low cost inventory management software

3 Low Cost Inventory Management Software You Can Buy from Amazon

The success and failure of a business can be determined by the efficacy of the inventory management practices it employs. Certainly, poor inventory control can lead to cash flow problems or customer service issues. It is for this reason that few people have asked me on social media if I can recommend some low cost inventory management software. In very simple terms the main goal of inventory management is high stock turns (low Days on Hand), ensuring low operating costs and greater customer satisfaction. Organizing and managing your entire inventory manually on spread sheets could be difficult task. However, with […]

Supply Chain Trends

7 Powerful Supply Chain Trends You Should Not Ignore

Old industries are dying and new ones are rising. We have seen Amazon destroy the book stores, Uber transform the transport industry and Netflix make a video store a fond memory. Today’s technological disruption is fast and ruthless and it is transforming most of the industries. But I think we are behind supply chain if you compare the disruption happening in other functions like marketing and finance and it is time to focus on key supply chain trends. Then you are maybe not up with the latest fad. But fads are one thing and trends are another. Fads come and […]

Benefits of ERP

Proven Benefits of ERP systems for effective Supply Chain Management

The main benefits of ERP systems are seen as the production of real-time data shared across integration and automation of business processes. This is particularly important in this new business environment where automation, effectiveness and efficiency in operations and real-time data are important factors for business success. Despite all these known benefits of ERP more than 50% of the suppliers who I worked with (mostly SMEs) do not deploy ERP and the ones who do, find the deployment very challenging in first go. To remain competitive, companies are forced to keep up to date with the new technologies. ERP systems […]

9 Critical Success Factors in ERP Implementation

This blog review of Enterprise Resource Planning or ERP Implementation procedures and critical success factors. Now the ERP use is generally common in big corporations and even SME’s are using various available ERP packages. But not every company gets the return from using the ERP system. I have been part of 3 different ERP systems and in my experience companies are failing to set up the ERP system because they cannot reach the predetermined goal. The ERP is not only a technology that support the management but also a way of the management. ERP provides many benefits but in nutshell […]