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.
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.
Many customers discover too late that the system they chose fails to provide features and functions that are critical to their businesses. Even in subscription management systems that are rated highly by analysts, you will find case after case of customers describing weak and missing features in their reviews of the systems.
When prospects ask why we chose to build our MaxQ solutions on the Acumatica platform, we cite Acumatica's modern cloud-based design, integrated architecture, rich feature set, user-friendly interface, and more. All these capabilities and more were highlighted at the recent Acumatica Partner Summit, including enhancements made in 2018 that made the Acumatica ERP an even stronger platform.
A bevy of new territories began selling legal cannabis in 2018, including Canada, Massachusetts, Maryland, Ohio, and Oklahoma. How well these new markets are faring gives us a sense of the strength of the cannabis market and how closely actual results are meeting expectations.
The cannabis market has reached a tipping point and is showing all the signs of an unstoppable juggernaut. For cannabis producers, the expanding market represents an immense opportunity, and competitive advantages can be gained by deploying the right cannabis management and analytics solutions.
In the highly competitive world of cannabis manufacturing, Curio Wellness has gained advantages by deploying a MaxQ Cannabis management solution that includes Power BI analytics.
In the complex world of cannabis manufacturing, the ability to manage operations efficiently and minimize costs can mean the difference between success and failure. Brad Friedlander, Curio Wellness CIO, described how his company has gained a major competitive advantage by employing MaxQ Cannabis to manage its cannabis operations.
After working with 10-15 different cannabis management systems, cannabis accounting specialist Andrew Hunzicker found the solutions were “filled with bugs, have had significant downtime, and have many features that simply don’t work.”He found further that among the existing cannabis management solutions there was not one that was “reliable, effective, or efficient.”Unfortunately,…
When importing data into Acumatica using the Integration tools, I was under the impression you needed to have the key to a record in your data to update the existing record. A good example of how to resolve this issue is the way the MaxQ Cannabis solution reconciles lab testing records.