
That’s where More4apps comes in with it’s range of end user Excel Solutions for Oracle EBS and now for Oracle Cloud ERP.