In this New York Enterprise Report (link) “Tuesday’s Tip of the Week,” I explain why using email spam and anti-virus cloud technology can not only reduce spam and virus threats, but can also save your business money. Bonus – it’s easy to install.
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ERP
03 Nov 2020
Adapt and Thrive with the Autonomous Supply Chain
There have been massive disruptions to supply and demand in the past several years, this year in particular, and the lack of predictability makes it very difficult for companies to operate — it disrupts the business plans, operational plans, demand plans and supply plans they rely on.
And this works both ways: some products have garnered so much demand that businesses can’t produce them quickly enough while others have become obsolete, practically overnight.
The final week of the NetSuite Now On Air virtual conference focuses on supply chain excellence and operational efficiency. Kicking off this week, Laura Maready, vertical product manager for retail, apparel, footwear & accessories and health & beauty, shared some of the new supply chain product enhancements in NetSuite that will enable businesses to be more agile, operate more efficiently and collaborate more effectively in her keynote session.
The Autonomous Supply Chain
“It’s difficult in today’s environment to keep good customers supplied, optimize both inventory and supply chains and identify alternate routes, vendors and sources of supply without a strong system that provides the insights that businesses need.” Maready said. They all need to work together seamlessly.
An autonomous supply chain that can make those decisions automatically, with little to no human intervention, empowers businesses to act intelligently and ensures they are able to react appropriately. Maready outlined three of the key components of the autonomous supply chain — unified planning, smart inventory management and efficient execution. Some of NetSuite’s new functionality ensures the right products are available at the right location, at the right time and within budget.
Unified Planning
NetSuite’s supply planning tool has been completely reengineered to support the modern product company. The addition of materials requirements planning (MRP) to the supply planning platform gives you the ability to react to events and disruptions to the supply chain in real time, unlike traditional overnight processes.
A holistic view of financial, sales, product, services and people planning lets businesses perform advanced modeling and overlay those results across different departments to understand the total impact on proposed changes across the organization.
MRP and supply planning can compare actual demand with forecasts to ensure you have the right materials in the right locations to satisfy your aggregated demand.
Advanced Order Management helps aggregate and stage shipments using just-in-time rules and algorithms and helps fulfill orders in the most efficient way using geographic location and shipping rules.
The planner workbench allows planners to focus on areas that require human intervention, implement alternative strategies, collaborate across all departments and continuously improve their plans.
Smart Inventory Management
NetSuite provides automation that improves both supply chain efficiencies and customer satisfaction at the same time. NetSuite’s Advanced Order Management uses configurable business rules to automate the final step of getting the product to the customer at the right time. For every order that comes into the system, NetSuite analyzes key information to automatically execute the most efficient fulfillment scenario.
Automatically select the most efficient fulfillment location for orders utilizing global inventory availability as well as geographic location.
Using reallocation functionality, you can re-assign inventory to fulfill priority orders first.
Based on prioritization rules, NetSuite looks at inbound shipments that haven’t been received into stock yet and allocates inventory to open orders.
Streamline Execution
With NetSuite’s mobile functionality, users can complete production tasks directly from a mobile device, ensuring more accurate data entry and decreasing the time required to make, pick, pack and ship items.
The mobile solution allows you to update work orders directly from the mobile device and walks you through the process of picking the materials required for the build, and prompts the user for confirmation at each step with a scan to ensure data accuracy and record the actual production quantity.
The multi-order picking process feature can optimize order picking by allowing users to pick based on pre-defined waves to consolidate shipments. The mobile device item quantities are updated in real time as users scan bins while they pick.
With the Quality Management SuiteApp, users can now perform inspections prior to shipment to ensure that the goods going out meet quality guidelines.
What’s Next for NetSuite?
In the future, NetSuite’s allocation and fulfillment engine will be even more intelligent.
