Leverage technology to get back to basics. This means managing your assets and material, managing costs through efficiencies and visibility, and managing the most important business resource there is -- your cash and funding.
Albert Einstein was probably one of the greatest brains of the 20th century. However, only a few of us know that he was more than a pragmatic and astonishing theorist. In fact, he was also a very spiritual and personable person, very much in touch with music, love, and life.
Well, SYPRO has a very similar persona. Inspired by Einstein’s Theory of Relativity, SYSPRO USA developed its own theory: S=MC², where S = SYSPRO ERP, M = Material and C² refers to Cost and Cash. The theory is about using amazing technology to get back to basics. This means managing your assets and material, managing costs through efficiencies and visibility, and managing the most important business resource there is -- your cash and funding.
Since the downward economic spiral in 2009, we are finally starting to see hints of an upward trend. Many pessimists will claim we are only seeing this because of the Presidential election, but in the same breadth the optimists and opportunists will lay claim to the fact that this is a great time to make money. The efforts put into place now to bolster the economy during an election year do not stop having an effect on the economy when the elections are over. They tend to last a lot longer than we expect. So take advantage of this time and stake your claim in the upcoming mini-(hopefully long-term) boom.
Cash and cash flow should be your biggest focus during this period. What generates cash is the effective management of assets (Material), optimizing efficiencies (Costs) and managing your funding (Cash). What SYSPRO ERP delivers are the tools that empower you to manage this material, costs and cash “Triad”. When times are bad, inventory levels are reduced due to the diminishing demand and business is rationalized by reducing staffing. What this does is free up cash resources locked into inventory and costs that allow a business to fund itself during the downturn. In contrast after an extended recessionary trend, as the economy and business rebounds, companies often realize that their cash resources have been extinguished and there is no funding available to pay for the growth. The cash was used during the tough times. Now manufacturing, inventory levels, and staffing need to be increased to meet the new demand but there is no money to do so. The effective management of material, costs, and cash become imperative to ensure ongoing success.
For more information on SYSPRO, or to schedule a consultation on how we can better serve you, please visit here.
About Harold Katz
Harold Katz joined SYSPRO USA in 2002 and today is an integral part of the company’s executive team. Katz is currently head of Marketing, spearheading the company’s marketing efforts, providing feedback on technological enhancements and assisting SYSPRO customers in identifying technology enablers to achieve exponential competitive advantages.