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Implementing an ERP can unlock a new level of efficient growth for your company; you can use the same resources to accomplish more, by both increasing the productivity of each individual member of your team, and improving collaboration across teams. Once you’ve decided that an ERP is the right tool, it’s important to thoroughly evaluate which platform is the best fit for your company. One of the key factors of this decision is understanding the Total Cost of Ownership over an extended period of time. Not all costs are immediately apparent during the evaluation process, and merchants will often find themselves surprised by ‘hidden costs’ after implementation of a traditional ERP. This article will help outline the different costs areas you should be considering during your evaluation process.
Implementing an ERP can unlock a new level of efficient growth for your company; you can use the same resources to accomplish more, by both increasing the productivity of each individual member of your team, and improving collaboration across teams. Once you’ve decided that an ERP is the right tool, it’s important to thoroughly evaluate which platform is the best fit for your company. One of the key factors of this decision is understanding the Total Cost of Ownership over an extended period of time. Not all costs are immediately apparent during the evaluation process, and merchants will often find themselves surprised by ‘hidden costs’ after implementation of a traditional ERP. This article will help outline the different costs areas you should be considering during your evaluation process.
Anyone who has evaluated or undergone an ERP implementation understands the level of effort required across the company to successfully execute.
Selling products across multiple channels can dramatically increase your top-line revenue, but comes at the cost of additional operational overhead and complexity.
As an ecommerce business, understanding your contribution margin is crucial for making informed decisions about your operations. At a high level, contribution margin is the amount of revenue remaining after all variable costs have been subtracted, and it is a key metric for determining the profitability of your product lines and pricing strategies. In this blog post, we will define contribution margin and explain the main components that go into its calculation. We will also discuss the importance of understanding contribution margin and provide examples of how you can optimize your operations to improve.
In this blog post, we'll explore three key areas of multichannel customer experience: product development, fulfillment, and returns. By understanding the unique challenges and opportunities of each area, you can deliver a customer experience that builds loyalty and drives sales.
With the basic background information covered, this week’s article will give you specific, tactical information on what to expect during the implementation of EDI, technology partners in the space you should consider, and the long-term management of EDI connections.
In this blog post, we’ll discuss why EDI is so challenging to get right, some of the common terms you’ll need to know, and when it makes sense to consider pursuing EDI-based channels.
