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Are Your Passwords Strong Enough?
Adam Levine, Inc.
The use of passwords to protect online accounts isn’t going anywhere soon. According to a study last year by SplashData, however, of the 5 million passwords that were compromised by hacks last year, many of those hacks occurred because the user created “weak” passwords, such as ‘password’, ‘sunshine’, or the ever-popular ‘12345’. Read more about why strong passwords are so important, and learn six simple rules in selecting passwords to protect information.
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This is the home of the Dolvin Consulting Blog. Dolvin Consulting is an Information Technology firm providing computer & technology services as well as finance software & ERP systems to companies in the retail, distribution, manufacturing, and related industries in New Jersey and Eastern Pennsylvania.
Showing posts with label CFO. Show all posts
Showing posts with label CFO. Show all posts
Monday, February 4, 2019
Are Your Passwords Strong Enough?
Labels:
Breach,
Business impact,
CFO,
Communications,
Cyber security,
Trusted Advisor
Monday, December 1, 2014
Inventory Balances
If you are in the food industry you already know that one
of the primary challenges is your inventory level. You need enough supplies to satisfy customer
demand, but not too much due to obvious reasons of expiration dates and potential
spoilage.
Enterprise Resource Planning (ERP) solutions are designed
to streamline operations and provide a central repository of information to
effectively manage inventory processing.
A case study - VAI S2K Food:
Hillcrest Foods, Inc.
Do you walk around
and “look” at inventory to guess and gauge usage and need?
Many food distributors do just that. They have been in business a long time and
there is built in knowledge of customer and seasonal demand. What moves, what does not and what to do with
surpluses or not having sufficient supply and cost expense of expediting replacement
inventory?
How does your organization handle recalls and FDA
requirements (FDA Food
Safety Modernization Act - FSMA)? Do
you have the ability to include all lot numbers on products and paperwork? How much time and effort does it take you to
process a recall? What about the
paperwork and certificates of origin? Where
are these documents found and how are they linked to your inventory?
If you are processing food inventory manually, then your
ability to meet the FSMA requirements will be limited and expose your business
to great risk and regulatory nightmare.
How efficiently do you process your distribution, truck
loading and routing? What tools does
your ERP solution provide to ensure your customer needs are met? How long does it take to train your
workforce? Is the equipment and process
intuitive? How many times during the day
do they have to look up information and how much time does it take?
Handling inventory is a primary focus of food
distributors as is financial processing.
You need to service your customers, yet also manage their credit usage
on the Accounts Receivable (AR) side and expenditures via Accounts Payable (AP)
on the vendor/supplier side. The General
Ledger (GL) ties all the various aspects of the financial reporting and
forecasting together.
If these topics strike a nerve with your organization and
you are curious if you are doing everything reasonably possible to empower your
workforce and drive
efficiency in your operations, then it is time to contact Dolvin Consulting. We work with industry experts to help you
look at and evaluate your organization from a fresh perspective.
We look forward to serving your needs.
Labels:
Accounting,
CFO,
Customer Service,
Efficiency,
ERP Software,
Food Safety,
Food Software,
Inventory control,
JIT,
Procurement,
RFID,
ROI,
S2K,
Supply chain,
TCO,
Trusted Advisor,
VAI,
Warehouse Management Solutions,
WMS
Monday, October 27, 2014
Time for Help
What keeps you up at night when you are in charge of
technology delivery for your business?
Every company struggles at some point in time. At different periods of growth and contraction,
struggle is part of the process.
Struggle is normal.
The theory goes that Enterprise Resource Planning (ERP)
solutions are designed to integrate the entire business (i.e. the Enterprise). The more this is embraced and the more
departments or functional roles that are integrated in your solution the more
efficient your operations could be.
Okay, makes sense right, purchase an ERP solution,
install it, migrate your information, train your people, and start saving lots
of money, buy a boat and relax. But what
if you already have an ERP solution? What if you have more projects than
budget? Where are the savings you
thought you were supposed to have?
Savings are potentially
there, but like a sculptor, you need to uncover them.
Where most companies start is inventory. Even small reductions in inventory levels
have the potential of improving the bottom line. Small is relative, but think in terms of two
to three percentage point drop in levels.
