If you are a distributor, what business are you really in? On a day-to-day level, your business sources product from suppliers, stores it until it’s sold, and then transports it to customers. In its essence, though, a distributor is in the money management business. You’re taking cash and turning it into inventory. Any operational or [...]
As technology becomes more integrated with the way businesses are run, stronger importance is placed on connectivity and ensuring that any automated processes work in tandem to complete the intended tasks. ERP software creates a mainframe for an operation to run on, be it product planning, development, manufacturing, sales and marketing, and more. Why ERP [...]
Throughout the supply chain, properly managing inventory is one of the most critical tasks of a business. Fully accounting for where raw materials, customer orders, and everything in between lies allows any organization to run a streamlined operation, reduce waste, and improve customer service. One key component of proper inventory management is accurately overseeing stock [...]
