Reviewing ERP to Overcome Common Obstacles in Business

Singapore is a global manufacturing giant; its GDP consists of approximately 20% from its industries. Therefore, young entrepreneurs in the country are encouraged to start small scale businesses on every level. The non-corrupt environment favors the growth of such business and attracts investors internationally to set up their companies here as well. Thus, the government of Singapore is bent on improving and adopting to all those innovative ideals that help change the business game.

Enterprise resource planning is the software of the age that has revolutionized how the various independent systems of a business interact with each other. In the past, since there wasn’t any link between the various systems such as accounts, finance, sales, and inventory etc. the work was very tedious and difficult to do. Deadlines would often be delayed and whenever data was to be retrieved, it would almost always have a risk of being faulty. Microsoft ERP offers real-time interface for the user to give and receive orders from the customers. Efficiency is the name of the game for this software. It can be used for any size of business and can be altered or changed according to the need of the customer. Many companies are using Microsoft ERP in their systems today and the graphs have shown increase in revenue ever since the use has started.

Technology is ever evolving and growing. Requirements and needs of business and clients are also ever changing. In order to meet and keep the revenue flowing it is of paramount importance to keep the systems up to date and to mitigate small grey areas, whatever they maybe. Some companies use outdated ERP solutions in their organizations and because of this they lag as compared to their competitors. In order to overcome these challenges, the following points should be kept in mind.

  • The foremost strategy is to record and sequence all the various workings of the business. With this, the whole initial plan of the workings process is understood and listed.
  • After this thorough mapping system, it is required to enlist all the good and bad of the process. By highlighting all the grey areas, one can give attention to them and to mitigate them all together.
  • Now, with a complete understanding of the process one can custom build an ideal system of ERP that is required according to their need. This step is only possible if the precious steps are understood and dealt with.
  • Finally, the new redesigned, streamlined, and improved version of the ERP is fed into the system, but it is required to review this process annually to ensure up to date processing.

When the system is kept up to date with the processing of the global market and minute details are taken care of, then there is a trend of improved profits and streamlined business processes. It is the need of the hour and new entrepreneurs should be trained to consider these important factors before their set up their own businesses.

Introduction to Microsoft Dynamics 365 Business Central

In a competitive and business-oriented country like Singapore, special attention is paid to industries and the way business processes work. Efficiency and revenue generation are told priorities and any innovation or idea to grow in this area is readily adopted and test driven in live companies and business situations. Companies find that there is always a need to better, and to improve efficiency.

Why Adopt Microsoft Dynamics 365?

Microsoft Dynamics 365 is a software that integrates both the ERP software (Enterprise Resource Planning) and the CRM software (Customer Relationship Management). This has changed the game in which business management works. ERP and CRM are both huge applications on their own and they profited the companies they were previously incorporated into, to a huge extent. They individually streamline processing and create a Dynamics 365 platform for more visible and comprehensive workflow. However, there was a drawback, for the work that each application provides with, still needs some link between them for creating more visibility and efficiency.

What It Can Do

This is where the Microsoft Dynamics 365 comes in. Created by the Microsoft Corporation and released in the April of 2018, it has been famously adopted by the business community and the sales are still going. Following are some of the capabilities that the software offers:

  • It creates a visible link between all the accounts, finance, inventory and customers that gives the user a comprehensive end to end information about the processes of business in real-time.
  • A never-before-seen speed in terms of the finances such as payables and receivables, while at the same time compliance is being perceived.
  • It creates graphs and charts with financial information in a user-friendly manner. It even advises how a certain task can be improved.
  • It gives a clear insight about the inventory such as which products need to be restocked and purchased (without making redundant buying). And even suggests with an alternate if a certain product is unavailable.
  • By keeping all records of the previous profit generation, it suggests and prioritizes the sales leads.
  • It helps the user attain a comprehensive look on the sales made and how to better those tasks that did not keep up to the appointed level, the previous time.
  • The application creates time sheets to keep a lookout on the customer sales and helps the user keep the sales, and purchases under budget.
  • The software keeps and creates invoices for any purchase made.
  • When a project is underway, it keeps a check on how it can be further improved and how the profit can still be improved.
  • The operations are very improved. Every sale made is analyzed for further improvement and suggestions are made to better customer relationship.