Cutting your inventory in half is not realistic. It would cripple your business, but a small
drop of a few percentage points is realistic and achievable.
The other area that works hand in hand with inventory
levels is high accuracy. It is the other
side of the coin and cannot be separated.
There are several ways to measure accuracy, but most practical is the
count. Is what you have on the shelf the
same as what you have in your inventory system?
How close these two numbers are is a measure of accuracy.
The ultimate goal
is 100% and that may or may not be realistic, but 97/98% or higher is where you
need to be headed.
I know of a company that had 100% accurate inventory
every month, but only one day a month, once a month. When they did a complete physical inventory
count each month, it was accurate, at that time. Then it was off the rest of the month. They did not have an inventory control
system.
For some companies it is the same or similar story. They only know what they have when they count
it or when they do not have it. Out of
stock equals zero and that is accurate, but not good when a customer orders
it. Their systems have not kept up with
their business and the problems have cascaded from there.
The Inventory
Control module name implies that you will have control of your inventory once
you install it. In most places the
inventory is in control instead of the other way around.
You in fact must trust the system to do what it is designed
to do, but that is hard to do when there is no confidence in the system. When that happens people do just about
anything to bypass and avoid the very solution that is designed to help.
The Inventory Control module is intended to do is give
you observability. Warehouse Management
Systems (WMS) are designed to monitor the movement of inventory from reception,
to put-away, counting, and pick-pack-ship.
WMS solutions are usually separate and do incur additional
investment, but make sense, because it provides the tools to effectively manage
inventory. By monitoring the movement of
inventory you do add a level of effort, but the payback is in accuracy and
people actually using the system you paid for and depend on.
When your workers actually find the inventory the system
says should be there in the place it says it should be, then their confidence
increases. That increased confidence
leads users to use the system more.
Most people do not mind using a system that actually
works and helps them do their job.
Trusting and using the system are critical components to building accuracy.
Accuracy is key to
driving profitability.
With an accurate system, procurement orders the right
amount of the correct products. Customer
service can accurately answer customer questions and concerns. The Finance department can process transactions
and produce financial reporting more quickly and accurately.
There are a lot of intricacies of implementing and
actually using both an Inventory Control and Warehouse Management System
properly. Books have been written on the
subject. The purpose of this writing is
not to tell you how, but to give you confidence that you can have accurate
inventory, you can trust your system and you can generate savings.
Any benefit comes
after effort.
These systems work, if you trust them to do what they are
designed to do. Dolvin Consulting works
with manufacturers and distributors to help them understand and implement their
inventory systems. Contact us today to see how
we can help.
Please share your success and failure stories here with
the rest of our readers. You story
counts.
Labels:
Accounting,
CFO,
Customer Service,
Distribution,
Efficiency,
ERP Software,
Inventory Control,
Manufacturing,
ROI,
TCO,
Trusted Advisor,
WMS
Monday, September 29, 2014
Customer Self Service Matters
Most organizations understand that if you treat your
customers fairly, they will return. If
you treat them really well they will refer others to your business. What is equally true is if you treat your
customers poorly, they will tell everyone they know whenever they can.
A positive customer experience should be at the heart of
any system improvement, upgrade, or replacement. Efficiency matters when it ultimately drives
customer needs. Automation matters when
it means products are ordered, stocked, picked and delivered to meet your
customer’s needs.
In what way can you serve your customer’s needs without significantly
increasing your overhead? What is your
competition doing to serve their customers and attract your customers away?
Many Enterprise Resource Planning (ERP) solutions have an
integrated web or Ecommerce module.
Fully integrated is preferable, because of the efficiency, reduced errors
and time delays in processing and updating.
Less overhead is a
good thing.
But what about the thought that your products do not fit
the standard perception of what people purchase online?
As it turns out when
you provide your customers and users with self-serve capabilities they feel
empowered. They feel like you trust
them. They feel like you value them.
Adding this capability may not be where you would think
you can increase productivity, especially when you look at the upfront
costs. However, by adding or upgrading
Ecommerce, Sales force automation, and Contact Relationship Management (CRM)
solutions to your system, you are removing roadblocks to growth.
Customers know when you value them and are providing them
tools to access what they need when they need it at a time when it is
convenient to them. Employees know when
you are trying to help them do their job better by providing better
access. Management knows the
satisfaction of being able to get the information they need when they need it.
