ORDERFOX AG

11/2/2019

‘With ORDERFOX.com, we've modernised and optimised our sales.‘

Digitisation brings new orders for Gruber Mechatronik GmbH. The strength of Gruber Mechatronik GmbH is the production of milled and turned parts on modern CNC machines as well as the complete assembly production. The company from Judenburg in Austria manufactures individual customised parts as well as serial components and is also specialised in the development and production of special machines with PLC controls. The range of services also includes design, maintenance, repair, hydraulic and pneumatic services. ‘Since registering with ORDERFOX.com, Gruber Mechatronik GmbH has been able to secure multiple new orders,‘ says Managing Director René Egger with delight. ‘In addition, with ORDERFOX.com, we have digitised and significantly optimised our sales process in terms of costs, overheads and speed of response.‘ Especially with regard to the future challenges of the industry, René Egger has found a powerful tool in ORDERFOX.com to stand their ground against the competition: ‘In our opinion, ORDERFOX.com is, in the age of digitisation, ideal for manufacturers and buyers alike to simplify processes and to operate successfully on a global level.‘ More...

OpusCapita Software GmbH

11/2/2019

The clearance model is gaining a stronger foothold in Europe

There are different models out there that ensure compliance in electronic invoice processes. What is the clearance model? There are different models out there that ensure compliance in electronic invoice processes. There is for example so called post-audit approach, in which basically trading partners need to archive invoices and they also need to be able to present them for future proof for up to 10 years after the invoice date. This model is based in the world of paper invoicing and in the countries which have basically copied the old processes to the new world.   But with new technological possibilities governments are looking at new ways to tackle the so called VAT gap. And this is where the clearance model comes in. The clearance model has its origins in countries that have, to put it mildly, a rather high VAT gap. Or in other words, in countries where a lot of money is channeled past tax authorities costing the state millions. Thinking further, it causes the state to have less money to invest into education, healthcare and the likes, further manifesting the equality gap. Does it feel like I sound too much like Marx already? Don’t worry, that’s not going to be the case. Still, I feel it’s important to highlight that the VAT gap has clear implications on the lives of people in different countries and that it’s important to look for better solutions to solve this gap. And this is what the Continuous Transaction Control ( CTC) model is about. In countries that operate under the clearance model, the tax administration requires that invoices are approved before the supplier can send it to the buyer. There are several ways of doing this. But two most spread CTC processes are either "Real-Time reporting" or the "Clearance model". In case of Real Time reporting, the supplier sends the copy of the invoice (or most important VAT related data of that) to the government at the time when the invoice is issued and respectively the buyer reports the same information at the time of receiving the invoice. In this way the public sector can compare the invoice data and has an on-line visibility into the VAT situation of the country. In case of the clearance model the control from Tax Authority (TA) is even stricter - at the time the invoice is issued it is sent to the TA for approval and the supplier cannot deliver invoices to the buyer before the TA accepts the invoice. In some cases, such as Italy, a government channel is even used to transfer the invoice to the buyer. In short, instead of proving later that all taxes are paid, it is checked upfront and it has proved in the countries where it is already in use that VAT collection has improved remarkably effective. The clearance model in a way is a perfect win-win situation for the government, countries and businesses alike. It pushes countries further ahead on their digitalization curve to electronic invoicing and at the same time businesses can use these technologies to make life easier because they can deal with their VAT upfront without having to store a massive paper trail with the ghosts of invoices past. And lastly of course the state (and thereby the citizens) benefit because the clearance model helps to close the VAT gap. More...

H&Z Unternehmensberatung AG

11/1/2019

Procurement – managing the uncertainty?

„In what direction is procurement going and at what speed?“ That was one of the big questions at this year’s World Procurement Congress. „Speed is a question of direction,“ said Nandini Basuthakur, CEO of Procurement Leaders, in her opening speech at the Congress. The answer was fiercely debated at the two-day event, which focused on finding ways in which function can provide a competitive advantage in a fast-paced world. This year’s World Procurement Congress in London once again brought together the purchasing elite from all sectors. CPOs from Unilever, Heineken, Johnson & Johnson and Nokia talked about the direction of procurement, what projects they are working on and what the future will look like. It’s about managing the uncertainty, coping with it. It’s about risk and sustainability – especially in the consumer goods industry. Large companies in particular invest in CSR campaigns, while some of the savings are reinvested to push CSR. Almost all speakers mentioned that „sustainability“ or „social responsibility“ is an integral part of their business strategy and explained that procurement contributes to this. As a result, many of the best-known brands are launching large-scale CSR campaigns, such as Unilever, Mars Incorporated (Winner CSR Award), Clariant and, from a technical perspective, ecoVadis and integrity next. The issue of uncertainty remains. Purchasing must respond to fundamental new developments. Consistent risk management is called for. We rely on intelligent concepts in terms of value analysis, supplier collaboration and big data strategies. Many people are aware that business transformation and change management are the key to success. We all know the next disruption is on its way. No one can say when and how exactly, but it will come for sure. That is why we have to arm ourselves, because only those who are ready will not be injured. But if you’re well prepared now, you should not be put into a state of disquiet.

