Enterprise software spending to reach $320 billion in 2014

One of the best ways organizations have been able to improve their overall operations in recent years has been through the use of business management software. Whether it is handling inventory, completing sales or integrating various solutions into a single umbrella to improve data sharing, enterprise software is on the rise.

This idea is supported by a recent study from analyst firm Gartner. According to the research, Worldwide IT spending will increase in 2014 to 3.2 percent to reach $3.8 trillion. In that, enterprise software revenue will grow 6.9 percent to top out at $320 billion.

"2014 is going to be a very different year than 2013, when many organizations hunkered down and focused on planning software projects, not implementing them," Gartner research Vice President John Lovelock told the news source. "But [2013] also had the specter of the future. We knew things were going to get better."

Lovelock added that many companies are going to start investing in these solutions that have been on the backburner. The ability to incorporate these software solutions with mobile devices, one of the most in demand hardware systems, has created a new way to handle business and improve how many daily tasks are managed.

As companies start opening up the wallets to bring these solutions to market, it may be difficult for organizations to handle this successfully. With the help of an IT consulting form that specializes in business management software, any organization will be able to gain a hand with deploying and supporting these solutions.

Indiana increases AT&T 4G LTE coverage

There are many different ways that organizations have been able to improve the way they operate. However, for many of these to be successful, there must be a strong network in place to support them. For example, if your business has state-of-the-art computers with an inventory management software, it will be pointless if the network powering this hardware is over a decade old.

This is why businesses and cities are looking to improve their networks. According to a press release from AT&T, the organization is rolling out its 4G LTE wireless network to Anderson and parts of Pendleton, Indiana.

These areas will gain access to faster speeds, reliable access, new devices, faster response times and a more efficient use of spectrum. Anderson Mayor Kevin Smith spoke in the release about how this will benefit both the residents and businesses in the area.

"The ability to have access to the latest communications technology is critical in an information-driven economy," Smith said. "Investments like this will insure that our citizens have improved wireless service to enhance their overall quality of life. Also, businesses in Anderson of all sizes will have the ability to better compete in a global economy. I would like to thank AT&T for its investment in our community."

With an improved network, companies can spin this into upgrading a number of other services as well. This means organizations will have a better platform to deploy software for manufacturing, inventory, enterprise resource planning or any number of business needs.

Indiana business owners express bright outcome for 2014

The start of a new year is typically a time of fresh beginnings and a positive outlook. For companies in Indiana, the future is bright.

A recent article from Inside Indiana Business recapped a new study by BMO Harris Bank. The main takeaway is that business owners in Indiana are optimistic for the possibilities in 2014. The outlook of the state economy is positive, though there are mixed feelings when it comes to the U.S. economy.

According to the survey, 97 percent of respondents believe their business will either grow or stay the same in the next 12 months. On top of that, 29 percent feel the state's economy will improve this year, while 49 percent believe it will remain the same.

"More and more, we're seeing Indiana business owners looking to the future for growth and expansion," Andrew Cardimen, Managing Director and Head, Commercial Banking, Indiana, BMO Harris Bank, told the news source. "While some caution still exists about the economic environment, businesses are feeling confident that they have weathered the worst and are stronger for it."

He went on to say that there are a number of advantages of doing business in Indiana. That is one of the main reasons the state has fared well during this economic down time. The strong Midwestern work ethic, great location and strong business environment are helping create this positive outlook.  An improved corporate landscape means it could be time to start investing in business management software solutions and other innovations.

New clothing printer set to open in Lawrence

Clothing companies specifically are an important area of manufacturing in the fight to bring jobs back to the U.S. This effort, however, might also require the domestic strengthening of companies that do related services for their customers. Are there any new developments coming to the Hoosier state that might contribute to this? 

Inside Indiana Business has a press release denoting the expansion of a shirt printing company called Little Raymond's Print Shop (also known as ooShirts) into the Indiana area three years from now.

The company is based in Berkeley, but it's planning to open up a new location and bring with it more than 100 jobs in the long run, as well as a tax rebate worth hundreds of thousands of dollars.