Real-time access
to information is the heart of your ERP system.
Increased sales as a result of these improvements is a
natural result. Increase customer
satisfaction is priceless. Customers
like the ability to research products, view transaction history, place orders, get
hard copies of invoices, check balances and yes of course pay balances online. Customer self-service reduces employee
resources needed to service the inquiries.
Automation allows a business to use their people where
they can do the most good. Sales force
personnel need quick access to stock and balance information for their customer
service needs.
Serve your
customers and grow your business.
Providing web services will improve customer retention
and capture business that might go to your competitors. Even if your products are not something that
ships easily or at all, providing the capability for your customers to browse,
research and collect information will benefit your business.
Take a look at how
and where you do business. Don’t you
think your customers want the same thing?
Not all solutions are created equal. Integration with your ERP solution is
key. Some businesses build interfaces to
integrate separate systems that have the functionality their customers need. Keep in mind that the more pieces the greater
the chance of a break down.
Regardless of how
your solution is built, the solution must address your customer’s needs and not
yours.
With the potential return on investment (ROI) and the
general movement towards a connected world, Ecommerce, Sales Force, and CRM
solutions are prime areas for update, upgrade or replacement.
In what ways are you serving your customers? What solutions are you considering or have
implemented? What returns are you
expecting or received?
Please share your thoughts with our readers.
At Dolvin
Consulting we work with your team to find solutions that drive efficiency
and automation in your operations.
Working solutions that are just-right for you, your business and your
customers. Contact us today to see how
we can help.
Labels:
Accounting,
CFO,
CRM,
Customer Service,
Ecommerce,
Efficiency,
ERP Software,
Reliable,
ROI,
Trusted Advisor
Friday, September 26, 2014
Cycle Counting (Part 2): Tips for Choosing the Right Inventory Software to Support It
How accurate are your inventory records? It’s a
question you've probably asked yourself on more than one
occasion. It is what every organization that handles inventory struggles
with at one level or another, at one time or another, and coincides with
automation and efficiency efforts.
Changing from Annual to Cycle counting does take some
planning, but the long term benefits may well be worth the effort. It
also something that may need to be approved by your board or other regulatory
body depending on your industry.
We have found that many businesses need to do both Annual
and Cycle counting until they show a consistent accurate inventory for at least
one year. After that time period the annual counting can be
discontinued. It is important that you demonstrate
good accounting controls and financial reporting.
Please read the article series below to find out more.
Find Accounting Software continues their 2-part series
and answers some additional questions about cycle counting. Find Accounting
Software has some great resources to help you navigate through the sea of
change. Read on for more information.
Where are you struggling?
Do you know how to get started?
What you should count and when?
What approach will you take?
At Dolvin
Consulting we work with your team to find solutions that drive
efficiency and automation in your operations. Working solutions that are
just-right for you and your business. Contact us today to
see how we can help.
Labels:
Accounting,
CFO,
Consultant,
Distribution,
Efficiency,
ERP Software,
Inventory control,
Manufacturing,
Michael DeCamillis,
Retail,
ROI,
TCO,
Warehouse,
WMS
Thursday, September 25, 2014
Cycle Counting (Part 1): What Every Inventory Manager Should Know About It
Are you finding variances in your inventory counts no
matter how hard you try, no matter what controls are in place? Enter the Annual Physical Inventory and all the
prep work, resource allocation, overtime, headaches and putting business on
hold while you try to lock down your inventory during counting.
Are you considering cycle counting in addition to or as a
replacement to an annual physical count?
Please read the article series below to find out more.
Find Accounting Software starts their 2-part series and
answers some important questions about cycle counting. Find Accounting Software
has some great resources to help you navigate through the sea of change. Read on for more information.
Where are you struggling?
Do you know how to get started?
What you should count and when?
What approach will you take?
At Dolvin
Consulting we work with your team to find solutions that drive
efficiency and automation in your operations. Working solutions that are
just-right for you and your business. Contact us today to see how
we can help.
