We talk with Angela Fumpson of White Tiger consulting, an expert in process mapping and systems implementation who discusses how technological changes needs to adopt a people first approach.
We talk with Graham Niven of Tandem Financial Services about the most common ways of raising money for growth – from government grants and bank loans, to angel investors and venture capital funds and discuss the risks and rewards of each.
As always, if you have any queries about any of these updates, please contact our Customer Success team via support@flowlens.com. Flowlens Task Templates – ProjectsAn update was made to include the ability to create a task template against Projects so every time a Project is made, a task is created and assigned to a specific … Read more
MRP, Parts and Stock / Inventory Updates to the display of Part names across the system – We fixed a bug on the stock reservation area of a Job Card so now the ‘Part no – part revision – part name’ is shown in the part name field. We also updated the naming of Purchase … Read more
What is paid to the supplier is only part of the true cost of holding stock. Businesses that purchase stock, both for production and direct re-sale, will be familiar with the term ‘carrying cost’, which is the sum of: Purchasing the stock Warehousing Handling/delivery Damage and loss Flowlens cloud MRP, with integrated purchasing, job cards … Read more
Globalisation has changed the playing field for businesses, in particular manufacturing companies. There is the opportunity to reach customers in foreign markets and supplier relationships are now on a global scale. However, this brings with it the added risk of external factors such as natural disasters, political instability and currency fluctuations. Now, more than ever, … Read more
An effective stock management process is one of the key components of a company’s purchasing efficiencies. Stock is a large capital investment so it makes sense to manage it as well as possible. In particular, keeping track of raw materials is essential for the smooth flow of the production process. Internal controls to prevent loss, … Read more
Businesses that don’t operate a sales order process, such as shops and rental companies, must hold a ‘safety stock’ to meet unpredicted sales and exchanges. A business that successfully manages its safety stock should never lose a sale because they don’t have an item. Having a lot of ‘out of stock’ products appears unreliable to … Read more
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