Warehouse management systems (WMS) have long been focused on efficiencies in distribution /supply chain industries. Many manufacturers do not focus on the benefits that can be derived by WMS. After all, every manufacturer is a distributor. Once produced, products must still be delivered in an efficient manner. One of the greatest benefits of WMS is the relatively quick ROI. The hard cost savings alone could provide a return within 90 days, not to mention soft-cost savings which include improved customer service through reduced shipping errors.
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I believe that every year when most customers receive the renewal notice from a software vendor or Bond Consulting Services, the first question that comes out to their mind is “Is it really worth it to pay the software maintenance fee?” or “What happens if I don’t continue on software maintenance plan?” This sometimes might be a tough decision for a customer to make.
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The internet has made it easier for businesses across all industries to distribute products to a wide audience. Retailers taking their products online need to manage packing and shipping. Service companies can add revenue streams by stocking and selling complementary products. Even plant nurseries can safely ship their fragile stock to the other side of the country.
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With the rise of the Internet and social media, it's now expected that many more companies have an Internet identity. Be it a website or social media, you can guarantee that your customers are looking for you online. While having an online presence is positive, it can also open you up to negative feedback, which can ruin, or at least damage, your company's reputation and brand. Therefore, it is important that you practice some form of reputation management.
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In today’s world, it is not a question of if a business will get audited, but when. As states budget deficits continue to soar, income taxes are shrinking, and federal aid is drying up; the states have had no choice but to become more creative with the products and services that they tax and more aggressive with the taxes that they collect. With thousands of rate, rule, and boundary changes every year in the US and an epic legal debate over e-commerce taxation, managing sales tax has never been more complex. Not only is manual sales tax management very time consuming but all it takes is one erroneous interpretation, honest mistake, or even reliance on a long-term industry practice for your business to be at risk of losing tens of thousands of dollars. And with the recent explosion of tax auditors on the streets, each armed with the goal of finding lost revenue, is that a chance you are willing to take?
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