This company seems to have grown tremendously since it was founded eight years ago. The release quoted Mike Pence, Indiana's governor, who once again described the virtues of the state when it comes to growing businesses. Although this may be a plan for the long run, it's still worth noticing as it happens.

"With our fiscal responsibility, entrepreneurial companies like ooShirts can plan their activities with confidence in the Hoosier State, allowing them to mitigate the concerns of unpredictable economic conditions," he said.

It's an important point, since the practice of importing clothes from foreign factories has drawn some detractors who question its safety. 

Keeping the manufacturing industry solvent is what good ERP software solutions are all about and can offer you some means of strengthening your performance in what you do.

Monticello to see development of molding plant

Companies that choose to expand or renovate their established processing plants can help to slowly impact the amount of jobs available to manufacturing workers not just in the local Indiana area, but in the country as a whole, if they plan this move correctly.

The Journal Courier has reported that a manufacturing company that creates molds called Adkev Inc. is looking to take its operations in Monticello further. It already manages a plant there, but with the addition of hundreds of millions of new dollars, it hopes to attract more interest in this facility and secure what the news source reports as an estimated 60 more jobs three years from now.

The reason it's worth spotlighting these different efforts is that they showcase real-world applications for manufacturing ERP software to be used in coordinating the sort of activity that will be needed to meet these projections.

The company reportedly already has 85 workers in the Monticello area, which numbers more than 180,000 square feet.

Jeremy Kyser, manager of the Monticello plant, described the decisions that his Inkev had to make when deciding to invest in Indiana, as the press release said.

"While Monticello, Ind. was one option for expansion, our corporate team was also being asked regularly to consider opening up new facilities in Tennessee, Alabama and Mexico," he said.

Microsoft business software and other important means of planning can be helpful in deciding exactly where to begin an expansion, and if it helps to sway your business more toward Indiana, then perhaps it's all for the better.

Google shows interest in Indiana business

Is Google expressing an interest in Indiana businesses? It certainly seems like it, with the upcoming workshop it has announced to train professionals in different fields how to fully migrate and stay solvent online.

While it seems that this effort will be tailored mostly to those outfits that want to boost their visibility on the web, the focus on online applications and the way that they make your business planning easier is also crucial to understanding what an integrated business accounting program could potentially do for you.

This workshop, called "Get Your Business Online," seems to be part of an initiative to improve the amount of local companies that are available and do most of their work online. According to a release on the event that was published on Inside Indiana Business, just a little more than half of those operating in the Hoosier state are currently engaged in cyberspace, and this (free) event will supposedly aim to gear owners CEOs to thinking more clearly about the benefits of working and orienting their craft online.

Since nearly all online browsers are turning to the internet for information on even local companies, the release quoted Indiana's own Senator Dan Coats on the importance of arming entrepreneurs and others with the right functionality.

"I am proud to join with Google to bring this seminar to Indiana," he said. "This is an excellent opportunity for Hoosier business owners to receive tools and valuable skills free of charge from experts in online development."

Obviously, Google isn't the only one who holds a monopoly on software that can be a business necessity: software for manufacturing companies that is closely compatible with Windows and represents an industry trend can be extremely valuable.

Sportswear company strengthens its Indianapolis operations

It's always good to see the businesses that first got their start in Indiana continue to develop their relationship with their home state, especially when that could mean more manufacturing jobs for local residents.

Another company that seems to be strengthening its presence here is Motionwear, a producer of girls' sports clothing that was created in the Hoosier state some 26 years ago. Now, it's amping up one of its existing facilities in the state, and locals might be the ones that see the benefit, as well as the Indiana business community.

While the store has vastly expanded, it's still devoting hundreds of thousands of dollars to this facility, which probably gives this particular investment an added bit of meaning for those who have stayed loyal to it since its beginnings. 

And from the sound of it, the expansion won't take too long, either, as it's expected to be completed by January.

