Six Sigma is a well known quality management technique to control the defects arising from various processes in an organization, producing an efficiency of 99.9997% ("perfect"). Six Sigma actually stands six standard deviations (or sigma) from the mean. Six Sigma focuses on reducing process variation and improving process control. The basic aim of this approach is to reach for a situation that can be termed as "perfect".
byCarsten HowitzJul 21
byCarsten HowitzJul 17
Allow me to introduce "ABC Distribution" a startup company that purchases goods overseas and distributes their products to retailers in the U.S. ABC has already secured a few customers and some good vendor contacts overseas. They are ready to start their business and grow fast! They start by purchasing a cheap entry-level accounting solution to get started. Now they can do all their purchasing and billing in one system. ABC is doing great, for now!
byJohn StevensJul 16
What is business intelligence? In today's marketplace of trendy buzzwords and flashy slogans, business intelligence (BI) has come to mean a variety of things ranging from software tools to data analysis techniques. However, at its core, business intelligence aims at enabling businesses to make better business decisions from the data they possess. In the world of software, a BI solution is often appropriately referred to as a decision support system as that is exactly what business intelligence aims to accomplish.
byCarsten HowitzJul 15
As a manufacturer or distributor, you always want to keep your inventory as low as possible but at the same time be able to supply the current demand. In order to do that, you want to make sure you don't run out of stock, but you do not want to hold unnecessary inventory that eats up your cash flow and takes up space inside your warehouse. The question most companies are asking themselves is: How much should I order to minimize my cost of carrying the inventory and minimizing the cost to order the inventory. In order to make this determination, Economic Order Quantity (EOQ) comes into place.
byJohn StevensJul 14
Looking for a reason to buy Microsoft Dynamics NAV? Well here's ten!
byCarsten HowitzJul 14
Software-as-a-service or SaaS is a convenient way of outsourcing some or all of your IT infrastructure where someone else will host your software and you basically rent it on a monthly basis. If you like to know more about SaaS please refer to my article "What is Cloud Computing and How Can You Benefit From It?"
byCarsten HowitzJul 10
Let me introduce you to ABC Distributors, a fictitious distribution company. They are currently using QuickBooks that has served them well for many years, but they have out grown the software and are now looking for a new ERP software package that will allow them to grow with the software in the future.
byCarsten HowitzJul 09
Cloud Computing refers to a new delivery model for IT services on the Internet rather than accessing your own servers or mainframe computer located in your place of business. The term "cloud" is used as a metaphor for the Internet, based on the drawing usually used to symbolize the internet (a cloud).
byCarsten HowitzJul 08
This knowledge area is primarily concerned with resources, activites, and scheduling. As project managers, we always want to be in control of the schedule and not the other way around. Using the scope baseline, we build the schedule from the ground up. The key input to the knowledge area is the Work Breakdown Structure or WBS. There are six processes in this knowledge area. Five of these are in the planning process group and one is in the monitoring and control group.
byCarsten HowitzJul 07
Do you have salespeople that are building quotes containing many different options in the finished products? Are you often building custom products that require unique bill of materials (BOM's)? Do you want to control and limit your salesperson's ability to make the wrong decisions in the quoting proccess? If you can answer yes to any of the above questions you might need to consider getting a software configurator to help you.