Category Archives: General

10 Fundamental Steps of Every Successful Stocktaking Process

10 Fundamental Steps of Every Successful Stocktaking Process

Every business needs to maintain a perfect stock take in order to assess their standing in the market for their personal use and stakeholder viewing. It is a time-consuming process which runs risks of manual entry mistakes.

For a hassle-lite stock-taking experience, you should consider using a Stocktake App to help you do so. Stocktaking apps are very common now and vendors such as Orangekloud will help you solve your logistical issues with cutting edge mobile apps for your company. Visit their site today.

Next, read this article below by Dear Systems to know about the organized procedure you need to undergo so that the risk of failure can be minimized.

 

Ensuring a successful stocktaking process

Performing a complete stocktake once or twice a year is absolutely essential for maintaining healthy inventory levels and minimizing losses in retail and wholesale businesses (not to mention keeping the accountants happy). But they can definitely be time-consuming, energy-draining, and frustrating. Read more here

 

First you need to plan out the stock takes to lower the effect on day-to-day business operations first. You will need a schedule that fits your staff’s needs.  Then clean out and arrange the stockroom before beginning the stocktake procedure. A cluster free, spotless room will make it easy for everyone to work efficiently. The next step is to make sure you have the proper tools and equipment needed in order to avoid unnecessary delays. Some of the basic things you will need consist of a clipboard, stock sheets, pens, calculators and scanners. Feel free to add up to the list according to your way of management.

 

You need to make use only of recent inventory data as you will need an accurate estimate of the inventory you have on hand. Invoices must be taken into account.  You may notice that even if you employ all the given measures, you may still encounter some issues which may majorly occur because of human error.  Read this article below by Gemma Tomlinson to find out about the best way to counter it.

 

Using technology for stocktaking

Stock control technology will save you both time and money. It will keep track of the products you have in stock and the items you’ve ordered in from suppliers too. This means that you won’t need to do a stock-take every time you order new lines or sell high volumes of specific products. It can also help you save money, because you won’t waste any capital stocking up on slow-moving items. Read more here

Here are some benefits if you employ this strategy over manual labor; this method will save you both time and money. Every time you need to add on something, there will be an electric database which also allow for future changes.

1.      You can also get to know how much inventory you will need to have in order to meet the existing customer demand. This way you can deal with any shortages beforehand and thus avoid potential loss.

2.      Organization would become so much easier. You can also quickly get to know which are your best selling products so you can increase their production and keep your customers happy.

Emphasizing a bit more on tools for effective stocktaking, you must be aware of these amazing essentials that can make your work so much easier for you. In the article mentioned below by Amanda Layton you will come across some of the stocktake essentials you must know about;

Stocktake essentials- What are they and how important are they?

Stocktake doesn’t have to be a disorganized whirlwind of activity; there are a some great tools and equipment that can make your life a whole lot easier. If you’re running a small business, you may not have state of the art stocktake equipment, but don’t worry; all the things you need are available for hire, too. Read more here

1. PDA Stocktake Scanners; these are also known as portable data terminal. Apart from reading bar codes, they come in handy when capturing the location and date.  They take up a lot less time as they can easily replace three separate jobs.

2. Inventory Management Software is vital for an individual managing a retail business. They need software of this accord and something which offers features like real time data, label printing, planning and forecasting, cloud-based storage, integration with barcode scanners, complex reports and automated ordering.

3. Counting Scales will come in handy if you have a stock which comes in large quantities such as beads. It will probably take you forever to count them by hand. This software will easily take care of the counting if you have all of them on a single floor.

4. Forklift is usually adored by business owners managing a huge warehouse. As constant moving of objects is required, having a forklift on hand is an amazing idea, along with an experienced driver, of course.

To conclude, using stock-taking technology can help your efficiency and productivity go a long way. Current equipment such as forklifts or scanners are still important as they are the equipment on ground if your stock-taking technology runs into errors. Using these two together, you will be able to save time as compared to using only current equipment. Join the technology apps bandwagon today.

Importance of Bank Queue Management

The goal of bank queue system management goes much beyond of simply reducing the waiting time. There are several other benefits of a good queue management system spanning from service agents to customers and from bottom lines to managers.

Check out ATT Queue Solutions if you are looking for a queue solutions provider.

