All posts in March 2019

E-bidding The New Global Business Trend

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Internet technology has become an intrinsic part of business enterprises across the world. Traditional business models have been replaced by online business proceedings with its high-tech tools and features. The rise of internet technology happened as business owners realized the potential of the Internet in enhancing the speed, efficiency and accuracy of their business operations and how they facilitate smooth and flawless business proceedings.

One such promising new-age business trend is E-Bidding. With more and more e-commerce websites getting deployed on the World Wide Web, the concept of e-bidding in soaring high.

What is E-Bidding?
E-bidding, also known as online bidding and e-auctions is a rising trend in the corporate circles across the globe. E-bidding is the concept wherein an online marketplace or website allows buyers to post their requirements in real time bidding events and potential suppliers and service providers can compete to sell their products or services to the buyer.

E-biddings are especially beneficial in scenarios where clients have accurately specified requirements and need the best and cost effective services to satiate them. Apart from the cost factor, clients can also consider the timeliness and quality of deliverables as a deciding factor to choose service providers and product suppliers.

E-bidding is a highly popular trend and is being used by several industries to buy and sell products and professional services at profitable rates and further profitable business endeavors.

The Process of E-Bidding
E-bidding revolves around the concept of sale and purchase of products and services online at profitable prices. Buyers generally post their requirements in online marketplaces and B2B websites and place Request for Bids. Potential suppliers and service providers can view these posts and submit competitive Bids for the same. In turn, buyers can review the bids and select one that is most cost effective. However, money is not the only criteria in selecting the vendor. Rather, buyers can browse through portfolios of potential vendors, trace their experience and expertise of the industry and then select the one that best qualifies for their requirements.

Business Advantages of E-Bidding
E-bidding offers a plethora of advantages to businesses and industries. It allows businesses to procure quality and cost effective services for their processes and thus helps them expand their profit margins. Likewise, suppliers and service providers can offer their products and services at best rates and reap benefits as well.

Here are some valuable business advantages of bidding online.

Access to Large Databases
B2B websites generally contain extensive databases of buyers and service providers. This increases and widens the network of the companies and individuals who register themselves on the website and connects them to a large pool of industry audiences. While buyers can browse through the database to find suitable service providers for their projects, service providers, in turn can apply to several posted projects and acquire new leads for their businesses.

Access to Worldwide Business Leads
E-bidding brings together buyers and service providers from all over the world. All the members of a B2B website have access to a worldwide audience. This means they can transgress geographical boundaries and time zone differences to hire professional services of offshore service providers and suppliers.

Access to Worldwide Business Leads
E-bidding brings together buyers and service providers from all over the world. All the members of a B2B website thus have access to a worldwide audience. This means buyers can transgress geographical boundaries and overcome time zone differences to hire professional services from offshore service providers and suppliers.

Comparison of Biddings
E-biddings allow buyers to monitor biddings and compare the different bids that are submitted. After they have reviewed all the bids, they can evaluate potential service providers and choose the best out of the lot.

Established Credibility
E-biddings is a critical procedure on trusted and established B2B websites. So all the members of the database are reliable and trust-worthy. This is because, these websites validate the identity of all the registered members and thoroughly check the details specified by them. This enhances the sanctity of online business proceedings.

Reduced Paperwork
Since all the proceedings are done online and all the information is stored electronically, there are no hassles about paperwork. The information can be easily and steadily processed and put to further use. Unlike scrapes of paper that needs to be reviewed manually, online data can be processed electronically by automated programs and softwares. Moreover, there is no additional costs regarding postage, photocopying and so on.

Time Savings
Because of online processing of information and other operations, e-bidding saves businesses a great deal of time and effort. Unlike tender systems, one doesn’t have to individually sort through applications to choose the right service provider and even the suppliers don’t have to send out forms and applications. E-bidding makes it easier to submit and review forms easily over the internet.

Secure Bidding Environment
E-commerce websites have strict security measures and privacy policies that ensures the safety of your data. Moreover, you can also be sure that all your cash transactions would be processed safely and securely.