These are some of the key points that the incorporation of Microsoft Dynamics 365 will do, if adopted into a business set up. It is clear from the discussion that it further streamlines processes and improves efficiency.

Important things you must do before implementing ERP

Important things you must do before implementing ERP

Evolve or die – which will you choose? You are not going to get more customer or increase your revenue if you keep doing exactly what you have been doing for the last couple of years or if you are still using old and outdated tools and systems. As the world is undergoing a digital transformation, so should your business.

We are living in a time where things change rapidly in life and in business. Your ability to keep up with these never-ending changes, especially the ones in your industry, will determine to a large extent whether you will struggle or thrive.

ERP (Enterprise Resource Planning) is one of the new tools that businesses are using to triple their revenue, boost their productivity, and scale their businesses to unprecedented heights. If you want the same for your business, then you should consider using it as well. Discover more about ERP and other business-related software here: http://www.msc-consulting.com.sg/

Before you make a final decision or decide to implement it, there are a few things you must consider about ERP softwares.

The following article by caniaserp discusses some important things you need to give careful consideration to before implementing an ERP.

What Should I Do Before Implementing ERP?

One of the things that determine that you have stepped into the digital transformation world is when you decide to replace your old systems with the latest ones. Read more here.

You are likely now abreast with some factors you must consider before implementing an ERP tool. That said, you need to keep in mind that making the decision to implement or choose an ERP tool is half the job. The other half involves understanding the working principle of the software and the right strategy to implement it.

This article by Dennis Bortolus is a comprehensive guide to using ERP systems.

How to Use ERP Systems

Using Enterprise Resource Planning (ERP) systems goes beyond installing software and following directions in a user manual. Organizations that fail to take advantage of ERP capabilities waste the opportunity to improve processing, reporting, and data accuracy. Read more here.

You surely now know a handful of things about how ERP systems works and how to get the most out of them. Even after you have done this, you may still have a speck of doubt holding you back from making a final decision to opt for it. Well, if that is the case, you should consider thinking about how ERP systems can scale the growth of your business.

The following article by Deep Trivedi sheds light on ten amazing benefits of business growth that ERP systems make way for.

10 Benefits of ERP System in an Organization for Growth of Your Business

Every business has its own set of processes, products, and services that makes it unique. However, most businesses face similar operational problems as they grow. Here are a few such issues that ERP such as ERPNext can help in resolving Read more here.

You likely now know some delightful benefits you will enjoy when you start using ERP systems. From improved workflow to simplicity and transparency in every part of your organization, ERP systems are what every business needs to boost their overall productivity, improve customer satisfaction and make the life of their employees easier. To sum it up, a good ERP system is what you need to take your business to the next level.

Final note

If you are serious about achieving your business goal, then you should be ready to keep up with the trends in your industry and poised to adapt. This may mean changing your strategies, implementing new tools or reaching out to business gurus for advice.

Most heavyweight businesses, in basically every industry are using ERP systems to optimize their business operations, boost growth and improve efficiency. So, if you want to roll with the big guns and compete at the highest level, then you should step out of your comfort zone and start doing what they’re doing for their booming businesses too.

The Impact of Warehouse Apps on E-Commerce

Singapore has a population of 5.6 million. Currently, 3.12 million people shop online. It is estimated that by 2021, another 998,000 will be online shoppers. Today, online businesses earn approximately 3.3 billion USD, and this income is expected to grow to 5 billion USD by 2021.

As the number of online shoppers grow, their demand for efficiency has also increased. Companies therefore must keep up with the expectations of consumers who want prompt delivery. All leading businesses in their respective product categories, including electronics and media, rely heavily on warehousing for the storage and dispatching of their products. Warehouse apps have helped to ensure the smooth transition, from the moment an order is placed to the point when the client receives what was ordered.

Real-time inventory data

One of the problems warehouse apps solved is orders of items that are sold out. This is every business’ nightmare since it shows incompetence if a client who has ordered and paid for an item is told it is out of stock. Warehouse apps can be integrated with other store automated systems such that when a client requests for an item, it is automatically deducted from the inventory. This way, all personnel connected to the network can see the movement of stock.

Singapore warehouse apps come with varying features. Each business entity needs to select the features that are most appropriate for the business model. Some apps are basic while others are advanced enough to show the movement of goods from the moment it is supplied to its shipment and delivery.