According to the company's executive vice president Theresa Mason, Indianapolis is more than just a home base, though: it's also a real viable place to continue their trade. With a business accounting system in action, companies could perhaps formulate plans that work just as well for them.

"Motionwear provides apparel to Hoosiers who embrace the art of dance and the sports of gymnastics and cheerleading," Mason said. "Indianapolis is centrally located for both suppliers and North American customers."

Use a business accounting program to prepare yourselves, because even the efforts to move forward with existing facilities could require a new approach to organizations for optimal performance.

Involving every branch of production in a new campaign

MarketingWeek reported on an initiative that McDonalds began earlier this year in order to pursue that quality that seems to be increasingly important for large businesses: "transparency." While there may always be those who are suspicious of a company, taking real steps to make the public and other investors feel better about your processes is an admirable step that can make all the difference for your productivity and sense of organization.

These videos are targeted toward British consumers and show ordinary people chosen to be "quality scouts" who are sent through various factories and processing locations. This is intended to demonstrate the way that McDonald's operates and promote a sense of connection to the outsiders, as well as feature testimonies of former "skeptics" who admit to being "converted" by their experience watching meat get processed. 

For another example, one can look at an initiative that involves a massive change to the entire way a business makes and processes its materials, like Starbucks' online recycling goals, which hope to have all of its more than 450 North American stores successfully recycling at each location within the next two years.

There are dozens of McDonalds' and Starbucks' locations in Indiana, but that's beside the point: the thing to remember is that technological business accounting systems can be used to find ways to tap multiple aspects of your business to promote better behavior and create a clearer picture of what it is you do.

This is more than a chance for better PR: it's a means of making your company up-to-date and ready to compete with other firms in the same industry that are pursuing the same level of clarity. 

Getting government, industry and workers behind a manufacturing boom

It will take a combined effort to revitalize sustained interest in manufacturing if we are to see a continued revival of interest in this sector. In addition to an organized approach to business that uses manufacturing software to its fullest potential, managers of companies in this area can think of the ways that different contributors to success in this area might all add to more productivity.

in a time when the supply of constant workers is a concern for manufacturing's future, it's important to know that others are treating this situation with seriousness.

According to CBS, Pennsylvania Senator Chris Coons was reported as supporting the need for more focus on gearing youths toward later manufacturing careers. This is in order to close what he calls a "skills gap," something that others might have already picked up on.

"If we want to grow the manufacturing we have to educate the youth, not for just future jobs but for what's available now," Coons said.

Part of this may fall to existing manufacturing professionals to make their operations as forward and easy to understand as possible through manufacturing business solutions.

With more than 60 percent of companies in this country endeavoring to shoulder the burden of a lack of workers, the implications of this deficiency are present, but there are fortunately means available for firms to try and improve in this area.

With a well-managed series of locations, the supply chain can be one that leads to great improvements and a more positive industry outlook with just some basic organizational changes. 

Medical supply transactions could improve with newer radio technology

It might not always be easy for members of a sophisticated supply chain to identify exactly what processes need to be enhanced to create a maximally functioning system, but sometimes one clear element is more noticeable. In the case of the supply chains that are used by the medical industry, one major improvement may be the use of a specific identity verification system to keep track of orders.

An article in "Perspectives in Health Information Management" details a study by three different researchers that looked at the benefits of using what is called a Radio Frequency Identification, or RFID, system to be coupled with different products that require shipment and special security.

It apparently works by broadcasting information for equipment readers to detect, which could supposedly both increase the amount of information that supplies could carry and reduce the amount of time it takes to observe and process this data.

In the introduction to this article, the authors argue for the necessity of efficiency during what can be a long and convoluted process.

"Because supply costs are the second largest expenditure in hospitals, accounting for about 30 to 40 percent of the average hospital operating budget, careful and efficient control of supply costs is critical for a hospital's success," they write.

If business management software has not been put into action for your practice or medical organization, this can be another example of a tool that could help make this part of the industry simpler and better connected. Contact us for more information on how to implement a software system that can get you the greatest results.