June 30, 2020
Virtually every Club that sells and serves wine, beer, and spirits, manages the asset as an inventory account. The decision to purchase products “directly”, where the cost of the products are recorded when purchased, or through “inventory” when the cost of the products are recorded when sold or moved to a direct ledger account, resides with the CFO. The CFO is directly responsible for asset management, and inventory is an asset. However, the responsibility of taking inventory and managing inventory, including purchasing and receiving, falls into the operations team.
June 17, 2020
CedarCreek Systems is a value-added reseller (VAR). Their deep knowledge of the Club Industry combined with their customer-centric approach to implementation customer service and relations, provides exceptional value to their stakeholders. Deep industry knowledge of the very specialized Club industry enables CedarCreek to identify areas of “need” and then research, identify, and partner with various software and service providers. These partners frequently improve and enhance their functionality based on CedarCreek's intervention. We are club industry experts who love the club industry.
June 10, 2020
A Marketplace, in the jargon of CedarCreek Systems, represents the technology and service platform that contains the services, technology products, and functionality that are used by a Customer’s end-users and managed by CedarCreek. The Marketplace approach that is used by CedarCreek has numerous Customer and User benefits that include single-source support and sales, efficient implementation and product, service and functional expansion, and a “cradle to grave” relationship with the club industry’s leading value-added reseller of business process improvement solutions.
May 18, 2020
A GPO (Group Purchasing Organization) leverages the collective buying power of its members to obtain bulk discounts from manufacturers and distributors. On an overall basis, growth in GPO purchases have grown on average at just over 7% per year since 2014 within the relevant segments.
May 1, 2020
Compliance and “best practices” can be used interchangeably depending upon the process and objective. The club’s protocol for approving invoices and purchases is a component of compliance and a best practice. Selecting which locations and items to count at month-end is a best practice.