{"id":2516,"date":"2023-12-22T13:57:01","date_gmt":"2023-12-22T13:57:01","guid":{"rendered":"https:\/\/www.robo-soft.com\/how-ctrm-can-help-you-run-a-profitable-business\/"},"modified":"2023-12-22T13:57:01","modified_gmt":"2023-12-22T13:57:01","slug":"how-ctrm-can-help-you-run-a-profitable-business","status":"publish","type":"post","link":"https:\/\/www.robo-soft.com\/robosoft\/how-ctrm-can-help-you-run-a-profitable-business\/","title":{"rendered":"HOW CTRM CAN HELP YOU RUN A PROFITABLE BUSINESS"},"content":{"rendered":"

Digitalization is the key to be efficient, effective and successful in the downstream industry. There could be 3 critical elements for this \u2013 a digital twin, artificial intelligence and domain expertise. If a company has these three components, then it has the recipe for success.<\/p>\n

More Effective Than Spreadsheets<\/strong><\/p>\n

\u00a0<\/strong>If your firm is still relying on spreadsheets to keep track of day to day operations, it\u2019s time to upgrade to a CTRM system. Although you may be used to keeping track of trades in Excel or a similar program, ERP business applications<\/a> use relational databases that have a\u00a0much wider applicability, ranging from:<\/p>\n

    \n
  1. Creating and storing part numbers system wide<\/li>\n
  2. Entering data into systems and sharing business information<\/li>\n
  3. Creating bills of materials<\/li>\n
  4. Generating sales orders<\/li>\n
  5. Managing projects<\/li>\n
  6. Calculating lead-times<\/li>\n
  7. Analyzing KPIs<\/li>\n
  8. Forecasting performance<\/li>\n
  9. Business intelligence like automatic parts ordering: what quantities, and when they should be ordered to meet the production requirements<\/li>\n
  10. Warehouse management<\/li>\n
  11. Mobility and mobile apps and even\u00a0shipping containerization<\/li>\n<\/ol>\n

    Usage of traditional tools have you falling behind the thousands of traders that now use modern systems to manage deals. Spreadsheets fail to respond to current trading requirements, cope with demand variability, shifting market conditions.<\/p>\n

    Improve Margins In Today\u2019s Competitive Trading Market\u00a0<\/strong><\/p>\n

    In today\u2019s competitive trading market, why risk operating without a CTRM system? The Cloud has made CTRM software<\/a> affordable for companies of all sizes, leveling the playing field and removing the high cost of entry that traditional software requires. You no longer need capital to buy hardware and invest in IT teams for system maintenance.<\/p>\n

    Empowers your physical application tools<\/strong><\/p>\n

    Many businesses believe that they must go for a complete ERP overhaul and get rid of the system they\u2019re using now, but that\u2019s not true. An ERP system<\/a> can be the sum of many applications and add-ons. So, if you don\u2019t currently have a system that\u2019ll let you keep the processes that work and add new ones, look for software that does.<\/p>\n

    Talk to us now.<\/a><\/p>\n

     <\/p>\n

     <\/p>\n","protected":false},"excerpt":{"rendered":"

    Digitalization is the key to be efficient, effective and successful in the downstream industry. There could be 3 critical elements for this \u2013 a digital twin, artificial intelligence and domain expertise. If a company has these three components, then it has the recipe for success. More Effective Than Spreadsheets \u00a0If your firm is still relying …<\/p>\n

    HOW CTRM CAN HELP YOU RUN A PROFITABLE BUSINESS<\/span> Read More \u00bb<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-2516","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"yoast_head":"\nHOW CTRM CAN HELP YOU RUN A PROFITABLE BUSINESS - www.robo-soft.com\/robosoft<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.robo-soft.com\/robosoft\/how-ctrm-can-help-you-run-a-profitable-business\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"HOW CTRM CAN HELP YOU RUN A PROFITABLE BUSINESS - www.robo-soft.com\/robosoft\" \/>\n<meta property=\"og:description\" content=\"Digitalization is the key to be efficient, effective and successful in the downstream industry. 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