Labels:
Accounting,
CFO,
Consultant,
Distribution,
Efficiency,
ERP Software,
Inventory control,
Manufacturing,
Michael DeCamillis,
Retail,
ROI,
TCO,
Warehouse,
WMS
Monday, August 4, 2014
Customer Service Matters
Through hardware, software and service offerings, Enterprise
Resource Planning (ERP) systems can provide a portfolio of solutions to help
manufacturers and distributors streamline production, operate more efficiently,
improve planning and scheduling and implement more fine-grained and flexible
decision-making processes. Solution
providers are helping businesses optimize their technology and make the most of
their ERP and supply chain applications by extending analytic capabilities,
making better decisions, improving order management and purchasing, plus many other
capabilities.
The driving factor for many organizations often starts
with “there ought to be a better way”, “our overhead is too high”, “we have too
many errors”, “there is no observability”, “it takes too long” to name but a
few. There are also some that
rationalize not addressing the issues by saying “that’s the way we have always
done ‘it’”. Find any challenge and add “too
much” or “too little” to it and it will become the seed to change when someone
tacks a price tag on it.
Higher productivity.
Collaboration.
Your organization needs the tools and applications that
empower them. Solutions that give them
access to the information that your customers need, like how long until I receive
my order, or being confident when you tell them what they want is in stock and
doubly sure they will actually receive what they ordered.
At Dolvin Consulting we work with industry experts to
find the right solutions that will fulfill your goals to drive your efficiency in
your operations. Share your ideas here
with our readers and then contact us to see how we can help you serve your
customers better.
What type of
benefits should a solution have?
Ultimately manufacturers, distributors, retailers and
others need to make better, quicker decisions and act faster in complex
markets. They need solutions that deliver powerful advantages which includes the
ability to find the right information, from the right place, at the right
time. This includes workflow tools and notifications.
When you can help your employees avoid the clutter and
overload of increasingly complex solutions to be able to focus on the
information they need to make decisions and move their workload forward. You empower your employees to attend to more
important tasks first.
Easy Access to
systems.
The definition of mobility has evolved in recent years to
mean any device, any time, any where.
While this is the evolving definition for the mobile sales force, many
companies are single location based and their devices are desktop
computers. What they find with newer
solutions is that they can take advantage of mobile solutions at client
meetings or when they count, receive, or pick-pack-ship inventory. The theme of the ivory tower and dished-out
information no longer works in competitive industries. Businesses must improve the efficiency of the
way they collect and deliver information to their employees, suppliers and
customers.
Newer solutions must increasingly bridge the gap between
the traditional ERP solution and other web based solutions such as social
media. This integration creates new opportunities
for employees to collaborate in real time with colleagues, suppliers, and most
importantly customers. Empowering employees
to answer questions more quickly is a key component in customer service. Meetings can be planned and coordinated more
quickly. Complex tasks can be divided
and delegated with greater efficiency.
Customer Service.
Overall we should be investing a lot more time and energy
in solutions that drive customer service.
Whether that is an updated ERP solution, integration with social media, contact
management, or other solution. It does
not matter if the solutions are on premise or hosted in the cloud as long as
the integration is tight and does not increase errors. ERP Vendor integrated solutions potentially
have the greatest Return on Investment (ROI).
Sometimes the upfront costs seem higher, but when you look at the Total
Cost of Ownership (TCO) fully integrated solutions, that you did not have to
integrate, are the best buy.
Your customers have questions. They want to know you care.
Your suppliers need information. They want to serve you better.
Your employees need to bridge the gap between the
internal and external worlds.
What is your organization doing to empower your
employees? Our readers would like to
know. Please share your ideas and what changes you have or are in the process
of implementing. Are you considering a
new or upgrade to your ERP solution?
What new modules are you considering?
What third party solutions would you like to integrate and why? Are you planning on small incremental steps
or a major overhaul?
Labels:
Analytics,
CFO,
CRM,
Customer Service,
Decisions,
Efficiency,
ERP Software,
Growth,
Inventory Control,
ROI,
Supply chain,
TCO,
Trusted Advisor,
WMS
Monday, July 8, 2013
Technology is Too Important for the Business not to be Involved
This statement
is exactly the point that should resonate with business owners. With the recent publicity of the Internet
Cloud services, everyone’s focus seems to be there. There are a great number of benefits for
Cloud services, storage, collaboration, and operations, but there has to be a
business driver to make the changes.
