What is a problem? Problem is a mismatch between the current output of existing processes and desired outcomes. What is the decision-making process? Decision-making process includes the following steps- Identifying the problem Setting objectives Evaluating the alternatives Choosing the best alternative Implementing the decision Assessing decision effectiveness Managerial decision-making Managers at all levels need to…
What is Power BI and Why do You Need It?
Business Intelligence “Business Intelligence” or BI means a set of applications or technologies for collection, integration, analysis and visualisation of business data. BI helps in making better decisions for organisational growth. Power BI Power BI is a Microsoft tool for Business Intelligence which can consolidate data for forecasting and decision making. Power BI has a…
Scenario Planning and Modelling in IBP
Integrated Business Planning (IBP) is a strategic planning methodology enabling end-to-end business planning through a cyclic process that includes a review of demand, new product development, supply and financial plans. IBP enables business leaders to understand whether their plans will be able to fulfil the customer’s requirements or not; if not, then their options around…
Enterprise Resource Planning (ERP) Implementation process steps
Enterprise Resource Planning (ERP) systems focus on all complex business process such as marketing, sales, production, customer service, human resource, accounting, etc. An ERP implementation process starts by selecting the right software for the organisation selecting the right one based on their specific requirements. A project management team is assigned to successfully install the software….
Supply Chain Integration
What is Supply Chain Integration? A Supply Chain incorporates different departments engaged with the procurement of raw materials, manufacturing products and delivering finished goods. Supply Chain Integration is a process where all departments of an organisation come together in a single system for the fulfilment of consumer demand. Supply Chain Integration requires the collaboration of…
Operational Planning: Key elements
Clear direction of tasks and responsibilities is very important for an organisation. A suitable plan can not only motivate the employees towards achieving the vision of the organisation but also increases the chances of financial success. What is Operational Planning? An operational plan can assist an organisation to achieve its objectives and overcome any challenges….
What is Enterprise Resource Planning (ERP) and why do you need it?
Enterprise Resource Planning (ERP) is an integrated process that helps an organisation to manage diverse functions. ERP manages financials, supply chain, operations, reporting, manufacturing, and human resource activities. ERP software integrates these functions into a complete system to streamline processes and information across the whole organisation. Effective ERP management allows various departments to communicate and…
Lock Comparison with CedarHub
Your valuable business data can be uploaded to the Master Data Repository directly through CSV files or Excel sheets. CedarHub lets you create ‘Locks’ for volume and financial data over a certain period (monthly / yearly) and these Locks can be compared with each other. Lock comparison provides a clear overview of the volume and…
Supply Chain Performance Measures and KPIs
Supply Chain performance measures define the activities involved in meeting end-customer requirements, essential inventory, and on-time and in-full delivery in a responsive manner. Supply Chain performance measures can be functional indicators and end-to-end supply chain indicators. A supply chain is called efficient when it is well-organised and ensures perfect delivery of goods and services from…