article thumbnail

Retail sales exceed forecasts, underscoring solid 2024 economic growth

CFO Dive

Recent signs of vitality have prompted some economists to mark up growth forecasts, despite weakness in manufacturing and a hiring slowdown early in the summer.

article thumbnail

Modern FP&A: The Key to Simplifying the Complexities of Manufacturing Budgets 

Centage

For manufacturing and distribution organizations, this can be especially challenging. Manufacturing facilities must consider their production line capacities, their customers’ end product projections, and fluctuating material costs as they design their revenue goals and inventory requirements. That’s a lot of moving parts.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Why Data is So Important to Manufacturing Budgets

Centage

Technology has been a boon for manufacturing in a million different ways – from online ordering, to faster invoicing, to optimizing sales teams. While all of this data helps manufacturing companies to be more efficient, when it comes it comes to creating a manufacturing budget , data is also just as critical.

article thumbnail

Inventory Management in Manufacturing

VCFO

How Attention to Inventory Can Make or Break Manufacturers A major factor in determining the success of a manufacturer is how well it manages its inventory. When manufacturers have too little inventory, they can’t fully meet customer demands and lose out on revenue as a result.

article thumbnail

Countries That Rely On Exports, Manufacturing Faring Better In Pandemic

PYMNTS

Companies that manufacture products are weathering the pandemic more easily than companies that sell services or experiences, The Wall Street Journal reported. WSJ cited International Monetary Fund gross domestic product (GDP) forecasts that show how much different countries' economies rely on the vulnerable service and accommodation sectors.

article thumbnail

ERP Industry 4.0: Riding the Wave of the Fourth Industrial Revolution

Navigator SAP

or ‘4IR,’ and as thousands of businesses adopt advanced and high-performance software such as an ERP for manufacturing industry corporations, trends in automation, robotics, data analytics, and AI have maintained a rapid pace of growth. The fourth industrial revolution is also referred to as ‘Industry 4.0’ Industry 4.0

article thumbnail

Why Do I Need ERP If My System Already Works?

Navigator SAP

ERP solutions hold vast amounts of data from all of your business operations—ranging from accounting to manufacturing to human resources and beyond—in one central place. Your business profitability is hindered when you can’t accurately forecast supply and demand. Does your team lose track of spreadsheets?