WBSRocks: Business Growth with ERP and Digital Transformation

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Demand planning is a double-edged sword, and it's tough to predict. Demand planning requires you to plan enough and then be nimble and agile while tweaking the demand as the market condition changes. Most companies take an algorithmic approach
Complying with regulatory bodies is more than just producing the documentation when they ask for it. If the regulatory body is as stringent as FDA, they look for several red flags, including completeness and thoroughness of the documentation an
Remember when you bought five shirts last time and ended up returning all? Let's face it. Consumer behavior is unpredictable. It is especially challenging for the apparel industry, where one loose thread or difference in perceived color could b
What helps you compete in the market? Is it your unique product? Is it your operational efficiency? Is it your market segment? Or is it the alignment of your manufacturing and operational strategies with market needs and business goals? Since m
If you are involved in vendor negotiations or expense management, it's hard to know if you may be overpaying for services or goods. What if there was a way to benchmark your expenses against other companies. Enter big data for expense managemen
Warehouses have been using automated storage and retrieval systems (ASRS) for a long time. While they have come a long way in their capabilities and along with their interactions with other newer technologies such as robotic arms or cobots, the
How would you feel if you had a handful of customers with huge leverage decided to consolidate their vendors and put pressure to cut the prices further that you might not be able to afford? No one wants to be in this situation. What would you d
Whether you are releasing new parts or making changes to existing parts, you will likely go through the engineering change process (ECN). More often than not, engineering organizations are siloed from the downstream organizations and don't unde
SMB manufacturers and distributors in the personal care industry face unique challenges. These difficulties could be even more for organic products or the items that need to comply with FDA., such as sunscreens. They need to ensure enough deman
As procurement departments and buyers become more sophisticated, manufacturers and distributors will see more scrutiny from their customers, especially if they might be selling high-value and complex items. They have already been facing cost pr
Your CRM system is key to managing your customer relationships and providing the customer experience to help you stand out among your competitors. While most organizations may use some form of CRM system, the adoption rate is low. Most CRM syst
When you grow in transactions and have many low-dollar transactions, the cost of processing transactions could be higher than the expense being paid. You might also face this when you may be purchasing cheaper consumable items from one-time ven
Remember walking around a gym to find the weight you wanted for your next set of exercises? It could be even more frustrating and inefficient to locate a tool or asset in a large manufacturing facility or a warehouse. What if you had real-time
If you are building or upgrading your e-commerce capabilities, you are likely to evaluate several platforms. This evaluation needs to be comprehensive, covering factors ranging from legal contracts, deployment issues, customer experience needs,
Cash is the lifeblood of a company. Cash forecasting is the discovery process to predict your future cash needs. How would you feel if you discovered that you had four months of cash left to operate? I am sure you will lose your sleep. Thus, ca
If you focused on the metrics for each employee where they contributed to the organization's overall improvement, it could result in millions of dollars of savings. But finding the areas of improvement is easier said than done. It requires you
RFID technology has been available for a long time, but its adoption has been limited to high-value assets. Most manufacturers might not believe that RFID technologies can track commodities and be an excellent replacement for barcode labels. Un
Energy has always been one of the heaviest line items on a P&L for manufacturers. While manufacturing executives are acutely aware of the energy costs, they have struggled to enforce energy-saving procedures. In fact, the push for quality and p
Material requirement planning helps in keeping the appropriate inventory levels that you need for manufacturing. If the MRP processes are not optimized, it could result in surplus inventory or component shortages that could halt your production
With new trends and technologies such as additive manufacturing and experimental design, it's never been this easy to launch and disrupt a hardware product category. The traditional manufacturers that are slow in taking advantage of these trend
While other industries such as banking or logistics have successfully differentiated purely because of technology, manufacturers treat digital technologies as their stepchild, especially in the SMB space. SMB manufacturers and distributors rare
Running a machine shop is complicated with complex parts, heavy precision needs, and tricky materials handling requirements. With cost pressures from customers, rising material costs, and shrinking margins, one inaccurately estimated job could
Cost accounting is a complex topic. You have so many different choices, and sometimes it's hard to decide which method may be appropriate for your business. If you choose an incorrect accounting method, you may get a significant variance and re
New product development is complex. There are financial risks associated with research and development. The experience could be even more frightening if you are new to R&D, have a tight budget, or working with external or overseas partners. Whi
The lines keep blurring between traditional retail supply chains with trends such as DTC and buy-online-pick-up-at-store. With large retailers offering such convenience, it's harder for smaller retailers to compete. These models require you to
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