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.
It’s no secret that the personal and professional lives of most of us have undergone a major upheaval as of late. Most employees have had to adjust to a work-from-home (only) environment for the first time, and many of them have had to do so with their spouses and children in tow. For finance, this […]
During tough times, one of the first things many firms do is trim their marketing budget. While marketing is certainly an easier place to cut costs than payroll, it can have long-lasting and even harmful effects. In fact, according to a study published in the International Journal of Research in Marketing, the companies that bounce […]
Small businesses are usually very good at knowing who their customer base is and what they want. This knowledge is key to their success – learn what your customer wants and make sure you give it to them. Can accountants learn from this business philosophy? It’s one thing to think you know what services your […]
You’ve just landed a new job as a finance executive at a young software-as-a-service (SaaS) company. Now what? It’s a crucial question, because what happens over the next few months can make or break your new employer’s success — and your own career. The challenges are many if you’re a SaaS vendor’s first CFO, or […]
If you want to take control of your business and really boss it, making sure you’re getting paid on time is vital. When you sell something in your business, you create credit. The only real exception is in retail premises, where payment is immediate. But creating credit means you have to wait for payment. And […]
