Manufacturers and distributors require a different level of management technology than many other types of businesses. Managing materials and inventory, planning procurement and scheduling production activities gets complicated and will either make or break profit margins. There is no shortage of business management technology available, from enterprise resource planning (ERP) to material requirement planning … [Read more...] about ERP vs. MRP: What’s the Difference?
You may have discussed potential ERP systems with suppliers, vendors and other business colleagues but are still wondering—who needs ERP? Do you? While there is no shortage of information about this powerful business management technology, it’s much harder to determine whether you should deploy ERP for your own business. Here’s what you need to know in order to make this important decision. Are Existing Software … [Read more...] about Who Needs ERP?
Businesses rely on suppliers and vendors to provide the materials needed to manufacture and deliver goods to customers. However, supply chains become increasingly complicated with growth and change. Instead of a profit source, supply chains can become a profit drain. Modern technology, specifically enterprise resource planning (ERP) solutions, can provide support. So, how does ERP help supply chain … [Read more...] about How Does ERP Help Supply Chain Management?
Business management technology has evolved greatly over the years. While entry-level accounting software is typically used when starting a business, growth means moving to an enterprise resource planning (ERP) system with more powerful financial management. As you consider which investment makes the most sense, it’s important to understand your options. What is the difference between ERP and accounting software? We … [Read more...] about What Is the Difference Between ERP and Accounting Software?
Whether you are ready to retire or start a new venture, you don’t want to leave any money on the table when selling your steel business. It’s a complicated process, but not impossible. Here’s how to get the best price when selling a steel industry business like yours. Manufacturing Remains Relevant and Profitable The manufacturing industry remains one of the most relevant and profitable industries in the United … [Read more...] about How to Get the Best Price When Selling a Steel Industry Business
Is it time to offer new products and services to your customers? Successful business growth only comes with change. In the steel and metals industry, fabricators are seeking new ways to boost productivity and profitability, and there are several ways you can do this. Innovate to Drive Growth The steel and metals industry is in a constant state of change—from supplies and operations to customer demands—and this … [Read more...] about Tips for Growing a Fabrication Business