Sales projection and data patterns

Some warehouse apps can be used to analyze the data and movement of products. This makes it easy for businesses to come up with sale projection and a plan to meet the set targets. Market trends are constantly changing. Products that were popular a few months back may not be so today. It is vital for companies to keep track of changing consumer behavior and popular items.

Easy tracking of items

A few years back, items in the warehouse needed to be stored systematically for easy identification. Any change in location could easily result in the warehouse being turned upside down to locate one item. Warehouse apps have made everything in the warehouse trackable.

A single scan is all that is needed to track a product that has been stored in the warehouse. This makes it possible for anyone in the organization to find items, especially when they are being prepared for delivery. The accuracy in tracking products reduces time wastage, especially if the company has a delivery time policy that attracts clients. Easy tracking also reduces losses for the business since it reduces the disappearance of products in the warehouse.

Integration between supply and demand

The disconnect between supply and demand tends to lead to long term losses for companies. It is vital for all businesses in the supply chain to appreciate the importance of each level, and the impact of delays have on the various systems. Warehouse apps help to keep suppliers updated on the movement of goods and when restocking is required. This ensures that suppliers are ready to deliver when the need arises without any delays.

 

E-commerce has drastically changed how businesses are run globally. The convenience of shopping from anywhere and have the products delivered to one’s doorstep has expedited the use of technology to improve the management of inventory in warehouses and all around to transform businesses into smart ones.

 

 

 

 

 

 

 

 

 

Qualities of a Good Stock Take App

There are hundreds of stock taking apps and sometimes choosing one can be a tough decision, primarily for startups and entrepreneurs who are still learning what technology is capable of achieving. Before selecting a stock take app, it is vital for business owners to list the problems they expect the app to solve. This checklist will guide you on choosing the best and most suitable Singapore stock take apps to invest in.

Reduces costs and improves cash flow

Most startups close in the first year due to cash flow problems. Often, the assumption is that the sales are not adequate to meet the operating costs. However, some companies stock items that do not sell quickly. They have plenty of stock that is not bringing in revenue. A stock take app will have records of which products are profitable and those that are not.

These records will guide business owners to make decisions on how to handle stock that is not productive. Some companies choose to sell them at reduced prices to get revenue to restock the viable products. The stock take app chosen should give real-time stock updates. This saves the company money that would have been paid to extra personnel to help in stock taking. It also improves cash flow since decisions on the best products to invest in are made earlier.

Helps in forecasting demand

Stock take apps are meant to give entrepreneurs an idea of what their clients want and how to meet that demand. One of the challenges companies face is the disconnect between what the business owners consider marketable and what the clients want. Stock take apps give a vivid impression of the demand and allow businesses to project the direction the company should take to meet this demand and make a profit.

Allows easy analysis on any device

A good stock take app can be accessed from multiple devices. This will help in the monitoring of the business from any location. This is an essential feature for entrepreneurs who travel a lot and rely on others to run their businesses. Access from various devices also helps business owners to make critical business decisions, especially urgent ones since all stock levels can be seen to make informed decisions. It is also necessary to find out if the app can function offline or if users need an internet connection for access.

Keep track of stock in real-time

This is a significant factor as it affects the ability of business owners to monitor the running of their businesses at any given time, and from anywhere. You can tell which products are in high demand and then plan on restocking on those as soon as you can. You can also identify the products that either need to be marketed more or need to be removed, especially if the return on investment is low. Having a stock take app also important in guiding the marketing and sales team of your company.

 

Although the cost of investing in a stock take app affects the decision for many companies, the benefits and features available are equally important. It is critical for business owners to understand the specific needs of their businesses before deciding on which stock take app to purchase.

Understanding a Stock Control System and How It Can Benefit Your Business

Understanding a Stock Control System and How It Can Benefit Your Business

Running a business is a demanding task and managing everything effectively requires a lot of hard work and dedication. But none of this would matter unless you are well acquainted with what lies below. For the success of your business, it is very important to understand stock control system.

For a hassle-lite stock-taking experience, you should consider using technology to help you do so. Stocktaking apps are very common now and vendors such as Orangekloud will help you solve your logistical issues with cutting edge mobile apps for your company. Visit their site today: https://orangekloud.com/business-solutions/food-logistics-solutions

Next, read this article below by Arcireland on how to understand stock control systems.

