Before a company built then usually the capital is become the initial obstacle that must be met before the company runs. It is not always having large capital would provide a big advantage. The management of the capital that is effective and efficient will give a maximum profit. For us, we have to make a calculation of the capital and operational costs that are needed to run the company for the next couple of years. We must be able to provide a secure budget for the operations of the company in some time to come.
So not only to secure the budget for today and tomorrow. With the existence of budget security for a long term then the company will be able to survive when experiencing problems or disasters that are sudden and not considered before. With a perfect planning and design, then the company will be prepared to face with various obstacles and problems, because those have been considered before.
For example, in creating a product then we have to do research first about the markets, customers, competitors, and the obstacles that may emerge so that our products can reach the right target and do not easily fall down when exposed to various pressures and constraints that arise. Today, the using of information technology in the business activities is able to facilitate and accelerate the company’s planning.
The system that is used is called Enterprise Resource Planning (ERP) which this system is doing the planning with the concept of Operational Management with an integrated application. Some of the management activities can be helped by this system such as inventory management, financial management, reporting, manufacturing management, and other activities.
