How ERP Systems Benefit the Distribution Industry
A distribution company is only as good as its ability to get products to the customer. An ERP system can benefit the organization by streamlining its processes and giving everyone in the company access to the same information. ERP software is a management tool benefitting the distribution industry and helps them succeed. What are some […]
Top 5 Reasons to Implement an ERP System for Your Manufacturing Business
If you’re a small to midsize company in the manufacturing sector you realize the need for an ERP solution. Between managing production schedules and dealing with suppliers, it’s easy to lose track of what’s going on. This is where ERP software for manufacturing comes in handy. An ERP system can help you manage your business […]
Inventory Management Policy
Inventory management is important for almost any type of company. It is the backbone of any successful business. If you do not have an Inventory Management Policy, you are setting the business up for disaster. The following are the top 6 reasons that you need to establish and maintain an inventory management policy: 1. Warehouse […]
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 […]