ERPs are pivotal in streamlining operations; however, not all ERP solutions provide adequate inventory optimization functionality. SMBs need functionality that provides inventory visibility, automated processes to reduce excess stock and avoid stockouts, precise forecasting capabilities, and predictive analytics to minimize supply and demand risks. Customizing your ERP can lead to expensive challenges in the long term, especially when performing automatic upgrades. Consider using best-in-breed inventory solutions from Independent Software Vendors (ISVs) to enhance ERP functionality without unnecessary complexity, ensuring long-term adaptability and efficiency To balance inventory and costs, businesses need to understand what tools are fit for purpose to help achieve inventory optimization, financial success, and market competitiveness.   From this discussion, the audience will have a better understanding of: – The functionality of ERPs – How to assess if ERPs deliver on inventory goals and capabilities – Identify missing gaps for better inventory planning and optimization – What key features to prioritize when selecting an inventory add-on solution – Rearview vs front window when it comes to forecasting and risk in your ERP – How to measure ROI – how best-of-breed solutions like Netstock show ROI when integrated with an ERP        

With all the discussion around the current state of global supply chains, one question that gets asked too many times these days is: “How will my company manage during this incessant supply chain crisis?” Join Supply Chain Now hostsScott Luton and Greg White as they welcome Ron Lee, Chief Product and Technology Officer with 3GTMS, and Matt Connelly, Co-Founder and CEO of Vesta Freight, in this upcoming webinar. The panel will discuss a new paradigm of supply chain resilience that protects against continuous shocks to operations and profitability in an environment of systemic disruption.