Mon.Feb 26, 2024

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6 Ways ERP Production Planning Helps Manufacturers

Navigator SAP

Few areas impact a manufacturer more than efficient production planning, and few tools are better for production planning than an enterprise resource planning solution (ERP). Manufacturers that use an ERP for industrial manufacturing can precisely analyze and juggle the variables that go into efficient production planning, and ERP for industrial product manufacturing is a cornerstone technology for a lean manufacturing methodology.

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AI, employee balance key to driving tech strategy: IMA

CFO Dive

Treating AI like a new colleague, rather than a replacement for employees, can help CFOs more seamlessly incorporate the technology.

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Why Growth-Focused Manufacturers Need an Industrial Manufacturing ERP Solution

Navigator SAP

No manufacturer has a zero-growth strategy. But homegrown or outdated technology can make a manufacturing business look like it is slumping toward a no-growth goal. The difference between a growing manufacturing operation and a stagnant one often comes down to inadequate technology that was not built for the pace and needs of the marketplace today. Manufacturers that want to improve performance and growth should be looking at modern product manufacturing ERP solutions such as SAP S/4HANA Cloud P

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Economists predict 2.2% GDP growth, outstripping prior 2024 forecast: NABE

CFO Dive

Data on the job market, and consumer and producer prices, suggest the Fed may need to keep the main interest rate at a 40-year high longer than markets anticipated.

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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

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Material Resource Planning and Its Role in Manufacturing

Navigator SAP

Industrial and manufacturing solutions have significantly evolved over the years as computers have become more powerful and manufacturing efficiency has gone from a competitive advantage to table stakes. Manufacturers now use a manufacturing execution system in resource planning and execution (MES), a material resource planning system (MRP) for preparing a batch manufacturing record, and an enterprise resource planning solution (ERP) for tying it all together.

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What is a Manufacturing Execution System?

Navigator SAP

A key component of lean manufacturing methodology is using a manufacturing execution system for monitoring, tracking and controlling the manufacturing process. Although this isn’t the only manufacturing resource planning method that businesses lean on, it is a key industrial manufacturing solution that plays an important role within an overall lean manufacturing methodology strategy.

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MGM Resorts’ cyberattack headache continues as regulators launch investigations

CFO Dive

The company said it could face fines in connection with regulatory inquiries stemming from the social engineering attack.

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Preparing for the next step: is your company ready for an IPO?

Future CFO

For many entrepreneurs, an initial public offering (IPO) represents a significant milestone or growth opportunity. The potential rewards can be substantial. However, navigating the path to an IPO can be complex and demanding, requiring significant planning and preparation. Undoubtedly, it is crucial for any company considering an IPO to thoroughly prepare before embarking on such a significant endeavor.

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Let’s check in on the I Bond’s next fixed rate

Tips Watch

By David Enna, Tipswatch.com Earlier this year, I think most I Bond investors were assuming that the I Bond’s next fixed rate would end up being lower than the current 1.30%, the highest fixed rate since November 2006.

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How to Build the Ideal HR Team

HR doesn’t exist in a vacuum. This work impacts everyone: from the C-Suite to your newest hire. It also drives results. Learn how to make it all happen in Paycor’s latest guide.

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KPIs To Track Your Advisor Marketing And Figure Out What’s Actually Working (Or Not)

Nerd's Eye View

In the early days of the financial advice industry, an advisor's options for generating new business were somewhat limited. Cold calls, country club memberships, Chamber of Commerce networking, and referrals (from clients or centers of influence) were staples for growth, and determining how successful those sales-centric efforts were was rather straightforward.

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IOC scraps maiden green hydrogen tender after bidders cry foul, move court

CFO News

Industry players cited tender document skewed in favour of IOC’s JV with L&T & Renew Power; 50 prospective bidders participated in pre-bid meet but eventually opted out, only 1 bid submit by IOC’s JV co. In a cancellation corrigendum issued on February 21, IOCL said, the tender stands cancelled. The company did not reply to an email sent till press time.

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Gartner: Staff technology acceptance reduces error rates

Future CFO

Acceptance of new technology among accounting staff within organisations dramatically reduces error rates, according to Gartner Inc. This observation follows Gartner's recent survey which found that 18% of accountants make financial errors at least daily, and a third commit at least a few financial errors every week. Further, 59% were revealed to have been making several errors per month.

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MEP Infra seeks shareholder nod to rope in new investor

CFO News

Managing director Jayant Mhaiskar said the company will issue shares to Nagpur-based Ashmi Road Carriers (ARCPL) after approval from shareholders. "We have done our checks with regard to PPIRP and we qualify for the same. Separately, we are also talking to banks to restructure our loans in our operating company, MEP Infrastructure Private Limited (MIPL) by infusing ₹125 crore," he said.

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Planning Your Restaurant's Path to Profitability

Speaker: James Kahler, COO of Full Course

Ever wondered where to splurge and where to safely conserve when it comes to operating and growing your restaurant? 🤔 Join James Kahler, COO of Full Course and industry visionary, in this new webinar where he'll talk all about best practices to invest in your restaurant's success! Whether you're a new business or an established restaurant, a seasoned pro or a rookie, you'll learn the keys to sustainable success in this competitive industry.

