Press Release
Invitation to Tecsys’ Conference Call on December 3, 2020, Covering Second Quarter FY2021 Results
Invitation to Tecsys’ Conference Call on December 3, 2020, Covering Second Quarter FY2021 Results Montreal, Canada, November 19, 2020 — Tecsys Inc. (TSX: TCS) will release its financial results for the second quarter of fiscal year 2021 ended October 31, 2020 on December 2, 2020. Tecsys President and CEO, Peter Brereton, and CFO, Mark J.…
Press Release
Tecsys Continues Rapid and Remote Implementations, Accelerating Retail Readiness for Black Friday Order Surge
Tecsys Continues Rapid and Remote Implementations, Accelerating Retail Readiness for Black Friday Order Surge As peak seasonal volatility approaches, retailers like hardware store chain BMR Group rely on turnkey SaaS distributed order management provider to accommodate shifting consumer shopping preferences. Montreal, November 9, 2020 — Tecsys Inc. (TSX: TCS), an industry-leading supply chain management and…
Events
Stafda’s 2020 Virtual Convention & Trade Show
We look forward to seeing you connecting with you on November 9-10th, 2020!
Events
EFC’s 2020 Supply Chain Summit: The Digital Pivot
Join us virtually on October 15, 2020 and attend our breakout session that explores the evolving role of technology as it applies to fundamental warehouse operations.
Press Release
Tecsys Launches Industry Solutions Providing Customers with Enhanced Supply Chain Execution Performance
Tecsys Launches Industry Solutions Providing Customers with Enhanced Supply Chain Execution Performance Combines industry-tailored functionality and robust organizational realignment strengthening key vertical solutions today and into the future. Montreal, October 7, 2020 — Tecsys Inc. (TSX: TCS), an industry-leading supply chain management software company, is pleased to announce a major realignment of its go-to-market solution…
Events
Retail Innovation Conference
We’re sponsoring at the 2020 Retail Innovation Conference taking place virtually on October 13-14. Come speak to us at our digital booth!
Press Release
Major Retailers Using Tecsys-Enabled Micro-Fulfillment and Dark Stores to Account for Surge in Digital Commerce Retailing
Major Retailers Using Tecsys-Enabled Micro-Fulfillment and Dark Stores to Account for Surge in Digital Commerce Retailing As brick-and-mortar stores continue to lag behind in performance compared to digital commerce alternatives, multi-store retailers are recalibrating fulfillment strategies to meet new customer preferences and demand on capacity. Montreal, October 5, 2020 — Tecsys Inc. (TSX: TCS), an…
Press Release
Invitation to Tecsys’ Conference Call on September 10, 2020, Covering First Quarter FY2021 Results
Invitation to Tecsys’ Conference Call on September 10, 2020, Covering First Quarter FY2021 Results Montreal, Canada, August 26, 2020 —Tecsys Inc. (TSX: TCS) will release its financial results for the first quarter of fiscal year 2021 ended July 31, 2020 on September 10, 2020. Tecsys President and CEO, Peter Brereton, and CFO, Mark J. Bentler,…
Events
NAED Virtual Suite Meeting
Join us virtually on August 24-26, 2020!
Events
RDV eCommerce
Join us in Montreal on March 23, 2021!
Events
Shoptalk Meetup 2020
Join us virtually on October 22, 2020!
