How your clients can gain efficiency with an automated warehouse system

Many businesses, including those owned by your clients, find that as they grow, their warehousing becomes inefficient and drags behind them. Very few businesses have warehouses optimised for productivity, and continuing to rely on labour-intensive processes results in poor resource utilisation and ineffective inventory management.

The consequences of inefficient warehousing are numerous and affect all aspects of an organisation, especially revenue generation. It also affects customer satisfaction, particularly when your clients’ products are delayed or lost due to disorganisation.

Automated mobile warehousing is becoming an increasingly attractive option as businesses seek a dramatic improvement in their productivity and stocktake process, as well as seeking to have control over inventory.

In this month’s blog, I’ve outlined the three ways that an automated warehouse system can improve previously labour-intensive tasks, and the significant increase in productivity that happens as a result.

 

3 ways that automated warehousing can simplify previously labour-intensive tasks

1.Increase pick efficiency 

automated warehouse system

Increased pick efficiency allows your clients to better deliver their products to customers

For your clients, knowing where products are located in their warehouse is a basic necessity—they need this knowledge for picking stock, which is the first step in delivering their product to a customer. But many organisations, due to incorrectly labelled goods or other reasons, have inaccurate picking methods. Errors in stock management lead to a negative cycle of pick inefficiency in which goods are continuously handled incorrectly and rushed out, leading to a knock-on effect into purchasing and re-stocking. This ultimately results in massive holes in the system that require extra work from warehouse employees to try and mitigate.

In an ideal warehouse, stock is correctly labelled and managed, leading to optimised pick time and making the process much easier. Download your copy of the HARMONIQ Effective Stock Management eBook to learn how an automated warehouse system can increase pick efficiency and save time for your clients.

2.Accurate stocktakes

automated warehouse system

Changing up your clients stocktake process saves time and improves accuracy in stock management

Most companies see stocktakes as something to be scheduled annually. This often involves shutting down the warehouse for the day, and beginning a slow, labour-intensive process that ultimately results in inaccurate stock levels.

Instead, stocktakes need to be optimised for efficiency and accuracy. We’ve found that the best way to do this is to avoid annual stocktakes, and instead utilise the downtime that happens between couriers. An automated warehouse system allows your clients to use spare moments to run a cyclic continuous stocktake, which increases efficiency and accuracy.

To learn how smarter warehousing can optimise the stocktake process in your clients’ organisation and make it less labour-intensive, download your copy of the HARMONIQ Effective Stock Management eBook.

3.Better warehouse layout

automated warehouse system

Improving your clients warehouse layout ensures processes and tasks are actioned faster.

Warehouses usually have one layout plan developed right at the beginning of the moving-in process, and then stock stays in that arrangement forever. This means that as products change, or your clients get more of them based on demand, the warehouse layout stays the same and isn’t optimised for efficiency.

Ideally, the warehouse layout would be improved in much the same way as stocktakes would—using moments of downtime to re-shelve products. A better warehouse layout would lead to a better pick-rate and replenishment system. By continually adapting the warehouse layout to respond to the demands of picking, the process would drive efficiency and be less labour-intensive, leading to on-time deliveries and even more time to do other tasks.

Download your copy of the HARMONIQ Effective Stock Management eBook to learn how smarter warehousing can dramatically improve efficiency in your clients’ organisations.

 

How can I start leveraging automated warehousing in my clients’ businesses?

As well as eliminating or simplifying labour intensive tasks, organisations driven by an automated warehouse system have the edge over their competitors because they are able to:

  • Save time and money;
  • Improve stock accuracy;
  • Reduce overstocking and shrinkage;
  • Track items from ‘goods in’ to ‘goods out’;
  • Automatically update stock records in real time;
  • Minimise picking times and picking errors;
  • Assign barcodes for loose or un-barcoded items; and
  • Carry out rolling stock takes.

Download the HARMONiQ: Effective Stock Management eBook today as your next step guide on becoming a supplier that allows organisations to be driven by smarter warehousing—because your clients’ computer systems should not be a barrier to implementing an effective stock management process.

If you would like to see the impact HARMONiQ’s Mobile Warehousing can have on your clients’ businesses, then click here to request a demo and I’ll be in touch shortly.

 

Author bio:

Drew Arthur is the Managing Director of Micronet Systems, and is focused on working with accountants and professional services providers to help their clients tune their businesses by leveraging cutting-edge technology. If you want to help your clients gain further efficiencies within their business while boosting your own revenue, click here to see how HARMONiQ Business Tuning Software can make a difference to their business and your own, or get in touch.

How to gain efficiency with an automated warehouse system

Many businesses find that as they grow, their warehousing becomes inefficient and drags behind them. Very few businesses have warehouses optimised for productivity, and continuing to rely on labour-intensive processes results in poor resource utilisation and ineffective inventory management.

The consequences of inefficient warehousing are numerous and affect all aspects of an organisation, especially revenue generation. It also affects customer satisfaction, particularly when their products are delayed or lost due to disorganisation.

Automated mobile warehousing is becoming an increasingly attractive option as businesses seek a dramatic improvement in their productivity and stocktake process, as well as seeking to have control over their inventory.

Over the years, I’ve worked with numerous companies across Australia and New Zealand to help them successfully implement smarter warehousing. I’ve seen the most common challenges small to medium businesses face, and have provided access to the tools they need to overcome them.

In this month’s blog, I’ve outlined the three ways that an automated warehouse system can improve previously labour-intensive tasks, and the significant increase in productivity that happens as a result.

