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A new year is here, and it’s an ideal time to review your business practices in addition to your personal goals. The retail industry has seen many changes in the last decade, and whether you’re running a brick and mortar store or an online shop, there are always a few key areas to keep an eye on. Take Advantage of an ERP System The retail industry has stayed relatively static with operations and management practices for a long time. Sellers and suppliers used to determine what consumers should buy and how they can shop. Now, customers are the driving force for the shopping experience, and if you don’t meet their needs, it’s easy to browse for competitors who will. It’s important to use data to your advantage and seek business management software support that can help integrate and inform all areas of your business. IWI Consulting Group provides leading retail management solutions and omnichannel platforms. They include the top enterprise resource planning systems operating in the cloud for secure and accurate data collection, analysis, and easy access for employees in all departments. Our consulting experts can help you tailor a solution and train your teams to use it effectively, with […]

New small businesses face unique financial management challenges because they don’t share the same advantages that larger corporations do in the marketplace. Cash flow is a primary concern. Even with a promising product or service that is performing well, and deals being made that will pay out in the future, there is still a limited amount of cash on hand to pay for current expenses. Owners may not receive a steady income for an uncomfortable length of time because paying employees and the bills come first. Small businesses also often report having problems in the areas of credit availability, making payments on loans and debt, fulfilling on contracts with purchasing, rising manpower costs, the cost of technology and IT departments, and simply paying operating expenses. Unforeseen expenses are difficult to plan for. Inefficiencies in the supply chain can occur that better management could help fix. In the foreground of all these issues is the matter of attracting and retaining customers. One robust solution that can help make a big difference for struggling and ambitious small businesses is a financial management system that operates in the cloud. Many new companies are taking advantage of the security, flexibility, scalability, and cost-savings of […]

The early stages of a start-up are an exciting time filled with hopes and fears alike. You have an idea that people really need and will find greatly useful. Planning and executing your innovative, unique, and possibly risky idea can be thrilling, but it requires a delicate balancing of sober preparation and careful management with bold moves and forward momentum. Accessing the right resources and expertise, research, and finding the best people are the foundation for success. IWI Consulting Group can assist your start-up with local and global ERP solutions that will help your company thrive from the get-go. Start-ups rely on creating great customer relationships early on, even in the development stages, and we can help you make sense of early, preliminary data and use it strategically to continue to stay ahead. Adopt a Custom ERP System Enterprise Resource Planning (ERP) software is a business-wide, real-time system that helps you integrate your operations and run all aspects and processes of your company. You can track materials, monitor the supply chain, check on orders, inventory, sales, schedules, access employee information, manage human resources, increase the efficiency of financials, improve customer relationship management, and more. Modern systems provide access through a […]

Expanding into global markets is an exciting prospect that comes with many advantages, but it can feel intimidating and overwhelming. There are always fears attached to new ventures. Thankfully, good preparation and accessing the right resources can make things much easier. By embracing the help of consultants, you can reap the benefits of their knowledge and experience with success. Whether you’re a start-up that wants to jump on international opportunities early in the game, or you’re an established business that has found it’s finally time to go for it, using an enterprise resource planning system, doing proper research, and organizing logistics are key areas to focus on to make your expansion go smoothly – from planning to execution to daily operations. At IWI Consulting Group, we’re business management software experts assisting Canadian businesses and non-profits to use enterprise resource planning and customer relationship management systems to improve their current operations and expand into new markets. These software solutions can be custom-fit to suit your company’s needs, now and in the future, with consulting support and resources. Focal Points For Expansion: Utilize An ERP Solution. An enterprise resource planning system can help your business expand into new markets plus increase overall […]

A big part of effective supply chain management is managing information. A steady stream of real-time information that updates your managers on where items are along the supply chain is invaluable. Software such as Sage X3 and Sage 300 can help you improve supply chain management by ensuring that everyone throughout your organization is kept informed about the location of resources, parts, supplies, raw materials, personnel, and orders. The Art of Supply Chain Management Your supply chain managers are the ones who ensure that everything moves smoothly from order intake to order production. They’re the ones who manage vendors, resources, and equipment to keep your operations running. To do a good job with supply chain management, they need information. Sage software, such as Sage X3 and Sage 300, provides real-time updates on operations, finance, accounting, sales, production, warehouse, and inventory. Depending on the additional Sage software modules your company has chosen, you can get even more information flowing through your Sage enterprise resource planning system. There’s an art to managing the supply chain, and it starts and ends with information. Sage ERP helps you stay on top of what’s important. Manufacturing Bottlenecks: What’s Stopping You? What are the most common […]

