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.
Evolution of Technology and the Impact on Accounting Software of Today We’ve seen several generations of financial accounting systems emerge over the last 4-5 decades. Initially, there were mainframe applications that only completed the most computationally intensive aspects of a financial process. High cost computing hardware drove a lot of the early specialization in application […]
Collecting on unpaid invoices can be a daunting task. It can be nerve-wracking trying to approach the conversation firmly enough to get you paid but delicately to not damage the customer relationship. “At the end of the day you’re owed money,” says Paul Donno, chartered accountant and director of Accounts Online. “They’ve received your service […]
Download this year’s Practice of Now 2020. This industry guide for accountants and bookkeepers provides industry analysis based on the interviews of thousands of stakeholders worldwide to take the pulse of the profession at large. This report is mandatory reading for any accounting professional. It provides an unparalleled degree of insight into their industry – […]
How long does it take for your customers to process your invoices and pay for your goods or services? And how many awkward conversations do you have to have along the way? It’s estimated that around 350 billion invoices are issued around the world each year. Sage’s own research reports that more than 1 in […]
Ahead of the upcoming Sage webinar ‘Managing Supply Chain Risk and Distribution for Distributors’ Sushil Arora, CEO Danica Imports, talks to Sage Advice about how the wholesale business leveraged technology to protect revenue, inform better business decisions and launch the direct to consumer channel. Like many Canadian businesses, the story of Danica Imports in 2020 […]
