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Using a variety of automation tools and MS-Excel (and a little bit of custom coding), just about anything can be converted from one system to another. Even new repositories can be created from old databases to better manage all your custom reports, data tables, charts and graphs, bringing systems together in a unified view.
Every business has processes to conduct its affairs, but few are documented. When staff turnover takes that knowledge with them, it can time consuming to figure out what you don't even know. That's why creating a business process model that defines inputs and outputs, and all the critical steps within, helps your organization weather labor shortages. When implemented as part of a culture of self-improvement, these best practices not only train staff to ensure the timely delivery of consistent products and services, they support both veterans and rookies alike. This increases retention across all departments as it builds cohesive teams that take ownership of their own craft.
Yes. Blockchain technology is the basis for cryptocurrencies such as Bitcoin, Ethereum, and Dogecoin - but its impact on your specific business may likely come first through your industry's suppliers. The key concept to understand about blockchain technology is that it is a public data set record, sufficiently anonymous to protect personally identifiable information, but open for third party review. Automated protocols maintain the integrity of this data so that it cannot be falsified. This gives blockchain technology the powerful ability to integrate data from a wide range of international users and ensure multi-party fairness. While this typically applies to the value of something, it can also be used to prove chain-of-custody of physical goods, property transfer/ownership, or to tokenize specific rights and privileges' for a select group, such as preferred vendors/customers. Importantly, the distributed nature of blockchain means transaction validation is handled without the need for a bank such as Mastercard or Visa. As more businesses in your supply chain move .to settle accounts without needing a middleman, you'll need to ensure your systems are compatible and/or you use the correct digital wallets, accounts, and coins!
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