The bakery business is the kind of business in which the baker uses certain ingredients and applies some process to prepare delicious eatables for the people. It is one of the very popular businesses and has changed a lot over the years. Previously it was restricted to small operations form single shops or kiosks, but nowadays there have been huge increment in the overall bakery business and it has expanded a lot. There provide a large number of ancillary services to the customers that ranges from providing them with cafes and dine in facilities. Technology has also helped the business is being developed and expand out to new avenues. Nowadays people are looking for healthy alternatives that will help in satisfying their sweet tooth, because most of the bakery products have a lot of carbohydrates hence people want to avoid the same. They are looking for healthy alternatives that will help them in getting health related advantages. So a large number of bakeries are bringing new innovations in their products, they are trying to change the entire scenario and are trying to attract more and more customers. B bakery is one of high end bakeries that has an annual turnover of 1.5 million, the overall employee base is 70 and the total sales of the business is quite high. The business is now considering new reforms and wants to switch to new products that will help in the development of the business. In the present days, they are considering making of more healthy treats that will suffice the needs of the customer (Trieu, 2017). For management of their overall business and their accounts they want to use a new software package that will help them in the long run. The want an advice on the kind of package they must use and the advantages and disadvantages of the same.
Few of the most important baking related process includes procurement of the raw materials from the supplier. Most of these raw materials are highly perishable in nature. Hence it is important that before choosing the same, they must do a thorough analysis on the kind of products they need. They must try to optimize the overall cost and get the right products from the right supplier. Another important function includes maintaining the high sales volume, so that daily products are not stored for a long time and are sold out. The main point in this is that maintaining the sales volume is important because most of the products are highly perishable and if not consumed timely will lead to a lot of wastage. This will help in a lot of cost cutting and cost optimization. Bakery is a kind of business in which a lot of human labor is involved, hence automation of major services and work that requires a lot tedious work is an important part of the overall scenario. The bakery business is evolving and these changes are reflected every now and then (Werner, 2017). This will help in the long time development of the company. Another important baking related process includes management of the customer base. The market is filled with so many bakers, hence it is important to have a strong connect with the consumers. It is important to bring new changes every now and then, to make sure that the customers are attracted and their demands are fulfilled by the company. They should consider introduction of new varieties and new products in their bakery business. This will help them in getting an edge over their customers and will help in keeping the business going. Following all these there are few other processes also that the bakers needs to do in their daily life.
Few processes that are very important for the baking business are –
Automation of the tedious work – The baking business involves a lot of tedious work and it is important for the management of the company to make that they introduce such changes which reduce the manual labor. It will help in saving a lot of time and will also help in reducing the errors in the system. New technological innovation has opened up new avenues that the companies can use and introduce in their overall system and that will also help the employees. It will also help the management of the company.
Getting the right ingredients – The bakery business is based on the ingredients that they use and their specialty lies in their products that make them different from their peers. Thus getting the right raw materials is very important. The management should do effective research of the market and make a list of the suppliers and should try to optimize the overall cost as much possible. This is an indispensable function of the overall business and forms the base of the success of the business.
Effective marketing and brand promotion- Brand promotion and marketing is an important function that will help the bakers in getting an edge over its competitors. It will help the business in developing and will help them in attracting more customers. For the same they must appoint experts that can help in promotion of the brand, and doing effective advertisement for the products. This is a very important aspect of any business and should not be avoided at any cost (Visinescu, et al., 2017).
Effective human resource management – Effective management of the human resources is an important aspect of any business. In case of bakery they need skilled people who are good in their work and will also help in understanding and doing the business on time. It is one of the most important parts of the business, getting the right chef, the right helpers, will help in the development of the business and resources.
The main outcomes that the business wants from all these process is that it will help in saving their time and their resources. It will help them in better development of all the departments and will help in their overall operational management. This is an important aspect of the business and they want that their overall cost is reduced. The B bakery business is recently incurred a lot of loss and they want to make changes in the system so that their overall cost is optimized. This is the main outcome that the business wants by which their cost is reduced. People get to know about their products, more and more people get the same and they have an edge over their competitors. It is important that with the growth in technology same should be introduced in the business, it will help in making the overall business error free and will also help the employees, the manager, and all the other workers who are working in the company. These processes have become an important part of the businesses nowadays and it is not possible that they will be able to get over the same without applying them. It is important that they opt for better techniques, better procedures. They should do a proper research and analysis before introducing such changes in the system. Proper reconciling of the pre post cost must be done. It must be taken care of that people who are involved in the management of the company, goes for expert advice that will help in their betterment. It will help them in taking right decisions that will be helpful for their business (Venezia, 2017). Through automation they want to make the entire process fast and cost savvy. Through the management of the logistics they want to save the unwanted cost that these companies may incur sometimes. These are the few of the important processes that the company needs to perform for its all round growth and development. And the specific changes will help the company in getting long term results that will be helpful in the long run for the success of the business.
