Chicago Tube & Iron was at a technology dead-end: Its 30-year-old, Unix-based operations management system was heavily customized and difficult to maintain and update. While it served the distribution and fabrication company well for many years through changing business models, it was (past) time for an ERP upgrade. But COVID pandemic restrictions and complex customizations presented challenges.
To accelerate core processes, maximize efficiency and have an up-to-the-minute view of operations, distributors need the right ERP solution – one that meets the unique needs of the industry and their organization. What is the best ERP software for your company? Get the detailed knowledge you need to make an informed and intelligent choice when you read the 2021 ERP Vendor Update: Distribution.
Are you confident that your team can select the enterprise solution that is best-suited to your organization and industry? Is your company able to objectively evaluate the software options? Is your organization prepared to navigate the complex (and competitive) vendor landscape? Ensure that you consider all the key factors – and make the right choice – with this checklist and these important questions.
For distributors, metrics can point the way to profits. Up-to-the-minute, detailed and accurate key performance indicators (KPIs) – driven by data provided by your ERP solution – can tell you which processes are working well, which are broken, which can be improved and which offer the greatest opportunity to improve your bottom line.
It’s common to believe that implementing a new solution will fix supply chain issues. But new software alone isn’t the answer – especially now. While few businesses came through the pandemic unscathed, some fared better. We can learn from their success and use that knowledge to create supply chains that stand up to the harshest economic conditions.
The procure-to-pay (P2P) process offers exceptional opportunities for optimization and integration. Many forward-looking organizations are eager to achieve new efficiencies, and are looking closely at P2P software solutions to centralize and automate the purchasing and inventory processes. But success requires some up-front work. Is your organization ready?
For manufacturers, the COVID-19 pandemic brought unprecedented supply and demand chain upheaval. How successful were “textbook” best practices in mitigating and managing the new normal? Did they provide the required resilience? And now, with the worst of the pandemic behind us, what practices should be put in place to provide the flexibility needed to accommodate shifting manufacturing strategies?
In today’s new now, it’s important for distributors to do everything they can to shave costs, increase revenue and boost profitability. The question – and challenge – is identifying the processes and functions where efficiencies, pennies and a tenth of a percentage point in margin improvement can be found. The right metrics will make the answer clear.
With the worst of the COVID-19 pandemic in the past, distributors still are challenged like never before: Supply chain networks remain exceptionally complex, customer demands continue to escalate and disruptions are near-constant. What can forward-thinking distributors do to optimize operations today and enable success tomorrow?
The COVID pandemic and the post-COVID business environment are challenging distributors in ways they’ve never experienced. And a number of problems – the disruption of supply chains, forecasting difficulty and the pressing need to change the interface and interaction with customers – are forcing significant changes. What are the positive actions to take?