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How to Develop a Flexible Pricing Strategy For Your Company

It can be extremely challenging for businesses to come up with an effective pricing strategy. While prices need to be high enough to generate a profit, they also need to be low enough to attract customers. It’s finding that happy medium that’s essential.

This is where a flexible pricing strategy can really be helpful. Such strategies provide businesses with the opportunity to quickly make adjustments to pricing as required in order to accommodate changes in the industry or get over any competitive hurdles.

Here are some ways to help your business develop a flexible pricing strategy:

Check Out the Competition
It’s always important for businesses to stay on top of what their competitors are doing, and this includes looking at the prices they are charging for similar products or services. Understanding exactly how competitors have positioned themselves compared to your company can give you the chance to develop your flexible pricing strategy effectively.

Assess Product […]

Affordable Business Management Systems for Food Manufacturers, Distributors

In the food industry, when manufacturers and distributors decide to acquire or update their business management system, they often need it designed and implemented within a month or two—not a year or two—to minimize disruption and maximize their competitive advantage.

While some of the largest companies require elaborate enterprise resource planning (ERP) systems that can take years and mega dollars to implement— including consulting and customization costs—that is not usually the case with smaller, growing organizations.
Some of the savviest players in the food manufacturing and distribution industries are implementing more simplified business management systems featuring customizable robust modules in as little as a month for just thousands of dollars per location.

Quickness Supports Growth
MMIS Inc.—Ontario-based manufacturer and distributor of foods and food processing equipment and services— initially installed Vigilant business management software in the 1990s to integrate various accounting functions. That package was updated 6 years ago with software from Vigilant’s successor, […]

Case Study: Food Manufacturers, Distributors Seek Affordable Business Management Systems with Smooth, Fast Implementation

In the food industry, when manufacturers and distributors decide to acquire or update their business management system, they often need it designed and implemented within a month or two – not a year or two – to minimize disruption and maximize their competitive advantage. 

While some of the largest companies require elaborate ERP (Enterprise Resource Planning) systems that can take years and mega dollars to implement, including consulting and customization costs, that is not usually the case with smaller, growing organizations.

Some of the savviest players in the food manufacturing and distribution industries are implementing more simplified business management systems with software contained in robust modules that can be customized to meet specific needs and implemented in as little as a month for just thousands of dollars per location. These management systems make available many of the features of comprehensive ERP systems such as modular design, scalability, the ability to handle […]

How Material Requirements Planning (MRP) Software Can Help Your Business

Material Requirement Planning (MRP) is highly used in the manufacturing industry, and is essential to production planning and inventory management in the manufacturing process. The main goal is to maintain sufficient levels of inventory to make sure that the necessary materials are always readily available as required.

The main objectives of MRP include:

• Maintaining the lowest amount of inventory possible
• Making sure materials are always available for production
• Generate and plan delivery schedules and manufacturing activities

Who Benefits From MRP? How is it Used?
Material requirement planning is advantageous to manufacturing firms that make use of assembly lines to create their products. MRP software is implemented to track and organize inventories, and to make sure that the necessary products and parts are in place when an order is taken. This system can boost profitability, shorten lead times, improve productivity, and allow businesses to be proactive in their inventory management practices.

Material requirement planning requires […]

4 Reasons Why Your Business Needs Customer Relationship Management Software

We work in a global economy, where people from all corners buy, sell and communicate with one another regardless of location. Not only are competitors everywhere, but so are our customers. No longer are we tied to any physical barriers to do business.

Customer Relationship Management (CRM) involves tracking and analyzing all interactions that a business has with customers and prospects. And CRM software is a convenient and handy tool that simplifies, centralizes, and scales customer engagement.

Here are 4 reasons why your company should start using CRM software.

1. Grow Your Business
CRM software can be effectively used to acquire leads from your website, email campaigns, webinars, trade-shows, and so forth, with the leads being sent directly to your salespeople. You can then use CRM software to direct your sales staff to cross- or up-sell, identify new market opportunities, or just to improve the efficiency of your salespeople.

2. Repeat Best Practices
Many practices may […]

How Can You Use Online Billing to Work to Your Business’ Advantage?

Online billing is changing the landscape of businesses everywhere, regardless of the specific niche they happen to be in. It takes all the benefits of modern technology and applies them to the complex process of billing customers and managing the financials. Aside from being a quick and simple way of taking orders and invoicing your customers, online billing also has a plethora of additional features that can be used to your business’s advantage.

Generate Invoices in Minutes
After the online billing software has been updated you will have access to customer contact information and sales SKUs. It’s just a matter of choosing a customer (or adding new customer’s contact detail), selecting the items you’re charging them for, and punching in the quantity. The software will do all rest including finding the price and calculating the extension and taxes, which will save you a ton of time. You can use this to your […]