The document discusses Summit Electric Supply, a wholesale distributor of industrial electrical equipment. It outlines problems with Summit's old, separate legacy systems including an inability to handle growth, limited reporting capabilities, and manual processes. Summit implemented a new SAP ERP system to address these issues. The ERP system improved operational efficiency through features like real-time inventory updates, enhanced supply chain management, and business intelligence reporting. It also benefited customers by better accommodating large job sites and ensuring reliable product availability. Chargeback processes were automated, increasing claims by 118%. In summary, the ERP system modernized Summit's operations and positioned it for continued expansion.
Unless vendor and customer do not work conjointly with each
For implementing an ERP system successfully, the vendor and the customers are jointly involved. The vendor ensures that the ERP system implemented has all the fixes for the business
complexities that the customer faces, whereas the customer co-operates and supports the technical changes brought into the business process. Want to know what are the responsibilities that both of them carry, then check out the presentation or click to know more https://www.batchmaster.co.in/services/erp-implementation.aspx
Companies that optimize their inventory reduce inventory items and stock levels, avoid associated carrying costs and obsolescence write-downs. Want to know the best practices to optimize your inventory, check the presentation-
Why to strangle your business and increase complexities by using primitive business methods? Rather go for implementing an effective tool – ERP in your business and overcome the barriers of growth. Read on to discover the top signs that your business needs an ERP system. This guide will help you to analyze the pain points that your business has and how can they be resolved.
What is an ERP system? This guide explains what an ERP system is and how it works for your business.
Two primary concerns of any business are efficiency and profitability. This is basically what an ERP system is designed to optimize.
An ERP system allows you to perform the necessary money-making processes of your business as efficiently as possible.
To achieve a level of efficiency and profitability, a business aims to maximize it’s bottom line while keeping overhead costs low.
An ERP system provides a business with management software that fosters productivity.
The term “ERP” stands for Enterprise Resource Planning.
Basically, an ERP system is a shared database that reflects the moving parts of a company. This provides a much broader, top-down perspective of your business.
Installing an ERP system will grant you a much fuller picture of what is actually going on, in any given period of time.
Some processes in which you can gain some business insights include: sales, human resources, inventory, purchasing, finances, online ordering and many more buckets.
The main objective of an ERP system is to improve how your business resources are spent, and that means money and time. By taking a wide-view, and analyzing every aspect of your business, you will be able to decide if you are properly deploying your resources in a way that will drive maximum profitability.
Replacing obsolete ERP software systems with GenioRicardo Marques
Quidgest Genio - an alternative for UPTO "Update Platform technologically obsolete" whatever old ERP, SCM, DMS, or legacy application you may have in-house
Enterprise Resource Planning (ERP) solution isn’t a new concept anymore. It’s a reality, its advancing way beyond imaginations. ERP is here to stay long, by offering improved process automation and enhanced security features. More and more companies of all sizes are turning to implementations of intelligent ERPs with latest
ERP is an acronym for Enterprise Resource Planning, but even its full name doesn't shed much light on what ERP is or what it does. For that, you need to take a step back and think about all of the various processes that are essential to running a business, including inventory and order management, accounting, human resources, customer relationship management (CRM), and beyond. At its most basic level, ERP software integrates these various functions into one complete system to streamline processes and information across the entire organization.
The central feature of all ERP systems is a shared database that supports multiple functions used by different business units. In practice, this means that employees in different divisions—for example, accounting and sales—can rely on the same information for their specific needs.
This presentation was initially given at a Chartered Institute of Logistics and Transport (CILT) Seminar and discusses when and how it\'s correct to introduce automation to a warehouse or distribution centre.
How Voice, Scanning and Automation Improve Distribution/Fulfillment OperationsJohn Schriefer
Regardless of your current warehouse management system, new market and operational changes require new approaches to improve fulfillment center operations. This presentation uses two examples to illustrate how mobile applications and warehouse automation solve shop-floor execution challenges without changing back-end systems.
Unless vendor and customer do not work conjointly with each
For implementing an ERP system successfully, the vendor and the customers are jointly involved. The vendor ensures that the ERP system implemented has all the fixes for the business
complexities that the customer faces, whereas the customer co-operates and supports the technical changes brought into the business process. Want to know what are the responsibilities that both of them carry, then check out the presentation or click to know more https://www.batchmaster.co.in/services/erp-implementation.aspx
Companies that optimize their inventory reduce inventory items and stock levels, avoid associated carrying costs and obsolescence write-downs. Want to know the best practices to optimize your inventory, check the presentation-
Why to strangle your business and increase complexities by using primitive business methods? Rather go for implementing an effective tool – ERP in your business and overcome the barriers of growth. Read on to discover the top signs that your business needs an ERP system. This guide will help you to analyze the pain points that your business has and how can they be resolved.