One of the advantages of many current software packages for small and mid-sized business packages, such as Sage X3 and Sage Business Cloud, is that they level the playing field. What does that mean? Many years ago, companies that wanted a robust enterprise resource planning tool had to invest heavily in their own infrastructure to support such an endeavor. It wasn’t just the cost of the software. They had to buy hardware to run it, install the hardware in their buildings, and hire people to manage and maintain the systems. This alone made the costs off-limits for many small businesses. Today, cloud computing offers unlimited scalability for manufacturers, as well as access to robust software that can power your business operations. Sage software such as Sage X3 and Sage Business Cloud puts the same powerful software into the hands of a small business owner as it does to a large, multi-national corporate. The result is that small businesses can finally compete on a level playing field against the big guys. Cloud Computing Requirements Everyone seems to be talking about cloud computing these days, but what exactly is it and what does it do? We define cloud computing along five metrics. […]

Some companies run on gut instinct. Others run on data. If your company falls into the latter camp, welcome to Sage X3 Data Management and Analytics, a comprehensive analytics solution for insights-driven organizations. Sage X3 Data Management and Analytics offers a comprehensive portfolio of analytics with the ease of an out of the box solution. Deep integration with other Sage software enables Sage X3 Data Management and Analytics to manage data and extra insights without cumbersome technical programming. It’s easier to set up than many other data analytics programs, making it a favorite for companies who crave data but have little time for custom programming. Let’s take a look at some of the features Sage X3 Data Management and Analytics offers. One analytics solution: The software takes multiple data inputs and generates outputs through dynamic role-based dashboards, Sage BI dashboards and reporting, and other BI tools, as required. It’s one solution to the problem of multiple BI needs. Easy deployment: One pre-packaged solution makes deployment a snap. Various models include cloud, on-premise, and hybrid models. Pre-set data models for Sage X3 and other ERP and CRM applications offer better deployment options. Seamless integration: This tool is built to integrate with […]

Sage X3 offers unprecedented insight and business data for discrete manufacturers. Worldwide, there’s growing unease about the slowdown in demand. Nationalism is rising and sales are slowing. When there’s this confluence of global factors, the emphasis shifts from expansion to improving productivity. Sage X3 can help you improve productivity and more. There are several steps you can take to improve productivity and profitability as the global demand for discrete manufacturing slows. These include: Leverage Sage X3 data and analytics: Sage X3 users know that the system provides excellent data and analytics. Condition-based monitoring, which helps discrete manufacturers monitor the condition of equipment and facilities, can be monitored and tracked. Warehouse management can be improved using data from Sage X3. Other areas of improvement include data-based marketing, sales, and operational decisions. Use all the data that you can from Sage X3 and make sound, fact-based decisions. Monitor costs and expenses carefully and make better decisions about your operations. Use pricing for competitive advantage: Sage X3 can help you improve your supply chain management, which in turn can drive down the cost of goods. You can use lower wholesale costs to provide incentive pricing for good customers or to increase market share […]

Sage X3 can help you overcome many of the challenges you face using outmoded legacy systems. Sure, legacy systems are as comfortable and familiar as a pair of broken-in sneakers, but staying comfortable comes with risks. The risk of lost data, lost productivity, and worst—lost customers and profits. Instead of staying with your legacy system, moving to a new enterprise resource planning system, such as Sage X3, can boost your business into new areas of profitability and efficiency. Overcoming Team Inertia One of the big challenges facing many companies is helping their employees understand the benefits of embracing a new system. Employees may be used to using an older legacy system. They don’t see the costs of continually updating and fixing an older system, nor do they see the areas ripe for improvement. From an employee’s perspective, a legacy system may be just fine. Yet, you know that Sage X3 provides better insights, faster reports, and real-time data, all things that your team has said they want or need in an enterprises resource planning system. To overcome resistance to change and what we’ve dubbed “team inertia,” it’s important to emphasize the benefits to your employees when you’re pitching them on […]

Process manufacturing ERP such as Sage X3 can help you build better cost models, especially in the chemical manufacturing industry. Many companies overlook the additional costs of transporting, storing, and securing chemicals when they compute the costs of manufacturing each item. By using process manufacturing ERP, you can track all the elements related to the cost of goods and build more accurate costs into proposals and estimates for your customers. IWI Consulting Group offers a free white paper, ERP – A Strategic Growth Driver for Manufacturing Firms. In this paper, you’ll learn more about how ERP systems, in general, help manufacturing firms grow their customer base, revenues, and profits. Download the free paper today. Looking for specific ways to improve your chemical manufacturing processes? Download our free ebook, Unleashing the Chemical Industry. Estimating Accurate Costs in the Chemical Industry Chemical manufacturing takes into account more than the cost of raw materials, labor, and markup when it comes to pricing its products. Among the special considerations the industry must include are specialized packaging, transportation, and storage. Packaging for chemicals needs to meet specific safety requirements. Drums, jerry cans, and other containers must meet safety requirements, sometimes requirements across borders if exporting products […]