The Importance of Post Payment Audits

Post Payment Audits – Running a business is, at least in part, a numbers game. Entire teams of people have to manage profits, expenses, payroll, and beyond. It’s a near constant battle to manage overhead and the bottom line, maintain profitability, and stop any financial leaks along the way. This is no small undertaking, and when small mistakes pile up, …

Cloud ERP in Manufacturing

Manufacturing today is no small undertaking. With rising costs of labor and materials, evolving technology, and more informed consumers than ever, manufacturers are walking a tightrope of managing expectations, overhead, a global customer base, and countless other pitfalls. For all of these challenges, cloud-based ERP systems provide solutions. It ultimately comes down to data management – exactly what ERP software …

Integrating ERP and Supply Chain Management

Integrating your ERP and Supply Chain Management can make a world of difference. Consider this scenario: The Supply Chain Director shows up at your desk asking who manufactures that cable. He wants to know how many we usually order, too. Your reply startles him. You tell him the company you buy the cable from doesn’t manufacture it, they’re a 3rd party …

How do you eliminate the pain points in your supply chain?

Let’s face it, supply chain management can be trying at times, yet it is one of the most important parts of a business. Integrating advanced software will help keep track of progress and inventory at all levels to eliminate waste and worry across the network. Each part of the chain is just as important as the last and an efficient tracking of inventory …

Recovering From Vendor Returns

Vendor returns are not an indication of good vibes to your business. It can hurt your ego, your product, your bottom line, and the possibility of rejection from future investors. Here are some tips on recovering from a major vendor return and how to sell your returned product and redeem your business. Downplay it: Vendors will not blast your product. They …

Why Managing Inventory is Essential to Supply Chain Management

There are a lot of business owners looking to their supply chain for cost savings in the current economy. With the price of oil so low, this is a great time to realize cost savings. However, there is much more to supply chain management than just fuel costs. One of the biggest cost areas for many companies is in inventory management. By …

Tips to Improve Hospital Materials Management

Hospital materials management is a complex process. Improving materials management reduces overall cost and increases service quality. There are a number of things hospitals can do to improve their materials management. Below are a few tips to assist you in improving materials management within your organization. Analyze stock – It is crucial that specific materials be in the right place …

Keeping your Inventory up to PAR with PeopleSoft Supply Chain Management

The supply chain is the second largest expense for healthcare providers. It is the key to creating a better end to end visibility of all their healthcare inventory supplies. PeopleSoft Supply Chain Management offers you the tools to running a better business including PeopleSoft Inventory. All of your hospital inventory is centrally maintained in PeopleSoft Inventory. However, inventory transactions are recorded …