We must first tackle the issue of finding the right Warehouse Management System (WMS), in order to streamline your business operations. Finding the right software platform, at an affordable price, can positively enhance your distribution network. Many of today’s most successful companies have achieved mobility, efficiency as well as ease-of access. These three aspects are crucial when selecting your WMS.
Archive for year: 2013
This post was updated to reflect current trends and information
Not long ago, most Enterprise Resource Planning (ERP) software solutions were too costly for small and medium sized businesses. Only the larger corporations were able to afford the high initial investments associated to these systems. This problem caused many SMEs to either adopt more affordable systems for the different aspects of their business or simply use Excel spreadsheets, etc. These outdated methods slow companies down and prevent them from expanding and growing properly and efficiently. ERP systems are designed to streamline and automate all aspects of a business, which in turn increases ROI considerably. Read more
“Canadians are online, but Canadian businesses aren’t there. The result is Canadian consumers are buying online from the U.S. and other countries”
Anita Bezeau, Assistant VP, Information & Communication Technology Solutions at the BDC
Nowadays, consumers are not only shopping in malls and stores. Many of them shop or even just browse online, from their home computers, laptops, tablets and even mobile phones. However, as online shopping is gaining popularity, Canadian businesses are falling behind.
Tips to Simplify your Business
recommended by Pierre Namroud, CEO of NAMTEK Consulting Services
Tip #1 Select a fully integrated software system to run your business
When selecting to set-up a new software solution, whether it be in accounting, sales, purchases, EDI, inventory management, Business Intelligence, or simply deciding to upgrade your existing one, remember that the best option would be to have a single fully integrated software platform to run your business. Read more
Today’s business environment is very competitive, as lead-time to deliver, response time, and quality and speed of customer service are all becoming critical factors for the success of any enterprise. More and more small and mid-sized enterprises are continuously faced with new challenges in which they have to overcome in order to compete and progress in their industry.
One of the critical challenges for SMEs is to make sure that the data and systems used to run their day-to-day business operations are safe. Finding solutions to safeguarding their systems continuity and recovery after an IT failure or a major disaster that might happen to their servers or critical workstations is needed.
Certainly any company can restore its data after a failure, however the key to any truly successful restoration is the amount of time it takes. Therefore, how can companies shorten the time of recovery without major upfront investments?
Namtek at the iExpo’ 13!
Last week, we had the pleasure of exhibiting at the Salon Opportunité PME + iExpo 2013, which was held at the Palace Convention Center in Laval.
Our Experience
With over 30 exhibitors, presentations from top SME executives and networking events, our team met a lot of great people.
What manager has not dreamed of a sophisticated system for a better management of in-store inventories?
The challenges of in-store inventory management
Most often, it is the visibility of inventories which is the problem. Without automated in-store inventory management, it is impossible to know exactly what’s in stock.
This inaccuracy results in either a lack or excess of current or even obsolete inventory. Many may believe that having an excess of inventory is more desirable than having a lack of one, however this is false. In the first case, stock is not being used and in the second case, the quality of customer service is affected. In both of these cases, profitability and working capital are negatively impacted.
Due to technology’s constant evolution, keeping up with the times poses a real challenge to many businesses. This is especially true when trying to stay efficient and accurate in Management Accounting.
In a survey conducted in 2011, nearly one third of accountants surveyed showed concern towards their business’ ability to incorporate technological change.
For the small and medium-sized enterprises, limited resources is a big reason why acquiring the latest accounting systems is put on hold.
Today, SMEs face significant challenges in relation to IT Solutions. The accelerating pace of innovation brings about many short-lived IT products and expensive offers, which can create unbearable pressure on the IT budgets of small and medium enterprises. Therefore, the right management software is ideal for businesses looking to be more competitive in the global market, where competition is fierce especially nowadays where prices of goods and services are low due to the low labor costs. Many business owners are looking for an affordable, user-friendly solution that is continuously updated and where their time could be spent focusing on their business needs rather than on any IT hassles and worries.
The growing mass of data generated by businesses is a real challenge. The lack of effective tools to identify trends hidden in the large amounts of information1 often prevents companies from identifying strategic information critical to their competitiveness. Fortunately, technology now makes it possible to meet this gap using Business Intelligence tools that are capable […]