 

3 ways that automated warehousing can simplify previously labour-intensive tasks

1. Increase pick efficiency

automated warehouse system

Increased pick efficiency allows you to better deliver your products to your customers

Knowing where products are located in your warehouse is a basic necessity—you need this knowledge for picking stock, which is the first step in delivering your product to a customer. But many organisations, due to incorrectly labelled goods or other reasons, have inaccurate picking methods. Errors in stock management lead to a negative cycle of pick inefficiency in which goods are continuously handled incorrectly and rushed out, leading to a knock-on effect into purchasing and re-stocking. This ultimately results in massive holes in the system that require extra work from warehouse employees to try and mitigate.

In an ideal warehouse, stock is correctly labelled and managed, leading to optimised pick time and making the process much easier. Download your copy of the HARMONIQ Effective Stock Management eBook to learn how an automated warehouse system can increase pick efficiency and save you time.

2.Accurate stocktakes 

automated warehouse system

Changing up your stocktake process saves time and improves accuracy in stock management

Most companies see stocktakes as something to be scheduled annually. This often involves shutting down the warehouse for the day, and beginning a slow, labour-intensive process that ultimately results in inaccurate stock levels.

Instead, stocktakes need to be optimised for efficiency and accuracy. We’ve found that the best way to do this is to avoid annual stocktakes, and instead utilise the downtime that happens between couriers. An automated warehouse system allows you to use spare moments to run a cyclic continuous stocktake, which increases efficiency and accuracy.

To learn how smarter warehousing can optimise the stocktake process and make it less labour-intensive, download your copy of the HARMONIQ Effective Stock Management eBook.

3.Better warehouse layout 

automated warehouse system

Improving your warehouse layout ensures processes and tasks are actioned faster.

Warehouses usually have one layout plan developed right at the beginning of the moving-in process, and then stock stays in that arrangement forever. This means that as products change, or you get more of them based on demand, the warehouse layout stays the same and isn’t optimised for efficiency.

Ideally, the warehouse layout would be improved in much the same way as stocktakes would—using moments of downtime to re-shelve products. A better warehouse layout would lead to a better pick-rate and replenishment system. By continually adapting the warehouse layout to respond to the demands of picking, the process would drive efficiency and be less labour-intensive, leading to on-time deliveries and even more time to do other tasks.

Download your copy of the HARMONIQ Effective Stock Management eBook to learn how smarter warehousing can dramatically improve efficiency in your organisation.

 

How can I start leveraging automated warehousing in my business?

As well as eliminating or simplifying labour intensive tasks, organisations driven by an automated warehouse system have the edge over their competitors because they are able to:

  • Save time and money;
  • Improve stock accuracy;
  • Reduce overstocking and shrinkage;
  • Track items from ‘goods in’ to ‘goods out’;
  • Automatically update stock records in real time;
  • Minimise picking times and picking errors;
  • Assign barcodes for loose or un-barcoded items; and
  • Carry out rolling stock takes.

Download the HARMONiQ: Effective Stock Management eBook today as your next step guide on becoming an organisation driven by smarter warehousing—because your computer system should not be a barrier to implementing an effective stock management process.

If you would like to see the impact HARMONiQ’s Mobile Warehousing can have on your business, then click here to request a demo and I’ll be in touch shortly.

 

Author bio:

Drew Arthur is the Managing Director of Micronet Systems and is focused on helping business leaders overcome inefficient sales, inventory, and customer relationship management practices by leveraging cutting edge technology. If you want to gain better control of the sales processes in your business, click here to organise a demo to see how HARMONiQ Business Tuning Software can make a difference to your business.

3 reasons why every business should be thinking about inventory control

There’s no doubt that gaining control of your stock and learning how to manage it is one of the most challenging things you could do for your business. The best way to think about stock is to treat it like cash – if you wouldn’t leave $100 notes lying around your warehouse, why would you leave your stock unchecked and waiting to go missing? Learning how to efficiently manage stock is critical.

More and more businesses are thinking about how to optimise their stock management strategy – using tools and equipment to control their inventory in order to balance customer needs while minimising the cost of carrying excess items.

Over the years, I’ve worked with numerous companies across Australia and New Zealand to help them successfully gain control of stock inventory in their businesses. I’ve seen the most common challenges small to medium businesses face, and have provided access to the tools they need to overcome them.

In this month’s blog, I’ve outlined the three reasons small to medium businesses should have control of their inventory, and the ways taking control can benefit an organisation.

3 reasons effective inventory control can optimise your operational effectiveness

 

1. Mitigate risks early on

Better systems for inventory control in warehouses eliminates inaccuracies in your stock levels.

Traditionally, the recording of stock is done through a time-consuming, labour-intensive yearly stocktake — a highly inefficient process that inevitably leads to inaccuracies and loss in your stock levels.

Having doubts about the accuracy of your stock-on-hand reports costs you down the line. Ultimately these mistakes get recorded as shrinkage, resulting in lost revenue and, sometimes, the perception of theft in your warehouse.

By implementing a new system that allows you to efficiently record and track all of your inventory, you eliminate inaccurate stock records and minimise time spent on stocktake. Download your copy of the HARMONIQ Effective Stock Management eBook to learn how adopting inventory control through an integrated ERP system will mitigate risks in your warehouses.

2. Eliminate excess or back-orders

The inaccuracies of pen and paper processes are in the past once you adopt effective tools for stock management.

What tools are you using to optimise your ordering process?

Many warehouses rely on guesswork to order stock, and as a result stock levels don’t match what is required to meet demand. This means you either don’t order enough of what your customers require —resulting in lost sales, dissatisfied customers and reputation impacts — or you have excess inventory and dead stock, meaning money wasted and an impact on your profitability.

Most simply lack the tools to optimise their ordering, and instead rely on simple programs like Excel or pen and paper processes even when their business has far outgrown them.