Press Release
Tecsys Welcomes Financial Strategist Kathleen Miller to its Board of Directors
Tecsys Welcomes Financial Strategist Kathleen Miller to its Board of Directors New Board member delivers exceptional financial acumen with proven strategic performance in high-growth SaaS-based organizations. Montreal, Canada. July 16, 2020 — Tecsys Inc. (TSX: TCS), an industry-leading supply chain management software company, is delighted to announce that Kathleen Miller will join Tecsys’ Board of…
Press Release
Tecsys Soars Past $100 Million in Revenue for the First Time, Builds Momentum in Retail Omnichannel and Healthcare Supply Chain
Tecsys Soars Past $100 Million in Revenue for the First Time, Builds Momentum in Retail Omnichannel and Healthcare Supply Chain Supply chain technology company continues resilient growth driven by strong SaaS adoption across omnichannel retail and healthcare supply chain industries, delivering to customers operational agility and system flexibility through volatile market conditions. Montreal, Canada. July…
Press Release
Tecsys Reports Financial Results for Fourth Quarter and Full Year Fiscal 2020
Tecsys Reports Financial Results for Fourth Quarter and Full Year Fiscal 2020 Record SaaS Bookings, Record Revenue Drive Strong Performance Across All Segments. Montreal July 8, 2020 — Tecsys Inc. (TSX: TCS), an industry-leading supply chain management software company, today announced its results for the fourth quarter and full year of fiscal year 2020, ended…
Press Release
Invitation to Tecsys’ Conference Call on July 9, 2020, Covering Fourth Quarter and Fiscal Year 2020 Results
Invitation to Tecsys’ Conference Call on July 9, 2020, Covering Fourth Quarter and Fiscal Year 2020 Results Montreal, Canada, June 25, 2020 —Tecsys Inc. (TSX: TCS) will release its financial results for the fourth quarter and fiscal year 2020 ended April 30, 2020 on July 8, 2020 after the markets close. Tecsys President and CEO…
Press Release
Mary Washington Healthcare to Modernize Point of Use and Replenishment Processes with SaaS Supply Chain Technology from Tecsys
Mary Washington Healthcare to Modernize Point of Use and Replenishment Processes with SaaS Supply Chain Technology from Tecsys Montreal, Canada, May 20, 2020 — Tecsys Inc. (TSX: TCS), an industry-leading supply chain management software company, is pleased to announce Virginia-based Mary Washington Healthcare has selected Tecsys’ SaaS-based Healthcare Solutions to automate and optimize hospital inventory…
Press Release
Tecsys Powers Prominent Global Retail Brands to Eclipse 2019 Average Order Volumes 10x, Continuing to Double Black Friday Numbers Daily
Tecsys Powers Prominent Global Retail Brands to Eclipse 2019 Average Order Volumes 10x, Continuing to Double Black Friday Numbers Daily Cloud-based platform is key driver in powering unique end-to-end scalability meeting the dynamically changing needs of the retail industry Montreal, May 13, 2020 — Tecsys Inc. (TSX: TCS), an industry-leading supply chain management and omnichannel…
Press Release
Tecsys Welcomes SaaS Technology Marketing Executive Rani Hublou to its Board of Directors
Tecsys Welcomes SaaS Technology Marketing Executive Rani Hublou to its Board of Directors Montreal, April 30, 2020— Tecsys Inc. (TSX: TCS), an industry-leading supply chain management software company, is proud to announce that Rani Hublou will be joining Tecsys’ Board of Directors. Capitalizing on its leadership position, strong financials and resilient business model within a…
Posts, Retail Order Management
The Eight Benefits of Curbside Pickup
Retailers will shutter if they do not take proactive steps to open new revenue streams. This is not meant to be alarmist; it is the stark reality that COVID-19 has placed on traditional retailers that have trailed omnichannel frontrunners who are better equipped to weather the closure of retail stores. With physical retail shopping on…
Posts, Retail Order Management
Retail Doesn’t Die When Stores Shut Down
Against the backdrop of COVID-19, retailers are scrambling to rewrite their playbooks and overcome challenges they had never imagined. Without foot traffic in the store, traditional retailers are looking for ways to modernize by giving shoppers new ways to buy their products.
