In most businesses where there is a mixture of cash and credit sales, typically in hardware stores, plumbing, electrical wholesalers, bathroom showrooms, tiles or any other retail and/or trade environment, fully integrated trade counter point of
While there are many factors squeezing your net profit margin that are out of your control – Brexit and political uncertainty to name but a few – there are ways you can make a difference. Understanding and controlling your costs is one and
In order to streamline your business you must have a well-functioning stock management system. With the right technology and tools available you can then put in place the rules, procedures and policies that will enable you to implement an
Your supplier is offering 50% off a product and you know if you bought a batch you could up-sell them to your existing customers with a good mark up. You run a sales report to see who has bought it before and you go to your customer database to
More and more SMEs are waking up to the fact that one of the most important aspects of business growth in today’s information world is business intelligence. Being able to collect and analyse your most important metrics is critical. Having the
I get on average one call a week from companies interested in ‘selling online’ – and why wouldn’t they? It is an obvious step for a well-stocked bricks and mortar distributor or wholesaler to widen their potential market by opening a 24/7 online
As today’s tough credit environment continues it is important to keep your cash flow in focus. Cash shortages can prevent you from meeting your financial obligations and make it difficult for you to plan for the future and expand your business.
Without a solid business case for moving to new ERP software it is unlikely that the funding required to select, implement and support a better system will be approved. One of the key drivers for the selection and implementation of any new ERP