What is an ERP system? This guide explains what an ERP system is and how it works for your business.
Two primary concerns of any business are efficiency and profitability. This is basically what an ERP system is designed to optimize.
An ERP system allows you to perform the necessary money-making processes of your business as efficiently as possible.
To achieve a level of efficiency and profitability, a business aims to maximize it’s bottom line while keeping overhead costs low.
An ERP system provides a business with management software that fosters productivity.
The term “ERP” stands for Enterprise Resource Planning.
Basically, an ERP system is a shared database that reflects the moving parts of a company. This provides a much broader, top-down perspective of your business.
Installing an ERP system will grant you a much fuller picture of what is actually going on, in any given period of time.
Some processes in which you can gain some business insights include: sales, human resources, inventory, purchasing, finances, online ordering and many more buckets.
The main objective of an ERP system is to improve how your business resources are spent, and that means money and time. By taking a wide-view, and analyzing every aspect of your business, you will be able to decide if you are properly deploying your resources in a way that will drive maximum profitability.
Replacing obsolete ERP software systems with GenioRicardo Marques
Quidgest Genio - an alternative for UPTO "Update Platform technologically obsolete" whatever old ERP, SCM, DMS, or legacy application you may have in-house
Enterprise Resource Planning (ERP) solution isn’t a new concept anymore. It’s a reality, its advancing way beyond imaginations. ERP is here to stay long, by offering improved process automation and enhanced security features. More and more companies of all sizes are turning to implementations of intelligent ERPs with latest
ERP is an acronym for Enterprise Resource Planning, but even its full name doesn't shed much light on what ERP is or what it does. For that, you need to take a step back and think about all of the various processes that are essential to running a business, including inventory and order management, accounting, human resources, customer relationship management (CRM), and beyond. At its most basic level, ERP software integrates these various functions into one complete system to streamline processes and information across the entire organization.
The central feature of all ERP systems is a shared database that supports multiple functions used by different business units. In practice, this means that employees in different divisions—for example, accounting and sales—can rely on the same information for their specific needs.
This presentation was initially given at a Chartered Institute of Logistics and Transport (CILT) Seminar and discusses when and how it\'s correct to introduce automation to a warehouse or distribution centre.
How Voice, Scanning and Automation Improve Distribution/Fulfillment OperationsJohn Schriefer
Regardless of your current warehouse management system, new market and operational changes require new approaches to improve fulfillment center operations. This presentation uses two examples to illustrate how mobile applications and warehouse automation solve shop-floor execution challenges without changing back-end systems.
Today business is made easy by the intergration of technology like use of computers and internet to quicken communication and reduce the risk of business. I had a chance of studying Enterprise business systems in the module of information technology and here I had an opportunity of going in depth what Oracle, SAP and other companies do, enjoy the slides!
ERP in logistics and supply chain management
Value chain analysis , understanding, ERP system in logistics, software as a service, supply chain solutions through erp
In order to gain a competitive advantage, businesses in fashion industry need to respond quickly to evolving customer preferences and technical advancements. And this is when an ERP system becomes useful. Although there are plenty of them available in the market which can claim best offerings, but these claims may not be necessarily true. Then how to select the best one amongst all? Check out the presentation to know the steps to choose the best ERP software for Fashion business. https://www.batchmaster.co.in/industryserved/fashion-erp/erp-for-fashion-industry.aspx
Four important topics where IT is used are:
Lean reduction
Production logistics
Computer-aided production management systems
Advanced plant maintenance
are studied.
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Looking for professional printing services in Jaipur? Navpack n Print offers high-quality and affordable stationery printing for all your business needs. Stand out with custom stationery designs and fast turnaround times. Contact us today for a quote!
The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Accpac to QuickBooks Conversion Navigating the Transition with Online Account...PaulBryant58
This article provides a comprehensive guide on how to
effectively manage the convert Accpac to QuickBooks , with a particular focus on utilizing online accounting services to streamline the process.
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Stay ahead of the curve with our premium MEAN Stack Development Solutions. Our expert developers utilize MongoDB, Express.js, AngularJS, and Node.js to create modern and responsive web applications. Trust us for cutting-edge solutions that drive your business growth and success.
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Attending a job Interview for B1 and B2 Englsih learnersErika906060
It is a sample of an interview for a business english class for pre-intermediate and intermediate english students with emphasis on the speking ability.
