When developing a lean data management approach, choosing the right initiatives like prioritizing inventory, determining relevant items to manage your data, and how quickly the process needs to be will help create effective data management solutions.
A properly defined Chart of Accounts (CoA) establishes a robust framework for business management. If you consider the CoA as an enterprise asset, processes need to be implemented to properly protect and manage your business data. Winshuttle’s flexible platform for implementing master data governance is the quickest path to improve SAP finance master records.
Businesses who have manual processes and don’t utilize standardized ways of processing create friction in the end-to-end process. Friction between a business and its business partners will constrain that business from functioning at its full potential. Companies can improve efficiency of their financial supply chain by giving finance departments improved controls by automating existing document-based processes.
Late in 2013, an article surfaced through the wires citing that time wasted by office workers hunting for lost documents cost British businesses a staggering £15 billion a year. The survey of over 1,000 desk-based office workers found that more than two-thirds of them spent up to an hour a day hunting for missing documents. The research by infoMENTUM was carried out by independent research agency Censuswide. Up to £15 billion wasted annually in the UK looking for ‘lost’ documents at work Almost one fifth of workers were described as having failed to find what they were looking for and then used… Read more »
Big Data analysis to find out how successful companies in the Footwear & Apparel industry optimize product creation and sales distribution business processes in order to accelerate time-to-market.
My colleague Kristian Kalsing wrote a blog in 2013 that used the analogue of buses and trains to describe the challenge of moving people around. In the context of moving data around the organization, I thought I would extend that concept further to embrace the ideas around trucks, trains and simply delivering things. If you’re responsible for shipping and logistics, you are typically responsible for planning and extending transportation services for goods haulage. Planners in large organizations frequently face the problem of having millions of items of all shapes and sizes that need to be shipped from one or more locations… Read more »
We all have experience interacting with forms on the web. On-line purchases, web registrations and subscriptions and travel bookings are among the many ways we daily interact with companies in our connected lives. The experience can be a pleasant one – quick and efficient, or it can be frustrating experience. Much of this depends on the design of the form presented to us. This article intends to shed some light on what constitutes good vs bad design. Here are some of my personal likes and dislikes from experiences with web-based applications: The form is responsive: Reaction to invalid input should… Read more »
“If you want simplicity in your use of ERP, it requires collaboration” This may sound somewhat of a trite statement, but you would be surprised to know just how many tasks and processes in any given organization don’t involve multiple participants. One of the reasons why bad data gets created and processes break down is because the processes are not engineered from the bottom up with collaboration, oversight, multi-participant contribution and review as an integral component. Many organizations recognize workflow and workflow-bound processes as being valuable, but many also see workflow-bound tasks as a function of a lack of trust… Read more »
Applying lean techniques, or more specifically continuous improvement, is a long-term approach to work that systematically seeks to keep the value and reduce the waste of processes with small, incremental changes in order to improve efficiency and quality. Lean techniques can be applied to any kind of work, but it is perhaps best known for lean manufacturing. The challenge that most companies face is how to correctly prioritize and scope the improvements to be covered. To be successful, companies need to remember that planning and analysis of the improvements are key. After all of the possible improvements have been identified… Read more »
Manual entries of any sort are often a source of concern, error and inefficiency and certainly they should be eliminated if possible, but under certain circumstances the creation of a manual journal is simply a necessity.