Documents » analyzis accounting systems for automotive industry.
Abstract: Recent
accounting scandals, highlighted by cases at Enron, Arthur Andersen, WorldCom, and Qwest, have emphasized the need for corporate governance, especially responsible corporate
accounting. Not only must businesses use responsible
accounting methods, but they must know that their methods are accurate. Small and mid-sized businesses must know the limitations of their current
accounting software; understand the possible ramifications of system
accounting balance failure; and take steps to guarantee the integrity, reliability, and accuracy of their
systems. This white paper highlights the need to recognize problematic software
accounting methods; minimize errors in account balance integrity, ledgers, and sub ledgers; and reduce the need for expensive rectification, to avoid serious legal ramifications.
PubDate: 8/10/2005 1:29:00 PM
Abstract: There’s a buzz in the automotive industry around the concept of “strategic workforce management”—getting the right people, for the right job, at the right time, to improve overall business results. Strategic workforce management goes beyond the traditional role of human resources: it’s a strategic initiative and competitive weapon to help today’s automotive companies drive corporate goals and objectives.
Abstract: Large or small, every company can profit from streamlined processes, insightful business intelligence, and systems that are flexible enough to grow with changing business needs. SAP Best Practices for Automotive comprise preconfigured business scenarios that cover the most important requirements of the automotive supplier industry, including enterprise resource planning (ERP), supplier relationship management (SRM), and a business information warehouse (BW).
Abstract: Automotive parts manufacturers are fighting for survival in a competitive global economy. Many rely on enterprise resource planning (ERP) systems to ensure they survive. However analysts report that the majority of ERP implementations rarely come in as scheduled, frequently cost more than projected, and often don’t deliver satisfactory results. Learn what automotive parts manufacturers should look for in an ERP system.
Abstract: Whether you’re familiar with the world of accounting or not, understanding the basic concepts and principles of accounting functions can give you an essential edge in the competitive manufacturing sector. This in-depth guide, complete with glossary, takes you through the step-by-step process of cost accounting for manufacturers—from prototype manufacturing, shipping, and full production, through to financial reports.
Abstract: Small businesses often become trapped by their outdated accounting systems, limiting their profits and arresting their growth. How can your business avoid this software trap? Planning and anticipating your business growth will help you minimize this costly mistake. Find the right accounting or enterprise resource planning solution to help your small business continue to expand and remain successful.
Abstract: Recent changes in accounting standards and compliance, along with greater emphasis on managing risk and value, have introduced new key measures of bank performance and made it more important to coordinate the internal and external reporting of financials and risk. To meet these challenges, banks must do their utmost to more fully integrate their accounting data and processes.
Abstract: Making a list and checking it twice is a particularly good practice when picking a finance and accounting software solution. If you don’t find the right product for your company, you’ll just pay for the mistakes on the back end. But first you need to know which features your small to midsize business must have and which you don’t want. Get some tips that will help you create your finance and accounting checklist.
Abstract: While BRAIN North America may have created a notable customer base due to its products’ functional appropriateness for the lower tiers of the automotive industry, its German parent’s impending insolvency might, in the worst-case scenario, leave all of them in the lurch.
Abstract: The nature of the global automotive supply chain means that the suppliers must be tightly integrated into the trading partner’s enterprise, whose supply chain communications and management capabilities need to be able to manage that critical relationship.
Abstract: Enterprise application providers wanting to address the distinct regulatory requirements of the automotive, food, safety, and life sciences industries need to offer enterprises industry-oriented enterprise resource planning systems that are sound and compliance-ready.
Abstract: Logo Business Solutions’ enterprise resource planning (ERP) solution, Unity, was implemented by several automotive parts manufacturers and suppliers. Unity’s ability to integrate with electronic data interchange (EDI) helped these companies better handle purchasing, planning, production, invoicing, reporting, and sales. Learn more about the features and functions of Unity ERP.
Abstract: In the automotive industry, companies face an ongoing struggle for market share and constant pressure on margins. To differentiate themselves in this competitive environment, many companies focus on sales and service operations, which are key to providing a high-quality customer experience. With that in mind, companies must automate processes and leverage integrated information to increase efficiency throughout the value chain.
Abstract: In the automotive industry, purchasing has become a critical business component. Some experts estimate that a 4 percent reduction in sourcing costs can add as much to profits as a 10 percent increase in sales. With intense global competition putting constant pressure on vehicle prices, many companies see improved sourcing and procurement as key to increasing margins, profits, and competitiveness.
Abstract: By using radio frequency identification (RFID) technology, automotive companies can eliminate material shortfalls of containers, which lead to delivery delays and, in the case of time-sensitive shipments, cause production downtime. Manufacturers, suppliers, dealers, and freight forwarders can all benefit by reducing launch and assembly delays resulting from errors in part quantities, types, and locations for containers targeted for production lines.
Abstract: The global automotive and wholesale distribution industry moves more than 50 million motor vehicles from factory floor to dealer to customer every year. Companies that operate in this market sector perform a difficult balancing act between the vehicle makers on the one side and the dealers and the consumers on the other. However by leveraging IT strategies, their goals are attainable.
Abstract: As globalization, competition, and downward price pressures show no signs of easing, lean manufacturing—matching supply to demand, eliminating waste, and streamlining operations—still holds great promise for automotive suppliers to meet this challenges.
Abstract: Most project-oriented businesses are faced with poorly designed, archaic computer systems that have inadequate project reporting and accounting structures. This can limit the information provided to project managers for project reporting. However, properly designed work breakdown structure (WBS) systems give cost and general accounting the ability to rely on a simpler chart of accounts, while providing more project management flexibility.
Abstract: The pharmaceutical industry is highly competitive, regulated, and in a permanent state of change. Customers demand instant attention, while suppliers require comprehensive leading edge services with regard to their products. Regulatory authorities require that the industry keep up to date with regulations, following them to the letter. Competitors are always inventing new ways to gain market share, while e-business presents new opportunities and challenges. All the while the pressure to reduce prices and to shorten order cycles is high. Pharmaceutical wholesalers comprise the lifeline within the pharmaceutical industry, providing continuity of supply and facilities for storage. They also offer a range of supporting services, such as information technology systems and product withdrawal notifications, which form an essential part of the total healthcare package. These companies and institutions all operate in an environment where speed and efficiency may mean the difference between life and death. However, the industry has a number of specific requirements that are critical for achieving success in the distribution sector.