"𝑩𝑬𝑮𝑼𝑵 𝑾𝑰𝑻𝑯 𝑻𝑱 𝑰𝑺 𝑯𝑨𝑳𝑭 𝑫𝑶𝑵𝑬"
𝐓𝐉 𝐂𝐨𝐦𝐬 (𝐓𝐉 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
𝐓𝐉 𝐂𝐨𝐦𝐬 provides unlimited package services including such as Event organizing, Event planning, Event production, Manpower, PR marketing, Design 2D/3D, VIP protocols, Interpreter agency, etc.
Sports events - Golf competitions/billiards competitions/company sports events: dynamic and challenging
⭐ 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐝 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐬:
➢ 2024 BAEKHYUN [Lonsdaleite] IN HO CHI MINH
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➢ WOW K-Music Festival 2023
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➢ Korean President visits Samsung Electronics R&D Center
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"𝐄𝐯𝐞𝐫𝐲 𝐞𝐯𝐞𝐧𝐭 𝐢𝐬 𝐚 𝐬𝐭𝐨𝐫𝐲, 𝐚 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐣𝐨𝐮𝐫𝐧𝐞𝐲. 𝐖𝐞 𝐚𝐥𝐰𝐚𝐲𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐭𝐡𝐚𝐭 𝐬𝐡𝐨𝐫𝐭𝐥𝐲 𝐲𝐨𝐮 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐨𝐮𝐫 𝐬𝐭𝐨𝐫𝐢𝐞𝐬."
Improving profitability for small businessBen Wann
In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...BBPMedia1
Grote partijen zijn al een tijdje onderweg met retail media. Ondertussen worden in dit domein ook de kansen zichtbaar voor andere spelers in de markt. Maar met die kansen ontstaan ook vragen: Zelf retail media worden of erop adverteren? In welke fase van de funnel past het en hoe integreer je het in een mediaplan? Wat is nu precies het verschil met marketplaces en Programmatic ads? In dit half uur beslechten we de dilemma's en krijg je antwoorden op wanneer het voor jou tijd is om de volgende stap te zetten.
Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
www.seribangash.com
Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
Unveiling the Secrets How Does Generative AI Work.pdfSam H
At its core, generative artificial intelligence relies on the concept of generative models, which serve as engines that churn out entirely new data resembling their training data. It is like a sculptor who has studied so many forms found in nature and then uses this knowledge to create sculptures from his imagination that have never been seen before anywhere else. If taken to cyberspace, gans work almost the same way.
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Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
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In this deck, you will learn the significance of workplace discipline for organisational success. You’ll also learn
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• Three (3) key tips to maintain a disciplined workplace.
1. GROUP MEMBERS
1. Arni B. Hj. Morshidi P14D461P
2. Anisah Bt Ismail P14D389P
3. Syarifah Rohaya Bt Wan Idris P14D397P
4. Dayang Adelina Bt Hj Abang Muan P14D394P
5. Norhana Aini Bt Saini P14D398P
2.
3. Top wholesale distributors
of industrial electrical
equipment and supplies
3 divisions:
Global export – Houston
Marine – New Orleans
Sales - Dubai
Founded in 1977 in
Albuquerque, New
Mexico
A “middle man”
4. • A legacy information system
not keep up with the business
• Done manually
• Only handle a fixed number of locations
and limited of numbers used on
documents
• IS Department
• Had to use the same range of
document numbers over again every few
months
5. • Summit needed a system that
could handle a very large number
of SKUs
• Changed to new system ERP provided by
SAP
•That would require improve its business
process and the way people worked.
6. • Which business processes are the most
important at Summit Electric Supply?
Why?
Question 1
• What problems did Summit have with
its old systems? What was the business
impact of those problems?
Question 2
• How did Summit’s ERP system improve
operational efficiency and decision
making? Give several examples.
Question 3
7. • Describe two ways in
which Summit’s
customers benefit from
the new ERP system.
Question 4
• Diagram Summit’s
old and new process
for handling
chargeback.
Question 5
8. Question 1
• Which business processes are the most
important at Summit Electric Supply?
Why?
SUPPLY CHANGE MANAGEMENT (SCM): the active
management of supply chain activities to maximize
customer value and achieve a sustainable competitive
advantage.
• Summit Electric Supply is one of the top wholesale
distributors of industrial electrical equipment and supplies in
U.S.
• Distributes products that include motor control, wire and
cable and etc.
• As a “middle man” – obtains finished goods from
manufacturers and sell them to electrical contractors working
on projects
• Handle a very large number of SKUs transaction in a very
9. Question 1
• Which business processes are the most
important at Summit Electric Supply?
Why?
ERP System
• A packaged
business
software
system that
enables a
company to
manage the
efficient and
effective
use of its
resources.
SAP Application
• SAP is a core ERP
application and the
best practices
function in sale and
distribution, materials
management, Human
Resources and
Financials and its
knowledge in
distribution business.
• SAP’s NetWeaver
support Summit
Electronic more
organize and be able
to control how much
was needed to be
produced and
distributed.
