Over the years, small to midsized manufacturing companies have pieced together multiple applications to run their operations, from accounting to order fulfillment, to sales and marketing. This infrastructure lacks many capabilities, limits visibility into essential business information and doesn’t allow companies to adapt to changing market conditions and new business models. This piecemeal approach results in companies trying to grow by adding even more systems or niche applications—which often aren’t integrated with each other and exacerbate inefficiencies.
Even though barcodes are easy to create, only about half of businesses are using mobile scanners in their warehouses and fulfillment centers today. For small businesses, it may seem like something to strive for when they’re bigger. The reality is that mobile scanning is easy and inexpensive to adopt, and you will likely benefit far earlier than you may expect.
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Expense reports are essential to monitoring spending and tracking the costs incurred from your business operations. Whether they’re monthly, long term or recurring, it's important to analyze this information to get a clear view of your organization’s spending patterns and trends to see if they match forecasts and where you can reduce costs.
If you’re relying on separate systems to execute your organization’s essential functions, chances are you’ve been faced with challenges regarding information accessibility, accuracy, consistency and so forth. It might seem like these challenges are a given and just growing pains as your business or nonprofit expands. The fact is, those growing pains are never ending unless you find a technology system that can support all aspects of your organization.
Your business must be prepped with the supplies it needs in order to operate. For that reason, having a reliable procurement process is essential for your business’s success. While going through the procurement process, you need to establish and maintain effective communication with vendors and guarantee accurate payment and purchase tracking information. This ensures you have what you need to accomplish your end goal of providing your customers with a high-quality experience.
Balancing supply and demand in your manufacturing or distribution business is a delicate process. Both an art and a science, good supply planning ensures that your business has the right combination of cost control, lead times and service level. Supply planning and demand planning go arm in arm in the manufacturing and distribution industry. Supply planning is part of supply chain management and helps determine how to best fulfill the requirements outlined in your demand plan.