Press Release
Leading Healthcare Supply Chain Provider, Tecsys, Responds to Recent COVID-19 Disruption
Leading Healthcare Supply Chain Provider, Tecsys, Responds to Recent COVID-19 Disruption Montreal, March 25, 2020 — Tecsys Inc. (TSX: TCS), an industry-leading supply chain management software company, announces that despite ongoing global disruptions due to the spread of COVID-19, the company is well-equipped to uphold comprehensive support and services for its end-to-end supply chain execution…
Press Release
Delmar International Inc. Deploys Tecsys Software to Improve 3PL Warehouse Operations and Value-added Services
Delmar International Inc. Deploys Tecsys Software to Improve 3PL Warehouse Operations and Value-added Services MODEX 2020, Tecsys Booth #8061 (March 11, 2020) – Tecsys Inc. (TSX: TCS), an industry-leading supply chain management software company, today announced that Delmar International Inc. has introduced operational and functional improvements to their 3PL warehousing and distribution business through deployment…
Press Release
Tecsys Tackles Cost of Onboarding with a Zero-training Pack-check User Experience
Tecsys Tackles Cost of Onboarding with a Zero-training Pack-check User Experience The supply chain technology company has developed a user interface that supports an intuitive onboarding architecture to contend with labor shortages and volatility. MODEX 2020, Tecsys Booth #8061 (March 10, 2020) – Tecsys Inc. (TSX: TCS), an industry-leading supply chain management software company, today…
Press Release
Tecsys SaaS Bookings Grow 4x as Supply Chain Markets Embrace Cloud
Tecsys SaaS Bookings Grow 4x as Supply Chain Markets Embrace Cloud Unparalleled customer migration from perpetual license to SaaS with key drivers being upgrade time, security and expansions. Montreal (March 9, 2020) – Tecsys Inc. (TSX: TCS), an industry-leading supply chain management software company, today announced record year-to-date cloud adoption as it continues its global…
Press Release
Tecsys Reports Financial Results for Third Quarter Fiscal 2020
Tecsys Reports Financial Results for Third Quarter Fiscal 2020 Record Q3 Revenue of $26.8M with continued strength in SaaS Bookings; year to date Adjusted EBITDA increases 4X to $8.3 million Montreal, February 27, 2020— Tecsys Inc. (TSX: TCS), an industry-leading supply chain management software company, today announced its results for the third quarter of fiscal…
Press Release
Invitation to Tecsys’ Conference Call on February 28, 2020, Covering Third Quarter FY2020 Results
Tecsys Inc. (TSX: TCS) will release its financial results for the third quarter of fiscal year 2020 ended January 31, 2020 on February 27, 2020. Tecsys President and CEO, Peter Brereton, and CFO, Mark J. Bentler, will host a conference call on February 28, 2020 at 8:30 a.m. EST to present and discuss the results with the analysts.
Events
MODEX 2020
Join the Tecsys team at MODEX in Atlanta on March 9-12, 2020!
Press Release
Tecsys Launches Advanced Analytics for Retail Supply Chain Using Microsoft Power BI
Tecsys Inc. (TSX: TCS), an industry-leading supply chain management software company, has chosen Microsoft to enable intelligent retail by leveraging Microsoft Power BI to power the company’s cloud-native retail order management analytics. Power BI is a cloud-based suite of business analytics tools that empowers retailers and consumer goods companies around the world to gain better insights into their customers, empower employees with modern tools and platforms, deliver on an intelligent supply chain and ultimately reimagine their businesses.
Press Release
Tecsys Beefs Up Retail Analytics and In-Store UI in Latest Omnichannel Order Management Software
Tecsys Inc. (TSX: TCS), an industry-leading supply chain management software company, is pleased to announce important functional advancements to its end-to-end retail supply chain platform and omnichannel order fulfillment solution. In the latest release of its retail software, Tecsys highlights new and robust data-driven business intelligence (BI) analytics, an optimized user interface for order management orchestration and an enhanced mobile in-store application for store associates.
Press Release
Gaming Giant Ubisoft Powers Sophisticated Blend of Ecommerce Preordering, Physical Product and Digital Asset Retail Shop with Tecsys Software
Tecsys Inc. (TSX: TCS), an industry-leading supply chain management software company, today announced that Ubisoft, a leading creator, publisher and distributor of interactive entertainment and services, has selected Tecsys to power its sophisticated physical and digital asset order management processes to deliver a unified shopping experience to players.
Supply Chain
Tecsys Beats Previous Deployment Record with 10 Go-Lives in Three Months
Montreal, December 17, 2019– Tecsys Inc. (TSX: TCS), an industry-leading supply chain management software company, today announced a record-breaking number of go-lives in the second quarter of the company’s fiscal year. Excluding base account enhancement projects, the Tecsys service organization and its global network of partners successfully led 10 go-lives for new customers. Over the last several months, the company has been refining its proprietary project implementation methodology to shorten the time-to-value and lower overall costs associated with implementation. The early results of this effort are reflected in this quarter’s deployments.