A system that is fit-for-purpose and allows you to gain control over the ordering process would be a powerful tool, and our studies show that an integrated inventory system can result in a 7.5% decrease in the frequency of out-of-stock inventory. Find out more about how to gain control of your stock ordering in the HARMONIQ Effective Stock Management eBook.

3. Visibility over your entire stock

Gain insights into your business when you gain visibility over all of your inventory.

If you have multiple warehouses and you’re still using basic systems for inventory management, it is virtually impossible to have visibility over all of your stock. A lack of visibility ultimately causes all of your other tasks to be time-consuming and inaccurate, such as transferring or sending out stock.

By eliminating basic processes, you can gain valuable insights into your business. Our studies show that, paired with an integrated inventory system like HARMONiQ, 95.4% of your outbound orders are delivered to customers complete and on time. You are also much more likely to have online visibility into in-transit shipment status.

Maintaining accurate and visible stock levels across the organisation enables all departments who rely on accurate stock detail to work more efficiently and make smarter decisions. To learn how to implement an inventory control solution that provides access to real time, accurate data and can also simplify work processes within your organisation, download your copy of the HARMONIQ Effective Stock Management eBook.

How can I start leveraging effective inventory control for my business?

Organisations driven by effective inventory control have the edge over their competitors because they can easily track, record, and order stock, eliminating inefficiencies and helping them to minimise excess and keep their customers happy.

Download the HARMONiQ: Effective Stock Management eBook today as your next step guide on becoming an organisation driven by optimised inventory control.

If you would like to see the impact effective stock management can have on your business, then click here to request a demo of HARMONiQ and I’ll be in touch shortly.

Author bio:

Drew Arthur is the Managing Director of Micronet Systems and is focused on helping business leaders overcome inefficient sales, inventory, and customer relationship management practices by leveraging cutting edge technology. If you want to gain better control of the sales processes in your business, click here to organise a demo to see how HARMONiQ Business Tuning Software can make a difference to your business.

3 reasons why your client’s business should be thinking about an inventory control system

There’s no doubt that gaining control of your clients’ stock and learning how to manage it is one of the most challenging things you could do for their business. The best way to think about your clients’ stock is to treat it like cash – if your client wouldn’t leave $100 notes lying around their warehouse, why would they leave their stock unchecked and waiting to go missing? Learning how to efficiently manage stock for your clients is critical.

More and more businesses like your clients are thinking about how to optimise their stock management strategy – using tools and equipment to control their inventory in order to balance customer needs while minimising the cost of carrying excess items.

Today, organisations have access to control and update their inventory in real-time. By embracing effective stock management, organisations can mitigate future risks, and optimise purchasing procedures.

In this blog, I’ve outlined the three reasons why your clients’ business should have control of their inventory, and the ways taking control can benefit their organisation.

 

3 reasons effective inventory control systems can optimise operational effectiveness for your client

 

1. Mitigate risks early on

A better inventory control system in your clients’ warehouse will eliminate inaccuracies in their stock levels.

Traditionally, the recording of stock is done through a time-consuming, labour-intensive yearly stocktake — a highly inefficient process that inevitably leads to inaccuracies and loss in your clients’ stock levels.

Having doubts about the accuracy of your clients’ stock-on-hand reports costs them down the line. Ultimately these mistakes get recorded as shrinkage, resulting in lost revenue and, sometimes, the perception of theft in your clients’ warehouse.

By implementing a new system that allows you to efficiently record and track all of your clients’ inventory, eliminates inaccurate stock records and minimises time spent on stocktakes. Download your copy of the HARMONIQ Effective Stock Management eBook to learn how adopting an inventory control system through an integrated ERP will mitigate risks in your clients’ warehouses.

2. Eliminate excess or back-orders for your client

The inaccuracies of pen and paper processes are in the past once you adopt effective tools for stock management.

What tools are you using to optimise your clients ordering process?

Many warehouses much like your clients, rely on guesswork to order stock, and as a result stock levels don’t match what is required to meet demand. This means your client either doesn’t order enough of what their customers require —resulting in lost sales, dissatisfied customers and reputation impacts — or they have excess inventory and dead stock, meaning money wasted and an impact on their profitability.

Some of your clients’ business’ might simply lack the tools to optimise their ordering, and instead rely on simple programs like Excel or pen and paper processes even when their business has far outgrown them.

A system that is fit-for-purpose and will allow your client to gain control over the ordering process will be a powerful tool, and our studies show that an integrated inventory system can result in a 7.5% decrease in the frequency of out-of-stock inventory. Find out more about how to gain control of your clients’ stock ordering in the HARMONIQ Effective Stock Management eBook.

3. Visibility over your clients’ entire stock

Gain insights into your clients’ business when you gain visibility over all of their inventory.

If your clients’ have multiple warehouses and they’re still using basic systems for inventory management, it is virtually impossible to have visibility over all of their stock. A lack of visibility ultimately causes all of their other tasks to be time-consuming and inaccurate, such as transferring or sending out stock.

By eliminating basic processes, you can help your client can gain valuable insights into their business. Our studies show that, paired with an integrated inventory system like HARMONiQ, 95.4% of your clients’ outbound orders will be delivered to customers complete and on time. Your client is also much more likely to have online visibility into in-transit shipment status.

Maintaining accurate and visible stock levels across your clients’ organisation enables all departments who rely on accurate stock detail to work more efficiently and make smarter decisions. To learn how to implement an inventory control system that provides access to real time, accurate data and can also simplify work processes within your clients’ organisation, download your copy of the HARMONIQ Effective Stock Management eBook.

How can my client start leveraging an effective inventory control system?

