According to reports out this week, SMEs are still struggling with the ongoing manpower shortage and an increase in employee salaries and rents, while they also suffer declining profits. The results from an annual SME survey conducted by the Singapore Chinese Chamber of Commerce & Industry (SCCCI) indicate that 83% of the 645 companies surveyed…
Leading an organisation might often feel like a never-ending line of decisions to be made. In today’s fast-paced marketplace, making the wrong choice, or making it too late, can have a negative impact on your success, your brand and your profitability. Gone are the days where companies had analysts reviewing every data source imaginable; in…
This post was previously published on 6 September 2013. For more up to date information on the PIC scheme and other budget initiatives, please refer to our most recent blog post on Singapore Budget updates, with the latest available information from IRAS. For the full details, visit the IRAS PIC site. The question should be…
When you hear ‘innovation’ a large majority of business leaders are probably dreading what new changes are being brought in to disrupt the status quo they are comfortable and familiar with. The latest technological advancement, the best new productivity tool or the latest streamlined process might seem like the next in a long line of…
What does a ‘growing’ company mean to you and your industry? More staff? More machinery? More manufacturing? More warehouses? More locations? Definitely more sales and more customers! But have you ever considered that while all of the above are inevitable for a growing business, that the most challenging element might be (literally) staring you in…
When your organisation has made the decision to invest in an ERP, you might wonder how your industry-specific processes will be managed in the future. You may also have concerns about the intricate details of your business operations and how things might change when you switch to a new platform. Working with Blue Ocean Systems…
They all started there – in that startup phase where the CEO was also the operations manager, the production manager, the sales and marketing guy, the hirer and firer, the chief problem solver. They knew everything about the organisation because it was their concept, their baby and they knew every contact, every sale, every team…
This may sound familiar to many of you: each day begins with an influx of emails to your Blackberry / iPhone / Smartphone device and before you’ve even left home you’ve downloaded several attachments full of facts, figures and colourful charts from numerous departments telling you the average call volume, the number of emails received…
SAP HANA is revolutionising the way companies use predictive analytics to make better decisions on petabytes of Big Data. Companies are also leveraging the integration between SAP HANA and their SAP CRM.
Your stock, or inventory, is made up of ‘goods and materials a business holds for the purpose of resale’ (wiki). These goods and materials making up your overall inventory can be in any form across the production life cycle and are divided into 3 categories.