Press Release
Tecsys to Expand Global Headcount by Over 25% Due to Dynamic Growth
Tecsys to Expand Global Headcount by Over 25% Due to Dynamic Growth Montreal, December 12, 2019 — Tecsys Inc. (TSX: TCS), an industry-leading supply chain management software company, today announces that it begins an aggressive recruitment effort aimed at increasing the employee headcount by over 25% within the next year. This announcement comes on the…
Press Release
Tecsys Continues Unparalleled Momentum with the Addition of 10 New Customers and 25 New Bookings in Three Months Across Healthcare, 3PL and Retail Industries
Tecsys Continues Unparalleled Momentum with the Addition of 10 New Customers and 25 New Bookings in Three Months Across Healthcare, 3PL and Retail Industries Converging Supply Chain Markets and Accelerated SaaS Adoption Drive Record-Breaking Momentum Montreal, December 10, 2019 – Tecsys Inc. (TSX: TCS), an industry-leading supply chain management software company, today announced broadscale momentum…
Press Release
Tecsys Reports Financial Results for Second Quarter Fiscal 2020
Tecsys Reports Financial Results for Second Quarter Fiscal 2020 Montreal, December 4, 2019 — Tecsys Inc. (TSX: TCS), an industry-leading supply chain management software company, today announced its results for the second quarter of fiscal year 2020, ended October 31, 2019. All dollar amounts are expressed in Canadian currency and are prepared in accordance with…
Press Release
Invitation to Tecsys’ Conference Call on December 5, 2019, Covering Second Quarter FY2020 Results
Invitation to Tecsys’ Conference Call on December 5, 2019, Covering Second Quarter FY2020 Results Montreal, November 15, 2019 – Tecsys Inc. (TSX: TCS) will release its financial results for the second quarter of fiscal year 2020 ended October 31, 2019 on December 4, 2019. Tecsys President and CEO, Peter Brereton, and CFO, Mark J. Bentler,…
Distribution Management, Posts, Supply Chain
5 Secrets to Supercharge Your Industrial Distribution
Industrial distributors have an absolute need to provide timely customer service, fulfill orders accurately and carry the right mix of inventory. If you can’t do this, your customers will go elsewhere. One of the key components to being more competitive is information technology. Not just choosing any technology—choosing the right information technology for your business.…
Press Release
Peter Brereton of Tecsys Inc. Named EY Entrepreneur Of The Year® 2019 Quebec for Technology
Peter Brereton of Tecsys Inc. Named EY Entrepreneur Of The Year® 2019 Quebec for Technology Montreal, November 11, 2019 — Ernst & Young LLP (EY) has named Tecsys Inc. (TSX: TCS) President and CEO Peter Brereton an Entrepreneur Of The Year® 2019 Quebec Award winner in the Technology category. Entrepreneur Of The Year® recognizes entrepreneurs…
Press Release
Tecsys Presents Parkview Health the Innovation Award at the 2019 User Conference
Montreal, October 16, 2019 — Tecsys Inc. (TSX: TCS), an industry-leading supply chain management software company, announces Fort Wayne, IN-based Parkview Health as the winner of its Innovation Award for 2019. The award, which recognizes one organization that continues to stay ahead of the curve as they progress through their supply chain journey, was presented during the 2019 Tecsys User Conference held September 22-25 in Phoenix.
Events
NAED South Central Region Conference 2020
Join the Tecsys team on February 24-26, 2020 in Austin, TX!
Events
NRF 2020 Vision: Retail’s Big Show
Join the Tecsys team at NRF in New York City on January 12-14, 2020!
Press Release
Tecsys Announces Election of Directors and Appointment of Auditors
Montreal, September 6, 2019 — Tecsys Inc. (TSX: TCS), (the “Corporation”), announces the results of the matters voted upon at the annual meeting (the “Meeting”) of shareholders of the Corporation (the“Shareholders”) held on September 5, 2019.
Press Release
Tecsys Reports Financial Results for First Quarter Fiscal 2020
Montreal, September 5, 2019 — Tecsys Inc. (TSX: TCS), an industry-leading supply chain management software company, today announced its results for the first quarter of fiscal year 2020, ended July 31, 2019. All dollar amounts are expressed in Canadian currency and are prepared in accordance with International Financial Reporting Standards (IFRS).
