Inventory management is a chain of processes and on-going tasks that depend on many factors. This is why inventory management is considered to be one of the most complex processes of a business. Below listed are 6 main factors that affect inventory management. Consumer demand Maintaining the right stock levels accordance with the consumer demand […]
Most of you must be wondering what this ERP software is all about. Well the acronym ERP actually means Enterprise Resource Planning. This is a software that is being used in organizations world over, for the benefit of their businesses. To understand how something as simple as a software/computer program can improve your business, or […]
Handling your warehouse right is a crucial factor that affects directly on the success of your manufacturing business regardless of the industry you are in and the size of your business. Because it can be a breaking or making point for the whole business’s financials depending on the warehouse management costs. If not handled properly, […]
When you hear the term ERP, you are actually wondering what it is. Well, the acronym stands for Enterprise Resource Planning. And this again doesn’t give you a clear idea as to what this software is exactly, and what it does. Before you know this, it is clearly impossible for you to understand what the […]
Procurement is the purchase of all goods and services needed for a company to stay sustainable. A procurement management system streamlines the evaluation, selection, and authorization of contracts with all suppliers. It also manages ongoing supplier relationships and the transactional purchasing of goods and services. In essence, a procurement management system is the complete source-to-settle […]
Key highlights of the 2018 budget On 19 February 2018, Finance Minister Heng Swee Keat delivered the Budget Statement of Singapore for 2018. The budget which was presented under the heading “A Better Future” was revolutionary, as it was aimed at sparking the next waves of the technology revolution. Introducing a new crowdsourcing platform, funding […]
Any company with an inventory knows that right inventory management can bring a tremendous amount of profits to a business. One of the most effective ways you can improve the efficiency of your inventory is by investing in an inventory management software. For those who are still sitting on the fence on deciding an inventory […]
Today, you find many vendors selling WMS systems. Yet, only a few offer the advanced features to take your warehouse from regular to amazing. This is why many business organization feels exhausted right after they started their search for a good warehouse management system as they don’t have a clear idea of what directions to […]
Without the right inventory management system in place, your inventory handling can go out of style, cause more waste in items and even cause product misplacement and thefts. Especially when your business expands and the warehouse gets bigger. This is the reason it’s always a good idea to invest in a good inventory management system. […]
Without fundraisers, no non-profit organization can survive. Because without consistent donation flow it’s not possible to manage the resources towards supporting the prominent cause of the organization. Over the years, donor behaviours have evolved just as your organization. Therefore, the old-time fundraising techniques won’t bring you much of results today. Now the time has come […]