For distributors, performing physical inventory counts can be a tedious and time-consuming task. It’s often seen as a necessary evil, but it doesn’t have to be a painful process. By implementing some best practices, you can minimize the pain of inventory physical counts and improve accuracy. Here are five tips to help you achieve a…
Traceability is a critical aspect of the distribution process. It refers to the ability to track products and materials from their origin to their final destination. Traceability allows power distributors to identify the source of any quality or safety issues, determine the location of inventory, and comply with regulatory requirements. However, bad traceability can have…
Your top retail customer calls in for pricing and availability for 500 white wedding hydrangea shrubs. The sales rep isn’t sure what’s available and asks if it’s OK to call the customer back. The customer is a little miffed as they’re under pressure to find the shrubs but says they’ll wait for the call. The…
A cash forecast is used to monitor a company’s projected cash requirements for a specific period of time. Cash forecasting helps a company to understand the cash effects of sales and expense variances, changes in AP and AR activity, cash spending plans (e.g., capital spending), or changes in cash reserves. Some companies complete the forecasts…
How goods move through your warehouse facility affects your organization’s overall profitability. That may seem like an overstatement, but a quick look at the data related to labor, errors, and even simple floor space show that warehouse operations are crucial to productivity and, ultimately, profitability. Assess Your Warehouse Layout Before making any changes to your…
This post is the fourth of our ERP implementation series. If you want to start from the beginning, or learn more about prior ERP implementation phases, take a look at: Navigating the ERP Sales Process: Successful VAR Selection Navigating the ERP Sales Process: Pre-Sale Requirements Review Preparing for ERP Implementation: Getting Started on the Right…
Too often, the ERP conversation focuses too much on high failure rates and lofty, but vague promises re: AI and automation, or the hidden power locked inside existing data sets. These tried-and-true bullet points strike the perfect balance between fear and possibility – aka they’re great for selling massively expensive enterprise software. The problem is,…
What is First-Time Fix Rate (FTFR)? First-time fix rate (FTFR) is a metric used to track how often field service jobs are completed on the very first visit. A job is considered “completed” when a service technician fixes a problem, and there is no need to return for the same problem within the allotted recall…
Project management is a business. As in any business, to survive, there is a constant need to add new goods and services to reach a larger number of customers, to drive sales. There are project management courses and schools. Degrees can be earned in project management at many universities and through various project management groups.…
Microsoft has announced that sales of on-premises versions of their SMB ERP solutions, including Dynamics GP (Great Plains) and Dynamics 365 Business Central on-prem, will conclude in October 2025. As business technology has evolved, most businesses are adopting cloud-based solutions like Dynamics 365 Business Central, which offers more flexibility, scalability, and security than on-prem counterparts.…