Here are some of the proven importance of a queue management technology.

1. Service efficiency gets improved

Several studies have shown that an effective queue management system can lead to a significant improvement in an organization’s service efficiency. Now this is attainable with a technology that allows the cashiers and the service agents to cater to a customer more easily and promptly. Higher service efficiency is also achieved by a smart queue management system that makes sure that a customer accesses the right service station on the basis of their preferred service. For example, a customer could be interested in new purchases, returns, opening a new account, availing a service or for conducting his regular transactions.

2. Impulse purchases can increase

A key benefit to a company’s bottom line is possible with the aid of a smart queue management system is to improve impulse sales. There can be as much as about 400 percent jump in the volume of impulse purchases while customers check out when i-line merchandising is combined with digital signage inside a store. It is possible to alter the digital messaging quickly and accommodating specific kinds of crowds is simply a child’s play.

3. Perceived waiting time in the queue can be lowered

As far as a queue management system is concerned, the perception of customers on how long they had to wait in the queue plays an important role. In fact, it is as critical as their actual waiting time in the queue. The perceived waiting time for the customer get reduced by up to 40 percent when queue management system such as digital signage is used in a store so that they can get distracted and or be engaged through attractive promotional and commercial messages. Just as a manager is benefited from data like service times and information about counts of customers, a customer also requires being well-equipped with certain information. Customers can be made happy with a text message that displays their expected waiting time in a queue, a printed ticket or digital signage.

4. Actual waiting time can come down

Many studies have proved that the average wait time of consumers have come down by about ten to thirty percent, courtesy queue management technology. It is possible for the managers to do a good job when they monitor queues and reallocate resources on the basis of immediate notifications of changes in the performance of a queue. Thus, a manager is capable of preventing a service disruption because of real-time management steps and predictive metrics. So, it is possible for a queue to operate in a more efficient manner, thus reducing the mean wait time.

How the military uses commercial technology?

Commercial Technology and the Military forces:

Technology has made its inroads into all sectors of life – from the personal to the professional. It has also been variedly used by the military sector of every country from a small to a large scale to enhance their systems. However, the clash between antiquated military research and fast growing commercial technology is most prominent in the advanced communication sector. But still the commercial off-the-shelf-technology when applied to military designs showcase serious drawbacks. The way military uses the growing commercial technology for their communication is a balancing act: it surely entails for lower development costs for the department of defence for any country. But also one must keep in mind that it is the same technology that is also being used by the terrorist forces. Thus, on one hand there is a sharp decrease in prices to develop these, there is also an increased chance of vulnerability.

One example is an Iris Recognition System. For a start,  Iris Recognition System ATT Systems provides one of the most comprehensive security options which you can count upon. Visit their site here today.

In spite of the increased alliance between military forces and commercial technology there are still increased differences between the two. In the communication sector, providing a robust communication system using cutting edge technology that can sustain in extreme climate change and can be exposed to radiations, survive in extreme conditions of rain and dust and still maintain the clauses of cyber security and data protection is indeed very difficult. To know more about these challenges you can always apply now to various websites that discuss such issues.

How the military uses commercial technology?

Military forces over the years have greatly harvested the commercial technological sector to reap great benefits. This has mainly been in the communications sector:

On field security: the military forces use advanced personal communication devices on field. This has increased the level of security that these devices need, leading to major technological innovations for personal communication devices. The system engineers study the on-field networks and develop the devices according. They do a bio monitoring themselves.

Digital transformation: the defence forces increased dependence on commercial technology being used for communication has led to some serious digital transformations. This has indeed led to the use of hundreds of sensors in a more effective way – the newsfeed from all these sensors are not needed. Hence they are designed in a manner that only a change or an anomaly is reported to the central system.

These are some of the ways in which military is using commercial technology.

In the military, internal security is also enhanced by having a iris recognition system in place for inhouse use .

Benefits of Cloud Storage

According to IBM Cloud, cloud storage enables users to upload data to a network of remote servers and access it using virtualization. So basically, cloud storage is an online space where you could store several data and today, we are going to talk about it more. We are going to discuss about the pros and cons of cloud storage, how it benefits business, and the importance and benefits of keeping data private.

