On the surface, purchasing and procurement seem fairly simple: you find the vendor with the best price, terms, and delivery schedule, place an order, and receive it. However, there is the planning side to purchasing, and that’s where it gets complicated. In this blog post, we discuss ways you can simplify the process around purchasing… Continue reading Simplifying Purchasing and Procurement in Microsoft Dynamics NAV or Business Central
Category: Industry
Ways to Reduce Retail Shrinkage and Start Protecting Your Profits
Shrinkage costs the global retail industry over $100 BILLION annually. In 2019, roughly 6 percent of retail shrink was literally unaccounted for, meaning nobody could classify a loss under any of the shrink categories. And another survey averaged the retail industry shrink rate in 2019 was nearly 2 percent. If you’re a retailer, these numbers… Continue reading Ways to Reduce Retail Shrinkage and Start Protecting Your Profits
Migrating from Dynamics GP to Dynamics Business Central: The Advantages of Business Central
Microsoft Dynamics GP (Great Plains) users are faced with conflicting information about staying on GP versus migrating to Dynamics 365 Business Central. We’re attempting to clear the clutter and give you some straight answers to help you make your decision. As we mentioned in The Case for the Cloud, there are distinct advantages for GP… Continue reading Migrating from Dynamics GP to Dynamics Business Central: The Advantages of Business Central
6 Reasons Why You Should Move from Microsoft RMS to Omnichannel
Microsoft’s Retail Management System (RMS) 2.0 was a popular POS platform that worked well for small and midsized businesses operating single or multiple stores. At one time, there were upwards of 45,000 customers using the product. RMS was able to provide advanced retail features, including managing multidimensional inventory, receivables, reporting, and interfaces with a wide… Continue reading 6 Reasons Why You Should Move from Microsoft RMS to Omnichannel
Retailers Can Use Reservations Systems to Provide Safe Personalized Shopping Experiences
Reservations have historically only been used by restaurants, spas, hotels, and other service providers, and they are depending on them even more during the pandemic to manage capacity. But reservation systems are catching on across retail sectors. Studies show that nearly a third of shoppers surveyed say they will not be returning to in-store… Continue reading Retailers Can Use Reservations Systems to Provide Safe Personalized Shopping Experiences
Sign up for the First NRF Virtual Big Show 2021
2020 was a tough year for retail, but that didn’t stop retailers from fighting the fight. Things were certainly disrupted, but they moved forward and will continue to do so. It was with that attitude in mind that NRF retooled its annual Big Show, changing the format to fit the times, but not backing off… Continue reading Sign up for the First NRF Virtual Big Show 2021
10 Things to Consider When Migrating from Microsoft Dynamics GP to Business Central
If you’re using Microsoft Dynamics GP (Great Plains), you’re very aware of the product roadmap and software lifecycle policy. Like many GP users, you’ve probably been very happy with the product because it has been a workhorse for more than 30 years. Microsoft has committed to supporting GP with bug fixes, security enhancements, and some… Continue reading 10 Things to Consider When Migrating from Microsoft Dynamics GP to Business Central
How To Correct LS Nav Statement Calculation Issues
Whether you use the job scheduler in LS Retail or post statements manually, occasionally you might run into an issue where the statement doesn’t calculate correctly. While this isn’t common, there are some scenarios that can cause a statement to not calculate—for example, if there are no transactions for the day, you won’t have… Continue reading How To Correct LS Nav Statement Calculation Issues
How to Mix and Match Discount Offers in LS Retail
Discounts are a common strategy for retailers to attract customers. Handled correctly, periodic discounts (by season or other) can help stimulate business during slow times, clear out unwanted stock, and increase loyalty among existing customers. However, discounts can also devalue a brand or product. It’s important to have a strategy for offering discounts, which might… Continue reading How to Mix and Match Discount Offers in LS Retail
Manufacturing Trends for 2021
2020 is coming to a close…thankfully. While this is a relief, it is more important than ever to be prepared for 2021. There have been unprecedented changes in how people behave and buy, how businesses operate and interact with their customers—and manufacturing is no exception. To say the least, we learned a lot about what… Continue reading Manufacturing Trends for 2021