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Use Process Manufacturing ERP to Build Better Cost Models

process manufacturing ERPProcess manufacturing ERP such as Sage EM (formerly known as Sage X3) can help you build better cost models, especially in the chemical manufacturing industry. Many companies overlook the additional costs of transporting, storing, and securing chemicals when they compute the costs of manufacturing each item. By using process manufacturing ERP, you can track all the elements related to the cost of goods and build more accurate costs into proposals and estimates for your customers.

Estimating Accurate Costs in the Chemical Industry

Chemical manufacturing takes into account more than the cost of raw materials, labor, and markup when it comes to pricing its products. Among the special considerations the industry must include are specialized packaging, transportation, and storage.

Packaging for chemicals needs to meet specific safety requirements. Drums, jerry cans, and other containers must meet safety requirements, sometimes requirements across borders if exporting products for sale in other countries. Specialized materials may also be needed for packaging to prevent reactions and leaking.

Transportation can also add costs onto the item that is over and above estimates for costs of goods. When determining shipping costs onto the item costs, you must estimate specialized containers, hazmat shipping charges, and other factors.

Lastly, storage fees may increase the cost of goods. Refrigerated storage may require specialized warehouses. Other storage considerations must also be taken into account for accurate pricing.

Best Practices: The True Cost of Chemical Manufacturing

Added to these clear-cut costs are the additional costs of health, human safety, and environmental safety. These costs may need to be estimated or amortized over the manufacturing run of one or many products, but they are important considerations nonetheless.

Some best practices to control the costs of manufacturing include:

  • Purchasing only the materials needed to fulfill confirmed orders. This avoids the costs of long-term, specialized storage.
  • Reduce inventory. Store only what is needed.
  • Increase environmental regulatory compliance.
  • Increase operational safety for workers.
  • Improve communications among facilities, warehouses, and business locations.
  • Use data to improve estimates, inventory management, and more.

Process Manufacturing ERP Data Improves Decision Making

Using a process manufacturing ERP system can help you improve decision making throughout the supply chain. The data derived from your ERP system can be used for:

  • Forecasting accuracy
  • Improving supply chain management
  • Estimating and processing orders
  • Boosting inventory management
  • Enhancing communications

To control costs, it’s important to use what you have in inventory first, in a first in-first out method of inventory control. It’s difficult to make inventory decisions, however, when you don’t have all the facts at your fingertips.

Sage EM (formerly known as Sage X3) can help. You can get more done in less time, using centralized data to track inventory, manage orders, and approve expenses. Inventory management becomes easier, as well, with tighter control over your inventory and the ability to see at a glance if items are available in other warehouses or locations in your company. With more data, more control, and better insights, you can control costs to boost profits.

Chemical manufacturing is an important industry that contributes millions of dollars to the economy and adds good jobs, too. With the right cost controls and management tips, you can improve profits and grow your business.

IWI Consulting Group

IWI Consulting Group helps businesses gain insights into their operations, inventory, and profitability. We provide software and support for a wide range of industries throughout Canada. For more information, please visit IWI Consulting Group or contact us today.

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Become a “People” Company with Sage Software

Sage PeopleSage software for Sage EM (formerly known as Sage X3) provides a valuable springboard for transforming your organization into a “People Company”. What is a people company? It is a company that uses data to focus on its employees—the people—first.

Future Trends: People-Based Companies

Sage conducted research among 500 human resources leaders. The company wanted to find out what made leading organizations so strong. Was it their products, services, or employees? It turns out that it’s a little of all three, but a lot of the latter—the people behind the organization. In fact, companies in the Sage software survey who ran far ahead of the pack because of their emphasis on people were dubbed “Gazelles” after the swift-running animal.

These companies have transformed their outlook and strengthened their businesses by focusing on the individuals that make up their companies rather than on outdated human resources policies and procedures. By putting people first, they end up making even more profit.

