Insights & Information regarding enterprise resource planning software from a leading industry e
Tags: Sage HRMS
As Chief Financial Officer (CFO), it is your responsibility to ensure the financial health and stability of your business organization. This requires a lot of time and energy spent searching for and analyzing business data, compiling information into tables and charts, and presenting facts to the rest of the C-level suite. The numbers and information you study on a daily basis serve to help the executive team make decisions about the company’s future and align the business’ current reality with their vision. In short, your job plays a more vital role in the future of your company than you even realize.Read More
Tags: Business Intelligence
How many of your employees have left your organization within the past year? The past five years? While you may not be losing all of your employees, losing even one can have a significant impact on your business. Losing an employee is expensive. You are not only losing a valued member of your company, but you are also losing years of experience and knowledge, the money you have poured into that position, and the time you spent training up that employee for his or her role. The amount of time and money that will need to be spent to find a replacement can seem daunting – even impossible in some situations.Read More
Can you name the top pain points in your warehouse? If you are like most warehouse managers, these warehouse management “pains” are generally not far from your mind. Anyone who is in the manufacturing and distribution industry knows that warehouse management comes with its fair share of challenges and frustrations. In fact, they are inevitable in the business.Read More
Are you a professional services executive struggling to determine how to help your Professional Services Organization (PSO) improve profitability? There are several factors that could be impeding your efforts, such as expansion costs (compensation, facilities management), adjusting to regulations in new environments, and billing complications. According to a study by SPI Research, “Five Key Performance Indicators for Greater Financial Success,” in order to achieve profitable growth, PSOs must focus on “maturing” their people, processes and systems. PSOs are often met with hurdles that can hinder their profitability, such as increasingly tough client demands for better service and value, dispersed allocation of project resources, and inconsistent methods of billing and invoicing.Read More
Is your sales team struggling to make connections with new customers? Do they seem to be dropping the ball more times than not when it comes to winning (and keeping) customers? If you answered yes to both of these questions, refrain from placing the blame entirely on your sales team. In today’s highly competitive market, the task of attracting and winning new customers can be difficult.Read More
If your distribution center is struggling to keep up with demand, you are not alone. As in-store and online sales continue to increase, distributors are scrambling to fill orders faster than ever without losing the accuracy they’ve always maintained. While an increase in orders is always good in terms of revenue goals, it can wreak havoc in the distribution center itself, particularly if the right tools and technologies are not in place to prepare for such sudden growth.Read More
Tags: distribution software
Inventory. The word alone is enough to invoke feelings of panic and anxiety in even the most level-headed warehouse manager. Keeping up with inventory demands is a full-time job, one that many managers perform in addition to managing the warehouse. Because warehouse managers do not have an abundance of time to dedicate to their inventory situations, many companies suffer in the area of inventory management.
Unable to dedicate the time and resources required to manage inventory effectively, inefficiencies often appear. These inefficiencies extend their reach beyond the warehouse, impacting various areas across the business. Take a look at the following common inventory situations, and see if you can relate:
- You have too much inventory on hand, leading to wasted cash.
- You are constantly experiencing inventory shortages that lead to stock-out situations, resulting in customer dissatisfaction, lost customers and missed revenue opportunities.
- Your inventory numbers are inaccurate, leading to inaccurate balance sheets. This has the potential to impact your company’s credit and financing.
- You are experiencing longer lead times, prompting an increase in the cost of a sale and reduced cash flow due to delayed revenue recognition.
- You require substitutions in order to fill orders on time, leading to added labor costs, an increased return rate, and poor customer satisfaction.
Inventory management solutions bring visibility back into the warehouse
The most common cause for the above issues is a lack of visibility in the warehouse and across the company. Poor visibility can lead to greater problems down the line and significantly impact the bottom line. All of these inventory inefficiencies can be avoided through the implementation of an inventory management solution.
Inventory management technology, such as barcoding solutions and special inventory management software, can help companies see the whole inventory picture. Companies can be alerted of inventory shortages before they occur, allowing them to order inventory in time to meet product demand and satisfy their customers. Barcoding technology enables companies to automate data entry, ensuring that the data being inputted into the warehouse management solution or ERP system is accurate and reliable. This gives warehouse managers peace of mind, allowing them to focus on more pressing warehouse-related issues.
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Windows Server 2003 is going the way of Windows XP. Are you ready?
There will be no more security updates or technical support for Windows Server 2003 and Windows Server 2003 R2 operating systems after July 14, 2015. It is very important that you migrate to a modern operating system such as Windows Server 2012 R2.Read More
After purchasing a new ERP system but especially with an upgrade, it's easy to underestimate the value of training in the project. Training is a critical part of any project and helps to ensure that you get the most return on your ERP investment.Read More
Tags: Training Classes