Finance

Lists Of Contents Tagged With "Finance"

  • Early ERP implementation reports indicated that only a low percentage of companies experienced a smooth rollout of their new ERP systems and immediately began receiving the benefits they anticipated. You should put such reports into perspective. All kinds of software implementations can suffer from delays, cost overruns, and performance problems, not just ERP projects. Such delays have been a major ...

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  • How Much Does An ERP System Cost?

    6 months, 1 week ago

    Cost of an ERP system includes several factors:

    • The size of the ERP software, which corresponds to the size of the company it serves
    • The need for new hardware that is capable of running complex ERP software
    • Consultant’s and analysts’ fees
    • Time for implementation (which causes disruption of business)
    • Training (which costs both time and money)

    A large company, one ...

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  • Majority of the economic activities are now accounted as services, especially in most industrialized countries. Both academics and practitioners have turned their attention to the increasingly important services markets, the question has been debated, “How different actually are services?”

    When we try to evaluate them (services and products), we can see that there is not such a clear-cut line ...

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  • Threats To Brands

    Normally, successful brands are under threat, particularly for competitors. Management complacency or neglect are probably the greatest threats, since an alert management will recognize (or foresee) challenges from competitors and from market and environmental change, and will take appropriate action, as stated by G.Randall (1993).

    In recent years, other threats appeared, especially in consumer markets:

    1 ...

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  • Basically, a brand is different from a product. Brands are normally associated with fast-moving customer goods. But then, brands also exist in services and industrial markets: Philippine Airlines (PAL), British Airways, Japan Airlines and Northwest; IBM, Sony, Panasonic and KODAK.

    There are different types of brands:

    1. Company brands: In the case of many brands, the company name is the ...

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  • All manufacturers need to distribute their products, and most use intermediaries. The number of tasks to be carried out by the channels of distributions is large, and in different industries these may be split in various ways between different channels/ members. Every channel member should be understood as an individual business with its own objectives and strategy, but working in ...

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  • Relationship Marketing (RM) and Integrated Marketing Communications (IMC) work together to establish mutually satisfying long-term loyalty relationships among providers, customers, suppliers, employees, and other stakeholders. A key rationale for Relationship Marketing is the idea that it's more profitable to establish relationships with existing customers than to acquire new customers, as evidenced by figures showing how customers, as evidenced by figures ...

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  • 1. Policy

    Pricing policy of a company is a strategic decision, one that has long-term implications, should be made with the great care, and cannot be changed easily. It is part of an-overall positioning strategy.

    2. Pricing opportunities

    If a company’s policy is fixed, then, by its history and market situation, major alteration to strategy will be few. Opportunities will ...

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  • Radio frequency identification technology, known commonly as RFID, is becoming an efficient way of tracking items through a supply chain. An RFID device is a small package, or tag, that includes a microprocessor and an antenna, and can be attached to products. The location of an item with an RFID tag can be determined using an RFID reader, which emits ...

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  • Many companies today outsource some of their operations to an outside service provider, sometimes called a third party. In the next section, we will look at how outsourcing can simplify the management of ERP systems.

    Application Service Providers

    An application service provider (ASP) is a company that provides management of applications for a company over a network. Usually that network ...

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