Dec 15, 2016
Tips for inventory optimization and ERP implementation
The team here at NETSTOCK has decades of combined experience in the ERP space. And because our inventory optimization app connects with a multitude of the best ERPs on the market, we sometimes do some guest blogging for our partners to discuss some of what we've learned from those years of experience. We wanted to share some of those same insights with you here on our blog, too.
Over the last few weeks, Craig De Kock, our Chief Business Development Officer, wrote up a pair of blog posts for our friends over at Acumatica.
First, Craig spent some time discussing the best way to implement a new ERP system. There can be lots of moving parts internally as the change happens, and many organizations fail to correctly implement their ERP as a result. So, what's the answer?
You can read the full post here, but here's a hint: it takes a champion!
Craig also wrote up a piece on inventory optimization. Many businesses that manage inventory hurt their profitability by using a hodgepodge of ineffective tools that fail to adequately address the issues of stock-outs and excess stock.
Some of these workaround solutions get pretty complicated - and even pretty creative, as a result - but they ultimately lack the ability to incorporate best practices. That leads to all kinds of hidden costs in your inventory that do real damage to your bottom line.
You can check out the post here to get more of Craig's unique expertise. Here's one quick takeaway: you need an inventory planning tool that helps you focus on the right items at the right time. Otherwise, you're wasting time and money that could be better spent elsewhere.
Don't forget that we'll be at Acumatica Summit 2017 at the end of January. If you're thinking about attending, please stop by our booth! We'd be happy to talk about what inventory optimization can do for your business.
As always, be sure to check back here for more in-depth conversations about the most important inventory best practices so you can make better inventory decisions.