ERP

The client relationship starts long before a purchase is ever made and continues even after the product or service is delivered. Keeping this in mind, it is important for companies to review their business processes and ensure that, whatever they are doing, client satisfaction is always top of mind. One of the things that many companies struggle with when it comes to maintaining customer satisfaction is the purchasing and order fulfillment process. As a distributor, [...]

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Up-to-date Inventory Information If you get a sudden visit by an accountant that wants to reconcile your inventory, with Mobile WMS you can easily track the inventory that he wants to be counted, and hereafter it can be easily done via the mobile hand scanner. In addition, you’ll get the option to customize this solution, so that only employees have the right to do a count or adjust the quantity with Mobile WMS. Precise Counts [...]

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Lack of Written Procedures and SOPs In a Standard Operating Procedure (SOP), clear stages are outlined for completing specific tasks in the workshop. Proper utilization of SOP improves communication and makes it easier to perform the necessary tasks for the work to move ahead. However, compliance issues tend to arise due to a lack of effective SOPs/Written Procedures. In addition, different issues prevent creating and using SOPs, including complicated language, lack of standardization, and inadequate [...]

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Today, industries use EDI integration to share a range of document types. The most common document flow exchanged between business partners’ computer systems are purchase orders, invoices, and advance ship notices. Several other documents are transmitted via various EDI formats depending on industry and region. Food retail or FMCG (Fast-moving consumer goods) organization: requests for quotations, order status inquiries, product transfer, resale reports, etc. An e-commerce company: booking confirmations, shipping status, customs documents and others. A manufacturer: motor carrier load [...]

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There are several definitions of EDI one might find. But, to put it plainly, EDI is the electronic exchange of essential documents (also referred to as messages) between businesses using a standardized format. Therefore, it replaces the practice of sending out paper-based documents that were earlier sent out by post, fax, and/or email. The use of EDI streamlines the communication process with the use of a standardized format. One of the older definitions of EDI by the [...]

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IoT devices fixed into assets are being used to record variables like vibration, temperature, humidity, and flow through at a much more granular level using IoT devices fixed into assets. Combined with advances in 4G and 5G – where we now have global network coverage – connecting and feeding data back from assets and devices is now simpler. Data from IoT devices flows into a data lake; from there, (AI is used to identify key [...]

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When you’re operating in the crane rental business, you know that transporting a large crane is not easy. To move and construct a tower crane or heavy-duty crane can take several days. Additionally, you need a lot of transport vehicles to get everything from point A to point B. The largest cranes can even take several hundreds of trucks to move them. They stay at their locations for quite a while, because such an enormous [...]

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Master Data Management (MDM) is a process by which the master data of your company is managed contemporaneously, providing a unified view of your organization’s internal and external data. Master data inclusively refers to the data of customers, employees, products, vendors, locations, services, contact mechanisms, accounting items and policies. As such large volumes of data are prone to inconsistencies, errors and duplication, it is advisable to adopt a master data management process for data cleansing, which [...]

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1.High overheads include lockboxes, manual matching, and bank fees, among other things, are some of the major pitfalls that a business owner should look out for.    2. Slow time-to-cash, which essentially means an uptick in DSO and a negative effect on cash flow. A lengthier or more complicated cash conversion cycle (time-to-cash) signifies that the company takes longer to earn cash. Small businesses may have operational issues as a result of these delays, which [...]

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Control When looking at new systems it’s important to have flexibility and control because: Each business is unique. Your payroll requirements are unique, too. Payroll must be managed in a way that reflects your distinct culture. There should be no blind spots. No workarounds. No kidding. You want a payroll platform that adheres to your business processes not the other way around. Bringing payroll in house gives you that control and access to all of [...]

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1. Does the solution have the full set of features that my business requires?  You will want to form sure that your new ERP software provides all the knowledge needed so your business can complete work on time and on budget. These are the functional areas that a contemporary robust ERP can and will support:     * Finance     * Inventory Management     * Production     * Sales     * [...]

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New technologies and changes within the business processes are making companies choose ERP modernization. A cloud-based ERP software modernizes your business in multiple ways, which includes: Adapting Innovations: Businesses are now beginning to cash in of technologies like machine learning, chatbots, and AI to enhance their existing processes and increase opportunities. However, to require the advantages of those advanced technologies, you would like to possess the proper platform to support them and seamlessly connect together [...]

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Managing a pharmaceutical company is far from an effortless task, especially as it’s one of the most complex and highly regulated industries of today. We’ll take a closer look at how important is ERP system for pharmaceutical distributors. As with most other industries, pharmaceutical companies are also expected to continuously increase their productivity, streamline their operations and optimize their competitive advantages. However, it’s not effective to oversee and handle this all manually. Rather, modern pharma companies [...]

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Even before trying to find a good eCommerce solution provider, selecting the proper eCommerce platform for your store should be the first step. Imagine the loss of your time, if you start finding the solution provider, spend time and energy, and later realize that the vendor does not offer the right solution match you require for your business.  At the same time, there are occasions where merchants are confused and don’t have clear visibility as [...]

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An ERP is one of the best ways to facilitate compliance because it increases the visibility, security, and traceability of your data. Not only will it reduce the time spent on tasks that can be automated, but it means you can rely on your data when it comes to audits and proving compliance. We show you five simple ways that ERPs can help improve compliance by streamlining your processes as you scale and grow. You [...]

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