The importance of flexibility in modern business

The importance of flexibility in modern business (Photo credit: Thinkstock/iStock)

In our fast-paced, increasingly technological world, it is becoming more and more important for businesses to ensure that they are as flexible as possible in every area of their work, from their employment policies to their network management.

We at VC4 are of course most interested in how our Inventory & Management System (IMS) can help businesses to achieve flexibility, but this piece will also touch on how technology can be embraced for flexible working, allowing employees all over the world to stay connected with their business, wherever they may be based.

What is flexibility in business terms?

While we all know flexibility is the ability to adapt easily to different scenarios, how exactly can this be applied to modern business?

In a guest blog post for PR In Your Pajamas, co-author of Small Business, BIG Vision Matthew Toren wrote: "I define flexibility in business as the ability for a company to make whatever internal changes are necessary to respond effectively to the changing outward environment, as quickly as possible.

"In other words, you're ready for whatever happens in the market and you're able to turn it into opportunity by adjusting to the new paradigm almost immediately."

Therefore, in the telecoms industry, with ever-changing networks and modes of communication, it is important that firms are as well-equipped as possible to adopt a flexible approach and deal with changes.

Network flexibility

One way in which telecom service providers can do this is by embracing VC4's innovative IMS product, which allows employees of such firms to manage changes relating to their networks, meaning they can improve their technical flexibility.

The network planning and change management features of IMS include its ability to copy equipment, carry out overviews of networks, draw up equipment templates and seek out available routes for network connections and customer services.

As all of these functions can be carried out in one single system, problems can be resolved quicker and lead times can potentially be reduced, meaning flexibility can in turn be improved.

However, it is not just the network planning and change management aspects of IMS that can improve a company's flexibility, but also its ability to manage workflow, warehouse operations, spares and even floor plans.

The inventory solution is extremely collaborative, allowing all employees of a firm to access it, meaning they can work in sync to strive towards improving a company's performance.

This multi-user approach and high level of accessibility once again contributes towards a firm's flexibility, as centrally-stored files and data can be found quickly and easily.

Flexible working

It is not only in relation to technology that telecom service providers need to adopt a flexible approach, but also with regard to their employees and the way in which they work on a day-to-day basis.

Although some of the technology a telecom service provider is using may only be able to be accessed in the office or at the company's headquarters, other tasks should be doable from home or another remote location, further improving flexibility.

For instance, field engineers working on site with a tablet, or sales personnel checking the best-selling areas close to the network of the service provider. 

How can IMS make a CEO’s life easier?

How can IMS make a CEO's life easier? (Photo credit: Thinkstock/iStock)

A chief executive officer's (CEO's) life is a busy one, involving many requirements, including management skills, a keen eye for recruitment, quick decision-making abilities and the capacity to deal with staff problems.

Therefore, anything that's designed to make a CEO's life easier is bound to be welcome news and we at VC4 believe we have just the thing that could help to ease stress levels for bosses, while also ensuring a company continues to perform to a high standard – the Inventory & Management System (IMS).

What is IMS?

IMS is a specialist solution designed to help a business to manage its telecommunications networks and platforms in one central, easy-to-access location. 

There are countless features and benefits to installing IMS within a business, with its primary aim being to make life simpler for both management and members of staff lower down the rankings.

To highlight just a few of its features, IMS can register and manage several telecommunications networks at one time, while consolidating significant amounts of information within them.

Holding the position of CEO involves numerous management tasks, but IMS can take many of these away from a boss and their current software, providing them with a much more adequate solution.

For instance, IMS can manage the IP networks and keep track of orders and details relating to output productivity and workflow.

Updates can be automatically processed through the system, taking away admin tasks for network engineers and stopping the need to wait for slow, outdated programs to upload new information.

IMS has the ability to keep track of all operations across a business, including sales and even the goings-on in the warehouse, meaning CEOs don't need to worry about trying to achieve the impossible task of placing themselves in more than one place at a time.

As well as floor and department management, IMS can look after data relating to staff and their contracts and terms of employment too, providing CEOs with peace of mind that all this information is being stored in a safe and secure manner.

If bosses struggle to keep track of contractors carrying out tasks, IMS can look after information regarding these too, meaning they'll easily be able to track performance based on KPI reporting.

What problems do CEOs face?

In a blog published in March 2014, the Wall Street Journal interviewed a number of CEOs from a variety of businesses to find out what the most common problems they face on a day-to-day basis are.

Many of the answers were centred around concerns relating to providing a high-quality service, managing staff and remaining at the forefront of the technological age.

Rosabeth Moss Kanter, a strategy, innovation and leadership specialist at the Harvard Business School, explained: "CEOs worry about innovation – their own and others'. They want their company to be well along with the next game-changing blockbuster before competitors catch up, which makes them worry about what the competition is doing."

Chairman, president and chief executive of State Street Corp Jay Hooley added: "If you aren't harnessing the power of data, you're almost certain to end up falling behind."

How could IMS help?

In light of these findings by the Wall Street Journal, using an innovative system such as IMS could help to significantly reduce some of these concerns, consolidate data and centralise network management software into a single, easy-to-use platform.

As a tried-and-tested – but highly innovative – product, IMS is at the forefront of advances in technology, helping CEOs to ensure their firms are remaining competitive in our increasingly digital age.

It is not just data relating to the networks that can be consolidated in the inventory system, as it can be used in conjunction with other programs your firm may already be using – such as customer relationship management (CRM) – to allow you to keep track of information regarding your clients and consumer market.

IMS has the ability to integrate data from these other systems, not only making life easier for you, but also ensuring you can continue to deliver the best possible service to your clients, which is something VC4 feels extremely passionate about and is more than happy to help with.

Privacy settings

We use cookies to ensure that our website runs as smoothly as possible and to provide relevant information for you. In the settings you can choose which cookies you want to allow or refuse.

Privacy statement | Close