Human Resources Is Catching Up to the Rest of the Company

One thing that the Sage report noted is that the human resources department in many companies is still playing “catch up” to the rest of the company in terms of using data to make decisions. Marketing and sales use CRM data and other benchmarks to note progress toward goals and to improve their work; accounting, finance and operations also use extensive business intelligence to make decisions. The human resources department in most companies significantly lags behind other departments in terms of using data for its decisions around who to hire, how to manage people, and how to create sustainable personnel policies that support what people need rather than company desires.

The Findings: Leading Companies Use HR Software

Among the companies surveyed, high-achieving companies share one thing in common: the adoption and use of human resources software. Other impressive statistics among the fast-growing companies are the following:

  • 80% have HR automation software
  • 58% can report on personnel development
  • 93% plan to have roles such as People Scientist or other people-focused positions to sustain growth
  • 92% are developing a roadmap for “people” data
  • 46% are using people data and analytics for staffing decisions

What a People-First Organization Looks Like

As more companies adopt human resources software, people first will be the norm, rather than the exception. People-first companies put their workers ahead of other interests. They know that their workforce is their greatest asset and, if their workers are satisfied, their company will do well in the marketplace.

People-first organizations actively promote their workplace and are always recruiting, not just when there is a job opening. This enables them to attract and retain the best workers all the time, not just when there’s a vacancy available. Human resources in such organizations encompass roles that promote, market and sell the company as much as they attract, recruit, and retain the best people.

Will Your Company Make the Leap?

Will your company make the leap this year to becoming a people-first place to work? If you’re looking for a way to both boost your organization and improve profits, adopting a people-first policy can put you in the lead.

If you’re ready to make the switch, it’s time to investigate Sage software such as Sage People. Given that the most successful organizations responding to the survey indicate they have adopted human resources software, and that HR software rapidly becomes a strong point of competitive advantage, it makes sense to add it to your company’s suite of software solutions that use data for better decision making.

Sage People offers many advantages. It is a cloud-based HR software so you can access it anywhere, from any device that connects to the internet. It can help you manage all your HR operations.

Because Sage People synchronizes with Sage EM (formerly known as Sage X3), you can use the data from Sage People to enhance your current reports and analytics. It can give you an even better, broader, and deeper picture of your company when you add the human element to your data. Think about the ease and convenience of viewing all your company’s information in one place.

For more information on Sage software such as Sage EM (formerly known as Sage X3) and Sage People, contact IWI Consulting today.

IWI Consulting Group

IWI Consulting Group helps businesses gain insights into their operations, inventory, and profitability. We provide software and support for a wide range of industries throughout Canada. For more information, please visit IWI Consulting Group or contact us today.

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Exceed Expectations with Better Warehouse Management

warehouse managementExceeding customer expectations, rather than meeting them, seems like a big hurdle to jump. But with software such as Sage 300cloud (formerly known as Sage 300), keeping customers happy and satisfied is just one of the many attributes of using a comprehensive business management system.

It’s easy to get bogged down in warehouse operations at the expense of customer service. Things like cutting costs, improving accuracy, enhancing productivity, and other concepts, are, of course, important; but, all are for naught if they do nothing to enhance the customer experience.

The customer is, at the end of the day, the person who pays your salary. By their purchases, they decide whether they choose to do business with your company and whether they believe you are productive, efficient, and accurate. If not, they’ll take their business elsewhere.

How can you make the customer the center of your manufacturing universe? By creating a culture that focuses on the customer as the center of operations. Consider the many touchpoints you have with customers now and how each can be enhanced. By focusing on them singly, the collective whole can add up to a big difference.

Sales people can be a great source of information to assess the customer experience. Ask them:

  • How quickly are quotes produced?
  • Are the estimates accurate?
  • How many estimates turn into business?

Now, look at your ordering methods. Examine them from the perspective of your customer:

  • How was the online ordering experience?
  • Is it easy to place an online order?
  • Do the orders flow to your Order Entry Department?
  • If orders are not electronically connected to your order entry system, does manual data entry interfere with accuracy?

