Multi warehouse management is coordinating and controlling inventory across multiple storage locations within a business. It allows companies to track, manage, and optimize stock levels whil… Read More

Asset audit is the process of verifying and assessing a company’s assets to ensure accurate records and efficient usage. It involves tracking, inspecting, and reconciling… Read More

Efficiently managing equipment assets can make or break the success of your operations. For many managers, keeping track of assets, ensuring timely maintenance, and reducing downtime are con… Read More

ERP finance modules are a real lifesaver for Singaporean businesses, especially with all the new compliance requirements popping up. With recent changes like the CAA agreement with the Nethe… Read More

A sustainable warehouse is a facility focused on reducing environmental impact. This include cutting energy use, utilising renewable resources, managing waste, and enhancing operational effi… Read More

Efficiently managing the storage and movement of imported goods is crucial for businesses, yet many managers struggle to balance regulatory requirements with operational efficiency. A bonded… Read More

Retailers often face an uphill battle when it comes to managing their assets efficiently. From inventory tracking to equipment maintenance, every misstep can result in operational headaches… Read More

Spend Under Management (SUM) is the percentage of a company’s total spending actively managed through procurement strategies and processes. It gives visibility and control… Read More

Controlling costs is a critical priority for any business aiming to remain competitive. One area often overlooked in cost-saving strategies is addressable spend—the portio… Read More

Warehouse labeling is a method of assigning unique codes and identifiers to products, shelves, and storage areas within a warehouse. This ensures accurate tracking and quick retrieval, reduc… Read More

Indirect procurement can make up as much as 80% of a company’s purchases, yet it remains largely unmanaged. This lack of attention often results in uncontrolled maverick a… Read More

Spend aggregation is the process of consolidating purchases across multiple departments or locations within a company to leverage collective buying power. By streamlining procurement, busine… Read More

An Asset Reservation System is a software solution designed to help businesses efficiently manage, track, and reserve their assets. By streamlining asset allocation, it ensures that valuable… Read More

Warehouse putaway is the process of moving received goods from the dock to their designated storage locations. It ensures that items are stored efficiently, making retrieval easier and optim… Read More

Sustainable procurement is no longer a mere “good thing to do” for businesses—it’s now a critical part of operation… Read More

What does asset utilization mean in the context of business operations? Asset utilization in business operations refers to how effectively a company uses its resources to generate revenue. H… Read More

Category management is crucial for retailers aiming to manage their product assortments effectively. Without it, retailers often face fragmented product assortments, inconsistent pricing, an… Read More

Warehouse congestion occurs when a warehouse becomes overcrowded with inventory, equipment, or workers, causing delays and inefficiencies. This congestion makes it difficult for staff to nav… Read More

Dynamic slotting plays a key role in warehouse management, but many businesses still stick to old-fashioned static systems. Without dynamic slotting, companies face slow picking times, ineff… Read More

Warehouse inspection is a process of evaluating a warehouse’s safety, efficiency, and compliance. It involves checking equipment, inventory, and storage practices to ensur… Read More

Imagine a procurement system where handling invoices is not just efficient but seamlessly integrated, swift, and virtually error-free. This vision comes to life with eBilling, which automate… Read More

A smart warehouse is a fully automated warehouse system streamlining operations using advanced technologies like AI (Artificial Intelligence), IoT (Internet of Things), and robotics. These s… Read More

Effective asset control is a critical element for any business, yet it’s often overlooked in favor of other priorities. Without effective asset control, businesses risk as… Read More

A retail warehouse is a facility where businesses store their inventory and process customer orders. It serves as a central hub for receiving, storing, and distributing products, ensuring th… Read More

Procurement savings are cost reductions in the purchasing process by optimizing supplier contracts and minimizing unnecessary expenses. These savings are vital for businesses seeking to impr… Read More

This article will provide insights on selecting the best 18 accounting software in Singapore in 2024 to help your business maintain financial integrity and comply with the financial reportin… Read More

