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        

Whether it’s miscommunicated demand signals or misaligned data, the supplier-buyer disconnect continues to drag down efficiency for both parties. But it doesn’t have to be that way. Join our webinar as Erick Wilk from Wurth Industry and Jim Braun and Paul Noble from Verusen discuss new ways to bridge the gap so suppliers and buyers can work together to streamline purchases, eliminate tail spend, and reduce waste across their networks. We’ll discuss topics such as: -Achieving more efficient and improved collaboration between suppliers and buyers -Fixing the buyer-supplier disconnect with materials visibility and availability -Accelerating the matching accuracy and response time of RFQ processes -Achieving lower Total Cost of Ownership