Understanding the stock control system

The amount of stock a merchant has at present is referred to as stock, and the way you keep track of it is referred to as Stock Control, also known as inventory control. The system helps you keep track of inventory, from the point of its manufacturing to its re-ordering. Read more here

For the sake of minimal human errors, many businesses these days are identifying the possible advantages of a computerized stock-controlled system which may help the business in theft of assets, avoiding shortages and saving up on restocking time. Some of the major advantages consist of the ensuring of properly stocked inventory. Over or under stocking are the major issues that will be avoided in the first place. Less stock can be translated into unhappy customers and over stocking will gather up the business’s cash as an opportunity cost.

Next, read this article below by Yashodeep Sengupta to learn how to turn your inventory into retail.

Making use of your inventory management skills

The future of retail lies in the intersection of online and offline retail. Enterprises are waking up to this moment of truth and re-programming themselves so that they can inhabit the vital space within. Brick-and-mortar brands are acquiring ecommerce platforms to stay relevant. And online-only brands are realizing that ignoring a physical presence can prove fatal. Read more here

In today’s world, we are undergoing a major change where our platform is changing from a physical one like a shop to that of a virtual one- an online website. Mishandling or miscounting of inventory mismanagement may result in missed selling opportunities and incorrect information for buyers which may impact sales and brand value negatively thus make the customer experience bad.

Let’s look at some case studies of inventory optimization. The first one has a large retailer, Target in it. In the year 2015, Target’s Canada supply chain went totally off beam as Barbie toy cars stopped selling. The problem identified turned out to be increased supply and low demand. Walmart also faced a similar issue. It has a record of the very infamous inventory management which underwent through ‘My Productivity app’. It is accessible by all the customers and allows them to call for restocking and time management.

Many retailers are using this on a large scale to diffuse power to shareholders to get this huge responsibility off their shoulders. Many well-known enterprise retailers with inheritance infrastructure are revealing their information through APIs and arranging for apps to the cloud to conduct advancement. The biggest examples are Target and Walmart. The cleverest thing you can do is allow the customers to send an alert when the stock levels are low. You don’t have to employ anyone for it or depend on technology to do that for you.  Amongst these customers will be potential vendors who will provide solutions for you too. This allows these retailers to cope up with technology giants such as Big Data analytics, robotics, machine learning and RFID.

From our personal to work life, we feel technology’s impact in more than just a hushed manner.  With its tangible benefits to humankind, it’s no wonder that it is readily accepted by many industries with open arms. This includes warehouse management as well. For a handful of businesses, selecting products for order fulfillment may still be a feasible option, but for others labor-intensive exploration has become ancient. The technology systems are largely amendable to exact needs.

Next, read this article by Opal Technology to learn how technology is serving to the betterment of stocktaking.

Drones- the likely face of the future

Drones help in almost about everything. A crucial thing to keep in mind is that the inventory system is not capable of producing correct results if the data entered in it is inaccurate in the first place. So you cannot blame the technology for human error or infiltration. Read more here

Therefore it is important to employ good labor in the first place and why it becomes so important to handle all this the right way. It does not matter which inventory system you choose. What is important is how you manage and monitor the system. It is also useful if you have a software consultant by your side, as they can help arrange and take care of the selection process without involving you. This means a lot less worry on your mind and good advice that may help you in the long run.

In conclusion, using complex technology in our daily work can be disorienting if it is not widely used previously. Small steps should be taken if the company has decade-old processes in place, or has a workforce slow to change. The way forward is technology-based, including areas such as warehouse management. With the tangible benefits of technology, it would be a loss to not join the fray to adopt these technologies too.

Top Myths Debunked About Integrated Security Systems

It is unfortunate but a bitter fact that the world is not becoming a safer place at all like it used to be, whenever you switch on your television set or pick up any newspaper or even hear the news on your radio, you are bombarded with a series of talk about murders, robberies, home invasions, break-ins and many other crimes that are bring committed against property and people.

One system that can solve these problems is an Iris Recognition System. For a start, ATT Systems Iris Recognition System provides one of the most comprehensive security options which you can count upon. Visit their site here today: http://www.attsystemsgroup.com/access-control-system

But what is surprising that even though there are sophisticated and highly useful integrated security systems solutions available even when with the iris recognition system , many people do not think it important to use them. They would rather give plenty of excuses for not getting them installed and most of their explanations have a link to the myths or misconceptions about these systems. Get yourself familiar with some of the most common myths related to integrity security systems.