Managing Request for Information (RFI) documents can be a daunting task for company managers and leaders. Without the right software, the RFI process often becomes cumbersome, with inconsist… Read More

Many companies use Synergix Tech as their ERP software to manage various operational aspects, from inventory management to financial analytics. However, sometimes companies feel the need to… Read More

When discussing procurement vs purchasing, many people mistakenly believe they are the same. However, understanding their differences is crucial for making informed decisions in your busines… Read More

Are your warehouse costs eating into your profits? Or are you having difficulties with setting up and maintaining your warehouse? Inefficient warehouse management can lead to skyrocketing ex… Read More

Purchase Price Variance (PPV) is a critical financial metric that highlights the difference between the actual price paid for goods and their pre-established standard cost. It serves as an e… Read More

Physical Asset Management is the process of managing, maintaining, and optimising assets to maximise value and minimise risks throughout their lifecycle. Managing physical assets ef… Read More

Procurement management is the process of sourcing and purchasing goods and services from external vendors. It is essential for businesses to ensure operational efficiency and control costs w… Read More

In the third quarter of 2022, the occupancy rate for warehouses in Singapore was at 90.8%. This was the highest rate since the third quarter of 2018, despite the COVID-19 pandemic. For 2024… Read More

An ecommerce warehouse stores, manages, and prepares goods for shipment after online orders. It handles high volumes of small orders, requiring speed, accuracy, and scalability. In today&rsq… Read More

Nowadays, companies gather various assets to boost their value and earnings. Yet, keeping track of these assets often leads to productivity issues. With businesses dealing with more assets t… Read More

Vendor sourcing is the process of identifying, evaluating, and selecting suppliers to meet the specific needs of a business, whether for goods or services. It works by carefully assessing po… Read More

Warehouse picking is the process of retrieving items from storage to fulfill customer orders in a warehouse. This critical function involves identifying, selecting, and transporting products… Read More

Warehouse capacity is the ability of a warehouse to hold most of the goods or inventory based on the available physical space, the warehouse operational design, and the efficiency of storage… Read More

Procurement cost refers to the total expenses involved in acquiring goods and services for a business, including everything from the price of the products to shipping, handling, and other re… Read More

The responsibilities of human resources are not limited to recruitment; in fact, they are much more complicated. Furthermore, human resources are responsible for various tasks such as employ… Read More

Have you ever wondered how businesses can streamline their operations, cut costs, and enhance customer satisfaction? The answer lies in warehouse optimization. By refining warehouse operatio… Read More

In today’s fast-paced world of e-commerce and logistics, efficient warehouse management is paramount to success. Innovative strategies are continuously being explored to optimize wareh… Read More

Having a procurement process isn’t enough—you need to measure its performance with procurement KPI. The right KPIs (Key Performance Indicators) are crucial for improvement, as wh… Read More

Order picking is an important but overlooked process in warehouse management, whereas order fulfillment depends on this process. There are several things that slow down the order-picking pro… Read More

Retail procurement is the process of sourcing and purchasing the necessary inventory for a business to meet customer demand. It involves identifying suitable suppliers, negotiating terms, an… Read More

Procurement analytics is the process of collecting and analyzing procurement data to make informed decisions. It utilizes data insights to optimize purchasing strategies, reduce costs, and i… Read More

In today’s competitive market, understanding tactical vs. strategic procurement sourcing is crucial for optimizing supply chain management. Both approaches are vital for aligning procu… Read More

The term “procurement” describes business operations or procedures for getting products or services from the preferred vendors at the best prices. Finding the best deal on resour… Read More

Many businesses struggle with inefficiencies in their Source-to-Pay processes, especially when dealing with manual, time-consuming tasks. These inefficiencies can lead to higher costs and mi… Read More

Companies must continue to strive to become leaner, faster, by utilizing the benefits of cloud accounting software to satisfy their fintech customers. Moreover, the growth of FinTech is chan… Read More

Fixed Asset – Identifying and managing assets is easier with asset management software. In the world of accounting, “assets” refers to the wealth a business has when doing… Read More