Written By: Dan Diaz and Jeff Wall The COVID-19 (Coronavirus) Pandemic is causing anxiety and uncertainty in the global economy, but creating an opportunity and necessity to evaluate and manage cash flow properly. This crisis is putting many businesses in unfavorable cash positions. In a competitive environment, “cash is king,” the fuel that keeps the
The Golden Rule applies in manufacturing, too — treat your customers the way you would want to be treated. When you can meet customer demands effectively and efficiently, you’re gaining the loyalty and repeat business that keeps your company alive. With a manufacturing ERP, customer demand doesn’t have to be a battle. A good ERP
When your supply chain works as it should, the right products and components get to the right place on time and work just right. Of course, things often go wrong at any of these points. If one part of the inventory management and the supply chain falls apart, a domino effect can leave your company
Manufacturing productivity and efficiency requires a streamlined approach, with as much automation and smart business processes as possible to maximize the time available for the real work of manufacturing products. Improving manufacturing productivity often means working smarter, not harder. When your business processes and software solutions are working for you with little need for manual
What would a business be without its customer relationships? The answer is simple — unsuccessful. Companies in the United States are losing $62 billion a year owing to poor customer service, a number that has ballooned over the years. The same research shows that one of the biggest reasons customers switch companies is because they
If you think that your inventory management could use some technological help, you’re not alone. According to The Motorola Future of Warehousing study, an estimated 66 percent of retailers are making significant investments in warehouse and inventory management technology. You may know how crucial inventory management is to profitability and productivity. The numbers support that, with upgraded inventory
Instead of manufacturing already-completed designs, Engineer-to-Order, or ETO manufacturing companies, design products based on customer specifications. These products are often complicated, and clients are usually heavily involved in every step of the process, adding to the pressure! Also, ETO manufacturers won’t know what materials or tools they need, nor the order-to-fulfillment lead times, until the
In today’s interconnected and fast-moving world, clients, governments, and stakeholders want manufacturing transparency. Everyone wants to know how your supply chains are connected, to whom they are connected, and what that information means. Consumers and overseers alike are concerned with fraud, ethics, quality control, and labor relations. They want to trust that the final product
When your company can reduce manufacturing costs while increasing production, you’ll be in a fantastic, competitive position. It may be more attainable than you think, especially when you have the right ERP software on your side. Reducing manufacturing costs comes down to efficiency, which is precisely where an ERP can help your business make improvements.