Cloud or not,
any investment in technology should have a driver that will provide a
reasonable Return on Investment (ROI).
The recent fiscal crisis focused on cutting costs and increasing
efficiencies. Budgets were and still are
very tight, so there needs to be business driver to make changes. What is good for the business? What will allow us to compete more
effectively? How can we use technology
to empower our people to open and serve new markets?
In years past,
the Technology Department in a corporation reported directly under the Finance
department and was used to tabulate numbers for financial reporting. Technology has evolved through time to the
point where it is fully integrated in our lifestyles. All you have to do to verify this is stop
walking or whatever you are doing for a minute and look around. People are stuck in their phones, tablets,
and laptop computers. Used to be at a
luncheon if you saw someone bowed, they were giving thanks, now more than
likely, they are checking their email.
Everyone is a technology user today.
This shift in
technology from the glass room to people’s hands has changed the view of how
technology should be used in business.
The shift is not only in the technology itself, but also includes the
business. The Internet and related
technologies has leveled the competition plane enough so that companies from
one to twenty or more now have access to tools and technology that keeps them
connected and competitive. Smaller
companies are more agile and can make a technology shift and adopt new technologies
much more quickly than large organizations.
Regardless of company size, executives want and
need their phones, email, messaging, and applications in their hand, available
when they need it, on their schedule.
This
transition is not a blanket resolution to say that Information Technology
Departments have no role in the decision process, it is more a reflection that
they themselves are taking on different roles.
Solutions are being driven by the business demands and technology is
looked at to deliver the solution.
One note of
caution for the early adopters is the more separate systems that are
implemented either on premise or hosted in the Cloud, the greater the burden on
the transfer of information and an exponential growth for errors. This is no small issue. Every time humans are involved, the more
humans involved, the greater the potential for errors.
The prevalence
of new technologies eventually leads to consolidation at some point. Multiple suppliers offering almost identical
products and services. It is a trend
repeated throughout history. The only
difference today is that it can take a lot less time for products and services
to transition. Adopting new technologies
quickly can give a boost to a company, however, that new technology may also be
replaced tomorrow or consolidated to another platform. This can actually destabilize an organization
depending on how much that organization relies on the technology.
Public, private, hybrid, large corporation, small
supplier, there are a multitude of choices.
What really
matters most is customer service. How
well your supplier of services serves you is a reflection of how well you
service your customers. You will
naturally be attracted to those that give the same level of service or the
level of service you want to deliver.
Nothing is more important than customer service.
A happy
customer refers others to you. A happy
customer returns and buys more stuff. A
happy customer pays your bills. We all
need happy customers.
There is a lot
of use of social media to get a consensus of what works and what does not. Industries are the same and yet each
organization struggles at different points along the path to success. This is where a trusted advisor can
help. The advisor can take an objective
view of the organization and let them see themselves in a new way. The advisor can narrow the field of many
solution providers to a few candidates taking care of the leg work allowing you
to concentrate more on your business.
You just cannot make the decision alone.
While true for
many technologies, this is especially true of Enterprise Resource Planning
(ERP) solutions. Given the scope of the
change an ERP solution can make for and in an enterprise, it takes
correspondingly more effort and diligence to make the right choice.
A lot of time
and energy can be invested in trying to upgrade and make work an existing
system that was never intended to handle the latest business trend.
Selecting an ERP solution is an educational
process.
It requires
open dialog so that the solution matches the challenges. Many sales people call offering solutions to
problems that do not exist. To avoid
that, someone needs to be open and honest about areas that could use
improvements. This is where a trusted
advisor can help by interfacing your challenges with potential solutions.
Deeper
relationships are needed in today’s ever changing world of technology. An understanding of the role technology plays
in an Enterprise is a crucial factor in selecting a trusted advisor and
solution provider.
Dolvin Consulting works with industry experts
to deliver Enterprise solutions that drive efficiency, reduce costs and
increase profitability. Contact us today to see
how we can help you define the challenges that slow your business down and
identify potential solutions.
Labels:
Accounting,
CFO,
Cloud,
Customer Service,
Dolvin Consulting,
Efficiency,
ERP Software,
implementation,
ROI,
Supply chain,
System Integrator,
TCO,
Trusted Advisor
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