Business Automation and Software Blog

Effective inventory management is crucial to modern business because it provides a cushion to balance the uncertainties between supply and demand. It can be viewed in a positive manner; however, holding onto excess inventory can lead to problems. The physical space taken up by stock always comes at a price: inventory held in the warehouse ties up company cash and working capital which could potentially be used for other purposes. Lower inventory costs result in a higher return on assets. If business owners know that holding inventory costs money and negatively impacts the company cash flow, why not simply slash it to the bone? It’s a balancing act, to be sure, and inventory control software can help your company determine how much inventory to keep on hand at any one time.

A business is built on its relationships with its customers. Without a steady stream of them, a company won’t be able to survive for long. Customer relationship software, or CRM, is designed to help you manage your customer relationships, including business reporting and analysis.

Business reporting is an essential part of your operation. You need clear numbers to tell the story of how the company is faring. Financial software takes the data collected from your ERP to give you clear and powerful stories that all stakeholders can understand.

If you are running a manufacturing business, you already know you are involved in a complex industry with multiple moving parts. Producing products is only part of the story. Before long, you are dealing with financing, scheduling, inventory, supply chain issues, payroll, sales, marketing, and much more. It’s easy to become overwhelmed with the many hats you need to wear to keep the business running—and the stress that goes along with it. When you start feeling overwhelmed, hiring a manufacturing software consultant makes sense.

Many businesses seek a solution that will allow them to run their financial, operational management, customer relations management, human resources, payroll, and project management under a single software option. PositiveVision has been pleased to work with customers who have expressed these needs to deploy and train their team members on Sage 300 software. 

On its own, raw data doesn’t tell you very much. After all, it’s just quantities and numbers stored on a computer. It needs to be analyzed and put into context before it can be useful. At that point, data is transformed into information. When placed into business intelligence reports, your management team can interpret the information and use it as the basis for sound decision making. To bridge the gap between data and information, your business needs a quality enterprise resource planning system (ERP).

Have you ever heard the saying that necessity is the mother of invention? If that’s true, then innovation is closely related to it. The global pandemic has resulted in multiple challenges (and opportunities) for manufacturers and distributors. Manufacturing innovation is the price of staying competitive now and going forward.

It’s no secret that the modern marketplace presents significant challenges for businesses. Supply chains are disrupted, inflation is rising, and customer expectations around service levels remain high. To survive under these conditions, companies must have a solid foundation in tech. That foundation must provide the capabilities and insights needed to assist the company in effectively managing these obstacles.

If your company produces multiple units of your products daily, you know the importance of manufacturing quality control. You'll see higher scrap rates if one part of your process is responsible for a product defect. If left uncorrected, your company's bottom line will suffer. Putting a quality control program in place is an effective way to resolve these kinds of issues.

What you need to know about manufacturing digital transformation to grow your business.

Manufacturers often fall behind other industries in embracing modern technology. This lag means missing out on potential cost savings, increased revenue, and greater profits. Manufacturing digital transformation can help manufacturers build their companies to meet modern challenges..