Utilizing machine learning, the system will identify strategies to optimize inventory allocation based on values like revenue, profitability, customer satisfaction and tactical time frames such as quarter or year end. This will reduce the problem of having too much inventory in some areas and too little supply in others.
The autonomous supply chain works across all functions of your supply chain, from planning to execution, to help you adapt to changing business environments. Using NetSuite’s intelligence and automation, “you’re better prepared to improve your processes and product flows, ensuring you deliver the right product, at the right time, at the right cost” Maready said.
This post was written by Abby Jenkins, NetSuite Product Marketing Manager for Supply Chain and was originally posted on NetSuite.com
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ERP
05 Dec 2024
Winning Attitude: 6 Sporting Lessons to Give Your Business a Competitive Edge
Discover some top sporting tips from Cal Ripken Jr and Jessica Mendoza that you can apply to help you build your business.
After heart-wrenching World Series losses in 2010 and 2011, Texas Rangers overcame their past of close calls and disappointments with their historic victory in the 2023 World Series.
For long-standing fans and the team members themselves, the victory was the culmination of years of collective effort, dedication, and resilience.
It’s a success story that is emblematic of what it means to be committed, consistent, and determined.
Top athletes don’t just exhibit skill and athleticism. They demonstrate resilience, strategic thinking, and a relentless pursuit of excellence.
These qualities are as vital in business as they are in sports.
A winning attitude, characterized by determination, adaptability, and teamwork, can elevate a company from going through the motions to an exceptional level of performance and success.
In this article, we explore how the principles that baseball and softball legends implement on the field can be applied to the world of work.
By adopting these lessons, you can develop a mindset geared towards achieving your goals and fostering a culture of success within your organization.
Lesson 1: Consistency leads to confidence
“Have a short memory. Each day was a new day and you approached it with a routine that you knew would work. Try to take in what you learned yesterday and forget the rest of it.”
Cal Ripken Jr., National Baseball Hall of Famer, 2x AL MVP, former Major League Baseball shortstop and third baseman
In business, as on the sports field, it’s the day-to-day consistency that builds and sustains confidence.
When teams and individuals dedicate themselves to consistent routines in their roles, they create a rhythm of reliability and excellence.
It’s about doing the small things right every day.
This could mean consistently meeting deadlines, maintaining high standards in customer service, or regularly innovating processes. It’s about creating a culture where excellence in ordinary tasks is not just expected but celebrated.
This level of consistency fosters a strong sense of trust and dependability.
People come to rely on businesses or colleagues that regularly meet their needs and exceed expectations. The inevitable challenges and bumps in the road along the way are part of the process.
Within your team, this reliability builds a strong foundation of mutual trust and respect. As confidence grows, so does the ability to take on bigger challenges and pursue more ambitious goals.
Consistency in performance allows for better measurement and improvement. When tasks are performed consistently, it becomes easier to identify areas of strength and areas needing improvement.
This continuous process of reflection and refinement not only enhances skills and services but also boosts the confidence of those involved.
They know that their consistent efforts lead to tangible improvements and recognized achievements.
Lesson 2: Your team is the foundation of your success
“The best part about a team sport is that you don’t win unless everyone is on the same page. One of the things I learned from living with 18 women in the lead-up to the Olympics is it’s not easy. You’re not going to love everybody and it’s similar to a workplace. You’re not going to get on with every person. But do you want to win? Do you all want to go in one direction? I learned to find something positive about every single person on my team.”
Jessica Mendoza, 2x Olympic medalist in softball and current sports broadcaster
In business, you need to build teams where members are aligned in their goals, understand each other’s strengths and weaknesses, and work collaboratively towards common objectives.
High performance isn’t achieved just through individual excellence but via the efforts of a cohesive team. Creating an environment where communication, trust, and mutual respect are prioritized is essential.
Sometimes you aren’t going to get on with people on your team. That’s totally natural and normal. We can’t be best friends with everyone. But we can respect them.
Such teams are more adaptable, innovative, and effective in overcoming challenges, leading to sustainable success in any business endeavor.
