Wholesale Distribution- Benefits of a holistic approach to business

The economy is complex and volatile. Customers are demanding. How can distributors thrive? By getting closer to business partners, delivering exceptional service, and carving out a value-added and differentiated role in the supply chain

Wholesale distribution businesses have unique challenges including:

  • The need to reduce operational costs without negatively affecting customer service and satisfaction.
  • Balancing inventory on hand with variable costs and availability to impact profitability.
  • Managing a complex global network of suppliers, warehouses, and customer locations.
  • Developing an optimal product mix that leads to successful forecasting and planning, combined with excellent service
  • Managing a complex vendor cost recovery that can be expensive and slow resulting in money left on the table.

Yet, where there are challenges, there are also opportunities by taking a holistic approach to your business to:

  • Streamline, automate and integrate the Opportunity-to-Cash process to drive revenue growth
  • Collaborate with your supply network not only operationally, but also strategically to drive competitive differentiation and reduce operating costs.
  • Establish flexible capacities in fulfilment to optimise inventory
  • Gaining full visibility into cost recovery, procurement spending, supplier performance and cost-to-serve to increase cash flow.

Save time and money by incurring fewer expenses and running things quicker. By managing everything through one system, there’s only one system to implement, pay for, and maintain. And with all data managed on one integrated platform, you can see how all areas of the business are running, and react faster.

Let Signum and SAP help you to gain a competitive edge. Our solutions address the key priorities that wholesale distributors face: from demanding customers to carving out a value-added and differentiated role in the supply chain. These solutions help your organisation optimise business processes and efficiency at the lowest possible cost.

SAP has working with wholesale Distributors for over 40 years. The world‘s leading wholesale distribution companies, across every major segment of the industry throughout the world, continue to rely on SAP to enable every aspect of the business.

Want to find out more? 

Call us on 01244 676900 or email enquiries@signum-solutions.co.uk

Award for SAP Cloud Security

SAP have won an award for cloud security at the IT-Security Expo & Congress held in Nuremberg, Germany.

The award, by IT Security magazine, was for SAP’s Security Configuration Compliance project, which helps increase the safety of cloud infrastructure.

“We are honoured that our security teams have won this award,” said Bernd Leukert, member of the Executive Board of SAP SE. “While security is a must in the digital economy, being recognised as a leader in this space re-emphasizes our measures to protect SAP customers and ourselves.”

SAP started the Security Configuration Compliance project to achieve transparency in data collection, reporting and the improvement of security parameters. The project helps ensure regular checking of defined security. The identified level of compliance is made transparent to responsible technical staff and to SAP’s cloud customers through a reporting dashboard.

To find out more about SAP and the products available for your business, call us on 01244 676 900.

Four ways to simplify and grow your business

As a business owner, you’re probably thinking about the most effective way to grow and build a profitable company. But it can be hard to focus on growth when you spend all your time working on the smaller details. And if your business is not functioning as effectively and economically as it could be, it can be even harder.

These tips can help you simplify the way you run your business, leaving you time to focus on the areas that will help you to grow it…

  • Put all your data in one place

When you use one software application that integrates all your systems, you get instant company-wide insights into all areas of your business. So you don’t have to search through multiple entries, across a number of spreadsheets and databases, to find what you’re looking for. Instead, you have all the facts at your disposal instantly, so you can make smarter decisions. And you can make them quicker.

  • Save time and money through automation

Manual entry of data across a number of systems can be very time consuming. And it takes staff away from performing other critical functions, or working towards helping you achieve greater ambitions. If you automate the key functions of your business, everyone will have more time to focus on development projects that help you drive growth.

  • Reduce simple mistakes and human error

Mistakes in your data can be costly. Experian’s Global Research Report 2014 found that 59% of data errors are caused by human error. And it can cost between £1 and £100 to rectify each mistake, depending on the time at which the error is noticed. Cut down on the potential for mistakes by streamlining your operations, reducing the number of physical entries that need to be made.

Studies also show that up to a third of data breaches are the result of human error. So not only will your systems run better when manual input is reduced, you’ll also benefit from improved security.

  • Make sure you’re working with clean data

Clean up your data by removing any outdated information, incorrect figures or poorly input customer details. Research shows this ‘bad data’ affects the bottom line of 88% of companies worldwide. And the average company could be losing 12% of its revenue due to wasted marketing spend, resources, and staff time – all due to inaccurate data.

By cleansing your data and integrating it into a single system, you can ensure against duplicate or inaccurate entries, spot errors more easily and make sure you have one single version of the truth. So you can be confident in your data, cut down on wasted resources, and focus on growth.

As a smaller or mid-sized business, in order to take these tips on board, you need to ensure that any new software solution you invest in isn’t going to break the bank.

