Assuring Supplies for Continous Demand
A total of 70% of MBG’s fresh produce was imported from foreign countries while the remaining are secured from the locals. In order to maintain the quality and stocks of the fresh produce, MBG is dependent on three different sources for their supplies — farmers, exporters and agents. Other than having a short range of products, farmers could only provide a small scale output as the produce depends on the seasons. The exporters, on the other hand, have up to 20 farmers under their belt; which means they are able to obtain as many stocks as they want or need. However, the agents serve as the main source for MBG to purchase various fruit products since there will be daily transactions between the agents and other fruit sellers.
LETSB's Initiative to Improve Business Operations
LETSB has identified the Key Performance Index (KPI) to ensure its business operations comply with established financial practices and procedures. The company will strive to maximise income and control expenditure by effectively controlling and managing costs, optimising resources, and maximise revenue collection.
Teaming Up to Open More Possibilities
Apart from the conventional cash and credit card payment system, all of Cibiuk outlets are equipped with multiple cashless payment systems, such as the Boost app and Touch n Go, in an attempt to provide the customers with convenience and flexibility to make their payment.Since the launch of the food delivery service provided by Grab in 2018, restaurants on Grabfood have also recorded an average increase up to 20% in revenue. Cibiuk tapped into this channel in order to stimulate its transaction growth during the identified low peak hours from the POS system and subsequently created a systematic operational flow that fully utilises the digitised platforms.
Supervising the Operations from End-to-End
Secret Recipe has strict requirements and control over food quality, including raw materials for export. Secret Recipe has invested heavily on machinery and technology as productivity booster, streamlining business unit’s work and eliminate potential human errors. From manual, mass production to automation, Secret Recipe has deployed more automated systems onto the assembly line to perform human tasks that enabled Secret Recipe to supply high and consistent quality products to worldwide outlets. Secret Recipe engages local audit in franchisees’ country to assure the service and product quality is consistent and in compliance with the Malaysia HQ standards.
The Edge Malaysia - What Employees Think Of Work (23 December 2019)
It's the time of the year when employees negotiate salaries and increments, start job hunting and look for a career change. Interestingly, recruitment agency Michael Page found Malaysians still fairly optimistic about the job market in 2020 despite the constant barrage of news forecasting a slowdown in the economy next year. The survey found that the top reason for employees resigning is because of better opportunities elsewhere. The survey also revealed what Gen X and millennials see as important in their work place.
The Edge Malaysia - How Malaysian Companies See Business in 2020 (16 December 2019)
Despite external headwinds, Malaysian companies are not as gloomy about their business prospects next year as one might expect. HSBC's latest global survey, "Navigator: Now,next and how for business", which gauges business sentiment and expectations of trade activity and business growth of 9,131 companies in 35 markets - including 202 firms in Malaysia - indicates that Malaysian businesses are optimistic about the outlook for the year ahead. In fact, 81% of businesses forecast sales growth next year, largely through improved productivity and entry into new markets. Nevertheless, confidence is not unanimous across Malaysian firms, with almost 31% of companies more pessimistic about growth than a year ago - considerably more downbeat than the global average (18%). Read on for other interesting results from the survey, which was conducted between August and September this year.
The Edge Malaysia - Commendable Improvements in Corporate Governance (18 November 2019)
To achieve long-term success against a backdrop of ever-changing dynamics, companies need to ensure that the core values of good governance remain a fundamental focus. After assessing 866 public-listed companies in Malaysia based on the Asean Corporate Governance scorecard for the MSWG-ASEAN Corporate Governance Awards 2018, Minority Shareholders Watch Group says there were commendable improvements in companies disclosing CEO's remuneration, number of companies giving notice of their annual general meetings (AGM) at least 28 days before the event as well as implementation of board diversity.
The Edge Malaysia - It's All About A Sustainable Transport System (28 October 2019)
The government recently unveiled the National Transport Policy (NTP) 2019-30, which aims to provide strategic directions and acts as a reference point for ministries and agencies to develop an efficient, integrated and sustainable transport system.
The Edge Malaysia - Bringing Talent Home (30 September 2019)
The brain drain problem is not new. Anecdotally, Malaysia loses out on great talent all the time to our fiercest competitor across the Causeway. Hays Malaysia in its 2019 Asia Overseas Returnees Report highlights that 46% of employers in the country feel less confident about being able to find and secure essential talent to drive business growth.
The Edge Malaysia - Malaysia's Critical Occupations List (23 September 2019)
Our shift to an economy based on high productivity and knowledge creation has resulted in shortages in the labour market. Since 2015, the government has come up with an annual critical occupations list (COL), which basically registers jobs that employers want to fill but have difficulty filling. These are jobs that are middle or high-skilled, sought-after and strategic. The COL is designed to be a tool to help policymakers make decisions, including on education and training programmes, says the World Bank, in its report "Monitoring occupational shortages - Lessons from Malaysia's critical occupations list". Here is the 2018/19 list, which comprises 59 jobs, ranging from managing directors and CEOs to mechanical engineers, software developers and lorry drivers.