When your clients’ organisation is driven by an effective inventory control system, they will have the edge over their competitors because they can easily track, record, and order stock, eliminating inefficiencies and helping them to minimise excess and keep their customers happy.

Download the HARMONiQ: Effective Stock Management eBook today as your next step guide on helping your clients to become an organisation driven by an optimised inventory control system.

If you would like to see the impact effective stock management can have on your clients’ business, then click here to request a demo of HARMONiQ and I’ll be in touch shortly.

 

Author bio:

Drew Arthur is the Managing Director of Micronet Systems, and is focused on working with accountants and professional services providers to help their clients tune their businesses by leveraging cutting-edge technology. If you want to help your clients gain further efficiencies within their business while boosting your own revenue, click here to see how HARMONiQ Business Tuning Software can make a difference to their business and your own, or get in touch.

Big Data software for your clients: Why Big Data is changing businesses of all sizes

Does real-time data back your client’s decision-making or do they just rely on a gut feel approach?

With a world of data out there, think about how much more your clients’ business could improve if they were backed by robust data analysis and insights.

Many people think leveraging Big Data software is unaffordable and too time-consuming for small to medium businesses, but is this really the case?

Today, businesses of all sizes use data to obtain greater visibility of current trends and market activity, enabling them to make effective decisions, create opportunities, and control their inventory.

When your clients’ organisations embrace the power of Big Data, they have the potential to develop an informed understanding of their business, backed by hard numbers.

In this month’s blog, I’ve outlined the three most common ways a shift to Big Data can benefit your clients’ organisation.

Three ways Big Data software can improve your clients’ business

 

1. Effective decision making

Man standing with light bulb

For your client, Big Data software will increase the effectiveness of their everyday decision-making.

Traditionally, you will find most of your small to medium clients rely on a gut feel approach when it comes to important decision-making. Because decision-makers in companies of this size are often the business owners or CEOs, relying on a gut feel approach is time-consuming and can lead to unaffordable delays in important decisions.

In our experience, your clients will usually only investigate data when they need an answer to a specific question, or when something has gone wrong. A major issue with this approach is it makes your clients’ business reactive and not pro-active. Helping your client manage their business is difficult enough, but without real-time data, they won’t be aware of a problem until it’s too late, and they can’t just hand over some of the pressures of decision-making to their staff.

Implementing Big Data software in your clients’ organisation empowers their staff with the ability to make data-driven decisions so that the owner or CEO can focus on the higher-level strategic initiatives of the business. Download your copy of the HARMONiQ Power of Big Data eBook to see how data-driven decision making can empower your clients’ staff and improve their organisations.

2. Opportunity creation

Connecting the pieces of the puzzle.

Increase the creation of opportunities within your clients’ business when you help them unlock the power of Big Data.

A data-driven organisation can access insights that lead to opportunity creation and optimisation. Big Data can allow your client to identify why some customers are growing faster than others, and how they can work to improve relationships with their weaker customers.

Often Big Data software can break down your clients’ customers and salespeople into three categories: Average, Good, and Great.

Using this grading system, your clients’ may decide to assign their top performing resources to under-performing opportunities to lift their standing. Alternatively, they may decide to have their poorer performing resources shadow their top performers for training purposes.

Big Data helps your clients’ business by giving them visibility of open opportunities in their organisation so they can make the correct resourcing decisions.

Learn more about opportunity tracking for your clients’ organisation in the HARMONiQ Power of Big Data eBook.

3. Inventory control

Stock of inventory

For your client, effectively controlling their inventory has never been easier with HARMONiQ’s ERP software.

Your client’s inventory should be treated like cash because, at the end of the day, the money they’ve spent on inventory has an opportunity cost. Unfortunately, clients’ like yours, often make the mistake of letting excess inventory lie – what else could they be doing with the funds they have tied up in excess inventory?

HARMONiQ’s ERP platform is specifically tailored to help your clients assess what stock isn’t selling well, or where it is selling best, and what products they should be restocking. Their inventory will be monitored around the clock, enabling your clients to make effective purchasing decisions based on real-time inventory data.

Big Data software will ensure your clients’ inventory is up to date, is tracked at all times, and is easily comparable with market trends. To find out more about inventory control for your clients’ business, download the HARMONiQ Power of Big Data eBook.

How can my client begin leveraging Big Data software?

When Big Data software drives your clients’ organisation, they have the edge over their competitors because they can easily track, record, and utilise data in their business to facilitate and expedite the decision-making process.

Download the HARMONiQ: Power of Big Data eBook today as your guide on assisting your client in becoming driven by the power of Big Data. This eBook will help your client identify how Big Data can be utilised in their business to lift their performance.

If you would like to see HARMONiQ solutions in action and witness the power of Big Data for yourself, then click here to request a demo and I’ll be in touch shortly.

Author bio:

Drew Arthur is the Managing Director of Micronet Systems and is focused on working with accountants and professional services providers to help their clients tune their business by leveraging cutting-edge technology. If you want to help your clients gain further efficiencies within their business while boosting your revenue, click here to see how HARMONiQ Business Tuning Software can make a difference to their business and your own, or get in touch.

Big Data solutions for businesses: Why Big Data is no longer just for big businesses

Does real-time data back your organisation’s decision-making or are you relying on a gut feel approach?

With a world of data out there, think about how much more your business could improve if it were backed by actual results and insights from past performance.

Many people think leveraging Big Data is unaffordable and too time-consuming for small to medium businesses, but is this really the case?

Today, businesses of all sizes use data to obtain greater visibility of current trends and market activity to make effective decisions, create opportunities, and control their inventory.

Over the years, I’ve worked with numerous companies across Australia and New Zealand to help them successfully utilise the power of Big Data in their businesses. I’ve seen the most common challenges small to medium businesses face, and have provided access to the tools they need to overcome them.