One cloud storage vendor is Hitachi ICT. They identify and suggest opportunities for you to improve your business via cloud solutions, then supervise the migration with utmost care. If you are looking for private cloud storage, you should definitely check them out.

To start, Andrew Froehlich is going to give us six benefits of keeping a data private. Let us read below.

Cloud Vs. On-Premises: 6 Benefits Of Keeping Data Private

Major technology vendors, including Microsoft and Oracle, have stepped up their efforts in recent weeks to emphasize the benefits of storing data and running applications, platforms, and infrastructure in the cloud — whether public or private. But many IT leaders that I speak with in my work as a consultant remain caught in the debate over maintaining on-premises data centers versus moving to the cloud.

Even as Oracle CEO Larry Ellison came out as one of the cloud’s biggest cheerleaders during Oracle OpenWorld last month, Melissa English, president of the Oracle Applications User Group, noted that most users are going with a hybrid approach and keeping some functions on-premises.

There are at least six reasons we can think of where it would indeed be appropriate to avoid considering the use of a public cloud service, and instead, only store certain data in privately controlled data centers. These range from concerns about regulatory requirements, to issues with connectivity and speed — all of which are often outside the control of your organization and your cloud provider. Much depends on the type of data you need to store, and the mindset your organization has regarding cloud computing in general. Read more here.

As stated above, the six benefits of keeping data private involves regulations, security, visibility, accessibility, latency, and lack of trust. With all that, it now depends on you on how you are going to choose the right place to keep and store important data.

One of the online spaces where we could store important files and data is cloud storage. Web Hosting is going to tell us about the benefits of a cloud server storage in businesses.

How Cloud Server Storage Benefits Businesses

Businesses now collect, analyse and store more data than ever and this is set to increase exponentially as technology advances. One of the problems this creates is where to store the data. The question, of course, covers more than the simple need for storage space: it also means looking at accessibility, availability, security and recovery. For many organisations, the solution is cloud server storage and in this post, we’ll take a detailed look at what it is, how it works and the benefits it provides. We’ll also discuss some of the concerns it raises.

What is Cloud Server Storage?

Cloud server storage is where you save your data to a remote database and access it through an internet connection. The majority of those databases are hosted on servers managed by third-party providers. These are known as public clouds. Alternatively, you can host your own servers in a private cloud or even have a combination of both, in what is known as a hybrid cloud.

There are a wide range of cloud storage systems that most people are already familiar with: Google Drive, Microsoft OneDrive and Dropbox being three well-known examples of online storage used by the general public. Read more here.

The pieces of information mentioned above include what cloud storage is, how it works, the benefits we could have from it, and other concerns about it. Regarding the benefits, accessibility is one. This means that as long as you have an internet connection, then you can access the files anytime and anywhere. Now, Amy Pritchett is going to give us six pros and cons of cloud storage for business.

6 Pros and Cons of Cloud Storage for Business

With any kind of platform, there are pros and cons that should be considered in determining if cloud storage is the right match for your company’s IT infrastructure. See four advantages and disadvantages of cloud storage below.

Cloud: The Good

  1. Accessibility: Files in the cloud can be accessed from anywhere with an Internet connection. This allows you to move beyond time zone and geographic location issues.
  2. Cost savings:Cloud storage for your business will come at little or no cost for a small or medium-sized organisation. This will reduce your annual operating costs and even more savings because it does not depend on internal power to store information remotely.
  3. Disaster recovery: All businesses should invest in an emergency backup plan and cloud storage can be used like this by creating a second copy of important files. You can store these files at a remote location and they can be accessed through an internet connection.
  4. Scalability:With cloud storage, you only pay for the amount of storage you require. If your business experiences growth, then the cloud operator can help accommodate your corresponding growth in data storage needs. Read more here.

One of the advantages of cloud storage is disaster recovery. So in case that you lost a file, having a second copy in cloud storage would be a big help. Now for the disadvantages, we have to deal with possible attacks. Data would be saved online and it could be hacked anytime. Cloud storage could really be a big help in keeping and storing files and important data. However, we also have to be aware and prepared of its disadvantages and dangers.

