Competition in today’s marketplace is increasing, especially for distributors. Customers expect high quality products, reasonable prices, and timely delivery without fail. You need a business management solution that can support your efforts to grow, but you may not know where to start. Here are three important considerations when searching for better technology.
Partner with the right provider: You are an expert in the distribution industry and want to work with an expert in the software industry. You also want a provider that is not only familiar with cutting-edge business management solutions, but also how those solutions are being used for other distributors. Ask potential partners or resellers about their experience working with other distributors and be sure to discuss your specific business needs.
Create a plan: Work with your managers and key employees to identify the business solutions you use today and why you use them. Also identify the data you need to collect, the data you may want to collect, and what you want to do with your data once you have it. Together, you and your provider can discuss your technology options and choose a solution that meets your unique business needs and goals.
Stick to the plan: Once you’ve chosen your business solution, stick to the plan. Avoid unnecessary customizations or other scope-of-work changes. Also, make sure your internal team and software provider respond to one another quickly when questions or needs arise and stay on task throughout the process.
The right business management solution can streamline distribution operations with time-saving automations, business intelligence, and greater insight and control throughout your enterprise. Download this complimentary eBook “The road to profits: How mid-size distributors can compete and win in a mega supplier world,” for more information about how today’s integrated business management solutions can give you an edge over competitors. Then, contact TGO Consulting for more information about harnessing the power of technology to give your distribution business a competitive advantage.
Want to learn how you can gain a competitive advantage?
Gain insight into the challenges that distribution companies must overcome:
Read more on "Hot Rods, Harleys and Hi-Speed Dogs at TGO Ride for SickKids Foundation" »
Hot rods, Harleys and Hi-speed bikes were all revving their engines as TGO hosted their annual ride to raise funds for The SickKids Foundation this past Sunday, August 17th. With the sun shining and a slight breeze in the air, it was a great day for a motorcycle ride! The riders left the TGO main office in Markham and made their way all the way to Caledon before returning in just over 3 hours.
The ride concluded with a complimentary BBQ for all the participants, including hotdogs, hamburgers, grilled-chicken and a variety of salad choices. The participants gathered at the TGO main office to replenish calories, share experiences and enjoy a few laughs as TGO mascot and resident Cavashon Moxie raced around the office with his best hi-speed motorcycle impression.
In the end, the TGO team reached their goal of donations with all proceeds going to the SickKids Foundation.
Look out for the next charitable event in the near future.
We would like to thank all the riders who came out and for the donations!
In order to boost productivity levels, distribution businesses like yours need to find ways to work smarter, not harder. One way to achieve this is by replacing manual processes with automated simplified processes. An integrated business management solution can save valuable time that you and your team can use to spend with customers or on other important tasks.
You hired talented employees to support your business’ success and you rely on them to perform their tasks with speed, accuracy, and skill. However, if you are using manual processes and disparate software programs, then you may be adding unnecessary complications to common daily tasks. Redundant data entry and difficulty with entering or finding key data can lead to delays as well as introduce the risk for data errors. By the time you get the data you need to make the swift business decisions that drive growth, you could be working with old data and, likely, erroneous data which could quickly send your distribution business in the wrong direction.
Download this complimentary eBook “The road to profits: How mid-size distributors can compete and win in a mega supplier world,” to learn more about using , an integrated business management solution to simplify common daily tasks for your team. Replacing manual processes with time-saving automations will improve productivity as well as protect data integrity. Using a centralized location for all of your business data will save time with both data-entry and data-sharing and you can be confident that you have “one version of the truth.” Real-time data from one business management solution is more reliable than data scattered across several disparate solutions. You and your team can use accurate inventory data to make strategic procurement decisions or reference customer data to improve customer service and increase customer satisfaction.
The wrong business management solutions can stifle the very productivity you need from your talented employees. Make sure your team has the right tools for the job. Download this free eBook and contact us for more information about improving productivity by improving your business management technology.
Can you get the data you need to make decisions on the fly?
Gain insight into the challenges that distribution companies must overcome:
Read more on "MDGP 2013 R2 Procurement Process Improves with Companion Apps" »
Now that we have discussed the improvements to the requisition process, this blog will touch on the new companion app available for Microsoft Dynamics GP 2013 R2. As tablets and smartphones become more functional and practical in the business setting, there is a demand for apps to support already established products. In correlation with MDGP 2013 R2, Microsoft is poised to release their brand new companion app available on the windows store.
The companion app to improve the procurement process is set to be released sometime after July 2014. The goal for this feature is to provide an app that any employee can easily download and quickly begin to use. Users will have the ability to view and create purchase requests while on the go and dictate the amount of information they want to enter at a specific time. All of the data will instantly be saved in Dynamics GP, creating a consistent process flow. Any requisition can be worked on without having to re-enter data, saving time and money.
We have covered the procurement and requisition improvements so far. Follow our blog to read our next Microsoft Dynamics GP 2013 R2 improvement piece on workflow.
Read more on "Sage ERP X3 version 7: Driving Profitability" »
When it comes to money, make sure your business is in the black by driving profitability with Sage ERP X3 version 7. In the ultra-competitive industries of the 21st century, capital is necessary to stay pace with larger more heavily funded companies. This is why smaller companies need to promote cash-flow from within, by removing redundancies and inefficiencies in dealing with customers and sales opportunities.
But how is this done?
Protect your Margins
It is important to know your profit margins. However the most successful companies realize their profit margins from many different scopes, such as profit margins per customer, region, or time of year. The right ERP solution will give your company total clarity and the ability to track all costs, key performance indicators and create personalized dashboards for important information.
Master your Inventory
With a comprehensive ERP solution, know not only what you sell, but understand which products are selling the best. Use key insights and product information, to track changes in demand and strategize which products or services are best bundled together.
Maximize Cash Flow
A simple solution, such as automating payment collection can influence cash flow dramatically. Protect your cash flow by easily tracking who has paid and who still has outstanding balances on their account.
Expand Online Opportunities
Maintaining an online presence is quickly becoming the most important way to grow your customer base. With Sage ERP X3 version 7, remove the complication of coordinating your inventory with your website. Easily integrate all inventory from your ERP into your online platform and drive sales with updated real time product information for prospective customers.
Want to learn more how you can drive profitability with Sage ERP X3 version 7? Check out the video below.