Allow me to introduce “ABC Distribution” a startup company that purchase goods overseas and distributes their products to retailers in the US. 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 [...]
Considering looking into PMP? Skeptical of certifications? Well, let me share with you my recent experience with PMP. I have always been very skeptical about certifications in general knowledge areas. I know in technical applications, certifications can truly ensure that the person being certified knows the application. However, for a general knowledge area, I have [...]
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). In a traditional [...]
Three-tier or multi-tier architecture are often used when describing how clients connect to servers. But what does it all mean and do you need to make any changes to your existing infrastructure? Let me try to explain this in non-technical terms (or as close to it I can get). 1-Tier Architecture We all know software [...]
As a manufacturer or distributor you always want to keep your inventory as low as possible and 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 and also not hold unnecessary inventory that eats up your cash [...]
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 (BOMs)? Do you want to control and limit your salespersons ability to make the wrong decisions in the quoting process? If you can answer yes to any [...]
What is Six Sigma? 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 for six standard deviations (or sigma) from the mean. The philosophical idea behind Six Sigma is that all the systems are seen [...]
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 [...]
We often get a lot of questions from customers when we include project management for our projects. They usually ask us “Is it necessary? Why do I need it?” and we find that most customers think project management is “just emails and a little bit of change control”. But actually, there is much more to [...]
Cash Basis and Accrual Basis differ in the manner in which they deal with the issue of when to recognize revenues and expenses. The Cash Basis focus is, as its name implies, on the flow of cash. That is to say, whenever cash is collected, revenue is recognized as having been earned. A similar basis [...]
