How to Protect the Profit of Your Small Business When Inflation Hits Supplier Prices
Your gross margins are hurting.
You’re being bombarded by supplier price increases from all sides. Upsurges in demand and COVID-19-related shutdowns have strained the supply of your raw materials, commodities, and components. Delays in trucking and shipping are compromising your deliveries. Finding the right talent amid labor market shortages is driving up labor costs.
5 Ways the Real-Time Data of Your ERP Reduces Risk and Cost
To run your business sustainably, information is vital.
And not just any information. It must be reliably right, and available at the right time.
When your information strays from these parameters - when it’s less accurate, less timely - you increase the risk and cost of your data-supported decisions. In a growing business, where a fast-increasing number of components is moving in different locations, the consequences of these decisions increase accordingly.