For wholesale distributors managing complex supply chains, understanding the complete cost of inventory goes far beyond the purchase price shown on a supplier’s invoice. Every shipment that arrives at your warehouse carries hidden expenses that can significantly impact your profit margins—freight charges, import duties, insurance premiums, handling fees, and numerous other costs that collectively determine […]
In an engineer-to-order (ETO) environment, estimation can often be one of the most critical parts of your business. Estimation processes involve your sales, engineering, production, and marketing teams coming together to scope, spec, cost, price, and quote finished product for your customer. When everything is working smoothly and facilitated by your ERP software, estimation allows […]
If you’re a publisher or book distributor, searching for a new ERP system can be daunting. Because the book industry is so unique, not every solution is feature-rich enough to help you bring all your systems under one roof. If you’re looking for a new software solution, don’t settle for a system that will force […]
If you’re looking to increase your bottom line and cut expenses, your shipping department can be a great place to start. It’s easy to get comfortable with your shipping spend, and since bills from shipping carriers are generally consolidated, it can be easy to miss opportunities for cost savings on your inbound and outbound shipments. […]
When business leaders begin planning areas for improvement in a new ERP implementation, the warehouse is all too often ignored. But the warehouse is often an area where automation and reporting can deliver immediate impact through powerful warehouse management (WMS) features in modern ERP solutions. This article highlights just a few of the ways you […]
Accounting fraud can be a costly problem for business owners. A recent study from the Association of Certified Fraud Examiners estimated that, on average, organizations lose 5% of their revenue to fraud each year, with a median loss amount of $140,000. The same study revealed that internal controls for fraud prevention, including proactive data monitoring […]
In a modern manufacturing environment, an ERP solution isn’t just an accounting system. Strong ERP products can be put into play as an integral part of your shop floor production processes, with data collected in realtime for analysis, reporting, and calculation of margins and variance from plan. But as with any software program, the insights […]
As online sales increase, processes that were manageable back when you were getting a few dozen orders a day can suddenly create huge headaches when your daily order count is in the hundreds or thousands. These headaches lead e-commerce site owners to spend too much time juggling paperwork and multiple software programs, when they could […]
When we launched our B2B Customer Portal module, we knew it was uniquely positioned to deliver nearly immediate ROI to our customers. Providing customers with 24/7, mobile-friendly, self-service access to common tasks like placing orders, checking stock, paying invoices, and accessing marketing resources means you can increase customer satisfaction while decreasing your customer service team’s […]
Adopting an ERP only secures gains like improved efficiency or greater flexibility if your team actually uses the software when management stops looking. The best way to achieve this is to have a change management effort that ensures your ERP selection is providing real-world benefits by making processes smoother. In this piece, we’ll look at […]
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