10 common supply chain challenges and ways to resolve them

As we navigate through the COVID 19 pandemic, companies have had to take a hard look at their inventory management systems. Timelines, trimming costs and smart inventory control are the hallmarks of a business with remarkable profit margins in the post COVID world.

Here are 10 most common inventory management problems that a business may face and tips on how you can solve them

  1. Need for supply chain transparency: End-to-end supply chain visibility is key to maximizing efficiencies and your future risk management efforts. Businesses must map their business processes, from concept to customer, to be in control of timelines and make more educated situational pivots.

  2. Missing the bigger picture: Data intelligence is important at every stage of your business. From marketing analytics to inventory quantities to profit margins, all information is important. Supply chain data and context is most of the times ignored as insignificant, but overlooking supply chain data is a big mistake. Make sure you’re utilizing supply chain data appropriately to make wiser business decisions.

  3. Not accounting for business disruptions: Not having pivot plans in place is a sizable risk towards running a smooth business. When the inevitable happens, you will be prepared to keep your customers from being affected. Pandemics like COVID 19 are an eventuality and as much must be factored into processes as much as possible.

  4. Choosing too many partners: Although you want to be prepared, there is such a thing as having “too many cooks in the kitchen.” Too many vendors introduce more complexities to processes. Investigate and find your right balance. Data is going to be your savior in finding the sweet spot and choosing the right partners.

  5. Going lean without supporting infrastructure: COVID 19 has forced businesses to go lean. Here is the dichotomy, lean is good, but being too lean can cause issues. Granted, going lean is desirable to save costs, however going lean without the right systems in place can cause disruptions and bottlenecks to an otherwise smooth operation. Make sure you have the right processes and systems in place to support going lean.

  6. Lack of proper security protocols: In 2021, ransom-ware & phishing attacks are an eventuality. You must have proper processes and systems in place for a) avoiding getting infections in the first place b) recover with minimum disruptions in the event of an infection. The number of businesses that we see without a coherent strategy in this department is too () high.

  7. Lack of optimized business processes: Understanding what comes before AND after your business is crucial to optimizing your supply chain and business plan. (After all, loss of revenue can occur when a customer returns a product.) Prepare for this with a supply chain that is optimized from concept to customer, and beyond.

  8. Not aligning application design to a business strategy: If your supply chain is only aligned with one specific type of business, it will be difficult for you to acquire or change to other products or businesses in the future. Understand your long-term growth plan, and align your supply chain for now and the future.

  9. Not creating effective vendor relationships: Yes, price is definitely important when choosing a supplier. However, employee relations and customer service also are important. Finding someone who is willing to be a partner is much more beneficial to your overall business than a few pennies saved.

  10. Operating in silos: Organizations that operate as networks operate much more efficiently than organizations that operate in silos. Make sure your teams are collaborating with one another and are customer-centric in their approach. The right combination of business suites will make all the difference.

Have you faced any challenge from this list?

Do you think we missed something?

Want some guidance on how to solve any of these challenges?

Drop us a line, we’d like to help.

What’s New in Sage 300 v2019

Learn about new exiciting features of Sage 300 v 2019

Brand New year is around the corner, so is a brand new version of Sage 300. Sage 300 v2019 is released recently so we thought we would spread a word about the latest enhancements, changes and new features with Sage 300 fans.

There are a couple of additions to existing feature in most talked functionality within Sage 300 community, that is Web Screens.

So, let’s get started.

Global Search

Sage 300 Global Search Feature

Global search in Sage 300 was a much-anticipated feature among its users. Global search makes it easier for users to search for information across the Sage 300 database. A user can now type name, description, number, or code in Global Search to quickly find transactions or records in their database. So now, search for people, companies, transactions, accounts, and many other types of records and find information quickly.

Improved Inquiry Tool

Inquiry tool in web screen is a great way to find most frequently accessed information from Sage 300 database. Sage 300 web screen has been redesigned to be more powerful and versatile. With many standard queries being shipped with software, you can create your custom queries and save for future needs.

Besides improvements in Web screens, there are few general additions to both classic and web screen interfaces. Let’s have a look at them now.

Note: The A/R Documents and A/R Customer Documents queries that could previously be opened from the Inquiry tool on the web toolbar are now opened from the navigation menu instead.

Changes in Export Declaration Number

In some jurisdictions like Australia and Malaysia, Export declaration number is a field is required for Tax purposes. Now, this field has been made available now on individual invoice details. You can enter Export Declaration Number on both AR & OE Invoice entries.

An Export Declaration Number field is available on the:

  • Details table on the Document tab of the A/R Invoice Entry screen.

  • A/R Detail Accounts/Taxes screen (in classic screens).

  • Details table on the Invoice tab of the O/E Invoice Entry screen.

  • O/E Items/Taxes screen (in classic screens).

  • Redesigned Sage CRM Integration

    Sage CRM integration with Sage 300 version 2019

    Along with improvements in core features, Sage 300 v2019 brings completely re-designed new Sage CRM integration with Sage 300 web screens to increase usability and improve user experience while using these two Softwares together.
    Now Sage CRM screens shown within Sage 300 web screens through Integration will have the same modern look and feel as Web screens, allowing users to interact effortlessly with both systems. Besides, it has been made consultant friendly by simplifying the Installation process.

    New integration screens load faster and perform better on all browsers.

    For more information, see the Sage CRM Integration Guide for Sage 300 2019, which is available on the Sage 300 Product Documents website.

    We are excited to get first hand on newer and sleeker version of Sage 300 in coming days as we are still waiting for official release here in the Middle East. As soon as we get access to it, we will be sharing our impressions and some video demonstration to help you understand these features more in detail.

    Important Notes: If you are existing Sage 300 customer, using any third-party application and planning to upgrade your software to latest version, please contact your Sage Partner or Sage representative for learning more about the compatibility of the new version with third-party applications. Information published here is based on release notes published here.

    Evomatiq is Sage Partner based out of UAE. We help SMEs to solve their most common business challenges through the adoption of technology & effective software implementation. Leverage on our 25 years of collective experience to transform your business. Whether you’re existing Sage customer or considering to deploy Sage Solution, Speak to our Solutions Specialist Today to discuss a potential partnership in your digital transformation journey.