Another touchpoint is customer service. Find out the following information as part of your due diligence.

  • How quickly are their requests fulfilled?
  • Is there a standard method for addressing complaints?
  • Is it easy for customers to communicate with us?

Lastly, look at the shipping process. A lot can happen between the time an order is placed and the time it is shipped.

  • Are the orders on time?
  • Are the orders accurate?
  • What are the number of return orders and why?

When you begin the task of examining each of these points, it can feel overwhelming. Collect the information into a report that helps you understand where you’re doing well and which areas might have room for improvement.

Customers themselves will be only too glad to tell you where your services aren’t up to speed. Ask, but more importantly, listen to what they have to say. Constructive criticism can be difficult to hear but it is important if you wish to improve your processes.

Little things often make a big difference in the grand scheme of customer service. Your sales team may be wonderful and you may produce the best products in the world. But shipping delays, incorrect orders, and slow responses to fix problems can derail customer satisfaction projects.

If you do feel that your company has room for improvement, we have a suggestion for you. Sage 300cloud (formerly known as Sage 300) offers a scalable, flexible tool to help you keep track of all of your company’s information and, more importantly, use it to improve customer service. Exceeding customer expectations may be as simple as ensuring a consistent, timely response to inquiries thanks to Sage 300cloud (formerly known as Sage 300).

Sage 300 ERP

Sage 300 does more than offer business management and insights into your data. It offers a comprehensive structure for business data so that no matter which touchpoint a customer uses to connect with your company, they receive a consistent response. Formalized business processes can ensure consistent results for your customers.

Sage 300 offers a comprehensive financial management tool with excellent reporting capabilities. You can reduce time-consuming manual tasks, automate workflows, and more.

With the right tools, you can build anything. Sage 300cloud (formerly known as Sage 300) is the right tool for growing your business. IWI Consulting can help you with Sage 300cloud (formerly known as Sage 300) selection, implementation, training, and more.

IWI Consulting

IWI Consulting Group helps businesses gain insights into their operations, inventory, and profitability. We provide software and support for a wide range of industries throughout Canada. For more information, please visit IWI Consulting Group or contact us today.

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Ask the Right Questions About Potential ERP Systems

ERP SystemsSage EM Offers More for Growing Companies

Manufacturers exploring their options for adding enterprise resource planning systems to their companies need to be aware of many factors during the research phase of their project. Understanding just what an ERP system does, the features and benefits of each system, and how the system will integrate with existing systems is critical.

But perhaps, more importantly, is understanding how an ERP system is configured to work for the manufacturing industry. Software such as Sage EM (formerly known as Sage X3) is built with manufacturers in mind. It’s been tested with many manufacturing firms who have known, used, and benefited from its attributes over the years. Choosing software that’s used by other companies in your industry is one way to ensure that it has what you need to run your business efficiently.

There are several key questions to ask before choosing your software package. These include:

  1. Have you included all internal stakeholders in the software assessment process? The worst thing you can do is begin speaking with vendors and consultants about ERP systems without complete feedback from the entire team back at the plant or office who intend to use the system. Input from all areas within an organization is essential to help you choose the best ERP system for your needs. Without such input, you may be guessing when it comes to what the accounting department needs, for example, or misunderstanding the needs of other critical departments. Invite key managers and support staff to discovery meetings and take copious notes to help you form a “wish list” for a project scope. The more people you can invite to at least the preliminary investigation meetings, the better. They can offer valuable insights and guidance while you’re building support for the project. The more they invest into the process, the more invested they will feel with the outcome.
  2. Can you configure the system to your needs? Some systems can be used right out of the box, but others require custom configuration. How easy or difficult it is to make these tweaks is an important part of your decision-making process. It’s also important to consider just how extensive the tweaks must be before you have a system you’re satisfied with. Changing a system to the point of being unrecognizable from the original solution defeats the purpose of shopping for an ERP system in the first place. You might as well build an entirely custom system for the amount of time and money extensive configurations will use. Balance the need for configuration with the need for an ERP solution to meet your requirements as much as possible “off the shelf,” without any tweaks or changes. When the balance shifts in favor of an off-the-shelf system, with minimal customization needed, you’ve probably found a worthwhile solution.
  3. Is this a system built for the manufacturing industry? ERP systems can be made for general business purposes or specific purposes, such as manufacturing. If a system is too general, it won’t include the functionality that you require to run your manufacturing business. There are many ERP options made with manufacturers in mind. Don’t settle for a generic option. Too much customization on an ERP system may lead to inefficiencies. It is better to begin with the right solution than to fit a square peg into a round hole.