Standardized Procurement Process
B2B websites allow buyers to specify the desired qualifications of vendors and service providers that they wish to seek. Thus, buyers can define parameters such as number of years of experience, type of expertise, ISO certifications and so on. And only service providers that fulfill these specified pre-conditions can apply or bid for the posted project. This highly standardizes the procurement process and delivers only relevant options to the client.

E-bidding helps obtain not just cost-effective services but also the ones that offer best value. It should be used as a strategic procurement tool by businesses to acquire valuable services for themselves and widen their profit margins.

Disclaimer : Sabra Easterday is the owner and founder of MatchB2B. Sabra is also a lawyer with a special interest in business issues and e-marketplaces. Notwithstanding that Sabra Easterday is a lawyer, nothing in this article and no services of MatchB2B or its website are legal services and no attorney-client relationship exists between any reader of this article or user, customer or potential customer of MatchB2B, and MatchB2B, its website or Sabra Easterday.

How Your Business Can Benefit With Video Surveillance In Chicago, Il

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When you are running a business, the most important thing that you need to keep an eye for is ensuring appropriate security for your business premise, assets and of course your employees. While the traditional concept of security was always associated with appointing security guards, things have evolved remarkably with the passage of time. In present times, video surveillance is considered one of the most effective ways of ensuring security for residential as well as business premises.

Wondering how you can benefit by installing video surveillance system? Here is what you need to know:

With video monitoring you can efficiently keep track of who is entering and leaving your business premise.

Because video surveillance in Chicago, IL provides real time monitoring, it helps you view all that is happening in your business area even when you are away from your office.

All the incidents taking place in your business area are recorded. In the event of a mishap, when police investigation is required, these recordings can be immensely helpful.

In case an employee make compensation claims for injuries they have suffered while being on duty, recordings provided by the security cameras can help determine the validity of their claim. This can save you a good deal of money you would have needed to spend due to false claims made by an employee.

Through video monitoring, you can keep a watchful eye on your employees and evaluate their professional performance. As a matter of fact, when your employees know that security cameras are being used to monitor them, they make extra efforts to prove their efficiency and dedication. Consequently, video surveillance in Chicago, IL can contribute effectively to enhance employee productivity.

If at any point of time you suspect that one or more employees are engaged in unethical practices like theft, installing security cameras can provided you necessary proof needed to verify your suspicion.

Surveillance systems are available in a wide range of sizes and shapes. It is important however that the right system is installed as per your requirements, conveniences and budget to ensure efficient video surveillance. A reputed and reliable installer can provide you customized solution catering perfectly to your business needs and interests.

A structured cabling system plays an important role in ensuring effective and organized access control system. Structured cabling in Milwaukee, WI serves the purpose of providing a device independent infrastructure for telecommunications, data and VoIP.

In earlier times, a building’s network comprised multiple wiring systems, each having a different standard and protocol. However, this system made it difficult to manage the network and transmit data in any format. In present times, structured cabling presents a number of advantages in terms of maintenance, flexibility, obsolescence, reorganizing and management.

A reputed installer of video surveillance in Chicago, IL can provide all the assistance and guidance you need to know the key benefits of video monitoring and to choose the device that best suits your requirements and budget. They also provide solutions for structured cabling in Milwaukee, WI to ensure organized and precise functioning of your surveillance system.

Business Proposal Writing How Writing Training Can Help You Write Better Proposals

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The way in which you write your business proposals can either make or break your business. Writing a solid business proposal is imperative if you want to see some measure of success in your business, or if you want to bring in any business at all! Business proposals are an important aspect of business management and knowing how to write a great business proposal can help in generating more business and income for your company.

There are many writing training courses that can help you write great proposals. If you are a newcomer to the business world, and are looking for tips on how to draft an effective business proposal, then you have come to the right place.

