Innovation is critical to the manufacturing industry. But how does an idea evolve from inspiration to execution? Sometimes it’s a mystery, sometimes pure luck—and sometimes an idea comes to fruition via a carefully orchestrated process with many individuals participating, each person playing a vital role. What can you do to create an environment that’s conducive to creative thinking and encourages your people to act on those ideas?
Recent TRG blog posts
How to Encourage and Nurture Innovation in Manufacturing
Posted by Ho Nguyen on Sat, Aug 25, 2018
Blog Topics: Technology trends, Enterprise Resource Planning ERP
What are Collaborative Robots (Cobots) and Why are They the Future?
Posted by Ho Nguyen on Fri, Aug 24, 2018
A collaborative robot (cobot or co-bot) is a robot designed to work alongside human workers in a shared workspace. On the contrary, industrial robots typically operate autonomously and with little physical interaction with humans. The role of cobots in the Industry 4.0 will only get bigger.
Blog Topics: Technology trends, Enterprise Resource Planning ERP
Why An Effective Talent Strategy Should Include Inbound Recruiting
Posted by Khoa Tran on Fri, Aug 24, 2018
“Inbound strategy” is a terminology mostly used in Marketing. It is the process of acquiring new customers organically through a combination of blogs, SEO, social media, and other content marketing strategies. Based on that concept, Inbound Recruiting requires the recruiters to generate attractive content and strategically publish them on various recruiting platforms to entice the candidates’ attention. These are the reasons why the recruiters used Inbound Recruiting as an effective recruitment tool.
Blog Topics: Talent Management
Asia-Pacific Manufacturers Spending Big on Robots
Posted by Ho Nguyen on Thu, Aug 23, 2018
The APEJ region (Asia Pacific excluding Japan) is expected to spend US$125.4 billion on robotics in 2022, tripling the spending in 2017, with a compound annual growth rate (CAGR) of 25.7 per cent from 2018 through 2022. APEJ is currently the largest robotics market and poised to account for more than 62 per cent of the global robotics spending in 2022, according to the research firm IDC.
Blog Topics: Technology trends, Enterprise Resource Planning ERP
Manufacturers are Embracing Innovation and Here's Why
Posted by Ho Nguyen on Thu, Aug 23, 2018
Innovation is a central component of the manufacturing industry. It can take many forms and address many functions. It can be a simple tactic for improving shop floor operations. It can be a concept for a new type of product or service. It can be a revolutionary approach that completely disrupts the way you do business.
Blog Topics: Technology trends, Enterprise Resource Planning ERP
Psychometric Assessments: What Are They & Why Are They Important?
Posted by Khoa Tran on Wed, Aug 22, 2018
Psychometric assessments are used to evaluate the candidates’ skills, personalities, attitudes, and knowledge. They typically contain multiple choices to save time for both the recruiters and the candidates. This type of assessment is sometimes performance-based and evaluates likability where the candidates need to solve different kinds of numerical, graphical, and verbal problems.
Blog Topics: Talent Management
Entry-level Recruitment: Best Practices (Part 2)
Posted by Khoa Tran on Wed, Aug 22, 2018
Entry-level recruitment, though brings tremendous benefits, the process still presents some unique challenges. Some of the most common entry-level recruitment challenges facing companies today are the lack of qualified candidates, high turnover rate, and generational differences in the workplace.
Blog Topics: Talent Management
Must-have Qualities of Hotel Accounting Information
Posted by Thai Pham on Mon, Aug 20, 2018
In today’s modern business environment, accounting is not solely about getting the numbers right anymore. It is how the data generated from accounting can contribute to decision-making, and thus drive growth. The same applies to accounting for hotels.
Blog Topics: Hospitality solutions, Financial Accounting Management Software
What is Predictive Maintenance (PdM)? Its Pros and Cons
Posted by Ho Nguyen on Sun, Aug 19, 2018
For manufacturers, one of the top priorities is to maximise the machinery life cycle. As sudden machinery breakdowns can lead to downtime and expensive reparation. Consequently, manufacturing businesses have to look for a solution to reduce the maintenance cost and increase the equipment uptime and availability.
Blog Topics: Technology trends, Enterprise Resource Planning ERP
Revamping Financial Analysis to Gain Business Insight
Posted by Rick Yvanovich on Sun, Aug 19, 2018
Financial analysis dates back centuries, at least to the codification of double-entry bookkeeping in the 15th century. The analysis of balance sheets and income statements has long served as the basis of credit and lending decisions.
The discipline of management accounting developed in the early 20th century as a way of using accounting data to keep corporate executives and managers informed about what happened or is happening and why.
Blog Topics: Financial consolidation, planning and reporting, Financial Accounting Management Software