Archive for the ‘Business Forecast’ Category

How has the volatile economy affected the way businesses monitor their performance and efficiency?

Are businesses, which are making a greater effort to keep tabs on resource allocation, and review plans and budgets during tough trading times, being helped or hindered by the latest technology applications and packages?

“Two years ago,” says Bill Soward, chief executive of Adaptive Planning, “most companies considered budgeting and planning as an annual exercise. What we see now is that organisations have moved into much more frequent re-forecasting.” (http://www.ebizq.net/blogs/guest_session/2010/06/business-performance-management-talking-with-adaptive-planning.php)

This increase in frequency means businesses are looking for slicker and more effective ways to monitor their performance and efficiency. Being able to react quickly to changing circumstances, being able to forecast cash flow dips or the effectives of legislative changes are all now vital for short-term planning.

What businesses need to know about new bar codes

Virtually every product that you can buy in a traditional retail setting has a bar code, writes Peter Suciu on allbusiness.com.

Developed after World War II to read product information at checkout, bar codes are now also used as a means of controlling stock and helping with inventory. The first bar codes were actually data represented in widths of parallel lines.

Today, newer versions have graduated from a simple series of machine-readable lines to instead include squares, dots, hexagons, and other geometric patterns that still remain a 2-D matrix of codes or symbologies.

Worldwide Enterprise IT spending to rise by 2.9% this year, says Gartner

Worldwide enterprise IT spending across all industry markets will grow 2.9 per cent in 2010 and surpass $2.4 trillion, according to Gartner, Inc. Analysts said that all industries are continuing to return to growth after a challenging year in 2009, when IT spending by vertical market totaled US $2.3 trillion, a 5.9 per cent decline from 2008.

“The enterprise IT market will certainly return to growth in 2010, but we now expect it will grow by only 2.9 per cent globally, down from 4.1 per cent growth we had forecast earlier this year,” said Kenneth Brant, research director at Gartner. “The national and international government sector will experience the strongest growth rate in 2010, with IT spending growing 4 per cent in 2010 (see Table 1).”