An empowered team is a successful team.
From a mental health perspective, this can’t be overstated.
How much better does it feel to come into work surrounded by people you know you can rely upon and who you want to support and empower?
This sense of belonging and mutual support not only enhances productivity but also contributes significantly to the emotional and psychological wellbeing of each team member.
Lesson 3: Pick yourself up after defeat and go again
“I was part of the team that lost 21 games at the start of the season. We were the laughingstock of the league, but we had to push through. Again, focus on what’s happening ahead of you, not what’s behind you. I think I learned how to be a better teammate throughout that process. I could convince myself that I too could get through this. When you do, there’s value in that experience because you are going to face other tough times.”
Cal Ripken Jr., National Baseball Hall of Famer, 2x AL MVP, former Major League Baseball shortstop and third baseman
In the business world, setbacks and failures are not just inevitable, they’re essential. It’s often said that you learn more from your mistakes than your successes, and this is particularly true in a business context.
Each setback provides an insight into what doesn’t work, offering a clearer path to what might. This learning process is integral to innovation and growth.
When a strategy fails, it forces a team to analyze and rethink their approach, leading to improved tactics and better decision-making.
When you see failures as learning opportunities, you cultivate a culture of resilience. A business that views setbacks not as roadblocks but as steppingstones encourages its team to take calculated risks.
This risk-taking is fundamental to breaking new ground and achieving significant progress. It fosters an environment where employees are not paralyzed by the fear of failure but are motivated to experiment and explore.
It can be difficult to view defeats in this way, especially when surrounded by media influences that seem to show our peers experiencing success after success.
Just remember that this is unlikely a true reflection of their experiences—and like you, they’re experiencing their own challenges.
Lesson 4: A disciplined approach to ensure progress
“A big part of it is effort. We focus on the accolades, ‘Did you win?’ But what does success look like, to me, it starts with asking, ‘Did I give everything I had that day?’”
Jessica Mendoza, 2x Olympic medalist in softball and current sports broadcaster
Discipline is the cornerstone of achievement. This unwavering commitment ensures that each day is a step toward greater success, even if the progress is incremental.
It is more than a practice; it’s a mindset.
It’s about making a pact with oneself to consistently invest effort, maintain focus, and uphold a standard of excellence, regardless of the immediate outcomes. This mindset transforms potential into performance, aspiration into achievement.
Success often gets distilled into simplistic terms—winning or losing. However, the essence of true success, as Jessica Mendoza suggests, lies in the effort and dedication behind the scenes.
It’s about assessing whether you’ve truly committed your all, whether every ounce of your energy was channeled towards your goals.
This perspective shifts the focus from external validation to internal satisfaction, cultivating a more sustainable and fulfilling measure of achievement.
Implementing this lesson into your business means fostering a culture where discipline is encouraged and embedded in the organization’s everyday fabric.
It means setting clear expectations, providing the resources for individuals to excel, and recognizing and reinforcing the value of disciplined effort in every task undertaken.
Lesson 5: Individual accountability fuels team success
“In baseball, due to the sport it is, there’s a lot of individual responsibility. Nobody can help you when you’re at the plate hitting, or when the ball comes to you. But it’s about taking those individual performances and then connecting the dots.”
Cal Ripken Jr., National Baseball Hall of Famer, 2x AL MVP, former Major League Baseball shortstop and third baseman
Baseball, just like in many aspects of business, places a significant emphasis on individual responsibility.
At the moment of truth, whether you’re facing a fastball at home plate or fielding a difficult catch, the spotlight is on you.
This intense personal accountability is a powerful motivator, driving each player to hone their skills, maintain focus, and strive for excellence in every action they take.
In the business world, individual responsibility equates to owning one’s projects, decisions, and outcomes. It’s about acknowledging that your contributions have a direct impact on the team’s success.
When each team member embraces their role, understands their tasks, and executes them with precision, the collective effort naturally translates into the best results.
