Distributors with successful distribution chains have well-laid strategies to keep track of all activities in goods management until they reach their last destination. Item management is vital, as any mismanagement of goods leads to incorrect order deliveries and dissatisfied customers. All businesses’ primary goals are to satisfy their customers’ needs, and when you have unhappy customers, you will close the deal sooner.
During and after the pandemic, the eCommerce business has boomed rapidly. Now, more than ever, every business needs to maintain a well-established eCommerce store to remain competitive in their markets. One way to stay up to date with your eCommerce store is to get an effective enterprise resource planning (ERP) system to achieve your business success.
As a distribution company, you might be feeling overwhelmed with the amount of inventory you have or how to organize and replace it. Having a strong and efficient inventory replenishment method can help you streamline your business processes to meet the high demands you are facing from your customers. In this article, we’ll go through the basics of inventory replenishment and how having it can help you as a business owner.
When you’re in the process of selecting a new enterprise resource planning (ERP) solution, there are a lot of factors that need to be considered. You should be looking at your business’s potential growth and thinking about the people who will be overseeing the processes held within the system. It’s vital to take on a bit of due diligence as you decide which systems will work best for you and which processes you’re trying to aid during the evaluation activities.
Over the last few years, the world has seen a spike in eCommerce, and 2020 certainly lent a hand to this industry. As people were confined to their homes and afraid or unable to go to stores to buy the products they needed, eCommerce became an absolute necessity for households all across the world. Each day, more and more distributors, retailers, and manufacturers are jumping on the eCommerce bandwagon, increasing competition and making it harder for companies to stand out above the crowd. According to recent data, worldwide eCommerce sales exceeded $4.28 trillion in 2020, with U.S. eCommerce sales accounting for $215 billion in just the first quarter of 2021.
When it comes to supply chain management, there’s a lot of room for errors, but if you have the right plans in place, there are also plenty of opportunities to increase profit and enhance employee productivity. In fact, you can even boost your profits in times when you’re not even making sales. That’s because an optimized supply chain management system can reduce your costs and automate your supply chain in ways that work best for your business as a whole.
When you’re trying to find the right ERP system for your business, you’re faced with a lot of decisions. Which brand is best for you? How much should you pay? If you’re considering investing in an ERP, you’re probably interested in integrating the most important parts of your business so you can bring together planning, purchasing, inventory, sales, marketing, finance, and human resources. On paper, this sounds great, but how do you go about doing this in real life?
Changes in buyer purchasing patterns picked up steam as the pandemic raged in 2020. As a result, retailers need a modern financial solution, one that is flexible and supports technologies, like cloud, mobile, or even curbside pickup. In response, the Acumatica team has been working diligently to enhance their Cloud ERP suite, so it surpasses these market demands with the release of Acumatica 2021 R1.
With the groundwork laid for ERP modernization, now it's time to go live and continue to improve. Today, we explore the path to and beyond go-live day and discuss the options that you have for continuous improvement.