In the past, the role of the CFO was about ensuring accounting and reporting of past activities and booking transactions appropriately so they could report on what had transpired in the last period (month, quarter, year). Today’s CFOs are more focused on shaping a robust strategic and financial future than on accounting for what happened yesterday.
Month: September 2020
3 Steps Australian Manufacturers can Take to Secure their Industry’s Future Beyond COVID-19
Reading Time: 3 minutes
There is no denying that the Coronavirus pandemic is a disaster for global economies, but could it provide a silver lining for the manufacturing industry in Australia in terms of instigating a revival? Australian manufacturers have become aware of the need to urgently adjust their operational strategies and increase agility while maintaining continuity.
It may feel like steering into a storm, but there are three proactive steps that can be taken to ensure you can navigate safely through to calmer waters.
4 Steps South Africa Needs to Take to Succeed in Digital Transformation
As governments in Africa navigate their way through the uncertainty of COVID-19, the beneficial role that digitalization can play in economic growth, sustainability and social transformation on the continent have more significance than ever. Even though many industries and leaders have embarked on a digital transformation journey before the current crisis, at SYSPRO we have … Read more
4 Ways to Ensure your Quotation Process Leads to Profit Every Time
Reading Time: 3 minutes
Ways to Ensure your Quotation Process Leads to Profit Every Time
To ensure a healthy bottom line for your Metal Fabrication and Industrial Machinery business, the quotation process must be carefully managed at each step as margins are thin. You can’t afford to have internal operational inefficiencies on top of external competitive challenges. This means critical processes such as quoting, which are tightly integrated with most aspects of your manufacturing business and reflect its overall efficiency, must be sound.
What Leaders Need to Consider before Implementing ERP
Reading Time: 4 minutes
This year, the pandemic has really emphasized and accentuated the need for companies to critically look at business operations. Technology has been an essential component of the process, aiding the mobilization of the remote workforce, and increased collaboration.
Revelations for Manufacturers and Distributors as We Enter the Era of Invigoration
Reading Time: 4 minutes
The current economic climate is forcing businesses to think on their feet. Besides the requirement to respond to the needs of the pandemic, manufacturers and distributors have also needed to rethink business models to ensure long-term resilience.
Here is a list of learnings for manufacturers and distributors as we enter the era of invigoration:
8 Positive Technology Trends to Come out of COVID-19
Reading Time: 4 minutes
For decades the world has remained in a comfort zone. Business models have been largely ‘analog’ in nature – reliant on cash transactions, human contact, and centralized office spaces. As we enter the world of ‘digital’ brought on by the COVID-19 Pandemic, the adoption of new technologies will change the world as we know it.
5 Ways to Improve Procurement Performance
Reading Time: 5 minutes
I apologize for using the cliché ‘new normal’ but we really do have to accept that the practices and expectations of procurement in the modern enterprise have changed and may never be the same again. As a result of the disruptions caused by COVID, procurement is no longer a clerical and transactional role but needs to step up to show how it can be an important channel in dealing with customers and suppliers.