There are so many accounting system that has been introduced in the market and have made the overall process of data production and management very easy. It will help in effective time management and reduction of the overall cost that is associated with business. Few of the most important features of these accounting software is given below-
Suitability- One of the most important aspect of any accounting software is that it must be suitable to the needs of the business. The company must do proper research and analysis before choosing the correct software that will be apt for the overall operations of the business. This is one of the most important features. There are many different types of software packages in the market, like SAP, MYOB, QuickBooks, and XERO. All of these are suitable for different kind of business. Some are high end software packages that handle large amount of data, some are suited for small and medium ranged software. Thus the need of every company is different and they should go for such software packages that will help in management of their business (Ruggiero & Lehkonen, 2017).
Security – One of the other important features of these packages is that there must be proper security. The companies are using this software for securing and management of their important data so it is important that proper securities must be there. There are many aspects to it, the company can take recommendations from experts on how to keep the data secure. They can ask the vendors to provide them with better security aspects. This is an important feature and timely audit of the system must be there to make sure that there are no bugs and errors and the management is able to keep the entire system safe and secure.
Interoperability- One of the important needs of the organizations is to use such software packages that are able to satisfy the needs of all the departments. There are so many parts of an organization that must work together to make sure that the overall business is running properly. The management can get different software packages that are suited for each department specifically. So they need such a package that can be used by all the departments like the HR department, sales department, logistics etc. Hence this is one of the most important aspects of the business accounting software packages and cannot be avoided (Linden & Freeman, 2017).
Customized- Another important feature is that the accounting software that must be suited to the overall needs of the company. It must be able to be customized as per the company demands. Most of the businesses have different needs hence it is not necessary that they will be able to use the accounting packages without getting them customized specifically. It will be helpful to the business.
Cost effective – The accounting software packages should be such that it must be cost effective. The management must do proper planning and research before buying one and should make sure that the product is within their budget. Research is an important thing that must be done before buying any software package and should make sure that the overall cost of the business is customized with the help of the same (Kew & Stredwick, 2017). These are the few important features of the different accounting software packages that the business can use for managing their data and providing them with a solution to all their problems. It must have stability, so that the business does not have to switch from one package to another as it will cost them a lot of money.
There are so many wide varieties of software packages available in the market. Each of these packages have different features. The company should do an overall analysis before choosing that package that is suited to their needs. On researching the market there were three accounting software packages that were most predominant. These three software packages were-
SAP, it is high end accounting ERP package that is mostly used by large multinational companies for overall management of their data and providing them with a solution. It is mostly very costly and can be easily customized as per the company needs (Hall & Rapanotti, 2017).
MYOB is an accounting package that is suited for small and medium companies. They key features includes that it is budget friendly and easily be customized as per the needs. It provides all round services to the management of the company for effective management of all the departments.
XERO is an accounting software package that is used for the management of the inventories of the company. It specializes in inventory management and can be used in place of QuickBooks. It is cost effective and mostly used by such companies that have large amount of data to be managed.
Keeping in mind the needs of the company it can be said that MYOB will be best suited to it, as it will help in all round development of the various departments of the company. It will provide the company better management of its resources and will be also within the cost of the company. These are the few aspects that make this software package best suited to the overall needs of the company (Hall & Rapanotti, 2017). Every company should choose that software package that provides them all the facilities that they need within their budgets. In case of B bakery MYOB will be best suited, because the overall cost of the product is low and the company is earning losses as of now. When the business will improve than the company can switch to do high end ERP packages,as of now the company must go for management with the help of budget friendly packages.
On the basis of the overall research there are two software packages in the market that can be used by the company. Each of them has different features and aspects. The major advantages and disadvantages between the two are given below in details.
