Published by Hassan Rogers on July 28, 2016

Your Production Yield Through Automation

A basic production mechanism entails three stages: input, processing, and output. Better the quality of input, better still would the output be. It is important that the end product meets the general expectations of the customer in terms of finish and durability. The higher the market price of the product, higher still should be its finish. It must be noted that number of factors affect these characteristics of the output: the environment factor, availability of an adequate labour force, the price of raw materials, other expenses, etc. It is crucial that the producer pays considerable attention to these factors prior to initiating the production process: shortcomings not only place the producer in a precarious position, but also lead to customer dissatisfaction. This in turn could herald customers losing faith in the product/franchise, culminating in customer looking for suitable alternatives. Hence being conscious of the global/domestic market and having a supporting mechanism in play are important.

How will an automated system help?
The aforementioned influencing-factors are clearly susceptible to drastic changes at times. Yet there are ways to predict these changes and thereby circumvent losses and dissatisfaction. You may think that this is as easy as tallying the cost and profit annually; and yet it isn’t. Why? Behavioral patterns within a product/geographic market cannot be predicted through a mere balance sheet, or a basic database, at least, not accurately. Now, we have been introduced to an oft pronounced effective application, generally termed Manufacturing ERP Software. Fluctuations in the economic sphere, accessibility of the labour market, etc can be more accurately predicted using this Manufacturing ERP Software, which enables intelligent decision making on the part of the producer/service provider. This is the arguably the best way to analyze your production process. This will eventually render market penetration easier.

What should I subscribe to?
Epicor is simply one such application that you can subscribe to. It is important that you do a preliminary enquiry as to your exact requirements before you look for an application. Following this you are free to enlist the aid of any service provider. Although, bear in mind that as with all other applications in the market, even the most prominent one is subject to imitation. You must exercise caution and avoid undue manipulation by swindlers. Selecting an application that is relatively new to the market is tricky. Most of such applications could be more or less untested. Rather than relying on your business acumen, you could ask for guidance from IT experts/consultants. After all, safety should be paramount in any line of production. A major system failure could definitely lead to disintegration of competition.

Published by Hassan Rogers on July 11, 2016

Doing Business Without Profit?

If you are one of those people who are doing business without an adequate turn over each year to call your business profitable, there are few possible reasons. You can read the article and check for yourself if any of the following scenario is happening; if you are not sure, if is not too late to start check unless your company is in the troubled water so deep that you can not come shore with the business again. That time you have no other way out than to liquidate excess inventory.

Some one is being greedy
You might feel uncomfortable about this idea. If you are doing a small business with people, you know and you are the sole investor and all others are working partners. You would feel uncomfortable talking about it. But if you want to stay afloat and built back your business; you should start looking for the rat which is making a hole in your income.

You are spending more
This certainly does not mean – you are spending lavishly or you are spendthrift. You are just overlooking many small things which can be the route for people to loot you. You should see to that you reduce overhead cost.

Hire an accountant
This might seem hypothetical but hire an accountant for your business. Though they ask for a huge amount of money as fees; no one can loot from you. The other good news about hiring these accountants are you can’t file your taxes on time; which means no need to pay money for late filing. Apart from this if they make mistake even by an error, the firm will compensate you. Therefore; hiring an accountant is one of the best steps to check that your gain will be in your bank at the end of all the struggle.

Find your perfect den
Most of us spend lot of time in office or in our business place than our home. It is like the lions find their dens, you should find your cave. When lions find their den, they will make sure it of some criteria. Similarly; you should also find a place which will boost your business image. But this does not mean to spend lavishly on a building space which you won’t have any need for. Please also refer to how to improve cash flow in small business

Hiring an employee
When you are hiring an employee; do not be centred on just one ability. If you are looking for a personal assistant but if the person has an HR degree with it; hire them. You can use them as a public resource manager too. Similarly; when you are hiring employee, high people whom you can yield maximum benefit from. This is not using them; this is you being brainy enough to take an opportunity given to you. When are doing business remember; every penny counts and every small detail is important.