The COVID-19 pandemic presented challenges to most businesses, especially small businesses. It was tough to manage inventory distributions in brick-and-mortar locations amid lockdowns and increased demand for online purchases. Then came the supply chain shortages and other issues. But some small businesses succeeded despite those challenges. How did they do it? What lessons can other small businesses take from their successes?
Manufacturers, retailers, and wholesalers like you are experiencing a seismic shift in what they focus on to grow their businesses. Improving operational efficiency is most important, while adding new sales channels is getting less attention. Manage sales across multiple channels and share accurate data with a precise view of actual inventory costs and landed costs in real time.
Shifting your business focus means identifying your most-important operational challenges so you can find solutions that will make you more efficient. The right cloud-based system integrates all your company data in one place to help you find what you need quickly. Data accuracy, systems integration (especially with 3PL systems), inventory control and forecasting are the most-felt challenges across the board.
Moving away from desktop systems and into the cloud saves you time and money, while enabling you to better manage the products you manufacture and sell. A high-impact cloud solution for inventory, accounting and complete business management can satisfy all your must-haves.
Check out Cin7 Core’s powerful feature list.
66% of product sellers say the biggest block to cloud migration is not being able to implement a solution on their own. Easily overcome that issue with Cin7 Core + QuickBooks Online, which takes up to a month less to implement than other solutions and cost $6,000 to $11,000 less.
You want to grow, become more efficient, deliver exceptional products, and easily adapt to rapid changes in the economy, including spikes in demand. Cin7 Core + QuickBooks Online offers one powerful solution for your inventory and financial management needs, from sales to purchasing, production, warehousing, shipping and returns, at a fraction of the cost of an ERP. Save time and money while better managing your products and accounting with a scalable, cloud-native solution that is actually affordable.
Lost, obsolete or overstocked inventory drives up costs and destroys margins. Without inventory visibility, you won’t know your business is suffering until it’s too late.
The year 2020 marked the highest-level Working Capital Index in 10 years resulting from the Covid-19 pandemic, reported J.P. Morgan. The findings highlight how real-world events impact inventory levels and the availability of working capital. Working capital is defined as inventory, debts, cash, and cash equivalents. A business needs working capital to be able to […]