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Cost volume profit analysis (CVP): everything you need to know

Cube Software

What is cost volume profit analysis? Cost volume profit (CVP) analysis is a fundamental pillar of financial management, offering valuable insights into the impact of variations in costs, sales volume, and pricing on profitability.

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MCA seeks fast submission of inspection report on Byju’s; company says 'complied with' govt directions

CFO News

The Ministry of Corporate Affairs (MCA) has requested a swift investigation into potential corporate governance issues at Byju's and will determine whether to involve the Serious Fraud Investigation Office or the National Financial Reporting Authority based on the findings. Byju's has faced scrutiny after the resignation of directors and auditors over delays in financial results.

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The Importance of Cash Flow Management for Small Businesses

CFO Network

In small businesses, success often hinges on a delicate balancing act. Entrepreneurs constantly juggle various aspects of their operations, from managing customers and employees to dealing with suppliers and vendors. Amidst this whirlwind, one critical element that can make or break a small business is often overlooked – cash flow management. In this article, we’ll dive into the significance of cash flow management for small businesses and provide valuable tips and strategies to master thi

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WTO backs India's pitch to cut remittance cost

CFO News

Separately, Indonesia has backed New Delhi's proposal to reinvigorate the work under the Work Programme on Electronic Commerce, which requires structured discussion on trade-related issues over global e-commerce, taking into account the economic, financial and development needs of developing countries.

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How Automation is Driving Efficiency Through the Last Mile of Reporting

Speaker: Jamie Eagan

As organizations strive for agility and efficiency, it's imperative for finance leaders to embrace innovative technologies and redefine traditional processes. Join us as we explore the pivotal role of digitalization and automation in reshaping what is commonly referred to as the “last mile of reporting”. We’ll deep-dive into why digitalization is no longer a choice, but a necessity for finance departments to stay competitive in a fast-paced environment touching on: 2024 trends for the Office of

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BSNL mulls network upgrade, rationalisation of staff costs to compete with private players

CFO News

The government is considering measures like network upgradation, employee cost rationalisation, and sales enhancement to improve BSNL's operational efficiencies. BSNL needs to reduce manpower costs and benchmark employee expenses with other telecom operators to compete effectively. However, the company is yet to start 4G services and is losing subscribers to rivals that have almost completed their 5G rollouts.

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Consumer goods companies set to raise prices by 2-4% in 2024

CFO News

Companies such as Godrej Consumer Products, Dabur and Emami said price-led growth will be back for the industry. India's largest FMCG firm Hindustan Unilever (HUL) too expects some improvement. Dabur said it has increased prices by 2.5% across its food portfolio, while Emami said it is looking at around 3% price hikes this year.

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Coca-Cola brass to visit India this week with a 200-member team

CFO News

Coca-Cola CEO James Quincey and a team of executives are visiting India to explore growth opportunities. They will meet government officials, bottling partners, and discuss concerns about taxation under the GST regime. India and Brazil led growth in developing and emerging markets. Coca-Cola India's consolidated profit increased 57% to Rs 722 crore in FY23, and revenue from operations climbed 45% to Rs 4,521 crore.

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Government's dividend income from RBI in FY25 to be similar to FY24, source says

CFO News

RBI dividend: The Indian government expects dividend income from the Reserve Bank of India to remain consistent with last year. A surplus of Rs 87,416 crore was transferred to the government for fiscal year 2022/23, with a projected surplus transfer of Rs 1.02 lakh crore for fiscal year 2025. The government will review its borrowing requirements to potentially reduce them.

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Accounting Software and ERP Readiness Guide

In this white paper, we explore the factors to consider in deciding whether the time is right for your Company to consider a new ERP or accounting software, the total cost of ownership and plans necessary to make the potential leap to these systems.

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Vijay Shekhar Sharma resigns from Paytm Payments Bank board

CFO News

Vijay Shekhar Sharma will be stepping down as the part-time non-executive chairman and board member of Paytm Payments Bank. Further, Paytm Payments Bank will opt for a board with only independent and executive directors.

Banking 52
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Govt spent 80% of revised FY24 capex outlay

CFO News

The official said the collections under various small savings scheme remain healthy this fiscal and will be in sync with the revised estimate. The net mop-up for senior citizens breached ₹90,000 crore as of end-January this fiscal, way above that of ₹37,362 crore in the whole of FY23. The surge is mainly driven by the 2023 Budget move to double the deposit limit under the scheme to₹30 lakh.

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RBI imposes nearly Rs 3 crore fine on SBI, Canara Bank, and City Union Bank

CFO News

The Reserve Bank of India (RBI) has imposed penalties totaling almost Rs 3 crore on State Bank of India, Canara Bank, City Union Bank, and Ocean Capital Market Ltd for violating regulatory norms.

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India gains with a digital services tax

CFO News

The moratorium has served its purpose of keeping trade in digital services free without extensive rules over fair play. These rules are unlikely to be codified as long as the tax waiver remains in place. New Delhi has a strong case at Abu Dhabi 13th Ministerial Conference in seeking to sort digital services on a merit scale. Should games receive the same tax treatment as biomedical research?

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Recruit and Retain New Blue-Collar Talent

Blue-collar jobs have a branding problem. One company, GEON, partnered with Paycor to find the solution. Learn how to attract, engage, and retain blue-collar employees, helping them build meaningful careers – and support your company’s goals.