It's the beginning of spring, which means it is a great time to evaluate and improve upon some of your business processes. Your company's inventory is something that should always be tracked closely, and the tools and techniques you use to track it should be efficient and relatively easy to manage.
Topics: Best Practices
Chemical companies have to comply with stringent regulations in many areas, including shipping, inventory, production and distribution. The costs associated with these requirements can be steep, especially if your company is caught failing to abide. However, companies in all sectors of the chemical industry can alleviate some of the pressures of regulatory compliance by incorporating software technology to keep compliance risk and costs relatively low, while reducing the time requirements that come with regulatory compliance. Some examples of how your business can use software to improve its compliance processes follow:
Over the last forty years, Enterprise Resource Planning (ERP) software has become an integral part of the operation of manufacturing and distribution businesses. The main goal of an ERP system is to increase a business’s efficiency by allowing businesses to intelligently collect, manage and sift through data for a variety of activities. However, as ERP systems get older and are no longer being updated, they can begin to negatively impact the businesses that use them. These “legacy systems” are often in need of replacement, but instead of replacing them business owners spend significant amounts of time and money trying to make these systems work instead of finding a new solution.