There are several reasons a business might be selecting a vendor, and the 2 most common are: To replace an existing, failing or outdated To fill a need for new materials or services Both of these reasons, and any others, should follow the same process for selecting a vendor. There are 7 things you must do to select the right vendor: We need to define the problem to solve Create scenarios that must be tested Test the scenarios against new vendor Define a time line for selecting the new vendor Define a budget for the materials/services provided by the vendor Get feedback from your employees on the vendor shortlist Check the vendor's social media and market ratings Since scenarios are one of the major components to selecting a new vendor, we will discuss them a bit more. The scenarios should include all of the important issues that you are currently experiencing. An example of problems to solve might look something like this: Need Service ...
Enterprise Resource Planning is one of the most sought after tools when running a business that has inventory, employees, vendors, and customers that all need to be tracked and organized. It is the top priority of any successful business to closely control these areas to reduce the loss while increasing the profits. This blog will examine all things related to managing your business and how an ERP fits into those needs.