You may have a long list of suppliers but do you know whether your suppliers use other suppliers to get the products you need?  Deep, complex supply chains can be difficult to manage.  What’s worse is that if there is Read more

 

It’s hard to imagine that a trusted employee would take advantage of your business, but fraud does happen.  So much so that the Securities and Exchange Commission (SEC) has created a new task force to investigate accounting fraud and improper Read more

 

Manufacturers and distributors have complex business operations that require robust business solutions.  Working with disparate, specialty solutions introduces delays, which can turn real-time data into old data, and data sets can be full of errors.  Multiply the confusion with multiple Read more

 

Manufacturers and distributors create a lot of business data.  Many use various business systems to manage inventory, production, shipping, customer relationships, and other operational data.  There may also be call centers, website communications, and prospects and customers alike may even Read more

 

Your customers have different needs in the products they buy, as well as when they buy them.  Trying to maintain safe inventory levels can become confusing when some customers need weekly replenishments and other’s need it monthly or quarterly.  The Read more

 

Are you stuck with too much inventory because your physical count was miscounted or sales forecasts were overinflated?  It can be challenging to manage high volumes of inventory as raw materials arrive to the warehouse, are used on the floor, Read more

 

What your customers ordered in the past may not be the same as what they will order in the future.  Products change in popularity and the marketplace can be fickle.  Knowing that, how can you make better inventory predictions so Read more

 

How well do you know your customers’ interests and how well can you match their demands?  Customer buying habits, the economy, and even seasonal demand (like upcoming holiday shopping) can have major influences on your inventory, sales, and customer satisfaction.  Read more

 

How does the procurement department rate within your business enterprise?  If your sales teams are by-passing procurement to get what they need from other managers, then you may be short-changing your profitability.  Procurement could be one line of defense against Read more

 

You  invest to add to your inventory at the distribution center, but what does it really cost when it sits around the warehouse waiting to get packed and shipped to a customer?  Connecting your accounting system with inventory control could Read more

 

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