7 Great Benefits of Vendor Managed Inventory

  Vendor Managed Inventory Vendor Managed Inventory, or VMI, is a business relationship where a manufacturer or distribution business takes over management of inventory for a retail or wholesaler. Using Electronic Data Interchange (EDI) or other electronic methods for communication, the vendor of the product will manage orders and fulfillment for those further down the distribution chain. VMI: Managed vs Consignment There is significant difference between managed and consignment sales types of VMI, and some similarities/differences which merit further discussion before we look at the benefits of VMI management. Consignment is where the vendor retains ownership of the product until the time when it…

7 Tips to Jumpstart Your Supply Chain Planning

Supply Chain Planning   Do you enjoy managing your supply chain? Too many managers answer that question with a clear “no.” It’s true that supply chain management can be stressful, as keeping good flow of your in-and-out inventory can be the difference between turning a profit or taking a loss. But in reality, managers who dread the process often do so because of reasons that can be avoided with the right supply chain planning. So without further ado, here are 7 tips to help you jumpstart your supply chain management. 1) Be Proactive One of the most common sources of dread within supply chain management…

Debunked: The 6 Most Common Myths About Cloud Computing

To the surprise of almost no one, cloud computing has arrived. In the past few years, storing data and running software in the cloud it went from a relatively new and unusual trend to a reality for some of the biggest software providers in the world. Companies from Microsoft (Office 365) to Adobe (Creative Cloud) now base their core products on data that’s stored on remote servers. But despite its rapid spread, the concept of data stored remotely, on servers not under your control, is still a scary proposition for many business owners. We’ve sung the praises on cloud computing repeatedly on…

SaaS Tips: Five Ways to Reduce Churn

SAASChurn is a dreaded word for SaaS managers. Simple put, churn is the rate at which your customers cancel their recurring SaaS subscriptions. However, effectively measuring and coming up with a strategy to reduce churn is not so simple. It involves a strategy that permeates the entire digital life cycle. From the moment a prospect becomes a customer, a strategy must be in place to keep them on board, and hopefully upgrade or upsell them down the road. SaaS success hinges not only on customer retention, but generating new revenue as well. Churn, however, is at the center of both…

Signs Your Business Should Switch to Cloud Computing

Cloud computing isn’t just for people on the cutting edge of technology anymore.  These days, many businesses are opting to switch to cloud computing.  In general, they’re finding that it’s a more efficient way of doing business.  Still on the fence about whether or not cloud computing is right for you?  Check out these signs that it’s time to make the switch for your business.   Your Employees Work from Multiple Locations Do you have more than one location for your business?  How is information shared across those locations?  If files are regularly emailed back and forth or your employees often have…

3 True Stories of Supply Chain Management Disasters (And How to Avoid Them)

The fear of a supply chain disaster destroying years, even decades, of hard-earned company growth is enough to keep managers up at night — and for good reason: the smoking ruins of once-thriving companies have littered history, and fatal SCM mistakes have often been the culprit. But with disaster comes new opportunities and, perhaps most importantly, new lessons that can help us learn from the mistakes of other businesses. These three SCM nightmares from history, though sobering, offer some valuable insights: The Massive Boeing 787 Delay and Its Painful Supply Chain Birth Pangs In the mid-2000s, Boeing’s shiny new game-changing commercial…

Choosing the Right Subscription Software

Offering subscription services to your customers has many advantages. Your business and your customers will benefit from these services. Setting up subscriptions is not as difficult as it may seem. It is simply a matter of finding the right subscription software to fit your needs. There are a few things to consider when deciding which software to use. The first thing to keep in mind is the customer. The customer interface is extremely important. It needs to be user-friendly from both the customer’s and users perspective. Ask yourself, “How easy is it for my customers to sign up and…

Changing Acumatica Grid Column Headings at Runtime

Changing Acumatica Grid Column Headings at Runtime Acumatica allows developers to dynamically change the headings of grid columns when the user changes the values of fields that are not in the grid. For this to work, there are three things that the developer must do.  First, the controls that the non-grid fields are bound to must have their CommitChanges property set to True.  This is to ensure that changes to their values will cause a postback and that the RowSelected event of the associated cache will be fired. Next, within the RowSelected event handler of the non-grid cache, the developer must call…

Demand Planning-Sensing and Shaping Forecast

Demand Planning-Sensing and Shaping Forecast Demand planning requires a lot of coordination, and even the most coordinated of us has a difficult time keeping everything going smoothly constantly. Yet, that is what demand planning is designed to do for us and the best we can do is wring out the best information we have and create a plan. There are there are several steps that companies need to use demand orders for planning capabilities. Several steps are critical in order to avoid issues further down the supply chain. In an article in Industry Week, the top three best practices in demand planning, according to Gartner’s research,…

The Impact of Great Customer Service for SaaS Providers

A great product is not enough in the SaaS industry. You need great customer service to follow suit. From the moment a visitor qualifies as a lead until long after a prospect subscribes, your company needs to ensure your providing a stellar customer experience. Failure to do so means your brand will lose out on one of the biggest competitive advantages in business – customer loyalty. The effects of good customer service.   A study published in the Harvard Business Review looked at both a transactional business and subscription based business in order to measure the effects of good customer service….