Document management programs can also help businesses in the supply chain

Technology use is becoming more prevalent, but the Harvard Business Review has found two graphs from MIT and the New York Times that say it all — growth involving these innovations is happening faster than ever.

Inventions like the telephone took about 64 years to become a part of 40 percent of American households, while smartphones accomplished that same level of use within a 10-year period. Businesses that want to remain competitive in a more electronic market may need to implement electronic document management solutions sooner than later.

The supply chain industry, specifically, has the chance to grow beyond the American market. Consumers are looking to purchase goods from a variety of sources, which can make inventory management difficult. The ARC Advisory Group explained that not taking steps toward more automation and active monitoring can greatly improve the bottom line.

"Under pressure to improve safety and reduce environmental impact, industrial organizations [should] continue to invest in reliability software and services, which can provide measurable improvements in maintenance effectiveness, resulting in improved product quality, reduced maintenance costs, and reduced downtime," the Group's researchers writes on Supply Chain Brain.

Because manufacturers may have multiple factories building goods at once, a client-service cloud platform can help these businesses be more organized than they were previously. Departments can update inventory and assets in real-time. The adoption cost may be higher than other technologies up-front, but these servers do not take up room on computers or other devices and they increase productivity — two substantial benefits that save far more than the cost of these systems.

Companies that are looking to maximize digital space and overall efficiency can reach out to OptiDoc, an electronic document management solutions provider.


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