Distribution software can help you optimize inventory management. Good inventory management balances supply and demand, leveraging predictive analytics to ensure adequate inventory levels to meet potential demand. Because inventory represents a major asset, ensuring that stock levels are just right—neither too much nor too little—means you have enough items on hand to fulfill orders but haven't invested more capital than necessary in inventory.
Topics: Distribution Software
Your manufacturing operation is doing well. The company has loyal customers who order regularly, and your sales team is finding new ones regularly. As a result, orders are up, and your operation is expanding. This is excellent news but growing a business can mean new challenges and reasons to celebrate. As the operation gets more extensive, you’ll need to consider replacing the accounting software you’ve become comfortable with. You’ll want to consider upgrading to an ERP manufacturing system.
Topics: ERP manufacturing system
Artificial intelligence (AI) has changed the business landscape and how people work. This cutting-edge technology is responsible for transforming company operations, improving decision-making, and creating more personalized customer service. Specifically, AI positively impacts the CFO’s work in several ways and can potentially boost the company’s return on investment (ROI). Continue reading to discover how CFOs can use AI to make a difference in their organizations.
For some people, the idea of artificial intelligence (AI) in the workplace immediately brings to mind negative thoughts. They picture a scenario where "the machines have taken over," similar to the plot of the Terminator films. The truth is much more favorable for humans: we are collaborating with AI to perform several jobs, but there is no reason to believe that we must worry about Cyberdyne Systems running everything and humans having to go underground in real life.
Moving to e-commerce from traditional sales channels isn’t a new idea for manufacturers. This strategy has likely been considered and planned over the table at multiple meetings and budget reviews.
If your company hasn’t made this move, it’s normal to wonder whether it’s too late to adopt e-commerce for manufacturers.
Topics: e-commerce for manufacturers
Your business is in a good place. New customers are coming on board, the number of orders is up, and the manufacturing division is growing. These are exciting times, but expansion presents many challenges, too. As the operation scales up, you will likely need to consider upgrading your manufacturing accounting system.
Topics: manufacturing accounting
In a sea of competition, efficiency is key to success. Leaders need to consider how they can provide the most value to both customers and suppliers. In this blog, we’ll explore various strategies and techniques to achieve distribution optimization in order to place your company on the path toward increased profitability.
Topics: distribution optimization
Manufacturers with the right business intelligence can stop guessing when making decisions. Company managers can use real-time visibility into their business processes to anticipate their next move. It can be compared to looking through a windshield on a sunny, clear day instead of trying to drive in foggy conditions.
The ability to produce accurate, relevant reports promptly is an easy task. Nothing could be further from the truth. The amount of data companies must organize and manage has surged over the past few years. Unfortunately, many companies find it challenging to filter and support such a large volume of data.
In the post-COVID era, many distributors find several factors squeezing their profitability. Hiring and retaining employees continues to be a challenge. Demand for products varies, and as well as lead time to replenish necessary stock varies, leading to shortages. Rising inflation pressures distributors to stay profitable due to consumers' increased demands and higher supply costs. The business environment for all distributors is good news; those focusing on operational efficiency outperform their competition.
Topics: operational efficiency
The manufacturing industry is having its share of difficulties attracting skilled employees. As a result, manufacturers struggle to optimize productivity in their warehouses. Job seekers may avoid applying for available positions, thinking that warehouse work is dark, dirty, and offers no opportunities for advancement. Manufacturing warehouse automation improves the working environment for employees while improving productivity for the company. It’s a win-win situation.
Topics: ERP chat bot
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