In order to implement such system the company must use automatic transfer system by using automatic conveyor system. This system can reduce space required during offloading. Warehouse companies are often in a dilemma of implementing automation in various sections or in warehouse in general. Below is a guideline that helps in rationalizing the investment:- • What is customer requirement? (Efficiency, Accuracy or
But how does a company decide that outsourcing logistics is the right choice for its operations? This article covers some common factors that can motivate companies to consider outsourcing some or all of their logistics. Necessity of saving / reducing costs_ Saving costs becomes more than a simple strategic goal; it is a competitive necessity for many companies. The impact of transportation costs on most firms has been often considered as a sunk cost. Paradoxically, it is a priority for more CFOs and CEOs today to target these costs for important savings.
This is especially true for retail businesses. In case of manufacturing firm it is more economical to locate near to the source of raw material. This results in low transportation cost. If the output of the firms is more expensive to transport than its input, it is a bulk decreasing industry and is more likely to locate near to the
Supply chain activities transform resources, raw materials and components into finished products and services that are delivered to the customers. According to Chapman (2011) supply chain involves an organization outsourcing a number of activities involving operations and support services that are deemed not core to the business to an outside company. These ranges from transportation services, cleaning services, communications and manufacturing and might occur in different parts of the world. Experience has shown that managing the supply chain in an increasingly global competitive environment has proven to be quiet challenging due to uncertainties in supply and demand, globalization of the market place, rapid changes in technology to name but a few. These have resulted in higher exposure of risk in the supply chain
QR code readers, smart phones, high prices for small companies to manage inventory to prevent the use of custom hardware. Inventory management software is not necessarily simple or easy to learn. With the new system, both software and hardware, including the company's management team, to put it to use, time should be devoted to a study. Inventory management software, training manuals and other information is available to users include many items. Despite its apparent complexity, inventory management software gives companies the stability degree.
This is because if they decide to use database they have to learn many thing as database is quite complicated to use compare spreadsheet. However, if we looking in the long-run it is better for the company or individual to use database as the number of information is getting more and more every moments. So, the best solution is we have to use database system as database can stored many information and we also can easily tracked our information compare to spreadsheet. There are several advantages that database has over spreadsheet; 1. Integration data The data quality checks of database is better compare to spreadsheet because by using database it allow us to set the certain variable and we also can check and track the information that have been duplicated by others.
Superior quality of building, low cost & short time, these are prime demands of society. In terms of economics, buildings are good example of long lasting & large investment. Generally, initial construction cost is the prime cost factor in construction industry. Initial constriction cost is tried to minimize as low as possible, but minimization of initial cost does not necessarily be the best solution. Since higher initial cost might decrease total life cycle cost.
In a manufactur¬ing company, examples of organisational cost drivers are: Preferring a limited number of suppliers. This may be useful in ensuring proper supplies in proper quantities at proper time Authorising employees to make decisions and giving them cost and other data.This will make employees customer-oriented, reduce costs and improve decision speed. Production Workers, for example, may take steps to reduce manufacturing costs and defects and spoilage Deciding components of a product to fit them in the most correct
Businesses have to record numerous numbers of transactions in each business day; a small mistake can leads to a fatal error in financial results. Accounting software can reduce such problems and also may provide more accurate results. Moreover, online software is much faster and also contains lots of information for long time. As all calculations done automatically by software it save valuable time and also increase efficiency. Consequently overall productivity may increase.
Changing to ERP, will make changes at all levels in the organization, will affect the behavior of the company towards customers, vendors, auditors and Governmental authorities from external perspective, and will affect the behavior of the company towards Management, stockholder and employees from internal perspective. ERP implementation needs huge resources (money, time, and effort); all of these reasons together illustrate the necessity for a deep study for the factors that lead to the success of the implementation process. 1.3. Study questions 1) Was the ERP in this study implemented successfully in the companies that adopted it? 2) Do managerial factors have impact on ERP implementation?