How can IT help in implementing Activity Based Costing?
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Discuss business intelligence, integration, compliance and a host of other SAP-related topics – implementation, best practices and resources to negotiate the world of SAP better!
January 31, 2010
January 28, 2010
How could digital marketing impact your company processes and systems? (part 2)
The increasing spending in digital marketing pushes the companies to re-view its organization, processes and systems in order to sustain the growth and manage effectively the digital marketing initiative together with traditional advertising.
In the previous blog I have highlighted the reasons why the spending in digital marketing is accelerating and the areas in which an extensive use of digital marketing channels could mainly impact the organization.
Now let’s look deeper at the impacts of digital marketing on the company information systems.
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January 27, 2010
Professional Hair Care business: The “STYLE” side of CPG retailing – Part-I
Professional Hair Care - Retailing with style !
The first thought that always comes to mind whenever someone makes a mention of CPG industry - the traditional manufacturer-distributor-retailer business which works in tandem to deliver the goodies to the God in the entire chain - The Consumer! This traditional CPG-retailing is pretty well set over the ages and is perhaps one of the most revenue and employment generating businesses around the globe.
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Business Process – Adopting Industry Best Practices (Part 3 of 3)
Key Success factor
- Visible Executive sponsorship
- Effective communication in the organisation
- Stakeholder heavy involvement
- Effective knowledge management
- Clearly defined measures of Success
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January 21, 2010
Trade Promotion Management in Consumer Packaged Goods (CPG) business
What is Trade Promotion Management (TPM)?
A simple definition is a set of processes that aim to manage promotional spending so that it maximizes sales up-lift, brand awareness, market share, and return on investment.
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December 31, 2009
Activity based costing for profitability analysis (Part 2 of 2)
My previous blogs series “Why do you need profitability analysis?” sets the context for profitability analysis. The next blog “Activity based costing for profitability analysis (Part 1)” highlights the need for Activity Based Costing (ABC) for profitability analysis. Once we are convinced about the need for profitability analysis and ABC, we have to figure out how to go about implementing ABC for our organization. This blog discusses the typical challenges in implementing ABC.
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December 29, 2009
The new weapon for the CFO’s knights (Part 2 of 3) – Conquering IFRS
In my previous blog of this series, I briefly spoke about the capabilities of SAP EPM financial consolidation tool(s) - inherent as well as the ones over and above legal & management consolidation and reporting functionalities. In the following discussion, I’ll talk about IFRS, the possible solutions for transition and finally share some of our learning’s from an experiment we carried out involving US GAAP and IFRS.
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“SAP BPC Owned by Business developed by IT” is it a reality or myth.
Continue reading "“SAP BPC Owned by Business developed by IT” is it a reality or myth." »
December 24, 2009
Fast Close – Business Challenges
Fast close increases trust and provides competitive advantage. I discussed the business drivers behind fast close in my previous post “Fast Close – Business Drivers”. If fast close is so useful then why it isn’t the norm rather than exception? The answer to this question is in understanding the various business challenges that hinder the close process.
December 22, 2009
Food Safety and Traceability in CPG Industry (Part 2 of 2)
In my last post I outlined the various challenges faced by the CPG industry and specifically discussed the Food Safety and Traceability needs.
In this post I will explain how the Food Safety and Traceability needs can be addressed by SAP.
Continue reading "Food Safety and Traceability in CPG Industry (Part 2 of 2)" »
December 21, 2009
How could digital marketing impact your company processes and systems?
For the last months there have been huge debates regarding the use of digital communication channels for promoting products and services, and overall digital marketing seems to be in constant growth.
How this costant growth will impact your company in order to get best results?
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December 17, 2009
Food Safety and Traceability in CPG Industry (Part 1 of 2)
These are challenging times for the Consumer Packaged Goods (CPG) industry. Food safety, traceability, health-conscious consumers, retailer power, new regulations and corporate social responsibility are some of the key challenges faced by the CPG industry. Fierce competition and industry consolidation are placing enormous pressure on food companies to cut costs. Meanwhile, increasingly sophisticated consumers are demanding greater levels of corporate accountability as well as constant product and service innovation. These forces are causing food companies to search for new ways to improve margins, increase asset efficiency, manage food safety risks, and grow revenues. This post outlines the Food Safety and Traceability needs of the CPG industry and in my next post I will explain how these needs can be addressed by SAP.
Continue reading "Food Safety and Traceability in CPG Industry (Part 1 of 2)" »
December 15, 2009
Business Process – Adopting Industry Best Practices (Part 2 of 3)
What ERP Vendors are saying?
Sales pitch of many ERP Vendor is that they provide the Business solution based on the Best Practice in your Industry. Many of the Industry leading ERP Vendors are providing bolt-on Industry specific Business processes based on Best Practices in that industry. Some of the leading ERP Vendors provide Best practice base lines products which include Detailed System and process documentation along with pre-configured systems.
Continue reading "Business Process – Adopting Industry Best Practices (Part 2 of 3)" »
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Recent Posts
- How can IT help in implementing Activity Based Costing?
- How could digital marketing impact your company processes and systems? (part 2)
- Professional Hair Care business: The “STYLE” side of CPG retailing – Part-I
- Business Process – Adopting Industry Best Practices (Part 3 of 3)
- Trade Promotion Management in Consumer Packaged Goods (CPG) business