Features of an Enterprise Resource Planning System for Manufacturers

Some of the features found within an enterprise resource planning software built specifically for the manufacturing industry include:

  • Supply chain management and visibility
  • CRM (customer relationship management)
  • Stock reports and inventory management
  • Production planning and control
  • Barcode generation, tracking, and routing
  • Inventory management and reports
  • Billing and managing complex billing cycles
  • Managing complicated production cycles

You may need to add your own features to this list. Different manufacturing areas require different things. But, in general, tracking from order entry through fulfillment and production is a “must” for manufacturers.

Sage EM (formerly known as Sage X3), ERP Built for Manufacturing

Among the many ERP software packages available, Sage EM (formerly known as Sage X3) is built for the manufacturing industry. It’s a powerful, flexible software that grows with your business. Sage EM (formerly known as Sage X3) centralizes data for easier management and access and provides excellent reports using multiple data sources. You can integrate business processes into a series of manageable workflows. And because Sage EM (formerly known as Sage X3) is cloud-based, you can take it with you—on the road, to your customer’s workplace, on a work from home day, or whatever you need.

Clearly, there are many enterprise resource planning software packages available. But only a handful are created especially for manufacturing with all the tools you need to build a better business. Sage EM (formerly known as Sage X3) has this—and more.

IWI Consulting

IWI Consulting Group helps businesses gain insights into their operations, inventory, and profitability. We provide software and support for a wide range of industries throughout Canada. We can help with Sage EM (formerly known as Sage X3) selection, implementation, training, and more, as well as other software packages to run your business. For more information, please visit IWI Consulting Group or contact us today.

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What Does Sage People Help You With? Plenty!

Sage PeopleSage People is a human resources management system that can transform how you manage the people at your workplace.

People are your greatest asset. The right people in place at your company can propel growth, fuel innovation, and exceed customer expectations. To attract and retain the right people, however, you need to manage benefits, payroll, job functions, and more within your company, in a way that’s beneficial to employees and time-saving for your company.

That’s where Sage People comes into the picture. It’s a flexible, fully functional human resources management system that can help you manage all of your HR functions in one place.

What Does an HRMS System Do?

HRMS systems have been around the business world for several years now. They do not take the place of your human resources department, but they can save the team in HR considerable time and effort by offering:

  • Employee Self Service: Employee Self Service refers to a system that allows employees to request time off, review their pay history, update contact information, and complete other routine tasks from a dashboard available through a web browser. Employees can access and review much of their personal information in a secure format without having to interrupt someone in the HR department for help. Information such as current salary, benefits recipients, job description, and more can all be added to an Employee Self Service portal that takes a great deal of the routine tasks off of the HR department’s plate.
  • Benefits Enrollment: Another area that often takes up considerable time is benefits enrollment. Choosing a healthcare plan, setting up a 401K plan, and other benefits can also be managed through a secure portal. Step-by-step wizards, similar to those employees are already familiar with on other popular sites, make it easy for people to step through the enrollment process.
  • Benefits Management: HRMS systems can also provide benefits management services. You can eliminate duplicate data entry, data entry errors, and other mistakes that can slow the benefits management process down.
  • Time Management: If tracking employee hours, vacation time, personal time and unused/used sick days isn’t your cup of tea, then an HRMS system may be just the thing to cure your time-tracking blues. Automating time tracking frees up an enormous amount of—you guessed it!—time for your HR team.