What We Need To Know About Queue Management Systems

Restaurants, banks, supermarkets, grocery stores, theatres, cinemas – these are just some of the places where we usually experience a queue. We are truly lucky if there are a few people in the area because most of us really really really hate waiting especially if we are rushing. However we can’t really avoid it because these are public areas, but one thing that we could do about it is to have a proper queue management.  Queue management systems help speed up transactions by passing the main bulk of process back to customer, this not only ensure the security of the transaction but it also improves the customer experience and frees up more time for the business to focus on other operations. While such commercial queue solution that is available is by ATT systems, more information can be found on their product page here.

In an article by S-tech, we would be able to read about six benefits of intelligent queue management systems.

6 Benefits of Intelligent Queue Management systems

Perception is that Queue Management Systems only allow customers to take a ticket and wait for their turn instead of standing in line. If you thought so too then read on.

The first queue management system

When the founders of Qmatic sought to remove long lines in a restaurant, they invented a ticket number system. This system would simply print tickets with queue numbers. The numbers would be called at the counter and served. This is where the first Electronic Queue Management System was born in Sweden in the early 80’s.

Not a “take a ticket system” anymore

Queue Management Systems have evolved since the 80’s. They are being used not only to comfort customers but they help the organisation improve their service in many ways. Here are 6 benefits of an intelligent queue management system. Read more here.

One of the benefits given above is staff satisfaction. Queue management systems also makes staff’s job easier. They also wouldn’t have to worry about customers arguing about getting their turn first. With this, the staffs’ performance would be better and they would be more productive.

Oemkiosks will now give us four tips to improve the service quality through queue management systems.

4 Tips To Improve Service Quality Through Queue Management

What causes more frustration, waiting time or being in a long queue? In this article, we highlight 4 tips to improve the quality of your service, through the management of queues.

We believe that customer service is a crucial point for customer loyalty. There are those who argue that the most important thing is to reduce waiting time, but some people consider that the most important thing is not to create long waiting lists.

Waiting to have an answer or solving a problem, is a lot of effort. The consumer needs quick and effective responses.

When a customer comes across a long queue, he automatically starts calculating how long it will take before they can be served. This analysis of time can be fatal to sales and will have a huge impact on the overall analysis in service operation.

However, this sense of waiting can be “manipulated” and this experience can become more enjoyable. But how? Read more here.

Keeping the customer busy and entertained while waiting for their turn is one effective way of keeping your customers from getting bored and angry while waiting. Simply installing a television for your customers is enough to pass time.

Lydia Lam

Artbox Singapore moves 2 rows of shops, adds food queue system for crowd control

SINGAPORE – Artbox Singapore, which was criticised for severe overcrowding at its pop-up event last weekend, has moved two rows of shops to add room and set up gates for better crowd control.

The creative market’s official website partner ShopJJ told The Straits Times on Friday (April 21): “Gates have also been set up, likely for better crowd control.”

The hipster market, held at the Bayfront Event Space at Bayfront Avenue, will be open again this weekend from tonight (April 21) to April 23, from 3pm to 11pm.

Artbox Singapore, the local edition of Bangkok’s popular market, opened last Friday (April 14) for its first overseas installment. Read more here.

Artbox Singapore is one of the places which always get overcrowded and it is good that the management had actually done something about it. They have moved to rows of shop to give more room for the people to roam around. Also, their crowd control measures include a wireless paging system, which will inform visitors when their food is ready. These are just some of the ways we could manage queues. Establishments should think about these because their customers are really important and having a well-managed queue is a big impact for customers.

How does SAP B1 fit into the ERP system?

For any business, finances are integral to its survival and growth, and one cannot run a business properly if its finances are in trouble. From a traditional viewpoint, the net profit will help determine how much a company can grow. However, this viewpoint should be re-evaluated with the light of automation technologies available to businesses.

With automation technology, mundane processes can be cut down and done in much quicker time. Less staff is also needed, but a few staff should still be present to oversee the operations of the software use. One such software available is SAP B1 from Hitachi ICT, which automates many aspects of a business. Hitachi ICT SAP B1 includes Supply Chain Management, Customer Relationship Management, Business Intelligence, and many more. If you are interested, you should definitely check out their website above.

 

 

Hence, net profits alone cannot indicate accurately the potential a business can grow. The use of automation technologies can accelerate a business’s growth, and even help those in the red break out and reap profits.