Here are a few effective business proposal writing tips:

Never Confuse the Prospective Readers: A poorly written business proposal can raise more questions instead of clarifying doubts. This is why your first step should be to clearly outline the objectives of the proposal and summarise the points that you want to cover. Make sure your proposal flows smoothly and that the language you use is plain and easy to understand (unless you work in a technical field). Even a layman should be able to understand the contents of your proposal. Clarity is the most important factor in any business proposal, so never compromise it at any cost. Steer clear of vague descriptions that could potentially mislead your readers or encourage them to take their business elsewhere. The way you write your proposals speaks volumes about you as a business person.

Clearly define your Objectives: When writing a business proposal, make sure you know exactly what it is you want to write about in the first place. Identify the key points that you need to put in your proposal and how you will persuade your reader. Your idea should be communicated effectively through your proposal.

Use Flawless Grammar: Always ensure that the grammar you use in your proposals is flawless. Failing to exhibit good writing skills can lead to a lot of rejections. Check to see that your proposal is free of grammar mistakes and typos, and never use jargon. If you do wish to use jargon, then make sure all the terms are well defined. This is one of the first things you’ll learn at any writing training course.

Research: Research plays a very big role when writing your proposal. Make sure you understand completely what your customer needs and what challenges they face so that you can address their problems.

These are just a few tips for a solid business proposal. Never take your business proposal writing lightly, as this could cost you a lot in terms of business.

Useful Phrases For Doing Business In English

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When it comes to English for business youll find there are a number of expressions that you probably wont encounter in casual speech. Here are five expressions that you might hear if you are going to a business meeting or you are in a business situation.

1. Manage expectations

To manage expectations means to ensure that the client has realistic expectations. For example, a company may take an order to deliver a certain amount of products. The client, who does not know how long it takes to manufacture and prepare a product might expect in a week. When you manage their expectations you make sure they know exactly how long it will take and what to expect. In this way, the client is not disappointed, and you are not under increased pressure from an unhappy client.

Example: We need to manage their expectations so they know they will not get delivery of the product before April.

Anyone who has to deal directly with clients will need to know how to manage expectations.

2. At the 11th hour

If you do something, or deliver something at the 11th hour then you are doing it at the last minute. If you had two weeks to write a report but you leave it until the last minute, you are doing it at the 11th hour.

Example: Jane always delivers her reports at the 11th hour. One day she will miss the deadline if she is not careful.

A company might finish a project at the 11th hour, or an individual can finish a task at the 11th hour.

3. The lion’s share

The lions share is the largest share. If you are talking about a competitor and the fact that they have the lions share of the market, then they have most of the business.

Example: Martins have the lions share of the market as they make 80 percent of the sales. We need to increase our efforts to increase our market share.

This is phrase is generally used when referring to companies or organisations.

4. Dot your i’s and cross your t’s
If you are told to dot your is and cross you ts you are being told to make sure you get all the details right. You have to check and recheck your information to make sure that the end result is perfect.

Example: This project could bring in 2 million dollars in sales so make sure you dot your is and cross your ts. We need to make sure everything goes smoothly.

A manager or director will use this expression to ensure employees and other colleagues are careful when preparing the project.

5. Get your foot in the door

To get your foot in the door means to get an introduction to someone or something. You can get your foot in the door of a company by getting an introduction to the director or by selling a small amount of product to a company. If you do well and make a good impression, you can go on to increase your involvement with the client or the company.

Example: Make sure they agree to trial our latest products so that you can get your foot in the door. If they like it we can introduce the rest of our product line to them.

Both individuals and businesses can get their foot in the door.