Press Release
Invitation to Tecsys’ Conference Call on September 5, 2019, Covering First Quarter FY2020 Results
Invitation to Tecsys’ Conference Call on September 5, 2019, Covering First Quarter FY2020 Results Montreal, August 28, 2019 – Tecsys Inc. (TSX: TCS) will release its financial results for the first quarter of fiscal year 2020 ended July 31, 2019 on September 5, 2019. Tecsys President and CEO, Peter Brereton, and CFO, Mark J. Bentler,…
Events
STAFDA
We look forward to seeing you in Nashville on November 10-12, 2019!
Events
2019 Tecsys User Conference
Join the Tecsys team at the 2019 User Conference, September 22-25 in Phoenix!
Events
Workday Rising
Join the Tecsys team at Workday Rising in Orange County from October 14-17!
Events
NBMC Sell-A-Rama
We look forward to seeing you at the NBMC Sell-A-Rama in Niagra Falls on September 23-26!
Events
Eclipse Encounter
Join the Tecsys team at Eclipse Encounter in Fort Worth from September 8-10!
Posts, Retail Order Management
What Exactly is Retail Order Consolidation?
Retail Order Consolidation is the ability to bring together all the merchandise of an online order with multiple products into one single shippable package. Bringing the complete multi-product order into one single package to be shipped means saving on packaging, delivery, and is what most customers expect when placing an order. What? ... How difficult…
Press Release
Tecsys Names Steven Berkovitz Chief Platform Officer to Accelerate Company’s Broader SaaS Focus
MONTREAL, July 23, 2019 — Tecsys Inc. (TSX: TCS), an industry-leading supply chain management software company, today announced the appointment of Steven Berkovitz to the position of chief platform officer. In this newly-created senior executive role, Berkovitz will focus on Tecsys’ strategic development and implementation of a unified approach to cloud architecture across product lines.
Press Release
Ernst & Young Selects Tecsys CEO Peter Brereton as 2019 Finalist for Entrepreneur of the Year® Award
MONTREAL, July 17, 2019 — Tecsys Inc. (TSX: TCS), an industry-leading supply chain management software company, today announced the company’s CEO, Peter Brereton, has been named a finalist in Ernst & Young’s (EY) Entrepreneur Of The Year® 2019 Award for the Québec region.
Press Release
Tecsys Reports Financial Results for Fourth Quarter and Full Year Fiscal 2019
MONTREAL, July 3, 2019 — Tecsys Inc. (TSX: TCS), an industry-leading supply chain management software company, today announced its results for the fourth quarter and full year of fiscal year 2019, ended April 30, 2019. All dollar amounts are expressed in Canadian currency and are prepared in accordance with International Financial Reporting Standards (IFRS).
Press Release
Invitation to Tecsys’ Conference Call on July 3rd 2019, Covering Fourth Quarter and Fiscal Year 2019 Results
MONTREAL (June 27, 2019) – Tecsys Inc. (TSX: TCS) will release its financial results for the fourth quarter and fiscal year 2019 ended April 30th, 2019 on July 3rd, 2019 after the markets close. Tecsys President and CEO Peter Brereton, and CFO Mark J. Bentler, will host a conference call on July 3rd, 2019 at 5:00 p.m. EDT to present and discuss the results with the analysts.
Events
AD Supplier Summit
We look forward to seeing you at the AD Supplier Summit, May 28 - May 31, in Montreal!
Posts, Retail Order Management
What Exactly Is A Split Payment in Retail?
Omnichannel retail evolves almost on a daily basis. But it has to because customers are more and more demanding. For a long time, omnichannel retail meant to buy from anywhere, and fulfill from anywhere. But has another component now been added? Should 'pay in any way' be added to our definition? What are Split Payments?…
Press Release
Tecsys Extends Supply Chain Solutions with Distributed Order Management Capabilities to Optimize Omnichannel Fulfillment
Tecsys Inc. (TSX: TCS), an industryleading supply chain management software company, today announced that its warehouse management system (WMS) has been extended with top-tier distributed order management (DOM) capabilities following its acquisition of market leader OrderDynamics, providing newfound omnichannel efficiency benefits for customers.
