In an earlier blog, we highlighted that the retail industry is impacted by the FASB new lease standards, requiring a major overhaul in their financial statements. This post delves into the challenges for retailers in implementing the proposed changes to lease accounting as prescribed by ASC 842.
To remain competitive, companies must embrace technology to adapt to dynamic market demands. Even though real estate is the second largest expense for most companies (as per a survey conducted by IBM in 2014), adoption has been low. In fact, multiple surveys have found that paper files, spreadsheets, and forms dominate facilities management in most organizations.
To get your funding request approved for an IWMS solution, you need a good business case for IWMS. You must convince your management that your project will result in compelling financial returns. The bottom line: does the initiative increase revenue, reduce costs or solve business challenges?
A good IWMS business case should include one or more specific business challenges like backlog in work order management or cycle time for store development. Your business case for IWMS should provide solutions to your challenges, along with the benefits, costs and risks.
There has been a running debate on how to define a “real” Mobility solution for IBM TRIRIGA – do we depend on UI/UX framework or on commercially available solutions? UI/UX solution is a good platform solution that serves as an extension of the desktop TRIRIGA solution but definitely has its limitations particularly for offline capabilities and keeping development costs in check. Mobility solutions need to operate offline and to leverage the native capabilities of the mobile device and platform. Based on our interaction with a variety of customers, we found some key challenges in evaluating the IBM mobility technology options.