In this month’s blog, I’ve outlined the three most common ways a shift to Big Data can benefit an organisation.

Three ways Big Data solutions can improve your business

 

1. Effective decision making

Man standing with light bulb

Big Data solutions for businesses increase the effectiveness of decision-making.

Traditionally, most small to medium businesses rely on a gut feel approach when it comes to important decision-making. Because decision-makers are often business owners or CEOs, relying on a gut feel approach is time-consuming and can lead to delays in important decisions.

In my experience, most small to medium business owners usually only investigate the data when they need an answer to a specific question, or when something has gone wrong. A major issue with this approach, is it makes your business reactive and not pro-active. Managing a business is difficult enough, but without real-time data you won’t be aware of a problem until it’s too late, and you can’t just handover some of the pressures of decision making to your staff.

By implementing Big Data solutions in your organisation, you empower your staff with the ability to make data-driven decisions so that you can focus on the higher-level strategic initiatives in your business. Download your copy of the HARMONiQ Power of Big Data eBook to see how data-driven decision making can empower your staff and improve your organisation.

2. Opportunity creation

Pieces of a puzzle

Increase the creation of opportunities within your business when you unlock the power of Big Data.

A data-driven organisation has the ability to access insights that lead to opportunity creation and optimisation. Big Data can allow you to identify why some customers are growing faster than others, and how you can work to improve relationships with your weaker customers.

Often Big Data solutions break down your customer and sales people into three categories: Average, Good, and Great.

Using this grading system, you may decide to assign your top performing resources to under-performing opportunities in order to lift their standing. Alternatively, you may decide to have your poorer performing resources shadow your top performers for training purposes.

Big Data helps your business by giving you visibility of open opportunities in your organisation so you can make the correct resourcing decisions.

Learn more about opportunity tracking for your organisation in the HARMONiQ Power of Big Data eBook.

3. Inventory control

Stock room

Effectively controlling your inventory has never been easier with HARMONiQ’s ERP software.

Inventory should be treated like cash because, at the end of the day, the money you’ve spent on inventory has an opportunity cost. Unfortunately, small to medium businesses often make the mistake of letting excess inventory lie – what else could you be doing with the funds you have tied up in excess inventory?

HARMONiQ’s ERP platform is specifically tailored to help you assess what stock isn’t selling well, or where it is selling best, and what products you should be restocking. Designed to cut manual labour, saving you both time and money, your inventory will be monitored round the clock so that you can make effective purchasing decisions.

Big Data solutions ensure your organisation’s inventory is up to date, is tracked at all times, and it’s easily comparable with market trends. To find out more about inventory control for your business, download the HARMONiQ Power of Big Data eBook.

How can I start leveraging Big Data solutions for my business?

Organisations driven by Big Data solutions have the edge over their competitors because they can easily track, record, and utilise data in their business to help them make good decisions early.

Download the HARMONiQ: Power of Big Data eBook today as your next step guide on becoming an organisation driven by the power of Big Data.

If you would like to see the impact Big Data can have on your business, then click here to request a demo of HARMONiQ and I’ll be in touch shortly.

Author bio:

Drew Arthur is the Managing Director of Micronet Systems and is focused on helping business leaders overcome inefficient sales, inventory, and customer relationship management practices by leveraging cutting edge technology. If you want to gain better control of the sales processes in your business, click here to organise a demo to see how HARMONiQ Business Tuning Software can make a difference to your business.

 

Big Data for businesses: is your client making data driven decisions?

Is data driving the business decisions your clients make in their organisation? Are their decisions rooted in actual results and insights from performance, or are they just based on gut feel?

Businesses have traditionally relied on gut-feel alone to drive decision making. It’s not because organisations are unwilling to crunch the numbers to help decision making, but because tracking, organising, and analysing large volumes of business data has been simply unaffordable and too time-consuming to justify. So, the benefits of big data decision-making seemed only attainable by big business.

But that doesn’t need to be the case for your clients.

Today, organisations have just as much access as big business to make smarter, more informed, data-driven decisions. When organisations embrace big data, they can replace the traditional gut-feel approach by developing an educated understanding of their business, backed with statistical evidence.

But for your clients, implementing a data-driven approach can seem daunting.

In this blog, I’ve outlined the three most common challenges organisations face when trying to become more data driven – and how to overcome them.

Three common big data challenges for businesses:

 

1. Challenge One: Not knowing what to track

Big Data for businesses plan image

For your client, being able to capture all their data in one platform seamlessly is crucial to becoming a data-driven business.

For most organisations, data is often under-utilised because most professional service providers simply don’t know what their clients can track, or what they should be tracking. Many organisations I speak with just limit themselves to Net Profit and Gross Profit figures, and if those numbers tell a good story, they see no need to dig further.

For your client to be a truly data-driven business, they need to think beyond tracking profit value and consider the other elements of their company that offer invaluable insights to future growth and productivity. Even if their business is seeing growth in revenue or profit, as the professional, you need to think about how much more it could be making if their business were tracking and analysing data more effectively.

With a world of data out there your clients simply need the tools to capture it, and the guidance on what to track. We offer just that, in the HARMONiQ Power of Big Data eBook, click here to download your copy.

2. Challenge Two: Lack the tools or the time to collect data

Big Data for businesses tools image

HARMONiQ’s ERP platform is designed specifically to cut manual labour, saving your clients both time and money.

Often data goes uncaptured due to the lack of tools or time available to spend gathering it. Data in the form of excel spreadsheets or paper based capture is time-consuming and relies significantly on manual labour.

HARMONiQ is an integrated Enterprise Resource Planning (ERP) platform that captures data seamlessly from all departments, such as your client’s inventory, sales, business management, and accounting systems.