These are just a few things that an HRMS can do. Sage People, along with the Sage EM (formerly known as Sage X3) business management system, can make a big impact in your human resources department.

Features of Sage People

Sage People offers many features that will save your company time, money, and hassle. These include:

  • HR Analytics: No more flipping through file cabinets and spreadsheets to find exactly what you need. Look up employee information, benefits, and more with the click of a mouse.
  • Payroll and comprehensive benefits management: Generate reports, define benefit eligibility criteria, track the use of various benefits packages, and more with one comprehensive benefits management package.
  • Manage time off: Accurately track and manage time off using computerized reporting systems.
  • Talent acquisition: Speed the advertising, recruitment, selection, and on-boarding of candidates using social and traditional processes.

Is It Time to Make a Change?

Human resources, like every other aspect of your manufacturing business, benefits from technology enhancement. Technology automates many aspects of our work, and human resources teams can save a great deal of time and effort by using HRMS systems. When the tedium of daily tracking is removed from their plates, your HR team can focus on finding the next talented warehouse managers, marketing directors, and more.

IWI Consulting

IWI Consulting Group helps businesses gain insights into their operations, inventory, and profitability. We provide software and support for a wide range of industries throughout Canada. Our software includes Sage products such as Sage People, a human resources management system, and Sage EM (formerly known as Sage X3), a complete business management system. For more information, please visit IWI Consulting Group or contact us today.

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Sage X3 Enhances Visibility in Food and Beverage Manufacturing

Sage X3Transparency, visibility, accuracy, and accountability are all the new watchwords in the food and beverage manufacturing industries. Sage X3, a business management system, is a software tool that offers manufacturers the information they need to successfully compete in the global market.

Global Supply Chain Challenges Solved

The food and beverage industry has become increasingly globalized over the past several years. Product ingredients may include wheat from Manitoba, preservatives manufactured in the United States, spices grown and dried in India, and packaging components from Europe. All of this makes tracking supply chain inputs and visibility into your supply chain vital.

If one link in the chain must be tracked to its source, you need immediate access to the data in your system. Disparate systems or logs kept in spreadsheets can take too long to review manually and can be difficult to cross-reference.

An enterprise resource planning system such as Sage X3 brings all data into one business management system so you can query the database and receive accurate answers. You’ll know if Supplier A provided the food dye or Supplier B, whether Contractor G made the packaging or Contractor H. It’s all easily accessed in the system. In the event of a recall or a problem, you can see at a glance which vendor you need to contact.

Meet Compliance Regulations

Understanding food and beverage manufacturing compliance regulations is vital for your business and it’s likely that you’ve got a good handle on it already. However, it can be challenging to keep up with changing regulations. You must educate your staff, your vendors, and your customers.

A business management system can help you disseminate information more quickly to those who need it. Keeping appropriate information ready to share with regulators, consumers, and others is an important step in the compliance process. Enterprise resource planning systems can help you track, control, and monitor information with the goal of meeting regulations.

Improved Sales Forecasting

One of the major challenges facing the food and beverage industry is sales forecasting. Inaccurate forecasting can lead to wasteful spending and deficits that are difficult to close. Reducing costs, minimizing wastes, and keeping inventory to a minimum are the goals of many manufacturers.

Sage X3 brings together all of the discrete systems in your company so that you can access a comprehensive picture. When financial and sales data are included with production and shipping information, you can make more accurate forecasts about sales, expenses, and more. All of this leads to less waste and improved profits.

Sage X3: Food and Beverage Manufacturing Enterprise Resource Planning

Sage X3 offers your company comprehensive business planning with specific functions pertaining to the food and beverage industry. For example, you can manage recipe formulations in the enterprise resource planning system by lot, batch, or discrete quantities. It’s easier to monitor shelf-life using an ERP system. Systems such as Sage X3 also support flexible measurement and packaging capabilities, so you have the option of changing your product offers based on needs. This quick response to customer demands can set you apart from others in your industry.

