We all know that cash tied up in inventory simply reduces opportunities to expand sales and grow your business. Careful inventory management provides businesses with a financial boost, as well as enabling others in your organisation to provide the ultimate customer experience through providing what a customer or market requires, whenever they need it.
With ecommerce celebrating its 20 year birthday milestone recently, it comes as no surprise the online store has evolved to become an incredibly powerful sales tool that is a necessity for most businesses today. According to a NAB report, online sales has increased by 26% and further research from the United States indicate online sales in the automotive aftermarket industry will grow 13-14% per year for the next few years.
From loyalty programs to mix ‘n’ match promotions, these clever features can give retailers the edge over their competitors.
Implementing a new ERP system or overhauling an existing one requires a considerable investment of time and effort. Where do you start?
A challenge we often hear from our customers is:
More businesses are using technology to handle credit control in an efficient and cost-effective way.
Predicting what the key technology priorities will be in five years is a challenging game. Companies that stay ahead of the curve can gain a clear competitive advantage, but choosing the wrong direction can be costly.
Enterprise resource planning (ERP) will advance considerably over the next 12 months. The rise of the cloud and a new emphasis on software means a greater flexibility in ERP solutions that can drive a business in new ways.
Customer relationship management solutions, also known as CRM or xRM, give businesses of any size the power to use organisational data to enhance the value of customer experiences. Contact management is the key function used in the business environment. However, CRM can be integrated with other business or third-party applications to gain greater business benefit.
Stock or inventory management is the process of overseeing the flow of items into and out of your inventory. A well-functioning stock management system keeps stock costs under control and helps to achieve positive cash flow.