Posts, Retail Order Management
Omnichannel Retail ROI – Does it Exist?
Omnichannel Retail ROI has been a highly elusive topic. Sure omnichannel retail is critical to a retailer’s competitive edge. We have all espoused this enough to know that it must be true... right? It might be a competitive edge, but does it pay? It is important to your brand, and to cater to your customer’s…
Press Release
Tecsys Reports Financial Results for the Third Quarter of Fiscal 2019
Second consecutive quarter of record bookings; strategic acquisitions expand market opportunities
Posts, Retail Order Management
Retail Returns Best Practices
There is no doubt about it. To most retailers ‘returns’ is like any number of four letter words in the foul language category. However, there are a number of retail returns best practices that retailers can use to make the process smoother, and to even put a silver lining on it. After all, following a…
Events
NADITA 2019
We look forward to seeing you at NADITA 2019 in Las Vegas from April 15-18!
Events
NAED South Central Region Conference
Join the Tecsys team at NAED South Central Region Conference, we look forward to seeing you there!
Press Release
Invitation to Tecsys’ Conference Call on March 1st 2019, Covering Third Quarter of Fiscal Year 2019 Results
Montreal (February 14, 2019) – Tecsys Inc. (TSX: TCS) will release its financial results for the third quarter of fiscal year 2019 ended January 31st, 2019 on February 28th, 2019. Tecsys' President and CEO, Mr. Peter Brereton, and Mr. Mark J. Bentler, CFO, will host a conference call on March 1st, 2019 at 8:30 a.m. EST to present and discuss the results with the analysts.
Posts, Retail Order Management
E-Commerce and Physical Stores: How Do They Stack Up?
Can one retail channel truly exist without the other in today’s omnichannel world? With traditional e-commerce giants like Amazon making the move to open brick-and-mortar locations, the trend towards an omnichannel retail experience is undeniable. Both digital and physical stores continue to play important, if not always equal, roles in the shopping journey of modern…
Posts, Retail Order Management
11 Reasons for In-Store Pick Up
In-Store Pick Up is the core service of omnichannel retail. It is the main reason businesses buy retail order management systems. What follows are the top 11 reasons why your operation needs pick up in-store, too. Whether you call it click and collect, grab & go, or buy online pick up in-store (BOPIS) – this…
Posts, Retail Order Management
Should You Use A Retail Ship-from-Store Strategy To Fulfill Online Orders?
Should online orders be fulfilled using a retail ship-from-store strategy or rather from fulfillment centers? That’s a very serious question facing retailers driving omnichannel today. There are good reasons for both fulfillment methods. Yet one better leverages a retailers’ full resource base. It’s NOT – “All or Nothing!” Too many people take extreme positions on…
Posts, Retail Order Management
6 Retail Click and Collect Services Customers Demand
Shoppers can be fickle about the retail click and collect services they want. Of course, it all started with the desire and ease of researching and buying online. Starting with a multi-channel approach meant putting up an online ecommerce site. It supplemented your bricks and mortar presence. However, that was not good enough. All brand…
Posts, Retail Order Management
Omnichannel Retail vs eCommerce Pureplay
Bain & Company published a powerful newsletter articulating “The Power of Omnichannel Stores.” The research did an excellent job of highlighting the changes gripping the modern retail world. It highlights the importance of omnichannel retail, the growth of eCommerce, and compares the irony of the cross-pollination of these two trends. Ultimately the Bain & Company research,…
Posts, Retail Order Management
Retail Order Routing – What Exactly is it?
Editor’s Note: This post was originally published in August 2016 and has been updated for freshness, accuracy, and comprehensiveness. Retail Order Routing is the efficient allocation and fulfillment of customers orders based on a set of predefined business rules. Basically, it means getting a customer order, finding the item in a retailers inventory and getting…
Posts, Retail Order Management
BOPIS & Ship-To-Store – NOT the Same!
BOPIS and Ship-To-Store are easy to confuse. Kind of... Ship-to-store is what it says. It is about taking an order (often an online order) and shipping items to the store to fulfill. Then the customer can have it shipped to their home. Alternatively, they can have it held at the store for them to pick…
Posts, Retail Order Management
What Exactly is Omnichannel Fulfillment?