IWI Consulting Group helps businesses gain insights into their operations, inventory, and profitability. We provide software and support for a wide range of industries, including food and beverage manufacturing, throughout Canada. For more information, please visit IWI Consulting Group or contact us today.

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Do You Control Your Inventory?

Sage X3Controlling inventory can feel like riding a wild, untamed horse across a rocky cliffside trail. At this precise second you’re still in the saddle holding the reins, but at any moment the horse could plunge off the cliff and take you with it.

Inventory control can feel just about as scary. Are you in control of your inventory, or is it controlling you?

Software such as Sage 300cloud (formerly known as Sage 300) can help you take back the reins and guide your inventory to a safer, saner place. There are several other tips and tricks you can put into place to manage your inventory better. With software like Sage 300cloud (formerly known as Sage 300) and these steps, you can sit back and enjoy the ride.

Inventory Control Tip #1: Build a Stock List

Building a stock list can be the first and best step towards inventory control. A stock list helps you keep track of all the items in inventory as well as their costs and retail price points. With a stock list in hand, you can make smart decisions about how, when, and why to sell items.

Let’s face it—your company manufactures products to sell, not to store them in the warehouse. Yet if products are piling up in the warehouse you need to find a way to move them quickly. That’s where a stock list comes in handy.

A stock list is a list of products, annual orders, total quantity ordered annually, and the total annual cost of goods sold. When you begin tracking items in this manner, it’s easy to see at a glance what you should keep more of in your warehouse and what should be liquidated. Knowing the cost of goods (COGS) can help you make smart decisions that won’t break the bank.

Inventory Control Tip #2: Sell Off Old Products

Unsold inventory accumulates dust, not interest. Although on the balance sheet it may be listed as an asset, in truth it’s a liability since it costs more to store unsold inventory over a long period of time than it costs to manufacture it in the first place (in most cases). Therefore, it is to your advantage to sell any lingering inventory as quickly as possible.

How companies determine when to liquidate stock varies according to the company and the products it sells. Some may choose to maintain low levels of slow-selling yet unique items to please specific customers. Others may feel that six months is too long to hold onto anything. You’ll need to develop internal policies that help you create a consistent method of dealing with unsold inventory.

If you choose not to put items on sale or steep discounts, there are other ways of cleaning out your warehouse and moving unsold items. You can:

  1. Transfer items to a holding warehouse until you can figure out how to sell them.
  2. Recycle parts or materials into new products.
  3. Return items to the manufacturer.
  4. Use unsold goods as a marketing tactic; add them onto other product sales as a free gift with purchase or freebie to please your customers.
  5. Offer items as an incentive (buy one, get one).

Selling below COGS is never ideal. If you’d prefer, you can often donate items to a charity or not for profit. Although not all items can be donated, many can find a home with charities such as Habitat for Humanity, Goodwill, your local food bank, and the like.

Inventory Control Tip #3: Prioritize Warehouse Items Around Best Sellers

A stock list can help you organize your warehouse according to the best sellers. Best sellers or briskly selling products should be located near the shipping area to save time. Other items can be organized in the warehouse according to your stock list. Use the stock list to create a logical pattern in your warehouse where frequently sold items are near the shipping area and bins, racks, shelves, and pallets are neatly organized and labeled so everyone can find what they need.

With a complete stock list in hand, you’re in control of your warehouse. You’ll know where everything is located, how much it is worth, and how long it’s been in the warehouse. With that knowledge comes power—the power to manage your inventory so that it no longer manages you. Take back control of your inventory today.