With the added ability to truly personalise the system to match the way your client wants their business to operate, it’s a software solution of its own class. To see how powerful Big Data can be for your clients, download the HARMONiQ Power of Big Data eBook.

3. Challenge Three: Inability to turn data into meaningful insights

Big Data for businesses insights image

Equipped with the power of Big Data for your client’s business, you can help your clients make educated decisions backed by statistical evidence.

In my experience, most clients only interrogate the data when they need an answer to a specific question, or something has gone wrong. But, ad hoc reporting of this nature is often limited and reactive. As the professional services provider, all the pressure is on you and the business leader as the key decision maker, and often the business contact won’t know anything is wrong until it has already happened.

Your client needs the in-depth insights that can help them identify trends and be proactive. By engaging with the power of Big Data in their business, it enables them to make educated decisions and manage their risks based on previous data. HARMONiQ provides visual dashboards with a control desk which will only show your client the information that they need to know to make decisions quickly, meaning they can rhythmically access meaningful data, accurately.

How can my client start leveraging Big Data?

Big Data for businesses opens a world of opportunities to take your clients to the next level by increasing efficiency and improving operation structures.

Download the HARMONiQ: Power of Big Data eBook today as your next step guide on assisting your client on how to be a data driven organisation. The eBook will help your client identify how Big Data can be utilised in their business to lift their performance.

If you would like to see HARMONiQ solutions in action and witness the power of Big Data for yourself, then click here to request a demo and I’ll be in touch shortly.

Alternatively, if you want to know more about the benefits of the HARMONiQ Channel Partner Program, download our Partner Information Pack to get the full overview of how we equip our Partners to better serve their clients – by walking them through how their clients could benefit from Big Data.

Author bio:

Drew Arthur is the Managing Director of Micronet Systems and is focused on working with accountants and professional services providers to help their clients tune their businesses by leveraging cutting-edge technology. If you want to help your clients gain further efficiencies within their business while boosting your own revenue, click here to see how HARMONiQ Business Tuning Software can make a difference to their business and your own, or get in touch.

Big Data for businesses: becoming a data driven organisation

Is data driving the business decisions you make in your organisation? Are your business decisions rooted in actual results and insights from performance, or are they just based on gut feel?

Small to medium businesses have traditionally relied on gut feel alone to drive decision making. It’s not because organisations are unwilling to crunch the numbers to help decision making, but because tracking, organising, and analysing large volumes of business data has been simply unaffordable and too time-consuming to justify. So, the benefits of big data decision-making seemed only attainable by big business.

But that’s no longer the case.

Today, organisations have just as much access as big business to make smarter, more informed, data-driven decisions. When organisations embrace big data, they can replace the traditional gut-feel approach by developing an educated understanding of their business, backed with statistical evidence.

But implementing a data-driven approach in your business can seem daunting.

Over the years, I’ve worked with numerous companies across Australia and New Zealand to help them successfully utilise the power of Big Data for businesses. I’ve seen the most common challenges they face – and have helped them access the tools they need to overcome them.

In this blog, I’ve outlined the three most common challenges organisations face when trying to become more data driven – and how to overcome them.

Three common big data challenges for businesses:

 

1. Challenge One: Not knowing what to track

Big Data for businesses plan image

Being able to capture all your Big Data in one platform seamlessly, is crucial for becoming a data-driven business.

For most organisations, data is often under-utilised because most businesses simply don’t know what they can track, or what they should be tracking. Many business leaders I speak with just limit themselves to Net Profit and Gross Profit figures, and if those numbers tell a good story, they see no need to dig further.

To be a truly data-driven business you need to think beyond tracking profit value and consider the other elements of your company that offer invaluable insights to future growth and productivity.  Even if your business is seeing growth in revenue or profit, think about how much more it could be making if you were tracking and analysing your data more effectively.

With a world of data out there, ready to improve your businesses current financial state, you simply need the tools to capture it, and the guidance on what to track. We offer just that, in the HARMONiQ Power of Big Data eBook, click here to download your copy.

With more and more organisations turning to the power of Big Data to make informed decisions about elements of their business, HARMONiQ offers the perfect data software solution that is easy to manage and use. Setting a focus for your big data strategy is crucial, and with the adoption of HARMONiQ, your business can become driven by real time data.

2. Challenge Two: Lack the tools or the time to collect data 

Big Data for businesses tools image

HARMONiQ’s ERP platform is designed specifically to cut manual labour, saving you both time and money.

Often data goes uncaptured due to the lack of tools or time available to spend gathering it. Data in the form of excel spreadsheets or paper based capture is time-consuming and relies significantly on manual labour.

HARMONiQ is an integrated Enterprise Resource Planning (ERP) platform that captures data seamlessly from all departments, such as your inventory, sales, business management, and accounting systems. Overall, this allows businesses to spend more time focusing on deciding on outcomes, rather than on data capture. With the added ability to truly personalise the system to match the way you want your business to operate, and your people to work together it’s a software solution of its own class. To see how powerful Big Data can be, download the HARMONiQ Power of Big Data eBook and become a data-driven organisation today.

3. Challenge Three: Inability to turn data into meaningful insights

Big Data for businesses insights image

Equipped with the power of Big Data for business, you can make educated decisions backed by statistical evidence.

In my experience, most small-medium enterprise business owners usually only interrogate the data when they need an answer to a specific question, or something has gone wrong. But, ad hoc reporting of this nature is often limited and reactive. As the business leader, all the pressure is on you as the decision maker, and often you’ll find yourself not knowing anything is wrong until after the fact.