Omnichannel has become more than just a buzzword in retail. Omnichannel retail is gaining momentum. So, what exactly does it mean? What specifically is omnichannel fulfillment, in the retail environment? More importantly, does it matter? What is Omnichannel Fulfillment? Order fulfillment happens after a customer makes a purchase. In short, it takes the customer orders…
Press Release, Supply Chain
Tecsys Reports Financial Results for Third Quarter of Fiscal 2018
Tecsys Reports Financial Results for Third Quarter of Fiscal 2018 Good operational discipline and strong bookings MONTREAL, March 1, 2018 — Tecsys Inc. (TSX: TCS) an industry-leading supply chain management software company, today announced its results for the third quarter of fiscal year 2018, ended January 31, 2018. The unaudited interim financial statements are prepared…
Posts, Supply Chain
Are Wholesalers an Endangered Species?
The traditional role of wholesalers is quite simple; they buy significant quantities of products from different manufacturers, store them in warehouses and resell them to customers, whether retail, industrial, commercial, institutional or contractors. Their role is to have the right product when it is needed, at the lowest price. Pretty simple.
Platform, Posts, Software Development, Supply Chain
Can You Have Everything and Still Be Unique?
I find it fascinating that today, in our personal lives or in business, we need so many things that we did not have before. I personally never thought I needed that much, but when I look back at when I started my career, I realize that today compared to then, I do.
Analytics, Business Intelligence, Posts, Supply Chain, Warehouse Management
Get Down to Brass Tacks
A lot of focus has been placed on advanced and predictive analytics, and rightfully so. I have written many posts and have spoken publically on the merits of advanced analytics for several years now. What I find disorienting and misleading are marketers harping on how important it is to adopt advanced analytics right now. The thing that they just don't get (or maybe they don't want to get?) is that an organization will need to transcend a series of analytical maturity levels before they can truly capitalize on the benefits of advanced and predictive analytics.
Posts, Software Development, Supply Chain
Situational Software Development
Previously in this series I wrote that the principles of agile software development are more important than the development process (see Agile Software Development: It’s not a process). Consequently there isn’t just one correct way to do software development – the approach must be based on a careful examination of the needs of each project.
Analytics, Business Intelligence, Healthcare, Posts, Supply Chain, Warehouse Management
Competing on Data Talent
In my last post, I introduced the longitudinal study that MIT Sloan Management Review has been conducting over the past five years. From 2010 to 2012 they indicated that 67% of those surveyed believed that analytics gave their organizations a competitive edge. In 2013, that figure stabilized at 66% revealing the so called 'Moneyball Effect' where leaders lost their competitive edge that they once enjoyed because followers matured and made analytics core competencies. In 2014, that trend continued, falling to 61%.
Platform, Posts, Software Development, Supply Chain
The VISION thing
“If you don’t stand for something you’ll fall for anything!” That was one of my Dad’s favorite expressions and I think it’s wise; I try to live by it every day. It applies nicely to software development too where I put it in the following terms: “If you don’t have a vision for your product you’ll clutter it with lots of unnecessary features!”
Platform, Posts, Software Development, Supply Chain
Agile Software Development: It’s Not a Process
Once upon a time, agile software development was revolutionary and cellphones were for making cellphone calls, but those times are long gone. Agile is a mainstream best-practice and if you aren’t applying it then I must brand you a laggard. But agile has changed in the last decade, and not always for the better.
Analytics, Business Intelligence, Posts, Supply Chain
Competing on Data
By now, most of you have probably heard of, or read, the book entitled Competing on Analytics by Thomas Davenport that demonstrates how some of the most successful organizations in the world have made analytics a core capability and integral to their strategic planning. MIT Sloan has been tracking this phenomenon since 2010 echoing Davenport's findings. From 2010 to 2012 they indicated that 67% of those surveyed believed that analytics gave their organizations a competitive edge. However, in their last installment of their longitudinal study, something interesting happened. Something that I like to call the 'Oakland Athletics Effect'.
Platform, Posts, Software Development, Supply Chain
The Benefits of 20/20 Hindsight
Choosing the technology for a long-term project is a risky business – this season’s hottest software may be horribly out of fashion a year or two from now. That’s a big problem if you’ve built your supply chain on it; no-one wants to upgrade their software platform very often.
