In a rapidly changing environment, how can you grow your manufacturing business, control costs and increase profitability?
In the past, Enterprise Resource Planning (ERP) software was very effective. Today, Sage X3 software helps you control business operations, ensure consistent quality and take advantage of new sales opportunities.
Radically simplify your operations to get the most out of valuable resources.
Manage your entire process manufacturing operation faster and more effectively.
Tim Louie, manager
Tsue Chong Company
Recent legislation in many parts of the world has given government agencies greater power to intervene in manufacturers’ operations and more easily demand product recalls and withdrawals.
Moreover, consumers are becoming ever more demanding of manufacturers, ready to react as soon as their expectations are not satisfied and able to raise their concerns instantly, and very publicly, through modern communication technology. As a result of these factors, product recalls around the world are becoming more and more frequent, and manufacturers are facing major disruption, damage to reputation and overall financial liability.
Gaining detailed insight into your business can be challenging in the best of times, and manufacturers who lack complete, accurate and up-to-the-minute data face significant challenges to making timely decisions. Which product is the most profitable? Which supplier experiences the longest delays? How much cash is tied up in inventory surplus, and how much could you invest in growing your business? Without the answers to these questions, many businesses end up making poor strategic decisions and costly mistakes.
Managing supply chains is a constant challenge for manufacturers. In addition to staying on top of key factors, i.e. costs, demand forecasting, production downtime and inventory surplus, supply chain partnerships are continually changing. What happens if your supplier’s shipment has been delayed? What if supply costs increase without warning or quality changes? Without a fast, accurate method to track progress or communicate, you may be unable to avoid production downtime or plan an alternate manufacturing schedule without hurting your business.
Through digital transformation, your manufacturing firm can take advantage of productivity and efficiency gains via Industry 4.0. You can look ahead to a factory of the future – connecting information so intelligent machines can collaborate with each other, run by a team of analytical, well-trained workers. It’s a centre of innovation—the hub of a supply […]
In our introduction to bookkeeping basics we’ve already examined what a balance sheet is. In this article we dig down a little to see what measures can be drawn from it. Often these are called Key Performance Indicators (KPIs), because they let you gain insight into the parts of your business finances that really matter. […]
Learn how a cloud-based accounting solution can lead to clarity for your financial data, allowing your teams to become more productive and efficient.
In this new guide from Sage, you will learn the answers to the burning questions that can help boost efficiencies in your firm in 2019. Such as: How do I measure performance in my practice in 2019? What should the new metrics be for a forward-thinking accountancy practice with its eyes on growth and creating […]
Need to know how to fix cash flow problems for your business? You’re not alone. Recent financial coverage in the news has raised the question of how to fix cash flow management problems for big businesses.