You lack in-depth insights that can help you identify trends, and be proactive. By engaging with the power of Big Data in your business, it enables you to make educated decisions and manage your risks based on previous data. HARMONiQ provides visual dashboards with a control desk which only shows you the information that you need to know to make decisions quickly, meaning you can rhythmically access meaningful data, accurately.

How can I start leveraging Big Data?

Big Data for businesses opens a world of opportunities to take your organisation to the next level by increasing efficiency, and improving operation structures. As a data-driven entity, you have the edge over your competitors because you can easily identify what inventory you’re selling the most and establish a gap in the market. Meaning data can help you make good decisions early.

Download the HARMONiQ: Power of Big Data eBook today as your next step guide on how to be a data driven organisation. The eBook  will help you identify how Big Data can be utilised in your business to leverage your ROI.

If you would like to see HARMONiQ solutions in action and witness the power of Big Data for yourself, then click here to request a demo and I’ll be in touch shortly.

Author bio:

Drew Arthur is the Managing Director of Micronet Systems and is focused on helping business leaders overcome inefficient sales, inventory, and customer relationship management practices by leveraging cutting edge technology. If you want to gain better control of the sales processes in your business, click here to organise a demo to see how HARMONiQ Business Tuning Software can make a difference to your business, or get in touch.

Preparing for End of Financial Year 2017 with a focus on growth

As a professional services provider, this is it! Preparing for End of Financial Year: this is your time. It certainly is your busiest time and it’s also the biggest opportunity to you have all year to deepen your relationship with your clients, increase the value you add, and earn significantly more (all year round) as a result.

Many providers get caught up in the busy-ness of this period and fail to truly leverage the opportunity that preparing for the End of Financial Year presents them. But that doesn’t have to be the case for you…

Here’s how you can be the exception:

1.   Help them plan for their next Financial Year

Often, companies get so caught up focusing on preparing for the end of the financial year that they only realise too late that it’s also the start of a new one. As service providers, it can be easy for us to fall into this trap as well.

As a proactive consultant looking to add more value to your clients, the best place to start is to bring your clients’ focus to the year ahead.

Companies often spend too much time preparing for End of Financial Year, and not enough time planning for the year ahead.

Facilitating a planning workshop

Even in an especially busy time, we can all carve out a small window of time for a planning session – and by being the person facilitating (and enforcing that your client take the time to do so), you’re already adding incremental value to their business.

In terms of the actual workshop, it doesn’t have to be complicated.

Here’s a simple agenda that I often use in business optimisation planning sessions:

  • Brainstorm the high priority objectives for the coming year.
  • Use a prioritisation process to narrow them down to an achievable number (top five perhaps).
  • Then, develop a roadmap to achieving these objective:
    • What should you keep doing?
    • What should you start doing?
    • What should you stop doing?
    • What should you automate?
    • What should you outsource?

You may have seen the keep / stop / start approach in many places, but I’ve always found that extending that line of thinking to include automation and outsourcing is where the magic truly happens – you are essentially working with your client to identify actual business problems for which your own offerings will be the right solution.

Take for example a client who still uses manual processes to manage a lot of their tasks. Once you’ve identified this as a gap, you can help them:

  1. Identify which of those tasks can be automated, and how;
  2. Identify the right tool to support that automation;
  3. Drive the implementation of that tool; and
  4. Help manage the change around the new process.

Understanding and identifying your clients’ problems will help them prepare for End of Financial year, and for the year ahead.

2.   Preparing for End of Financial Year is the perfect time to drill into client data and identify opportunities for growth and improvement

When you are preparing for End of Financial Year, it is probably the time when your clients are most open with their doors, diaries, and data for you. To avoid squandering this opportunity, I’d take a deep dive into your customer’s data, and not just what you need for essential reporting.

There’s always a breadth of insights in Sales information that can help highlight significant process gaps. Owners are also keen to invest in improving this area because it has the potential of a direct revenue impact on their business.

Consider the nuggets of gold you may be able to uncover that can genuinely increase the performance of your client’s organisation.

  • Sales person performance
  • Customer experience
  • Profit margins
  • Regional growth
  • Category winners and losers

And if you’re starting to shake your head thinking that there’s no way your clients are tracking their data in a trustworthy way… well, that’s an insight in itself. Studies show that leveraging a Sales tracking system or Customer Relationship Management (CRM) system can have a significant benefit on a businesses’ performance.  In fact, according to the 2016 Miller Heiman Group Sales Best Practice Study, 94% of World Class companies leverages a CRM to track their sales metrics, when compared to 30% across the rest of the world.

Armed with these insights, you could build the case for helping them choose and implement the right CRM platform for their business.

Another area that owners will happily invest to optimise is Inventory Management, due to the direct cost saving opportunity it represents. By analysing a client’s inventory data, you can help businesses make better decisions regarding:

  • Stock holding
  • New order timeframes
  • Dead stock
  • Pricing

Again, this presupposes that the client is capturing and tracking the necessary inputs to this analysis well, which as we know, is not often the case.

3.   Help them get the right system in place to gain visibility and control of their whole business

With all this process improvement, you’ll know that piecemeal and point solutions will quickly fall short. In my experience, working with clients of certain size and level of activity, eventually highlights a need for a single, integrated platform to run their business on.

HARMONiQ Business Tuning Software offers an affordable and powerful ERP for SMEs that can provide your clients with an integrated platform for financials, inventory, sales, and marketing.

With a solution like HARMONiQ in place, you can be sure that when you’re preparing for End of Financial Year 2018, you’ll have all the data and value adding opportunity in place already!

If you want to know more about the benefits of the HARMONiQ Channel Partner Program, download our Partner Information Pack for more details on the how, what and why of becoming a HARMONiQ Channel Partner.

