Despite local economic obstacles and a volatile global economy, the most common objectives for Australian business owners in 2012 in terms of clients and revenue are to strengthen customer relationships and expand business development activity, according to Business Monitor research released today by MYOB.
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Purchasing a new ERP system during an economic downturn may seem like a bold decision (and it is). But there are good reasons why you should consider doing so. Those companies that invest during a downturn can reap significant benefits compared to their competitors.
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Real time processing is a common feature of modern ERP systems, including for inventory management. However, in practice achieving real time inventory management with accurate data is not quite that simple. This article explores why and what you can do about it.
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Most ERP solutions now come with their own Human Resources module within the application. This module allows the Human Resources Department employees to maintain information on employees. It also allows managers to manage information on their employees as well as allows employees to keep some of their
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Ensuring compliance with local and international accounting regulations can be challenging. Here’s how you can use your ERP system to manage multiple ledgers more effectively, making use of special ledgers that are automatically updated from your general ledger.
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New software implementations can be a risky undertaking. In this article, we explore how business process analysis and design is an effective and practical way to reduce the risk of implementing a new busines system.
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Manufacturing ERP: Past, Present & Future > Past: The origins of ERP Enterprise Resource Planning (ERP) as we know it today has it origins in the middle of the 20th century. It started with big manufacturing companies using automated batch processes for purposes as material requirements planning,
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The benefits of the right ERP system can be manifold, including reductions in paperwork; improved productivity; lower costs; and more reliable performance. Unfortunately there are also pitfalls that you need to be aware of and actively work to avoid if you are to get the most out of your ERP system.
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When people hear that a new “system” is coming, their first reaction can be “Oh my. They’re going to automate my job and get rid of me”. Fortunately, there are several things that any company can do to help employees prepare and “welcome” the new ERP system.
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If your business growth demands additional software features and functions, you might consider leveraging Software as a Service (SaaS) with your existing ERP software deployment.
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