Myth 1: Security system is not required since I have coverage. Moreover, I stay in a safe locality.

This is not true at all as thieves can invade any area or locality. While you may feel that your neighbors will always help to keep watch, it is possible for them to keep an eye on your property. However, experienced robbers do not look like thieves at all so they may not raise any kind of suspicion. Additionally, though you may have purchased insurance, it may not replace important personal details of yours like confidential information, credit, and debit card details, SS numbers and so on. Such information are of immense value to any professional thief for that matter and is much more precious than a stereo system or watches that your insurer could replace.

Myth 2: A security system is relevant only for the affluent

For you, your property is as precious as that of anyone lesser, irrespective of the financial status. Wealthy or poor, every person has possessions to protect and safeguard. Most people are more worried about the security threat than the actual loss of their possessions. After all, it is natural for all to have a sense of being secure and safe.

Myth 3: A security system is very costly

It is perhaps one if the biggest myths associated with security systems. In reality, with the technological advancement, security systems are now being manufactured using components that are less expensive. Today, the market offers a range of systems catering to all types of budget, dome bring even less cheap than the cable bill you pay on a monthly basis. Additionally, when you take into account the discounts offered by some insurers when you install a security system, you are actually paying even less.

For more information visit http://www.attsystemsgroup.com/integrated-security-management-systems-isms/ OR Apply now.

How do you begin the process of finding a competent queue management company

You may decide to get the services of a company for your business especially for your queue management needs. But how to go about the task is a big question because the process of choosing a competent company should be smooth and hassle-free. Not only that, you must make a perfect choice as well. Before you go about the task, you should know the advantages of hiring such a company.

An ideal company should ideally be well-established in the industry, not just for one products but for the whole range of products it offers. Its products should also be well received. Lastly, it should be constantly innovating and seeking new updates to its current inventory.

One such company is ATT Systems, who is renowned in the industry for their Queue Management Software used in waiting rooms of many institutions. Their queue solutions are also compatible with third-party software, and this flexibility allows for a wide range of integration. If you are looking for a reliable vendor, they are a good option to begin with.

Next, here are some pointers to consider when choosing your vendor.

Security aspect

1. Remember that you should afford utmost importance to the security aspect for running your business smoothly and successfully. As in every other field, there may be stiff competition in the field in which you operate also. Hence, you should ensure that your data, the important documents of your business and the papers that describe your plans do not fall into wrong hands. If your competitors come to know of your strategies, they may try to acquire the right type of ammunition for their arsenal for out-smarting you. By getting a good security and queue management system installed for your business, you can keep the wrong people who are waiting to steal your secrets at bay.

Customer service

2. Your aim is to succeed in your business but for accomplishing this aim, you should serve your customers in the right manner and on time. This means that your customer service efforts should be immaculate. Remember that customers hate squandering of their time. They are not ready to wait indefinitely for having your services. If you delay offering your services or making deliveries of the orders placed by your customers, they will not hesitate to switch loyalties. That is the reason you are advised to put in place a good queue management system so your customers get the services they need on time. Since these customers will have a fair idea as to when they will get their services, they can make their plans suitably.

Quality Services

On the face of it, it may look that the process of choosing a provider of security and queue management services is the same as the process of finding providers of other services. But in reality, looking for a provider of security services is different in the sense that these services are vital for safeguarding your operations and also for ensuring that your journey towards achieving your business goal is smooth. This means that your research should be through a different lens.

In most of your researches, you will proceed with an economical angle in your mind. But the emphasis should be more on the logical angle when you look for a provider of queue management and security services. The idea should be to have 100% protection for your business.

This means your focus should only be on the quality of the services you expect to have from the provider. The only way is to check the track records of the providers you are considering. You must choose only that provider the track record of whom is absolutely flawless and COMPLETELY satisfactory.

 

When you use a good vendor, positive customer experience will result. Krill Tsernov writes:

Let’s imagine a doctor’s office that has a doctor for every single need a visitor could have—remember, we’re using our imagination.

