In the general context of the digitalization of the fiscal authority and the objectives related to the increase of the VAT collection rate, at the end of July, Romania received the derogation from the common system of the European Union regarding the value added tax, which allows starting from 01.01.2024 Romania to establish mandatory electronic invoicing for all transactions between commercial companies (B2B type).
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All organizations need a set of KPIs to measure and monitor performance at the function, department and business level.
"We are interested in the future because that is where we will spend the rest of our lives."
We believe in this and believe that each of us can do something, no matter how small a gesture, every day to transform society and the environment for the better. For several years already, more and more people are talking about and investing in environmental protection means. And one of the ways to protect the environment we live in is recycling and investing in means of recycling and reducing packaging waste.
The main trends in Retail and how can retailers respond to the present challenges
Consumer expectations are evolving and retailers are under more pressure than ever to come up with compelling propositions for consumers. As the EY Future Consumer Index study shows, consumers want retailers to make their lives easier, better and more satisfying.
In a dynamic world with rapidly changing market trends, customer experience is everything. Successful companies place the customer at the center of retail operations to achieve sustainable growth.
Logistics managers should be based on the principle "Work smarter, not harder", that is, to work more "intelligently" by organizing warehouses to perform.
The profitability of companies in FMCG, Retail, Production or Distribution is based, to a very large extent, on the efficiency and productivity of the warehouse. When it is well organized and the activities are carried out efficiently, the financial results are also commensurate.
IGD has identified the main trends that will influence the global retail & FMCG market in 2023. With inflation driving a significant increase in production costs and retail prices in most markets, organizations will focus heavily this year on optimizing costs, improving the efficiency of distribution networks and will look for new ways to deliver added value to consumers.
BITSoftware offers a full range of software solutions to companies in the FMCG sector
Currently, companies in the FMCG field are very quickly feeling the challenges brought by this very hectic period. The obstacles in the supply chain, the very frequent changes in purchase prices, the lack of raw materials, the cautious behavior of consumers - these are the most frequently mentioned challenges by managers of FMCG companies in Romania.
An automated warehouse brings increased performance and decreased costs. Order processing, inventory management, warehouse space optimization and end-to-end traceability are no longer a problem for a warehouse that has understood that investing in a modern, flexible and extensible WMS system actually means increased profitability.
Increase profitability in logistics and distribution with the right software solutions
Worldwide, distribution has become a particularly dynamic economic sector, and trade itself has undergone mutations on all levels, diversifying sales methods and forms of distribution. The main phenomena that generated this "mutation" are:
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the demographic phenomena that left their mark on the evolution of customer tastes, favoring the modernization of distribution
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increasing purchasing power, diversifying needs and ways to satisfy them
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the transformation of the way of life determined by the increasingly high degree of urbanization, the expansion of large cities through the development of new neighborhoods, etc.