The capability to leverage business intelligence and business analytics tools is critical for distributors. Intelligence helps you understand how well you’re operating and the reasons why. Analytics helps you predict what will happen and make the necessary adjustments ahead of time to achieve your business objectives. You can determine how things are going with vendors,…
At a glance, the ERP isn’t all that exciting. It’s a central database for the entire business — combining all departments, data, and processes in a single platform. But, the ERP’s “unifying powers” pave the way for business transformation at every level. We’re talking in-depth reporting, advanced financial management, AI-powered everything. We know these “benefits”…
Customers are accustomed to integration at every level. Virtual home assistants connect everything from refrigerators and thermostats to your customers’ phones. They fully expect a smooth technology experience when making purchases from you, including accurate inventory, correct pricing, and up-to-date product information. If that doesn’t happen, your sales and your bottom line will suffer. If…
We’ve all heard the age-old idiom, “A bad workman blames his tools.” But when it comes to working in a highly nuanced industry such as cannabis, the tools required to successfully run an airtight operation are crucial. To run a lean cannabis cultivation and processing operation, it is imperative to have a software solution that…
Are you playing Russian roulette or firing on all cylinders? Velosio recently asked friend and strategic partner, Andrejs Bunkse to share his experience with cannabis businesses that lack the proper cannabis inventory software, accounting or business management software. Having worked as a consultant for state regulators that control who gets (and keeps) commercial medical marijuana…
The Search for a New and Better System Solution “The challenge lies with inventory management,” explains Matt Bouton, “as well as the integration with our EDI providers and connections with all our partners and systems from our 3PL to our warehouses to our customers.” Surveying available alternatives, they had decided upon Microsoft Dynamics 365 Business…
Unlike NetSuite or SAP, QuickBooks isn’t a true competitor to Microsoft Dynamics 365. Sure, both platforms help SMBs handle basic accounting tasks, beyond that sliver of overlap, the two have little in common. While Dynamics 365 covers the entire business, QuickBooks focuses solely on accounting, forcing users to rely on 3rd-party integrations for full coverage.…
As wholesale distribution companies expand, it’s inevitable that with progress comes growing pains. Common tasks, procedures and workflows that were once easily manageable in a small environment become complex and challenging with the addition of staff and warehouses with siloed software solutions. Thankfully, advances in enterprise resource planning, or ERP solutions for distribution management, and…
If you are like most ERP users, you may find that while your information may be complete, there isn’t necessarily a clear picture of what it all means or what to do next. Out of the box, most systems don’t alert you to business events and even if they do, the required actions don’t flow…
Heavy equipment dealers, along with nearly every industry across the board, are caught up in information and system overload. If left unmonitored, it can be a major deterrent to the success of any business. Although every new piece of data available is not critical when it comes to better decision making, there are a few…