Well, thanks to the office’s QMS systems, the front-end workers know exactly why each patient has arrived at their office.

For example, Mary Sue needs an ENT for a perpetual sinus infection, while Sean MacGyver can’t stop going to the bathroom and needs a Urologist.

QMS makes it simple to quickly match both Mary Sue and Sean with the doctors that best suit their purposes for visiting that day. Once doctors are free to take a new patient, the queue system pings, alerting the receptionist to send the next patient to them.

Read more here.

Customer experience is the invisible push or pull force that will affect your business directly. With the spread of social media, one prominent bad experience is all it takes to garner negative PR for your company. However, that is not the only danger you need to look out for.

If you encounter a bad vendor, they can not only cause you immediate inconvenience, but also harm your operations in the long run, if you need even more effort to recover your operations back to normal for your clients.

Roger A. Grimes writes:

“Often times it isn’t the patch management software’s fault — it’s the managers. They only patch some items, but miss the most popular targets, such as Java, Adobe Reader, Flash, and more. Or they don’t patch in a timely fashion. Or they don’t follow up on why some percentage of their population doesn’t take the latest applied patch, so there’s always a vulnerable portion of users. Even in the best cases, getting patches out to the masses takes days to weeks, while the latest malware spreads across the Internet in minutes or hours.” Read more here.

 

In conclusion, choosing an operator needs to be done with proper research, and not just from cost-saving, ‘integratedness’ or ‘what everyone uses’. Your business may have specific needs that a specific solution, so do identify that to your vendor. A good vendor should place service first before profits. When you meet such a vendor, you should seriously consider them.

After choosing a vendor, put them to the test and evaluate their performance by reviewing the customer experience from your customers. If the system is easy to use, user-friendly, and makes processes more efficient, then this is a vendor worth building a good relationship with.

 

Video Surveillance Technologies – strengths and weaknesses

Thanks to the video surveillance technologies that are available now and that are described in http://www.attsystemsgroup.com, organisations and governments are able to mitigate the issues caused by security threats to a certain extent together with the iris recognition system as well. Let us now look at the strengths and weaknesses of these technologies.

1. Analogue CCTV Technology

The strengths of the Analogue CCTV Technology are its robustness and its easy-to-install-and-maintain feature. Users will not face any compatibility issues between the DVRs and the cameras. Unlike the CMOS cameras, the cameras of the Analogue CCTV Technology perform better even in low light conditions. Users can get the technology installed at affordable costs.

The weaknesses of the technology are its image resolution is limited, 1 camera will be able to cover only a single traffic lane and the technology does not come with more number of advanced video applications and integrations. The quality, security and reliability of the wireless transmission of this technology is inferior to that of of many other IP technologies.

2. Advanced Analogue CCTV Technology

The strengths of the Advanced Analogue CCTV Technology are similar to those of the Analogue CCTC Technology but providers of this technology have made significant improvements to its features.

3. IP (Network) Technology

The strengths of the IP (Network) Technology are excellent clarity of the pictures thanks to its megapixel resolution, and its robust, interference-resistant and secure signal. Users can add cameras or if they want, they can remove and replace cameras, data-storage devices or the NVR. Users have options for data storage such as remote storage, redundant storage, etc. Users can easily maintain the system and upgrade the software and the firmware of the network devices or the cameras.

The main weakness of this technology is that the performance of its IP camera is inferior to those of analogue cameras. The system is not as robust as the analogue system. Those who choose this system must have good knowledge in the technology and computer networking. Otherwise, there may be issues like missing frames, latency and delays. The cost for setting up the system is high.

4. HD-SDI Technology

Strengths of the High Definition – Serial Digital Interface technology are the resolution of the videos may reach up to 2MP pixels and it is easy to set up, install and operate. It can easily be maintained also. Users will not face any compatibility issues.

The main weakness of this technology is transmission of its video signals may be affected by electrical noise or electromagnetic Interference.

5. HD Analogue CCTV Technologies (AHD, HD-CVI and HD-TVI)

The strengths are similar to those of analogue CCTV systems. But unlike the analogue systems, this technology transmits video, audio as well as serial data. The signals will not be affected by electromagnetic interferences. There will not be issues such as latency. delays, etc. Its low maintenance cost is another great feature.

Visit http://www.attsystemsgroup.com/cctv-and-video-analytic-solutions-2/ OR RSVP now for choosing the system that suits their needs.

