To Spend or Not to Spend (on an ERP System) – That Is the Question

From the title, you may have thought you were reading a play by Shakespeare. Don’t worry that is about all I remember. When thinking about spending we have to remember that it can take many forms such as time, resources and of course money. Well, let’s take a look at some decisions we make that […]

Service: the ‘Other’ Spoke in the Economic Wheel

When looking at the pieces of any economy you can break it down into different parts or segments.   All unique pieces when put together complete an economy, however, fulfilling different purposes.  To keep things simple, we’re going to look at the economy from two sides – goods and services.   Goods are products that can be touched or consumed that are created by […]

Setting Goals / KPI’s for your Purchasing Department

Establish, monitor, and follow department goals / KPI’s It is the start of the new year. You have most likely made some New Year’s resolutions for your personal life, but have you made any goals in your professional life? In our business, we have the opportunity to work with many different clients and we often […]

Manufacturing for Today

Manufacturing today….and looking at tomorrow. 2020 started with a robust and growing economy.  Unfortunately, that changed quickly in March with a worldwide pandemic that affected all of us.  Labor markets, resources, supply chains, and the basics of supply and demand all changed.  Faced with the challenges of having to change operations to produce either different […]

Inventory Turns

One of the Key Metrics or Key Performance Indicators KPI’s that are discussed and reported on is Inventory Turns. You will also sometimes see Inventory Turns referred to as stock turnover, stock turns. This metric is one that is normally reported on by companies that carry inventory on hand. The Inventory Turn ratio is, in […]

What Is ERP?

By definition, ERP (Enterprise Resource Planning) is a software that combines all the functions needed for a business to operate.  Since there are many aspects to a business such as inventory management, accounting, sales, accounts receivable, accounts payable, and human resources just to mention a few, an ERP solution integrates all these functions into one […]

ERP Software License Types

If you read my October blog titled “What is the Cloud?” you may have learned what a definition of “the cloud” is. If you missed it, you can view that blog here. Some ERP software publishers classify that they “are in the cloud.”  Some also say they have on-premise licenses; and some refer to them […]

What Is the Cloud?

We all have memories; Some better than others and some of us remember things differently. I can still recite many part numbers from a manufacturing company I worked with for over 22 years and which I left 26 years ago. Some say that I have a great memory yet I cannot recite my children or […]

Warehouse Management System Terms and Definitions

If your business includes a warehouse or multiple warehouses you probably are familiar with some terms and definitions that apply to warehouses. This document may help you it your business is expanding or you just want to keep up on the latest WMS terminology that you have heard around the office water cooler or perhaps […]

SAP Business One vs QuickBooks from a Customer Perspective

You have probably read numerous articles on the differences between QuickBooks and SAP Business One. This article gives you a customer perspective and includes comments from a few of our clients in addition to a summary of some of the differences compiled by LBSi. QuickBooks is an Accounting System. SAP Business One is an ERP […]