Multi Currency ERP for Small Businesses – EMERGE App


Why You Need to Deal with Multiple Currencies. Perhaps it should be “Multi-Currency Makes The World Go Round” in today’s mobile web world. You buy things in different currencies from suppliers in many countries. And you sell things in your local currency.

Inventory Management Techniques That You Need to Know About


Not Another List of Inventory Management Techniques. I want to start by saying that this is not an exhaustive list of all the possible inventory management techniques available for all industries. What Should You Care About Inventory Management?

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What is Web Based Inventory Management Software?


You run a lean business model with minimal overheads and using web-based inventory management software plays a big part in this. And you expect the same standard for inventory management software. What to Expect from Web-Based Inventory Management Software. Introduction.

Overcome Manufacturing Supply Chain Challenges with Digital Planning


In a recent KPMG study, 69% of manufacturing CEOs say acting with agility is “the new currency of business; if we’re too slow, we will be bankrupt.” Excess and obsolete inventory. We’re projecting a 60% reduction in inventory across SKUs when the full rollout is complete.

WooCommerce and Inventory Management Software


Then we’ll examine why you need a robust inventory management system behind WooCommerce. We’ll move on to present EMERGE App as an inventory management solution and the benefits of them working together. EMERGE App is one such add-on for inventory management.

Landed Cost – Landed Cost Formula + Calculators


Apart from the cost price of the product, landed cost is made up of different charges like customs duties, currency conversion, insurance and other costs up to the destination store. If the shipment is imported overseas then custom duties and currency factor.

Aged Inventory Reports: What are they and how do they impact inventory control?


Aged inventory generally refers to inventory stock that has been held for longer than six months usually due to low consumption or slow sales. Aged inventory is not an overnight occurrence however, any surplus of inventory stock is both costing you money and restricting your cashflow. Aged inventory reports. The length of time inventory stock typically sits on the shelf or in the warehouse before being used or sold. Implications on inventory control.

Inventory Management and Xero Accounting Software


There’s no question that inventory management and accounting are inseparable. Small and medium-sized businesses that deal in physical goods want to manage their inventory and the flow of goods in their business. Why Not Get All-in-One Accounting and Inventory Management Software?

Your supply chain is costing you money – Reason #5 Not having a supply chain risk management process


If your supplier decides that you need to pay more or global currency exchange rates drive up the cost of a component (and you have no alternatives ready to go) your margins can be significantly impacted. If your demand decreases, you have excess inventory or idle capacity.

8-Step Importing Guide For First Timers


Here, landed cost includes the original price of the product, transport fees, customs, duties, taxes , insurance, currency conversion and handling fees. International Currencies & Taxes. Simply define the currencies that you trade in and exchange rates for the currency pairs.

Lost in Translation-Incorporating Consumer Demand into your Supply Chain

The Network Effect

A few years ago, a news report came out of China stating that they were going to put an end to pegging the renminbi (China’s domestic currency) against the U.S. This was a long awaited announcement that completely shocked the global currency markets sparking massive trades out of the U.S.

8-Step Importing Guide For First Timers


Here, landed cost includes the original price of the product, transport fees, customs, duties, taxes , insurance, currency conversion and handling fees. International Currencies & Taxes. Simply define the currencies that you trade in and exchange rates for the currency pairs.

7 Avoidable Data Errors in Your Supply Chain Data


Currency. You’ll need currency conversions at sales points, but you’ll also benefit from accurate currency conversions at your assessment and planning levels. For example, tracking revenue in each location’s currency helps you to assess those values within that market context.

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Amplify Your Supply Chain While Capitalizing on your IT Infrastructure


Our biggest headaches were very basic – we couldn’t easily switch between metric and imperial measures, and currency conversions were a nightmare. You may also like: Sensient Colors Mixes the Right Formula for Inventory Optimization.

How To Ensure Best Practice Use Of Your Business Intelligence Dashboards


Working with dynamic sales KPIs, this dashboard makes your business economically efficient by providing clear, logical visualisations of critical inventory stock and sales data. Tracking inventory stock levels, logistics functions and warehouse operations, improving supply chain efficiency with KPIs, inventory control, logistics and warehouse operations in a single display or interface. Provide context and currency.

Top 10 Reasons Why Santa Has The Best Supply Chain


5 One currency for every country. 10 No inventory issues. by Bill DuBois Since the Holiday season is upon us, what better way to celebrate than with a top 10 list, which I hope will put everyone in a festive mood! Here is the ‘Top 10 Reasons Why Santa Has the Best Supply Chain. #1

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Avoid “Lost in Translation”. Monetize S&OP to Include Finance.


