The speed of business continues to increase, and unless your organization is running in front of the competition, you risk being left in the dust. With Amazon Prime 2-day shipping becoming the “norm,” more and more, customers are expecting faster order fulfillment. The only way to meet this increasing demand is to ensure you have an effectively managed warehouse. Optimizing your warehouse management system and operations will benefit your customers, your employees, and your business as a whole.
Business Automation and Software Blog
Cloud services are becoming more and more popular and available as technology continues to improve. Earlier this year, Garner projected that the public cloud services market will grow 21.4 percent in 2018 for a total of $186.4 billion. Software as a service (SaaS) such as ERP platforms is the largest segment of that market, with a projected revenue of $73.6 billion.
Greek philosopher Heraclitus said it best: “The only constant is change.” In business, companies are on the relentless pursuit of improvement, which usually means change. The systems they work with are no different. In order to grow and change along with the businesses it serves, SYSPRO ERP recently announced the newest version, SYSPRO 8. This latest release continues to add to the existing industry-built capabilities and is adding to the modules that support manufacturing operations management, quality management, and corporate performance management.
Perhaps a business owner’s biggest dream is for business to boom overnight, for unprecedented growth to increase profits, with the back-end power to sustain the improved output.
Unfortunately, for many businesses, the reality of a sudden increase in sales can be overwhelming. The list of challenges ranges from the management of extra resources and the handling of additional data to a bigger customer pool clambering for immediate, excellent service. Being able to efficiently match the scale of operations to the demand of the marketplace is critical for business success and sustainability.
With so many changes in technology that occur every single day—remember when your phone only made phone calls? —you might be surprised to learn that what you thought was a newer software solution in fact had its birth more than 50 years ago. Enterprise resource planning (ERP) software solutions may have come from early Material Requirements Planning software developed in the 1960s, but that doesn’t mean the modern ERP is outdated.
One of the biggest dangers a business will face won’t come from its competitors. It won’t come from the economy. It will come from inside, and that’s the danger of doing things the way they’ve always been done. Your organization may have progressed from an all paper operation to a few desktop computers to laptops, but if you’re not keeping track of day-to-day operations at the speed of business, you’re only causing yourself harm. If your systems have not kept pace with the growth of your business, you could be losing both business and money.
Topics: inventory control
As a manufacturer, you face a challenging and opportunity-rich environment. You must navigate changing demand patterns, manage global complexity, and meet growing sustainability and compliance requirements. One of the most common and costly mistakes a manufacturer can make is choosing an ERP software system that does not fit with their process. A good example of this would be a chemical producer who selects and implements software designed for a company that develops furniture or automotive parts. This is an obvious mismatch, but sometimes the specifics may not be so clear cut.
Let’s face it—as time goes on, it becomes harder to keep your warehouse as organized and efficient as you would like. The longer you’ve been in business, the harder it most likely seems to keep your warehouse flowing smoothly and efficiently. To improve warehouse efficiency and inventory control, companies must re-evaluate their processes and procedures. Bin locations that increase workload and picking methods that are not industry appropriate is just one example of how a company’s efficiency may be decreased by their current processes. But, you’re not on your own: Plenty of resources exist—such as inventory management software to track, manage, and organize product sales, material purchases, and other production processes—to get you on track. Check out these helpful steps to organize your warehouse properly and, ultimately, improve warehouse efficiency.
Material Requirement Planning (MRP) is a common term in the manufacturing industry, but what does it mean exactly? In short, material requirement planning is a production planning and inventory management system designed to manage manufacturing business processes. Its ultimate goal is to keep adequate inventory levels to ensure that the required materials are available as they are needed. The main objectives of material requirement planning include:
Today’s technology gives companies an advantage they have never had. With the ability to streamline processes and access data in real-time, companies can stay on top of their competition. In addition, today’s data analysis technology allows companies to foresee future events and plan accordingly. These tools, which include both enterprise resource planning software (ERP) and customer relationship management (CRM) software, give companies the power to control their success in today’s market. While similar at first glance, ERP and CRM platforms are distinctively different. Understanding each platform is critical to your system’s success.