Platform, Posts, Software Development, Supply Chain
Introducing a Blog for Your Inner Software Geek
Tecsys develops innovative software products. Yes, we are a provider of supply chain solutions (and hey, Your Supply Chain Matters!), but underpinning all of that is a team of software development professionals who build our products with the latest technologies and tools.
Analytics, Business Intelligence, Healthcare, Posts, Supply Chain, Warehouse Management
Big Data – Synthesis
In 2013, Gartner conducted a survey on Big Data Adoption in Supply Chain Industries and found that adoption has been flat and is lagging behind the overall adoption rate of other industries such as banking, insurance, and retail to name a few. Gartner ascertained that these characteristics pertaining to the Supply Chain industry are attributable to an inherent lack of understanding of what Big Data truly is and a fundamental lack of the required skill sets. This, in essence, is the challenge facing the Supply Chain industry.
Analytics, Business Intelligence, Posts, Supply Chain, Warehouse Management
Big Data Implications
Big data and big data analytics pose a series of implications and challenges. Organizations that seek to become analytical competitors must have an established analytics culture consisting of well trained employees who are using the right enabling technologies. However, these organizations face challenges maintaining consumer privacy while they collect and use sensitive information.
Analytics, Business Intelligence, Posts, Supply Chain, Warehouse Management
Big Data Analytics
Big data is all around us. As we have seen, big data is characterized by its volume, velocity, and variety (the infamous three 'V's). Great, you have a lot of data...now what? Well, these untapped 'dark data assets' give rise to vast opportunities for those organizations that seek new ways to compete. Studies have shown that organizations that compete on analytics by focusing on their core competencies fare much better than those who do not. Some have gone so far as to call big data the ‘new oil’. In part two of this four part series, we will take a closer look at big data analytics.
Analytics, Business Intelligence, Posts, Supply Chain, Warehouse Management
Big Data Demystified
With the advent of big data, organizations are beginning to recognize the impact that big data and analytics can have on their ability to compete in their respective industries. In a recent study by MIT and the SAS Institute, 67% of leading organizations firmly believe that analytics give them a competitive advantage. This recognition has revealed that it is not only about the volume, velocity and variety of the data at hand, but having the right culture, skillsets, and technologies in place, while respecting the privacy of consumers. This post will be the first of a four part series aimed at demystifying the term 'big data', and touching on opportunities, implications and challenges related to big data.
Analytics, Business Intelligence, Healthcare, Posts, Supply Chain
The Hierarchy of Healthcare Supply Chain Metrics
In my July post, I introduced the 'Hierarchy of Supply Chain Metrics', which is a framework of supply chain metrics conceived by Gartner, the world's leading information research and advisory company. The model provides 3 tiers of integrated metrics to assess, diagnose, and correct supply chain performance, and is a great example of what constititutes a supply chain scorecard.
Analytics, Business Intelligence, Posts, Supply Chain
Tecsys Analytics with WERC Benchmarks
It has been said that you can't manage what you can't measure. In the world of analytics, this is our daily mantra. However, as succinct as the statement may be, you can't help wondering if it is missing something — a little something called perspective.
Analytics, Business Intelligence, Posts, Supply Chain
The Hierarchy of Supply Chain Metrics
Since 2010, Gartner, the world's leading information technology research and advisory company, has been publishing an annual report entitled 'Gartner Supply Chain Top 25' which ranks organizations that demonstrate leadership in supply chain management. In each of these reports, the 'Hierarchy of Supply Chain Metrics' is positioned as the ideal set of metrics to measure supply chain operational performance. To emphasize Gartner's stance, the subtitle reads: 'The Metrics We Wish We Had'.
Analytics, Business Intelligence, Healthcare, Posts, Supply Chain
3 Stages of Hospital Supply Chain Management (SCM) Maturity
Having been involved in the development of a pan-Canadian Electronic Health Record, I have a keen interest in how healthcare benefits from standardized policies and technologies designed to reduce healthcare costs and improve patient outcomes and safety through improved synergies and efficiencies. My interest also extends to the hospital supply chain. With inventories representing 30% of hospital costs, second only to labor costs, there are huge gains in organizational performance that can be had through better supply chain management.