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SAP |
MYOB |
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SAP is mostly suited for management of large amount of data of big multinational companies. These software packages are high ERP accounting software that involves a lot of technicalities and are not that easy to use. They are not easily customized as per the needs of the company. And companies need to spend huge amount of money if they want to use this software. Hence it is not possible for many companies to afford the same. Companies that install these packages can make sure that they have taken expert advice beforehand and proper training must be provided to the employees to use the same (Charlton, et al., 2017). The most important feature of this software packages will include getting good resources for the development of the company. It helps in providing an all round development to the company in management of all its departments as much as possible. It also helps in better management of the human resources of the company and also in getting quality assistance that will help in making the company better. It also helps in improving the overall management of the logistics of the company and that in turn will help in improving the overall customer satisfaction. The system is overall very efficient and is suited for big multinational companies that generate millions of revenue every month (Bromwich & Scapens, 2016). However small and medium ranged companies find it difficult to use such kind of software and it is mostly not in their budget. Overall the package is very good and is able to satisfy the needs of the company who uses it. Sometimes expert advice is needed in its management and that also includes providing training to the employees of the company. This software package is very costly and is mostly suited to the needs of big companies that can afford the same (Arnott, et al., 2017). |
MYOB is a medium ranged package that is mostly used by small and medium companies. They help in management of less amount of data but are able to provide an all round function to the company for management of all its departments. The software can be easily customized as per the management needs and is also very cost effective. Hence companies who have limited budgets can go for such kind of software and when the business improves later on they can go for high end ERP packages that will help them in management of the company (Guragai, et al., 2017). The most important features of this software package includes that it can be easily customized as per the needs of the management, employees at any part and at any location can get access to the data of the software on the discretion of the management (Dichev, 2017). It can be used by all the departments in union, and thus helps in maintaining a proper work flow within the company. It is very easy to use and there are very few complexities involved in the system, thus the employees will find it very easy to use. It will be cost effective and very much suited to the overall needs of the company. Once the business improves, the companies can make the necessary switch and that will be easy because in case of MYOB, the company can easily cancel the contract with the vendor (Belton, 2017). Hence it will be better for the companies to use such kind of software packages and when the necessary business improves then they can make the switch to high end ERP packages. This software package is budget friendly and is mostly suited to the needs of medium ranged companies and can easily satisfy their needs and demands. It is user friendly and built on a very simple interface and does not require much trainings to use the same. |
After the overall research and analysis it can be said that the best accounting software package that is suited to the overall needs of the company is MYOB. It is a medium ranged ERP software package that provides all round development of the company (Auken, 2016). The company can also take expert advice that can help them in choosing the right software package as per their overall needs. The various needs of the company includes that they need such software package that provides them-
On the basis of all these the company can go for the MYOB software. It will provide all round facilities to the company. The overall cost of the product is also low and if the company is not happy with the product than they can easily cancel the product. The B bakery company is still in developing stage the overall revenue of the company is 1.5million dollars, and the employee base is 70. So for such a company it would be better if they go for medium ranged software packages that are cost friendly. Once the overall business expands, they can go for high end ERP packages that are suited for the management of high volumes of data. The key features of the MYOB software includes that it can be easily customized as per the needs of the management, employees at any part and at any location can get access to the data of the software on the discretion of the management (Alexander, 2016). It can be used by all the departments in union, and thus helps in maintaining a proper work flow within the company (Abbott & Kantor, 2017). It is very easy to use and there are very few complexities involved in the system, thus the employees will find it very easy to use. It will be cost effective and very much suited to the overall needs of the company. Once the business improves, the companies can make the necessary switch and that will be easy because in case of MYOB, the company can easily cancel the contract with the vendor. Hence making the switch won’t be a very tough task for the company at that point of time. The company must do their share of research and analysis before choosing the right software package that will suit all their needs.
References
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Alexander, F., 2016. The Changing Face of Accountability. The Journal of Higher Education, 71(4), pp. 411-431.
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Charlton, P., Ilott, D., Borgeaud, R. & Drew, M., 2017. Risky business: An example of what training load data can add to shared decision making in determining ‘acceptable risk’. Journal of Science and Medicine in Sport, 20(6), pp. 526-527.
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Guragai, B., Hunt, N., Neri, M. & Taylor, E., 2017. Accounting Information Systems and Ethics Research: Review, Synthesis, and the Future. Journal of Information Systems: Summer 2017, 31(2), pp. 65-81.
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Kew, J. & Stredwick, J., 2017. Business Environment: Managing in a Strategic Context. second ed. London: Chartered Institute of Personnel and Development.
Linden, B. & Freeman, R., 2017. Profit and Other Values: Thick Evaluation in Decision Making. Business Ethics Quarterly, 27(3), pp. 353-379.
Ruggiero, S. & Lehkonen, H., 2017. Renewable energy growth and the financial performance of electric utilities: A panel data study. Journal of Cleaner Production, 142(4), pp. 3676-3688.
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