Welcome to another one of our ‘How To’ blogs on our fully integrated business management solution, erpWizard. Today’s How To is on EDI Processing under the Sales and Distribution module. Have a look! Read more
This ‘HOW TO’ article features the steps to take in order to navigate through a section called Deposits and Checks Received Entry in the Accounting module of erpWizard, Namtek’s fully integrated ERP software solution. This section can be found under Entries and Processing under Accounting/Accounts Receivables (see table below).
Millennials are quite unique in their buying behavior and in the way they acquire information. It’s important for businesses to understand this group of 18-34 year old (Gen Y) in order to know to how reach them.
Below is a great infographic from IDG Research Services on how to engage tech-site visitors (Daily Infographic, 2014)
In many of Namtek’s previous articles, we mentioned the popularity of Mobile Commerce, or mCommerce, amongst consumers. However, a recent study done by research firm Reputation Leaders, concluded that consumers between the ages of 18 and 64 from 15 of the world’s largest markets are expecting businesses to have mobile-optimized eCommerce sites but are being let down.
It’s obvious that the way consumers nowadays engage with businesses has changed. According to Harvard Professor Shoshana Zuboff, “every century or so, fundamental changes in the nature of consumption create new demand patterns that existing companies can’t meet unless they applied imagination to see beyond what they’re selling today” (Forbes, 2014).
Companies need to be aware that consumers are always connected, very opinionated, value conscious and they seek authenticity and require immediacy. These factors will change the way businesses attract new customers. Below is an infographic from Forbes about Mike, your typical customer in 2015.
It is not uncommon for many enterprises to hit on problems during an ERP implementation project. The project can either go over budget, surpass the expected time frame, or simply fail altogether.
I recently stumbled upon a great article, called ‘Top Barriers to ERP Success’ on IT Toolbox by author Rick Cook, on the barriers to ERP implementation success. In this article, the top barriers were taken from a survey done by Deloitte Touche, Tomatsu CIO.
ERP implementation success depends on a variety of factors and either all or one can affect a project as complex as this one.
By now, most business executives have heard of EDI. However, it still seems to be a scary topic for many of them as EDI is quite complex and technical and not easily understood by many non-technical people. On top of it all, a considerable initial capital investment is usually associated to this kind of integration project, as there are professional services, EDI consultants, connectivity fees and more involved.
However, more and more smaller companies are receiving directives from large retailers informing them to implement EDI out of necessity to continue a business relationship. Read more
We’ve found another great infographic for our wonderful readers!
2014 is a good year for big changes in SMEs. Entrepreneurs are planning on kicking out their old legacy systems and implementing cloud-based applications, using social media and email marketing to reach more customers, offering flexible work policies and encouraging a healthy lifestyle.
This week, from June 15 to 18, the World Disaster Management Conference was held in Toronto at the Metro Toronto Convention Center. Unfortunately, ever since 2009, there has been a drastic decline in attendance partly due to training and conference budget cuts. According to a great article in Ottawa’s Metro News (2014), prior to this conference, organizers conducted a survey to see if this budget cut had any effect on the conference participants and community. What they found however went beyond what they imagined.
Does Inventory Affect a Business’ Bottom Line?
Inventory is a huge part of any business. If not managed efficiently, it can have distressing consequences on a company’s bottom line. Profit can be increased simply with the right inventor
y management solution, eliminating common mistakes many executives don’t think twice about, such as inaccurate inventory tracking, excessive inventory, improper use of spreadsheets to track inventory and a lack of a backup plan and solution. All of these can add to expenses, increase human errors, affect sales and in turn customer service. Therefore, now that you know that efficient inventory management can increase profits, what do you do next?
y management solution, eliminating common mistakes many executives don’t think twice about, such as inaccurate inventory tracking, excessive inventory, improper use of spreadsheets to track inventory and a lack of a backup plan and solution. All of these can add to expenses, increase human errors, affect sales and in turn customer service. Therefore, now that you know that efficient inventory management can increase profits, what do you do next?
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