Taking Stock of Your Stock: Inventory Management 101

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.

Your Employees. Your Sales Team.

You have a sales team who goes out in the world cold calling, following up leads and closing deals (hopefully). You have a marketing department who makes nice brochures for prospective clients, updates your website and strategises new ways to bring in more sales. You have an operations or production team who carries out the…

Operational Excellence is Closer Than You Think

Industries used to focus on three main areas for excellence and growth: creating and developing their products in bigger, faster and cheaper ways. Expanding an organisation simply by gaining more contracts was the only way; volume was more important than anything else. This is what spurned the industrial revolution and what continues to enable industries…

Where Innovation Meets Customer Focus

Innovation and customer focus: two of the strongest underlying elements of most business strategies – or are they? Executives will band around these words in business meetings, management presentations and financial reports but, in these transient and unforgiving economical times, they need to be the driving force behind every organisation’s strategy.

What’s the Cost Benefit of SAP Business One for SMEs?

Small and medium sized enterprises (SMEs) struggle to justify many of their outgoing expenses, particularly when the return on investment is difficult to identify immediately. SAP Business One solutions often fall into the category of ‘nice to have but not necessary until we grow’ for many SMEs. However, this can often be a costly mistake…

Help! My Organisation is Sinking in Paper Files and Documents!

This post was previously published on 28 February 2012. 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. Many clients approach Blue…

Business Analysis Challenges Made Easy with SAP Business One and HANA

Which of the following business analysis challenges sound familiar to you and your organisation? Your organisation faces a significant lag time between gathering and viewing large volumes of operational data. You need to gain accurate business insight while your operations continue to run. Your business data does not provide enough (or any) flexible analytic models…