• It’s useful for business
intelligence reporting
and analysis.
Batch Management
• It is a software
that treats a
wire reel a
batch rather
than single as
single
products.
• It used to cater
high demand
for wires and
cable
products.
10. Question 2
• What problems did Summit have with
its old systems? What was the business
impact of those problems?
Separate systems
Used separate systems for orders
and financial
So that, the data could not be easily
combined for business intelligence
reporting and analysis
Done manually
The integration between
sales entries and purchase
order and back-end
reporting.
Only handle a fixed number of
locations and limited range of
numbers that could be used on
documents
I.S Department had to use
the same range of
document numbers over
again every few months.
11. Question 2
• What problems did Summit have with
its old systems? What was the business
impact of those problems?
The Impact
The system was not able to keep up with the fast
growing business.
Limited
Not able to handle the volume and complexity of the company’s chargeback
agreements and reporting capabilities were limited
12. Question 3
• How did Summit’s ERP system improve
operational efficiency and decision
making? Give several examples.
ERP improved operational efficiency and give
scalability and the ability in Summit’s business
process
Especially in supply chain areas like sales and
distribution, inventory management and
financial reporting system-as the company
expected strong growth in these areas.
13. Question 3
• How did Summit’s ERP system improve
operational efficiency and decision
making? Give several examples.
• It’s running smaller and frequent inventory update throughout the
day, instead of a night-which caused a delay.
• New system provided accurate information of shipping order, which
Summit’s was able to ship immediately.
Running more frequent inventory
updates
• To replenish wire and cable, the ERP batch material management
identified the customer purchase amount, length of wire and
product manufacturer.
• Each time a customer buys a length of wire, the length is entered
into the system to track how much of the “batch” was sold.
Adapting the inventory tracking
process
14. Question 3
• How did Summit’s ERP system improve
operational efficiency and decision
making? Give several examples.
• To secure inventory for special customers, with long term projects,
Summit created a “parent- child” warehouse relationship in ERP
system to secure the materials in inventory as well as on premises..
Changing how inventory is
managed at job sites
15. Question 3
• How did Summit’s ERP system improve
operational efficiency and decision
making? Give several examples.
• To make a better manage its finance and ordering system, Summit implemented
the SAP’s/NetWeaver BW data warehouse and business intelligence.
• By integrating the NetWeaver, Summit was able to analyze the profit of each sales
person, manufacturer, customer and branch.
• Using SAP software, Summit was able to improve its ROI, by automating sales tax
and chargeback’s.
• The SAP/Paybacks and Chargeback’s application was able to identify the billing
activity, if there was a chargeback, the SAP system would automatically submit the
information to bill the chargeback- increase its chargeback claims of up to 118%.
• Summit decision making for implementing the new ERP system was based on the
growth of the organization, the complexities of processing orders, analyzing
finances and back and reporting.
• Once the new ERP/SAP was in place, Summit management was able to focus on
sales and orders and quotes, supplier performance and delivery schedule.
• The new SAP/ERP has allowed Summit to run its operations with flexibility and
allow the SAP to operate efficiently.
• The new ERP system allowed management to have a greater vision for decision
making and managing its operations
Business intelligence
16. Question 4
• Describe two ways in which Summit’s
customers benefit from the new ERP
system.
Customer can rely on the company for their
needs and products
• The company now more efficient
• The company wants that customers to feel that they can
provide that they have produced products the customer
want and sent to them in short time period.
To accommodate large customers with long
term job sites
• SES sets up temporary warehouse on site to supply electrical products.
• Create “parent – child” warehouse relationship – to able to work with
customers.
• The warehouse can be controlled like subparts of the main SES warehouse.
• It helps to prevent anybody from selling the consigned inventory into the
warehouse.
17. Question 5 • Diagram Summit’s old and new process
for handling chargebacks.
Chargeback is the return of funds to a
consumer.
The chargeback mechanism exists primarily
for consumer protection.
For the distribution company, chargeback
occurs when the supplier sells a product at a
higher price to the distributor than the price
they have set with the end user.
18. Question 5 • Diagram Summit’s old and new process
for handling chargebacks.
Look through
customers
invoices
Identify specific
manufacturer which
Summit chargeback
could claim
Input data
manually in
Excel
spreadsheet
Submit paper
copies of
invoices to
vendors
Received
responds
from vendors
End of
process
OLDPROCESS
19. Question 2
• What problems did Summit have with
its old systems? What was the business
impact of those problems?
NEW PROCESS
All chargeback
agreement
loaded in SAP
system
System review billing
activity and do a
matching to create a
separate chargeback
documents
Automatically submit
the information and
chargeback document
to identified vendor
End of
process