**Originally posted on HARMONiQ There’s no denying that if you want to grow your business, you need to grow your revenue. But this doesn’t necessarily mean putting all your effort into growing your customer base. In fact, retaining and growing your existing customer base is more cost effective for your business than attempting to gain more […]
**Originally posted by HARMONiQ When we think about the factors that could be affecting the profitability of our business, our mind often skips straight to the big-ticket items – sales, cost structures or inventory. While it’s important to consider these bigger aspects, we often forget to think about other smaller inefficiencies that could be present […]
**Originally posted by HARMONiQ Fail to plan, plan to fail. The idea of what a new ERP system and process automation can deliver for your business is exciting – but before you can experience the benefits, you need to undertake a successful implementation. In our last blog, we talked about how to decide whether an […]
**Originally posted by HARMONiQ. The opportunities and benefits of workflow automation Whenever you’re considering a change in business process, it’s important to know why you’re making the change and what you’re getting out of it – especially when it’s going to affect the entire organisation. Enterprise Resource Planning (ERP) systems are software solutions that automate […]
It’s estimated that Australian wholesalers and retailers lose an average of 1.24% of total turnover per year through various forms of inventory shrinkage. That adds up to a huge amount of money — last year alone, it was estimated that a staggering $4.5 billion was lost due to inventory shrinkage in Australia’s retail, warehousing and distribution […]
As a distribution or wholesale company, there are probably a number of Key Performance Indicators (KPIs) that you’re keeping a close eye on. With so many moving parts, you can’t really afford not to. But the best-of-breed companies always seems to do things a little differently, and that includes the wholesale and distribution KPIs they […]
As challenging as it may feel at the time, you and I both know, closing a new software implementation deal is only half the battle. Once that’s done, you have to actually deliver your project on schedule, within budget, and to a satisfied client… which in our industry can be easier said than done. Failing […]
The difference between Reactive vs. Proactive business management I’ve spoken with many business leaders across Australia and NZ who feel held back by their systems and processes, and they’re all familiar with many of the same issues… ‘I didn’t know’ / ‘Out of stock again’ / ‘System won’t let me do that’ / ‘finding new […]
Many businesses find that as they grow, their warehousing becomes inefficient and drags behind them. Very few businesses have warehouses optimised for productivity, and continuing to rely on labour-intensive processes results in poor resource utilisation and ineffective inventory management. The consequences of inefficient warehousing are numerous and affect all aspects of an organisation, especially revenue […]
A decade of blistering change — technology advances, economic uncertainties and rising customer expectations — has shifted the ground seismically for retail, warehousing and distribution businesses. And there’s only more uncertainty ahead. Probably the greatest threat (or opportunity, depending on where you sit) is the growing inroads made by e-commerce. The arrival of Amazon, in […]