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ERP software is designed to manage all aspects of a company’s operations, and includes tools for inventory management, order entry and processing, accounting, warehouse management and more. ERP stands for Enterprise Resource Planning and is typically categorized as a Tier 2 software system. This means that a true ERP system is best for companies who have outgrown their existing introductory systems, and are looking for a solution that can scale with their company growth. It also means that the price tag associated with an ERP solution can sometimes cause a bit of sticker shock. However, once you compare the benefits and opportunities of using a fully-integrated solution, the value of such a system becomes very clear. Below we have further outlined 5 benefits of ERP.
Improved Customer Service
One of the inherent benefits of ERP software is that all information is stored in a single database, which helps streamline operations…
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Worcester MA , USA (February 20, 2015) – Richard B Mood CPA, has been awarded the Chartered Global Management Accountant (CGMA) designation from the American Institute of CPAs and the Chartered Institute of Management Accountants. The CGMA designation recognizes professionals who have deep understanding of finance and have expanded their business skills through experience as management accountants to help drive better business decisions.
“I am honored to receive the CGMA designation, and I am delighted that the accounting profession recognizes the value that management accountants bring to organizations,” Mood said. “This designation represents a commitment to advanced education, ethics and professional development that are critical to career success.
Mood has over 25 years of public accounting experience. Mood is a member of both the American Institute of Certified Public Accountants and the Massachusetts Society of Certified Public Accountants. He has been hosted on numerous radio talk shows providing…
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Before taking up any work contractor should have a thorough idea of works and cost. With out this knowledge it will too risky to take up any work. estimating and costing deals with this problem and gives us a detailed idea of work and cost.
Thus an estimate for any construction work may be defined as the process of calculating the quantities and costs of the various items required in connection with the work. It is prepared by calculating the quantities, from the dimensions on the drawings for the various items required to complete the project and multiplied by unit cost of the item.
An estimate is necessary to give the owner a reasonably accurate idea of the cost to…
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The way in which a wholesale/distribution business manages its inventory has a direct and critical impact on its overall success and long term viability. Although this may seem rather obvious, the number of businesses who remain tied to outdated means for inventory management suggest that it’s a more foreign notion than one would imagine. Successful business owners understand that inventory represents their livelihood and its importance should never be underestimated or undervalued. Traditional methods for managing inventory, such as pen/paper or spreadsheets, can still be viable options for smaller start-up businesses, or businesses who hold very small amounts of inventory. However, as those businesses begin to grow and expand their offerings, the redundancies and manual processes involved can become too cumbersome to manage efficiently.
For many growing businesses, the next logical step is implementing an ERP system that encompasses the appropriate inventory management tools to support that growth. By implementing an inventory management…
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