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The right tools for the task at hand can make the work go more smoothly. Sure, you can drive a nail into the wall using the end of a screwdriver, but it makes more sense to use an actual hammer for the task. The right tool makes all the difference, whether it’s carpentry or inventory management. But which tool is the best one for inventory management? Let’s take a look at the tasks necessary for effective inventory management and then discuss the tools that can make the job easier and more efficient. The Art and Science of Inventory Management  Inventory management is both an art and a science. You’re balancing the needs of customers against the needs of your company to reduce costs. You’re also taking into consideration the availability of raw materials, production times, and shipping. As you review these factors, one thing becomes clear: The more information you have about the supply chain, the better you can manage your inventory. And the better you can manage inventory, the more you can control costs, fulfill orders quickly, and satisfy customer demand. That’s where having the right tools comes into play. What Tools Are You Using Now?  If you’re like […]

Have you ever felt like you’re in the middle of a tug-of-war? That’s how many inventory managers feel. On the one hand, the sales department wants you to keep plenty of products in stock in order to fill any orders that come in as quickly as possible. On the other hand, the finance and accounting departments want to control costs, and ask that you reduce inventory to the lowest possible level to keep costs contained. In the middle of all this you’re trying to keep a warehouse running. Inventory management is the fulcrum in the middle of the seesaw, the flag in the center of the tug of war rope. You’re always going to feel the pull from one side or the other. Balancing the needs of the sales team, who keep customers at the center of what they do, against the needs of the company, which tries to reduce costs, will always be part of the job. But fortunately, there are tools to help you make the most of what could become a frustrating situation. Inventory, the Biggest Asset on a Company Balance Sheet  Although you want to help the sales team keep customers happy, there’s something you know […]

Sage software can help your manufacturing company build a better sales department. Sure, you’ve hired terrific sales people who are good at what they do. They may have all the talent, skills, and experience needed to do their jobs well … but if they lack the tools to do the job, what then? They can’t be as efficient and productive as they could be. That’s where Sage software comes into the picture. Solutions like Sage CRM and other Sage software products connect real-time data with mobile access that puts information at your sales team’s fingertips, no matter where they are. They may be traveling to customer sites or on the road between appointments, but if a question arises about customer shipments or inventory, they can answer it quickly. Let’s take a look at three ways in which your manufacturing business can build a better sales department through Sage software and other enterprise resource planning and business intelligence systems: Mobile Access Sales teams don’t sit still for very long. They’re visiting manufacturing plants and warehouses, checking on customer orders, and visiting customer locations to ensure that their accounts are happy and receiving what they need. A static, location-specific tool doesn’t give […]

It can be hard to make sense of the dollars and cents, numbers and figures flowing from your company’s business intelligence solutions. When manufacturers were asked about areas where they invested in technology and the potential return on investment, one area stood out: business intelligence. Among those surveyed, collecting business insights was the number one priority for investment. For the 76 percent of manufacturers who made the investment into new software to collect business insights, an astonishing 100 percent saw an improvement. Anytime you see every manufacturer in a survey agreeing on something, it’s important to take note. When everyone agrees that investing in software to collect business insights does indeed improve business, it makes sense to explore it as an option. Manufacturing businesses face similar challenges no matter what products they make. Reducing the costs of overhead and raw materials, forecasting demand, increasing sales, and improving customer service are concerns shared by companies making everything from automotive parts to cardboard boxes. But one thing stands out: no matter what the problem, the solution lies in gaining deeper insights into existing business processes, and making sound decisions based on facts. You can accomplish this by including business intelligence solutions in […]