With a single IT application helping your business run more simply, you’ll see increased efficiency and productivity. And with all your data stored in one place, you can be sure it’s accurate and up to date – so you can make more confident decisions more quickly. You’ll also save time and resources that would otherwise be spent simply managing your data. So, your smoother running business will give you more time to focus on the areas that really help you to grow.

Want to find out more? 

Call us on 01244 676900 or email enquiries@signum-solutions.co.uk

ERPs: Grow Your Business Faster by Running on a Single System

Think enterprise resource planning (ERP) solutions are just for big companies? Think again.

According to Aberdeen, 96% of best-in-class growing businesses – the top 20% of performers – have implemented ERP solution. That’s a huge percentage – enough to consider ERP systems mission critical to the success of high-growth small and midsize companies.

And when you think about it, ERPs geared for SMEs make perfect sense. You have the same kinds of processes to support as large firms: procurement and logistics, manufacturing, customer-facing processes like sales and support, finance, HR, and more. You can either manage all of this with systems that can’t interact with one another, can’t track business processes, that can’t generate the accurate data you need to understand business performance – or you can simplify with an ERP.

Simplify Work – and Scale Easier – with a Single Business System

ERPs act as single business systems that centralise core business data and support core operations, processes, reporting, and more. They help organisations of all sizes to face their challenges and as a single business system, they support visibility, efficiency, and decision-making. At the same time, they make work faster and easier with automation, seamlessly integrated processes, and easy access to accurate, trusted data.

Take the Business One solution from SAP, for example. The software application integrates all core business functions across your entire company, including financials, sales, customer relationship management, operations, and inventory.

And the benefits, based on surveys of executives at growing businesses with ERPs, are significant and directly related to business growth. For example, they’re seeing:

  • 11% reductions in operational costs
  • 10% increases in profitability in just two years
  • A 48% likelihood that they have real-time visibility into the status of all processes (compared to 6% without an ERP)
  • A four-fold increase in their ability to forecast and plan for demand
  • 633% greater likelihood that they can share data with suppliers, customers, resellers, and regulatory bodies
  • 77% likelihood that they can standardize back-office processes (compared to 22% without an ERP)

In addition, best-in-class growing businesses reportedly can easily find and use the data they need, no matter where they are, to make fast, agile decisions; Aberdeen research shows that ERPs reduce the time it takes to make decisions by 36%! Why? Because the processes ERPs support work from and contribute to a single source of truth to support visibility, efficiency, and decision-making.

Have you thought about running your business on an ERP? Or are you still using point or stand-alone solutions for finance, customer management, HR, and other core operational areas?

I guess the real question is, given the competitive edge that ERPs provide – and their ability to make work and life easier in a small or mid-size business – can you afford not to move to an ERP?

Want to find out more? 

Call us on 01244 676900 or email enquiries@signum-solutions.co.uk

[gravityform id=”1″ title=”true” description=”true”]

 

 

 

Food manufacturers: Tracing the Genealogy of a Product

With traceability of the full life-cycle being vital to anything that is being manufactured in the food industry being of the utmost importance when supplying to wholesalers, supermarkets and smaller retail outlets alike, here’s a handy guide to ensure that you don’t miss anything out!

  1. Start with the batch and serial number, checking that all number formats and counters are defined
  2. Check that the shelf life of a product is clearly defined – in both days and hours
  3. Define the batch management policy for expiry or consumption
  4. Calculate the expiry and consume by dates, based on the shelf life of the product
  5. Record the vendor/supplier batch number for each product
  6. Define the period between inspections and plan in future inspection dates
  7. Define the warning period for batch review and expiry date inspections
  8. Record all properties inherited from the product master data, including batch properties and values
  9. Record quality control results using actual test result values, which should be stored against batch properties
  10. Ensure that all of these stages are ticked off and that everyone is aware of this at each stage!

 

That’s a lot of information to trace.  How best to keep track of all of this?

That’s the easy part.  There’s no need for numerous spreadsheets and reports to provide all of these processes and controls, which are ultimately completely necessary when tracing the genealogy of a product.

The system that more and more food manufacturing companies are choosing is part of an SAP certified industry solution called ProcessForce, which is a core part of the Signum Solutions Industry Edition for SAP Business One. It handles all of the above, easily.  As well as doing all of this:

  • Creation of batch genealogy trees, providing a forward and backward historical view of all processes
  • Creation of recall and audit reports, including lists of customers and batch recall reconciliations
  • Drill downs of transactions and document traceability navigation functionality
  • Creation of inventory and batch reports

Want to find out more? 

Call us on 01244 676900 or email enquiries@signum-solutions.co.uk