In June 2015, Donald Trump, then the Republican frontrunner, threatened to slap a 35% tariff on Ford’s cars and trucks made in Mexico if the automaker went ahead with plans to move its production of small cars from the US to Mexico. The feud between Mr. Trump and Ford was a highlight of his repeated pledges to bring manufacturing jobs back to the US. Mr. Trump also made it very clear that he opposes free trade agreements like TPP (Trans-Pacific Partnership) and will renegotiate NAFTA (the North American Free Trade Agreement).
APS (advanced planning and scheduling) is an advanced manufacturing management system that allocates raw materials and production capacity optimally in order to balance demand and capacity constraints. It represents a revolution compared to traditional planning systems, most notably MRP (manufacturing resource planning), which is also the grandfather of ERP.
Most luxury consumers, regardless of age, enjoy shopping across channels – digital and physical. And 50% of luxury sales are from omnichannel shopping. These are among the key findings of a recent study by the consulting firm The Boston Consulting Group (BCG).
The importance of revenue optimisation or revenue management in the hotel industry cannot be overstated due to its critical importance to the Hotel bottom line. Basically, revenue optimisation is being able to sell the right room to the right guest, at the right price and at the right time. It requires plenty of actionable information in a timely manner, which is so often unattainable.
These are the lifestyle trends that will be shaping the hospitality industry in the next 12 months, according to Muriel Muirden, a renowned hotel designer and trend forecaster.
A global survey by EY, which gathered data from 1,000 finance executives in businesses with revenue greater than US$500 million, finds that the level of CFO’s confidence in their corporate reporting is significantly lower than last year.
The large number of ERP vendors in the market can be categorised using the tiers system. Tier 1 vendors are the giants that, together, hold the lion’s share of the global ERP market.
In the past, large ERP providers tended to offer extensive “one-size-fits-all” products to very broad horizontal market segments. One solution was offered to different prospects in different industries. Only small providers focused on vertical markets, i.e., specific industries.
Highly capable ERP systems but are too complex for ordinary users to adopt would hinder your chance to realise its full potential. Many, if not most, of your ERP system’s users may not have in-depth technical skills. So it is crucial that the software is easy to use and friendly to business users.
ERP systems continue to evolve in order to adapt to the rapidly changing business environments. The rapid pace of change will only accelerate the adoption of newer, more advanced ERP systems.