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What is the Advantage of Dedicated Versus off the Shelf Software?

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What is the Advantage of Dedicated Versus off the Shelf Software?

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Digitalization and computerization have been developing very rapidly recently.

Many applications and online solutions facilitate not only everyday functioning, but more and more often they become a useful tool in professional work. Today, no company that wants to play a significant role in the market can do without appropriate applications or enterprise software. Dedicated software or maybe off the shelf software? Which of them will be the best?

Dedicated Software – What is it?

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Dedicated software is a special application (web, mobile, desktop) created on request of a given company. Most often it is created from scratch according to the guidelines provided by the customer so that its functionality is best suited to the company’s profile.

Dedicated software is characterized by very good technological compatibility which can be observed in almost every aspect of its work.

What is off the Shelf Software? 

A boxed software is a ready-made solution which users can use freely if they pay an appropriate fee in advance. It is a ready-made version that is created according to a predefined scheme, which means that it will not be used in every case. Although custom software has many more advantages, it does not mean that using boxed solutions, in some situations will not be effective. This solution is useful first of all for all those who care about immediate software implementation (which often requires a bit more time in case of dedicated solutions). If the company, for financial reasons, cannot afford to invest in individually tailored software, in this case the enterprise should also use boxed solutions.

Why is it Worth Reaching for Dedicated Software?

Every company functions a bit differently and, consequently, has different needs. That is why it will be beneficial to choose dedicated software, adjusted to individual needs of a company. However, it should be taken into account that although it is a profitable investment, initially it requires substantial costs.

Dedicated software has numerous advantages, among which the most important are:

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  • possibility to adjust their functionality to individual needs and expectations;
  • Possibility of extension of the application whenever such a need arises;
  • paying only for used functionalities and modules;
  • Possibility of exercising effective control over particular software development processes;
  • possibility of synchronization with many systems used by clients.

Custom software gives you the confidence that it is unique and one of a kind, created solely on the basis of your needs and expectations.

Who Should Use the Possibilities Offered by Dedicated Software?

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Dedicated software undoubtedly has many advantages which encourage to use it even though it involves slightly higher costs than in case of implementing boxed software in a company.

Dedicated software is an advantageous solution especially in case of medium and large companies which do not want to rest on their laurels and plan their further development. This type of software can be freely expanded in the future depending on the needs, which gives the possibility of its flexible adjustment to the current needs of the company. 

Dedicated software is created for quite a long time, so it is a solution for companies that do not need its immediate implementation. Although it takes some time to prepare the application, this time is not wasted as numerous consultations are carried out in order to adjust its functionality to the company’s needs. Additionally, numerous tests and attempts to implement the system in the company are conducted. All this is done in order for it to work reliably.

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TECHNOLOGY

Resolve the Data Discrepancy Conundrum in Your Supply Chain Cycles with Blockchain

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Resolve the Data Discrepancy Conundrum in Your Supply Chain Cycles with Blockchain

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Resolve the Data Discrepancy Conundrum in Your Supply Chain Cycles with Blockchain

Emerging technology offer promising improved operations throughout the supply chain.

Blockchain can be the next step in evolving the functions of various industries. The use of blockchain for the supply chain has the potential to improve supply chain transparency, traceability, and administrative costs.

One of the most promising innovative technological applications is the use of blockchain for the supply chain management. Blockchain – the digital system of recording developed for cryptocurrency networks – can help supply chain cycles with some of the discrepancies they face by creating a complete, transparent, and tamper-proof history of information and inventory in the supply chain and financial flow in transactions.

Use Cases of Blockchain for Supply Chain Management

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The evolution of operation and supply chain functions in any industry is the core of business operations and strategy. To support the right decision in the supply chain, industries need real-time information about the in-transit movement of materials and products, inventory, and other aspects of business operations. The use of enterprise blockchain technology enhances the performance of supply chain management with the help of these three use cases: Traceability

Traceability improves operational efficiencies by mapping and visualizing a company’s supply chain. More and more consumers are demanding information about the products they buy. Blockchain helps the company understand its supply chain and target consumers with real, verifiable, and immutable data.

 

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Transparency

Transparency builds trust by capturing key data points like certifications and claims, and then making that data publicly available. Once registered on the Ethereum blockchain, its authenticity can be verified by third parties. With the help of blockchain, companies can track the movement of assets, record the information and show the record of previous assets. Smart contracts are capable of enforcing the asset tracking processes on the Ethereum blockchain, enabling it for everyone to view the origin and journey of a physical or digital asset in real time.

Traceability

Tradability is a unique blockchain offering that redefines the traditional marketplace concept. Blockchain allows one to “tokenize” an asset by dividing an object into shares that digitally represent ownership. These tokens are tradable and users can transfer ownership without the physical asset changing hands.

Importance of Blockchain in Supply Chain Management

Blockchain technology enables companies to plan business strategies through the use of intelligent contracts. The benefits companies can gain from blockchain can help them save money, time and various efforts. Additionally, blockchain is impenetrable to any kind of cyber attack and hacking. There are many potential benefits companies are reaping from blockchain technology, such as:

  • Building public trust through data sharing and increasing credibility

  • Involving stakeholders

  • Avoiding potential misconduct and thus, reducing PR risk

Conclusion

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Source: PWC

Blockchain helps to get more accurate feedback from consumers and predict their needs, which would help retailers, manufacturers and suppliers to keep their customers happy and grow their business. The future of blockchain can be much more profitable, adding traceability, security, and transparency to the supply chain, by promoting honesty and trust between companies and the end-user.

Supply chains face challenges related to quality, cost, and speed. These parameters can be easily achieved with blockchain for the supply chain management. Blockchain has already proven to be a good supply chain traceability system and will inevitably expand its adoption to improve transparency, traceability, and auditability of material flow by supply chain parties. The benefits of blockchain are that it prevents fraud, miscommunication and unnecessary agreements. The entire supply chain ecosystem is progressing with the help of blockchain and becoming more transparent for companies and customers.  

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