How Microsoft 365 Defender Can Shield Your Company from Phishing Scams
Learn how Microsoft 365 Defender safeguards organisations from phishing scams with enterprise-grade security tools to combat threats, including built-in malware and a firewall.
Learn how Microsoft 365 Defender safeguards organisations from phishing scams with enterprise-grade security tools to combat threats, including built-in malware and a firewall.
FUJIFILM MicroChannel recognised as the leading SAP Business One Partner across Australia and New Zealand.
The idea around automating your RFQ or Request for Quotation process is to allow you to send RFQ’s automatically / electronically to multiple vendors via a web form. Your vendors are therefore able to respond to the quote online, which provides realtime updating of information in SAP Business One. In short, your customers can compare quotes, and place a PO (purchase order) on the best option, i.e. price, and this information gets automatically entered into SAP B1.
Wave picking or waving is a WMS capability that groups orders by various criteria in order to increase picking productivity in the warehouse. It is especially advantageous for warehouses with a wide selection of SKUs that must fulfill a large number of daily orders. For such operations, fulfilling orders one at a time as they come in is a time-consuming process. Sometimes severe congestion occurs when multiple pickers require access to the same area in order for each to pick his or her particular order.
Call it the elephant-in-the-room, but many businesses are often hampered in doing business due to the heft of compliance and regulations attached to that latest bid proposal, or providing products to certain entities.
If you received a back ordered item from a supplier, would you place it into inventory and then have it picked back out and shipped to the customer? Probably not if the customer is impatiently waiting for his shipment. Instead, you would temporarily set it aside just long enough to ship it straight to the customer. This is a form of cross-docking. Cross-docking is the transfer of incoming products from a supplier directly to an out bound truck to the customer with little or no warehousing.
Inventory is expensive but often needed when businesses don't want to turn away customers who place unexpected orders for items that take time to manufacture or acquire. An inventory also gives a business time to line up other suppliers when a key supplier goes out of business. For many companies, things can and do go wrong, and their inventory allows them to continue doing business as usual.
Too much inventory weighs a company down with tied up capital and warehousing costs. When a company profits little from its sales, excessive inventory is often the culprit and is an important challenge of inventory management. There are several ways that excess inventory can build up.
Order fulfillment is a more difficult process than it once was. Decades ago, orders were fewer in number but larger in size. The proliferation of SKU types was not as rampant as it is today. The typical pick, pack, and ship operation moved more pallets and cases than individual items.
Poor inventory management is among the top reasons why small businesses fail. Managing inventory is essentially a balancing act between having too little or too much. How much inventory is "just right" is often a moving target. Demand for different SKUs can fluctuate over some time due to a change in trends or seasonality. Poor inventory management impacts overall cost and profitability.
Unpredictability is the enemy of inventory management. Unpredictable product demand and unpredictable supplier lead times both require the inventory manager to keep more safety stock as a hedge against this uncertainty. Over very large customer or supplier pools however, this unpredictability often evens out.