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A New Look at Accountability in Times of Disease and Injustice

An absence of accounting means an absence of accountability In the context of COVID-19 and public concern for injustice, organizations are increasingly answerable to their stakeholders. Some have already understood the negative financial impact of being perceived as...

Graduating from QuickBooks to ERP

Are you among the small percentage of QuickBooks users who are reaching the limits of its capabilities? QuickBooks is hands-down the most widely used accounting platform for small and medium-sized businesses. It is a great solution when a company is starting out, but...

“Hey Chris, did we receive that item yet?”

Does it take longer than a minute for newly received items to be viewable in your inventory system? Your costs go up when your team cannot view accurate, on-hand counts at all times. Yet it’s common for companies to take a whole day to update their system, by the time...

Fast Inventory Flow—Tip #4

If you’re losing sales due to being out of stock, focus on demand forecasting Late deliveries and lost revenue are high priority problems to solve. When you don’t have on-hand inventory to ship on time, your customers go elsewhere to get what they need. This can...

Fast Inventory Flow—Tip #3

If you’re taking too long to ship to customers, focus on streamlining the flow of operational steps Late shipments hurt your customer relationships. When their business depends on your products, your delays cost them money and hurt their customer relationships. The...

Fast Inventory Flow—Tip #2

If you have too many product returns, focus on quality control We work with distributors, manufacturers and professional field services companies that experience two key problems that lead to excessive returns from their customers: Shipping defective or damaged...

Fast Inventory Flow—Tip #1

If your inventory levels are limiting cash flow, focus on economic reorder points It’s common for company owners to ask us, “My receivables are OK and I’m making money. Why don’t I have cash?” In the industries of distribution, manufacturing and construction, the most...