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2020 changed the way that product-based businesses needed to work. Whether the change impacted a traditionally bricks-and-mortar retailer looking for opportunities to undo the damage of lockdowns, a distributor seeing increased pressure to embrace technology, or a manufacturer looking to pivot, many players in each of these industries turned to ecommerce to keep the money flowing in.
In our last blog exploring the role of an ERP partner in helping you through your ERP selection and implementation journey, we highlighted the importance of communication and needs documentation, noting that this is a critical step not only for getting the right functionality, but in driving excitement for a project.
ERP is like surgery, and if you're going to approach anything as complicated and process-based as this, you're going to want to understand what the surgeon is going to do between the anesthesia and sewing up.
2020 was, in a word, unprecedented. Combine pandemic-driven lockdowns, recession, and an election thrown in for good measure all combined to make for an interesting time. And with all the uncertainty that the year brought, change was an imperative. From state governments limiting or restricting capacity in stores to increased safety measures, evolving customer expectations, and challenges in the supply chain, retailers needed to turn on a dime to keep up.
Every distributor is different. Different products, different suppliers, and different locations—all scientifically chosen to maintain margins, improve delivery speed, and ultimately ensure that the supply chain remains in a state of flow. But there’s another area in which they are different as well—technological maturity, risk tolerance and goals. In turn, this leads to distributors living in different realities, existing in different stages of their warehouse modernization journey.
Better usability, functionality, and flexibility are on the horizon for Acumatica users in the coming months. Acumatica’s 2021 R1 release is on the horizon and everyone in the system—users, prospects, partners, and analysts—are looking forward to the enhancements and improvements expected in the coming update.
Last month, we discussed the potential value that a FastTrack implementation can have for your business, combining a 90-day or less project with minimal configuration.
As always, the holiday season left retailers scrambling to keep up. Even in the midst of a pandemic, lockdowns, and recession, money flowed in, beating the -1.4 percent month to month sales projection and resulting in 2.9 percent more sales than December 2019 and a 4.0 percent over Q4 2019.
Over the past decade, wholesale distribution firms have been exposed to new processes and technologies. While not everyone has made the leap into a modernization initiative, many have.
2020 is over, but the challenges that go alongside it remain. After the wild ride that was the last year, many are wondering whether the coming year is going to be better, worse, or more of the same.