Next, with new technologies to automate processes, it might be concluded that the accountants in the company are not needed anymore. However, this is not fully the case. While it is true fewer accountants are needed, some sensitive areas should not be left to automation technology, as they pass through third party vendors. If a business is conscious of sensitive details, accountants are still needed for the manual processing.

Also, systems do break down and some accountants should still be present to run the manual work if necessary.

Current accounting staff should also be trained on how to operate the automation technologies. This is also good for them as it moves them from traditional accounting to accounting in the modern era. This will be the new platform where accounting is done, and all traditional accountants should be acquainted with this.

 

Next, we will discuss more about SAP Accounting and ERP Software, for those who are not sure what they are.

SAP Accounting:

ERP accounting software suites are on the rise as they automate the finance management process of a business, the top twenty accounting software are: Intacct, Oracle, SAP, Traverse, LessAccounting, NetSuite, AccountEdge, Bill.com, FreeAgent, Microsoft Dynamics, Red Wing Software, Wave, Xero, FreshBooks, Sage, Quickbooks, CYMA.

SAP is the creator of many ERP accounting software suites, like SAP Business One and a sap partner company .

The SAP financial accounting software, SAP Business One has many modules that take care of the following functionalities:

Accounts Receivable

General Ledger Accounting

Accounts Payable

Bank Accounting

Asset Accounting

Travel Management

Internal Orders

Consolidation

Special Purpose Ledger

Cost Center Accounting

Profitability Analysis

Cost Element Accounting

Product Cost Controlling

Profit Center Accounting

These functions form the core of the financial management process. With these being taken care of, a company can smoothly function.

Any SAP accounting software is a solution to all problems of accounting and reporting. All functionalities can take place on a single platform. Some of the solutions provided by the accounting software are:

Record all financial processes in a ledger.

Support parallel accounting standards and multidimensional reporting is provided.

Integration of assets, payable, inventory, receivables is done to attain complete financial accounting.

Use of powerful management tool like profit centres, cost centres, projects and order.

A comprehensive solution is provided by providing a closure to automation, reporting, and audit support.

In conclusion, accounting softwares help to cut much of the menial tasks done by accountants. There is a wide range of technologies available for different business’ needs, and businesses need to look into what they require in their daily operations. While all processes can be automated, not all should be automated, especially in the matters of sensitive information.

Choose Your Next Operating System with POS for retail.

Every small or big store needs a good organizing system, in order to produce efficient and prosperous results. In this demanding market, where many stores gain the consumers preference, your store has to be well organized and friendly to the customers as well as the employees. The best retail POS in Singapore is here to make your life easier. Use this system to update the way you work and enter a new computing era. All of your competitors are definitely upgrading their systems, so why left behind? This amazing tool will completely change the way you do your everyday tasks.

Minimize Your Work Load

For every store manager or owner, there are countless things he must do on a daily basis. Among them, he must always know the amount as well as the specific type of products that he has available in the shelves or in stock. Without a valid POS, the work load will be dramatically increased and perhaps even reach the point where more and more mistakes occur every day. This high-tech operation is here to make you more efficient in your work, by taking some of your responsibilities away. You can now have in your hand, all of the information needed to manage your store successfully.

Reduce the Manpower Costs

Having regular checks on your stock supplies means additional working hours, and therefore additional costs for the stores operation. POS systems can truly make a difference in that. Since you will be able to keep track of all your available products at all times, you can reduce the costs of the operation by far. This way, your store can make larger profits; will maintaining an actually better computing system. This POS will make you and your employees work less while having a clearer idea of your stores needs and abilities. This system keeps a history list with all the information you dont want to miss, from your former retail needs, all the way to your customers preferences and personal information.

A self service kiosk can help to reduce required manpower for customer service in this case.

All the Information in One Place

Instead of keeping many different lists with necessary information, or even worse, losing them at some point, this POS can store everything for you. All the purchasing activity is already there, without having to insert it manually. Learn all about your incoming and out coming purchases, by pressing few buttons. Track all of the inventory movements without having to check manually on your own, or placing a single employee for this task. In addition, POS for retail can offer you some real-time reports so that you dont miss any piece of information.

Run your own reports and statistics and learn all about your businesss needs in one move. Who needs complex computing and marketing companies when you can run your whole store from the simplicity of a single device? Learn easily how to use this retail POS and thrive in the professional field.