Get tips and advice on transforming your supply chain to build a profitable fast growing business.
Running a small-medium sized manufacturing business means finding smart, cost-effective ways to compete with larger players in the industry. One of the biggest challenges are overcoming the economies of scale that benefit larger companies. These economies allow bigger businesses to reduce their costs as they grow, making it harder for smaller operations to keep up. However,
Lean inventory is all about keeping stock levels as low as possible without compromising your ability to meet customer demand. Instead of holding large amounts of raw materials, components, or finished products, you focus on maintaining just enough inventory to handle current needs. The goal is to strike the right balance: reduce inventory to cut costs while still delivering promptly to customers.
1) Speed Up Order-to-Cash
With an OMS, the order processing cycle gets a lot faster. As soon as you enter a customer order, all relevant data is synchronized.
ERP vendors can be tricky. The price tag you see isn’t always the whole story—there are often hidden costs that surface later. Vendors know that once you’ve picked an ERP, the last thing you want to do is switch it out down the line. They bank on this, and suddenly, you're hit with fees you didn’t expect.
