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.
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:
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.
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.
Enterprise resource planning, or ERP, creates an environment in which various systems and processes including inventory, accounting and personnel are integrated under one software solution.
In today’s competitive environment, managers are anxious to stay well informed of what's happening within their business and throughout their industry. As a result, businesses are placing more and more emphasis on the integration of Business Intelligence (BI) and Enterprise Resource Planning (ERP) systems as a platform for informed decision making. But despite the best intentions, many businesses are struggling to implement BI and ERP software systems effectively. The key to effective implementation lies within understanding their wider purpose within your business.
The Global Financial Crisis put Business Intelligence (BI) and Enterprise Resource Planning (ERP) integration in the spotlight. We needed to know urgently what was happening in our businesses and why.
If your business engages in wholesale distribution, maintaining efficiency while reducing expenses is an important pursuit.