Want to see what HARMONiQ can help you achieve for your clients? Book in a live demo.

About Drew:

Drew Arthur is the Managing Director of Micronet Systems, and is focused on working with accountants and professional services providers to help their clients tune their businesses by leveraging cutting-edge technology. If you want to help your clients gain further efficiencies within their business while boosting your own revenue, request a demo to see how HARMONiQ Business Tuning Software can make a difference to their business and your own.

3 crucial questions to consider when looking for a long-term ERP system

An Enterprise Resource Planning (ERP) platform is a powerful piece of software that encompasses inventory, sales, business management, and accounting systems. If you’re in the market for an ERP system, you’ll know that choosing and deploying one is not a quick-fix job

All too often, I’ve seen businesses jump head-first into ERP implementation projects with no roadmap or consideration of the consequences. They’re enticed by the endless promises made by ERP vendors – instantly streamlined processes, increased profits, boosted productivity – and so they neglect to consider some crucial elements when choosing a long-term ERP platform.

Implementing an ERP system successfully is a long-term project, and one which requires extensive planning and attention to detail. Over the years, I’ve helped numerous companies across Australia and New Zealand successfully implement their own ERP platforms. And from my experience, there are three crucial questions to consider to ensure you choose a long-term ERP platform that will be worth your effort and investment.

To ensure you're choosing the right ERP for the long-term, you need to know what you actually want to fix with your current systems

To ensure you’re choosing the right ERP for the long-term, you need to know what you actually want to fix with your current systems

We all want that one solution that will magically solve every single one of our business challenges. But even the most functional ERP won’t be any use if you don’t put in the work upfront to pinpoint exactly what you need to fix.

Businesses who ended up choosing HARMONiQ as their ERP were looking to fix one or more of the following challenges:

  • Too many manual processes
    • It’s very common for businesses to outgrow their initial business management software. Or to have the platform they invested in fail to deliver against the promises that were made. Often, when this happens to businesses, instead of pausing and reviewing, they just keep adding on third party applications to make up for the functionality they don’t have but sorely need. This leads to endless manual tasks related to updating and maintaining the systems needed for the business to function – sucking up time, resources, and money.
  • Divided and isolated departments
    • Problems also arise when companies use different software platforms for their different departments – accounting, warehousing, sales, marketing and so forth. When these different platforms don’t integrate, it creates endless issues for staff who struggle to operate with differing data across all the systems.
  • Complex problems in spreadsheets
    • All too often, businesses are left trying to calculate complex problems in spreadsheets because they lacked a platform that could output the reports they needed. Not only would this consume immense amounts of resources and time, it was also prone to errors, resulting in unreliable data.

Whether your business is experiencing similar challenges or not – make sure you have a strong idea of what you’re trying to fix. This will help you avoid the ERP platforms that will clearly not get you there.

 2. Do you and the ERP vendor have a clear implementation and change management plan that you can agree on?

 

A long-term ERP should be easily buildable and shouldn’t be setting you back thousands of dollars for every additional feature or update.

A long-term ERP should be easily buildable and shouldn’t be setting you back thousands of dollars for every additional feature or update.

In their eagerness to fix the problems they face, businesses will jump head-on into an ERP deployment without a clear roadmap for implementation and change management. Another troubling factor, is that many ERP vendors, desperate to close the deal, will over-promise on timelines and outcomes to get the sale.

Both of these tactics result in a business that is completely underwhelmed by their chosen ERP, and left with a project that is severely over budget and overdue.

Without trying to do too much too fast, you and your vendor need to discuss and map out the implementation process to ensure you’re on the same page.

Make sure your chosen vendor values change management. Without effective change management, your staff can quickly become disillusioned with the new system, affecting productivity and user adoption rates.

With HARMONiQ, we have a comprehensive implementation roadmap. We also encourage our clients to identify their most business-critical processes – so we can work on streamlining them first. With a few ‘quick-wins’ under the belt to motivate the staff, we then move on to other parts of the business through phases.

As I like to tell clients, “you don’t know what you don’t know”, so the phase-by-phase implementation approach we use at HARMONiQ systematically tackles your most crucial processes, leaves you nimble, and also helps you avoid paying for too much consultation upfront.

3. Is this platform truly a long-term ERP? Can it grow with my business?

An effective implementation roadmap and change management plan are crucial to the success of a long-term ERP

Implementing an ERP platform doesn’t come cheap. So you’d want to be sure that whichever ERP platform you choose can meet both your current and future requirements. Granted, it’s difficult to know what capabilities your business might need in 5 years, 10 years, or more. But look for an ERP platform that’s easily buildable.

Many long-term ERP platforms promise to be ‘customisable’ – however their ‘customisations’ will set you back thousands of dollars in support and technical costs because they need to be custom-coded.

Instead, look for a platform that doesn’t require additional application development to grow with your business. For instance, HARMONiQ can be personalised to your business needs with no coding required – giving you savings on cost, complexity, and support.

I hope this blog will prove valuable on your ERP journey – whichever platform you choose. If there’s any additional guidance I can provide, please do let me know. You can reach me at drew@harmoniq.com.au.

As a fully functional ERP at a mid-market price, HARMONiQ has proved to be a worthy choice for many small-to-medium businesses across Australia and New Zealand. To see if HARMONiQ is the right choice for your business, request a free demo, and we’ll take you through the key features of the platform tailored to your business needs.

Drew Arthur is the Managing Director of Micronet Systems and is focused on helping business leaders overcome inefficient sales, inventory, and customer relationship management practices by leveraging cutting edge technology. If you want to gain better control of the sales processes in your business, click here to organise a demo to see how HARMONiQ Business Tuning Software can make a difference to your business.