Gartner recommends multiplying the planned unit volume: by price to generate monetized revenue plans, by cost to generate monetized inventory plans, by margin to generate monetized profit plans. Finance speaks a different language than supply chain.

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Exploring the Eight Layers of Matrix Retail

Supply Chain Network

Current methods of product inventory deployment with large store sizes and significant inventory on hand depth at the store may soon be a thing of the past for retailers wishing to succeed in an omni-channel optimized Matrix Retail world.

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How international shipping can be improved in today’s global automotive supply chain

The Network Effect

In earlier posts, I talked about order aggregation , new inventory replenishment policies , why a network model makes so much sense , and the all important ASN.

One Way to Start Your Digital Transformation


This concept has gained a lot of currency recently, but it is actually not new. Are you leveraging detailed demand data to optimize service levels and inventories? Editor's note: Due to the holidays, there will be no blog post next week. Happy Holidays and Happy New Year!

13 Reasons Why (Wholesale) Small Business Fail


They constrict your cash flow so it’s really important to know what is in your inventory and slash prices to clear them whenever you feel a change in market demand. It all starts with really great foresight and knowing your inventory real time. Business is tough as s**t.

2020 Requires Big Wings and Feet

Supply Chain Shaman

Granular data by volume is a must to be able to manage replenishment, network design, and inventory targets. Most budgets are completed in currency at a brand level. A simplistic view is that supply chain excellence is the trade-off of cost, inventory and customer service.

Strategic sourcing enters a new age. Are you keeping up? (Part 2)


Financing, hedging, and currency plays. Inventory. In last week’s blog , I began discussing telltale signs that you have entered the new age of strategic sourcing.

Will Supply Chain Planning Productivity be a Hot Topic in 2017?


So whether you call it “automated planning”, “lights out planning”, “low touch or no touch planning” or even “driverless supply chain planning”, reducing human intervention is gaining currency.

This Week in Logistics News (October 26-30, 2015)

Talking Logistics

According to Reuters , Walmart applied for permission from the FAA to test drones for home delivery, curbside pickup and checking warehouse inventories. on, and can be shown in nearly 60 different currencies. The Cubs finally made it to the World Series.

Supply Chain: Learning How to Dance

Supply Chain Shaman

Their world view is currency-based planning at a brand level while supply chain planning is volume-based at an item/location level. (As This production logic is key to the management of inventory policy. My aged hand drapes the barre on the celebration of Global Ballet day.

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Supply Chain Planning in Emerging Markets: Four Points to Remember


Not knowing how much inventory is at each location. These large distances between demand centers increase the inventory exposure to maintain a consistent service level. Supply chain planning in emerging markets is different.

This Week in Logistics News (March 21-25, 2016)

Talking Logistics

Last week, the Census Bureau reported that relative to sales, inventories rose again in January, which is troubling. We need those inventories reduced before trucking can count on more consistent, better freight volumes.”.

How to Become a Better Exporter in 6 Steps


Deal with International Currencies. Being involved in global trade means dealing with international currencies. However, you can take steps to decide how you want to deal with foreign currency in your business. In EMERGE App you first define a default currency for your business.

5 Ways To Improve Your Import-Export Business Now


Manage Multiple Currencies. It’s a given that you’re dealing in multiple currencies in your import-export business. It’s possible but very challenging to deal with different currencies if you’re still using paper or spreadsheets in your business.

International Ecommerce Selling: 6 Factors to Consider Before You Get Started


Most countries have their own local currency, but payment providers aren’t guaranteed to support every country’s currency. To sell internationally online, you can be at home, but you’ll still need to optimize your supply chain including moving inventory and fulfilling orders.

Top 5 Reasons Why You Should Opt for Product Data Management


In today’s digital world, data is the new currency once you understand its potential and how to utilize it for your benefit. It can be also be integrated and customized with specific aspects like control systems, inventory tracking and many other eCommerce software.

Toyota and USPS See Opportunities for Blockchain Technology in Supply Chain Management

Talking Logistics

Imagine a bitcoin being a unit of inventory and a digital wallet (“bitcoin address”) being an inventory-keeping location, such as a store, distribution center, or truck trailer.

Recommendations for Managing Supply Chain Risks and Challenges


The alternative is to carry more inventory, but this carries higher holding costs. You rely on sourcing from a low-cost country — sure they’re cheap but you may be risking currency volatility, corrupt governments, unexpected shipping fees and more.

Understanding the Cost of Service

Blue Ridge

Among other things, Julian is responsible for the inventory investment for the company. Julian understands that safety stock is based primarily on statistical probability, but he would like to have greater control and visibility to that part of the overall inventory investment.