H&Z Unternehmensberatung AG

11/1/2019

h&z Management Consulting advised PARAGON PARTNERS on the acquisition of the DUO PLAST group conducting the commercial due diligence.

PARAGON PARTNERS has acquired the DUO PLAST Group. During the transaction process h&z Management Consulting advised on the commercial due diligence. The Frankfurt investment company VR Equitypartner GmbH and its co-investor Süd Beteiligungen GmbH have sold their majority stake in DUO PLAST Holding GmbH to the Munich private equity company PARAGON PARTNERS. Dr. Edin Hadzic, co-founder and managing director of PARAGON PARTNERS, emphasizes: „We are enthusiastic about DUO PLAST’s long-standing technological leadership, innovative strength and stable customer base. We look forward to jointly developing DUO PLAST and supporting the next growth phase with fresh equity“. DUO PLAST, headquartered in Lauterbach, Hesse, with various production and sales offices in Thuringia, Austria, France and Turkey, was founded in 1983 and is a leading manufacturer of packaging and stretch films. h&z Management Consulting supported PARAGON PARTNERS with a team from the fields of management consulting and business intelligence in the acquisition of the German DUO PLAST group including the associated companies. The advice included commercial due diligence. Team h&z Management Consulting: Dr. Markus Contzen (Project Partner Private Equity) and Christof Sonderhauser (Head of Business Intelligence). More information: https://www.paragon.de/#nav0 

OptiBuy Sp. z o.o.

11/1/2019

OptiTeam: the integration trip 2019

The annual, summer integration of OptiTeam has become a tradition. Our team is constantly growing, so it is worth to "cool the jets", change the surroundings and get to know each other in a less official extent  - to improve communication within teams and create even more effective team. On 6 June at Hotel & Spa Ossa in Rawa Mazowiecka, we organized an integration party combined with team building games. It was hot, there were puzzles, challenges, competitions - and loads, and loads of fun! :) Read more

Octa Light Bulagria Plc

11/1/2019

INDUSTRIAL LED LIGHTING FOR E. MIROGLIO SERBIA

The textile giant E. Miroglio continues partnership with Octa Light Bulgaria for refurbishment of lighting installations in its factories. Read more

MASOC

11/1/2019

MASOC at Alihankinta 2019

From 24th to 26th of September Alihankinta 2019, the leading industrial exhibition in Finland, will take place in Tampere. MASOC, LIAA (Investment and Development Agency of Latvia) and 10 member companies of association will participate in the exhibition and represent Latvian metal industry in two stands - A434 and E416. Read more

LPC

11/1/2019

LITHUANIAN PLASTICS CLUSTER AWARDED WITH BRONZE LABEL OF EXCELLENCE

Last year turned to be important for Lithuanian clusters and their milestones. The European Secretariat for Cluster Analysis (ESCA) awarded 8 more clusters with the Bronze Label of the European Cluster Excellence Initiative, ant the Lithuanian Plastics Cluster is one of them. The clusters is focusing on export and expansion of its international presence. Labels of management excellence positively influence reputation of the relatively young cluster and show hard work that was put in. The received Bronze label is an international recognition that opens up more opportunities for development in foreign markets and proof of its credibility and competitiveness in an international context. Read more

LINPRA

11/1/2019

#DIGINNOBEST: ADVANCED TECHNOLOGIES AND SOLUTIONS ARE THE RECIPE FOR MANUFACTURERS’ COMPETITIVENESS. HODA AND SARGASAS CASES

For years, entrepreneurs and industrialists have been talking about the concerning and ever-widening gap between rising wages and labour productivity. According to the Bank of Lithuania, wages in the country increased by 19 %, and productivity by as little as 2.9 % in 2012-2016 alone. But industries are encouraged to invest in progressive solutions and technologies that improve operational efficiency not just due to the above circumstance. Read more

Kayahan Hydraulics

10/31/2019

25-29. Juni 2019 Wir sind auf der METEC in Deutschland.

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ISKID

10/31/2019

ISKID stands and organizations attracted great interest in ISK Sodex 2019.

In ISK-SODEX 2019 fair held at TÜYAP Fair and Congress Center on 02-05 October, bilateral meetings with the representatives of foreign associations organized by ISKID, ISKID Dinner and ISKID Global Industry Reception took place with the intense interest of local and foreign sector representatives. Read more

VSK KENTAVAR - IZ DINAMIKA Ltd.

10/31/2019

12.09.2019 VSK KENTAVAR - IZ DINAMIKA LTD. Exhibitor at EMO HANNOVER 2019 – 16.-21.09.2019.

With nearly 2 200 companies-exhibitors from 44 countries, the exhibition area of over 180 thousand square meters, EMO HANNOVER 2019 is undoubtedly the leading format where all companies, defining the development of the industry, meet each other. This year's motto of the event is:  „Smart technologies driving tomorrow`s production!”,   because network connectivity and "smart data" will be mandatory for any future production planning. Visit us – Hall 4, Stand E03