Sap Business One Implementing Notes Adding New Fields And Tables

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In comparing to other ERP and Small and Midsize Business Accounting applications, SB1 is more flexible and where traditional system may require programmer to code the custom logic and then integrate it with existing user interface and the database – SAP BO may have this custom logic to be easily set up in User Defined Tables and User Defined Fields, and SAP B1 software developers already supplied simple user interface to work with newly created objects, let’s us show you how. We will be assuming that you are on SAB BO version 2007A, international version 2007B should be the same if you translate our article to you local language, and if you are on SB1 2005A/B, you should be able to find the same functionality in slightly different menu paths:

1.OK, let’s assume that you need few new fields to be associated with Business Partner, such as Statement Type: email or mail. You will need new field on the Business Master table, the field should be named Statement Method, it should be Drop Down List with two options: Email and Mail. Please, open Tools->User Defined Tools->User Defined Fields-Management. Expand Master Data, Business Partner, highlight it and click add button at the bottom of the form. Name the field Statement Method, give appropriate description, alphanumeric, Structure: regular, mark Set Valid Values for the Field and click new to create Email and Mail options in this new DDL. Now, open Business Partner and pull out existing customer, for example. in Menu: View->User Defined-Fields and you should notice that New Small Windows is now open to the right of the Business Partner Master Data window, here you may select Email or Mail from DDL, when you will click on OK (or Add, if you are adding new Business Partner/Customer), Statement Method will be saved together with the regular Business Partner info. For those of you who are IT people or Software Developers, please click on View->System Information and then place your cursor over new field – you will see that it is created in OCRD table (Business Partner Master Table)

2.Let’s come out on the fresh air and between us, who are Corporate ERP consultants discuss, what we just saw. In other more traditional Corporate ERP, MRP, CRM, Sales Order Processing systems, etc., this is legitimate so-called “customization”, where programming is required or at least recommended. SAP Business One does the job in out-of-the-box install with five minutes long setup procedure. Please, relax and expect more surprises, let’s move on to new custom table creation

3.User Defined Tables. Tools->Customization Tools->User Defined Tables Setup, here give it the name, description, and select No Object if the table will be stand alone, or select Master Data if it is supposed to be linked to Master Data table, or Master Data Rows (in you plan to link it to Business Partner Address, which is Master Data Row classified table), Document (if you plan to link it to AR Invoice, or other legitimate document header), or Document Rows (if you plan to link it to AR Invoice Inventory Item or Service Line, for example). In our example, let’s try to be moderate and give you just simple example, we would like to create Non-Inventory Item Monthly Cost table, which is No Object. Give it the name, description, and then Tools-> Customization Tools->User Defined Fields Management, expand User Tables, highlight Non Inventory Item Monthly Cost and click Add: Add Year, Month and Cost fields (feel free to apply your judging on the type). Now, let’s enter the rows into newly defined table. User Defined Windows, select your newly created table and feel free to enter data there. Small comment, SB1 designers looks like were trying to make our life easier, so the created two mandatory fields: Code and Name, we recommend you to enter unique values there

4.SAP Business One Executive Demo or technical presentation. Via Web Session and Phone Conference you can request this service being USA, Canada Nationwide, in Europe, Brazil, Latin America and Internationally

5.Second Opinion on SB1 implementation or modules selection. This service is popular if your local SB1 reseller failed in challenging implementation, when you have to do complex Data Conversion, Integration to Legacy Systems, including Lotus Notes, Oracle Custom DB, legacy ecommerce

6.SAP B1 as Publicly Traded Multinational Corporation local branch ERP. SB1 licensing is relatively cheap and considering the fact that it is localized (translated to local languages in the majority of the countries: Brazil, Mexico, Venezuela, Colombia, Israel, Russia, China, to begin the long list; plus it is certified with foreign countries tax agencies). Special considerations to the customers, where their corporate ERP is not localized in the overseas branches. Good example is Dynamics GP Great Plains, it is only supported in USA, Canada, UK, Australia, New Zealand, Arabic countries, Spanish Speaking Latin America and English Speaking South East Asia. If you have Dynamics GP Great Plains as your Corporate ERP in USA or Canada, please consider SAP Business One in such country as Brazil, Russia, Poland, Lithuania, Latvia, etc., for your local branch with GL or even full data consolidation to Dynamics GP via Great Plains Integration Manager. SAP Business One allows simple data export to Microsoft Excel, or you can do exported data marking on SB1 SQL DB level

7.How to get help? Please, call us: 1-866-528-0577,