By now, we all know that organizations are taking full advantage of social media to closely connect with customers and to promote their products and services. But several articles and studies show that social networks are now a top purchase-evaluation tool for decision makers. Professionals connect to vendors on social media sites, and a many say that social media plays a role in every stage of the acquisition process.
Advance shipping notices (ASNs) can drive up efficiencies and accuracies by reducing discrepancies – which experts estimate happen about 30 percent of the time -- between invoices and the orders a retailer receives. That's because ASNs provide the retailer with detailed information on how the goods were packed for shipment, how many items are in the shipment, as well as product descriptions, carrier information, and even order information. ASNs also alert retailers that the goods have been shipped so they are ready to receive them.
Most business owners have at least a basic way of collecting data from their companies, and at least some basic form of data analytics. The thing is, many business owners don't know what they should really be doing with that analytical data. A lot of times it is glanced at, and then pushed aside, without really having any effect on business one way or the other. However, there is actually a lot that you, as a retailer, can be doing to leverage those analytics to help you in the day to day running of your business.
ec-bp has been participating in social media for nearly as long as the platforms have existed... that is, I've been participating in Facebook, Twitter, LinkedIn, and Google + since each of them became available as beta experiments. Most of the content from ec-bp.com has been posted to these sites under my personal accounts. That's changing.
Business owners have been using analytics to analyze their business data for many years. The real question is, what do we do with that data? Up until recently, there really hasn't been much guidance when it comes to interpreting and utilizing that data to meet your business needs. However, in today's highly competitive supply chain it is more important than ever to know how to utilize those analytics to solve problems in your supply chain. Think about it: If you can't use that analytical data to solve real world problems for your business, what is the point of the analytics in the first place?
Spring is now winding down, and I have been admittedly a bit neglectful of my to-do list around the homestead. This February, I had convinced myself to plant a small vegetable garden, make some minor landscaping modifications to the yard, and do some heavy duty de-cluttering inside. With only one month of Spring left, I have only managed to mow the lawn a couple of times and trim a few shrubs. When I woke up this past Saturday morning, I was determined to get at least one of those projects started before the Summer heat of the south was upon me.
A new study by accounting and consulting firm BDO USA looks at concerns tech companies have about their global supply and distribution chains. Supply chains are not to be broken. But there’s plenty of risk that they might, and that risk – or at least concern over that risk – seems to be growing.
When it comes to electronic documents supporting the supply chain, the Advance Ship Notice or 856 is just as important to the order to delivery process as the purchase order itself. While it is a robust document, its main purpose is to communicate back to the buying party what is shipping and when, as well as where it is going.
You spent big bucks a few years ago on a translator, faithfully paid yearly maintenance fees, and applied upgrades. There's still something you need the software to do that it can’t. What’s there to do about it?