Delivering on Brand Promise with Konverge Retail POS in Singapore

As a retailer, you have a brand promise that you want to deliver to your customers. You want to learn about them more, you want everyone to experience seamless transactions and have an inventory visibility that meets the required standards. This is not easy without technology that is easy to use. For this and much more such as fast processing of customer transactions, you should consider having a POS system.

The Benefits of the Konverge Retail Pos

There are a multitude of benefits that users of this system enjoy. Its an e-commerce integrated system that tracks inventories whether it is in a chain or a single store operation with a guarantee of inventory visibility. It becomes easier to handle real-time data, trace stock movement, handle promotions, multi-tier pricing and discounts as well as track refunds and returns that have been made in the past. No matter how complex the retail business requirements are, these retail pos is reliable and user-friendly.

The self service kiosk is one good example with a integrated function.

Better Inventory Management

Tracking inventory movements is not efficient if it is done manually. A staff may postpone the recording and end up forgetting. This does not happen with Konverge POS system with its inventory management system. It handles lots, batches, allocation and SKU numbers. By providing real-time reports, this system automates inventory count update. At the end of the day, it enhances inventory accuracy and reduces inventory turnover cycle.

No More Missed Order and Manual Errors

Missed orders and manual errors can be avoided when reliable software is in place. The profitability of a business is highly affected when such mistakes occur, but with technology advancements, these are mistakes that should not be happening today. The question is, how can you make this possible? With the POS, there is an automated end-to-end system that comes with the Konverge Pos Item Requisition module linking the head office with outlets. Every order that is made at an individual outlet is electronically transmitted to the order office. This saves the company a lot of time.

Promotes Business Growth

If a business is stagnant, there is no use in running it. One of the things that can slow the growth of a business is having staff focus on sorting out manual errors and administrative issues. A lot of time is wasted on such tasks which slows down growth and in turn affects revenue. With the POS , everyone in the company focuses on other important aspects of growing the business. It is the time saved by use of the system that improves staff capacity for the overall growth of the company.

Besides all the advantages of using this system, the beauty of it is you do not have to go through a complicated process. It is a user-friendly system that gives the customer the experience they are looking for. It might seem to be a simple system, but it handles complex requirements in a business. The market today is competitive, and this integrated system will help you stay abreast.

Aligning ERP Requirement and Delivery

ERP helps in optimizing your business’ internal value chain. It is the solution to your problems of scalability and data flow within the organization. You have information at your finger-tips, real time. However, you might think that ERP solutions are at the very best an off-the-shelf product. How well can it help you and your business’ specific needs? This question brings us to think about the alignment of the requirements that a business has from ERP software and how the software can deliver and match up to expectations.

ERP can be customized according to the customer’s needs. However, most ERP vendors often advise against it. Present ERP systems have been built over a foundation of tried and tested methods and best practices. More often than not, problems that SMEs currently fear facing in ERP implementation have already been dealt with and addressed by the current breed of ERP software. This partially solves the worry of business process going topsy-turvy during an ERP software implementation. Standardization in this case can help address problems better than customization of the ERP software.

Flexibility over Standardization

There is however one thing that trumps standardization and that is flexibility. Even if you implement standardized ERP software you will need to constantly upgrade and update it. Technology is a dynamic variable and as such it demands continuous upgrades. You should ensure that every time there is a change in any business process, you update your ERP software too.

For example, your business must comply with certain financial regulations. You should check that your ERP accounting software is designed to ensure compliance with such regulations. Finance is the life blood of business, and there are major regulatory frameworks to adhere to when it comes to finance. Properly implemented ERP accounting software will help you make sure that there are no breaches.

Flexibility also means scalability

With the rise in ecommerce, SMEs are scaling globally. They deal with customers overseas and ship their products all over the world. Dealing with customers around the world means having your systems and business processes running 24/7. This can be achieved effectively only when you have holistic ERP software implemented. Scalability also means an increase in manpower within your business. Increased workforce calls for Human Capital Management, which is another area where ERP can help you perform effectively.

In short, ERP software can mean a world of difference to your business. You will need to identify your business’ specific requirements well and communicate them to your ERP vendor: so that they can provide to you a standardized yet flexible ERP solution that can help your business grow exponentially.