Yet, the magic happens when these individual efforts are seamlessly woven into the fabric of the team’s strategy.
Just as a baseball team relies on each player performing their role to perfection, a business must integrate the diverse strengths and talents of its employees. The blending of individual accountability and collective endeavor creates a robust framework for achieving ambitious goals.
Lesson 6: Balance constructive feedback with positive reinforcement
“Listen to the compliments. Hear the positive as much as the negative. Try to find the same balance.”
Jessica Mendoza, 2x Olympic medalist in softball and current sports broadcaster
The power of feedback in shaping athletes is undeniable, and the same holds true in business.
The key is to strike a balance between acknowledging successes (positive reinforcement) and addressing areas for improvement (constructive feedback).
This balance is crucial for maintaining motivation and fostering a culture of continuous improvement.
However, elite athletes—much like top-performing businesspeople—can focus heavily on the areas of improvement without taking a beat to appreciate how far they have come.
Recognizing and celebrating achievements, big or small, can significantly boost morale and motivation. It reinforces successful behaviors and outcomes, encouraging individuals to continue performing at their best.
Find the balance. The art lies in delivering feedback in an empowering rather than discouraging way.
This involves clear communication, empathy, and a focus on solutions rather than problems.
Encouraging a feedback culture where employees feel valued and understood promotes a positive work environment and drives continuous growth and learning.
Final thoughts
Resilience, discipline, and teamwork, epitomized by these insights from Cal Ripken Jr. and Jessica Mendoza, are crucial in building business excellence.
Consistency fosters reliability and confidence. Resilience transforms setbacks into strategic insights.
Embracing these values, along with individual accountability and positive reinforcement, transcends the realm of sports.
They are instrumental in nurturing a winning business mentality, enhancing innovation, and securing sustained success.
Note: Content for this blog post was originally posted on Sage.com by Daniel Heathcote, May 14, 2024.
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Cloud Computing
Distribution / Manufacturing
ERP
15 Jan 2021
Profit from ERP – Nice Link, Net at Work and Acumatica Cloud ERP (Podcast)
As the Covid-19 pandemic hit in March, Nice Link, a wholesale distributor of furniture began to see a slew of orders cancelled. Nice Link had projects underway to upgrade the backend software of his US based business. Quickbooks couldn’t handle the inventory, warehouses or manage the volume of digital sales orders Nice Link was anticipating. Yet, despite the uncertainty they pressed on. Acumatica, the Cloud ERP was well underway being implemented and would go live in June.
Simultaneously, as the workplace shifted to a remote workforce, online furniture sales exploded. Today, we see the success that was Nice Link’s forward-thinking strategy and Acumatica’s tactical application – creating connections with retail furniture outlets, smoothing the bumps in eCommerce and handling a workload that would have necessitated an expensive staffing upsurge to manage in a manual business software setting.
It’s a story of enduring Entrepreneurship. It’s a story of cloud ERP functionality. It’s a story of Net at Work’s distribution experience. It’s an American Success Story of Profit From ERP.
In this 2-part Podcast, Jay Carlson, President of Nice Link speaks with Net at Work’s Acumatica Practice lead, and Gene Hammons of Profit From ERP, an independent ERP Selection firm assisting companies on their ERP Selection Process
Nice Link Home Furnishings – an Net at Work Acumatica ERP Distribution Story
Episode 1
https://content.blubrry.com/erprofitthepodcast/E24_NiceLink-11_18_20_4_48_PM.m4a
Episode 2
https://content.blubrry.com/erprofitthepodcast/E25_NiceLinkPt2-11_25_20_12_56_PM.m4a
Episode 1
https://content.blubrry.com/erprofitthepodcast/E24_NiceLink-11_18_20_4_48_PM.m4a
Episode 2
https://content.blubrry.com/erprofitthepodcast/E25_NiceLinkPt2-11_25_20_12_56_PM.m4a
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