Sage 300cloud (formerly known as Sage 300)

Sage 300cloud (formerly known as Sage 300) reduces inefficiencies and puts the power of information right at your fingertips. With Sage 300, you can manage all aspects of your business including accounting, finance, marketing, sales and customer service all from one dashboard. It improves information sharing, communications, and visibility while ensuring that everyone can access shared data through cloud-based resources.

For more information about Sage 300cloud (formerly known as Sage 300), visit IWI Consulting Group.

IWI Consulting

IWI Consulting Group helps businesses gain insights into their operations, inventory, and profitability. We provide software and support for a wide range of industries throughout Canada. For more information, please visit IWI Consulting Group or contact us today.

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Sage X3 Helps Chemical Manufacturers Stay Competitive

Sage X3In the brisk, profitable world of chemical manufacturing, maintaining a competitive edge is critical to your company’s success. Sage X3, a business management or enterprise resource planning (ERP) software, can help you keep that competitive edge. It’s a cost-effective solution that can help chemical manufacturers maintain total control over production without sacrificing speed or quality.

Excellent Business Support for Chemical Manufacturers

With over 3,205 chemical manufacturers in Canada exporting an average of $38 billion in products, chemical manufacturing is a vital component of the Canadian economy. Prince Edward Island, Newfoundland, and Labrador are some of the fastest-growing areas of chemical manufacturing. And even though most of the manufacturers or 91% have under 99 employees, some companies have scattered workforces worldwide with offices in multiple countries and continents.

Such a bustling industry needs tools that can keep up with its growth. That tool is Sage X3. Some call Sage X3 a business management tool but others know it as enterprise resource planning software or ERP for short. Sage X3 offers built-in process manufacturing software to help you maintain quality and improve profitability.

Sage X3 enables you to manage every aspect of your company’s business processes worldwide from one central point. It is cloud-based software, which means that you can access it from any internet connection worldwide. An office in London, another office in Paris, and your headquarters in Toronto can all view the same information on the system thanks to real-time data synchronization.

Profitable Businesses Use Data to Make Decisions

The chemical industry is about 73.5% profitable, according to government figures published online. That means there is room for improvement. The usual truism is that to improve profitability you must decrease costs, increase sales, or both. Sage X3 can help with all of this and more.

Sage X3 enables you to manage data across the supply chain. Keep up to date with distribution data, monitor costs, and use this information to negotiate better rates with suppliers. Real-time information on the manufacturing process helps you maintain high quality which in turn satisfies customers. All of this translates into cost savings, increased sales, and higher profit margins.

Product and Process Consistency

Perhaps one of the most important attributes of the chemical manufacturing industry is the necessity to adhere to standard processes and product consistency. Product consistency and quality are essential to producing high-quality ingredients for a variety of applications.

Sage X3 can help you maintain both consistency and quality throughout your product line. Manage procurement, production, and shipping fluctuations using the data from Sage X3. Keep up to date with compliance requirements and other changes, too.

Financial Management Across Multiple Locations

Lastly, Sage X3 can help chemical manufacturers manage accounting and finance across multiple time zones and currencies. It can keep your books balanced across all lines of business and connects sales with accounting, finance, warehouse, procurement and more.

Chemical manufacturing in Canada is thriving thanks to smart business management, hard work, and an understanding of what drives the competitive marketplace. You can maintain your competitive edge with Sage EM (formerly known as Sage X3). For more information about Sage X3, contact IWI Consulting Group today.

IWI Consulting

IWI Consulting Group helps businesses gain insights into their operations, inventory, and profitability. We provide software and support for a wide range of industries throughout Canada. For more information, please visit IWI Consulting Group or contact us today.

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How Much Do You Really Know About Your Employees?

Sage PeopleSage People for Sage EM Helps You Understand People to Improve Processes

Consider the Sage software you use at work. It provides accurate, real-time insight into everything from your company’s progress towards goals to its financial health. You can track warehouse and inventory status, customer information, and more.

But what about … your own employees? How much do you really know about the people contributing to your company’s bottom line, the people running the forklifts in the warehouse, and the people answering the calls in the customer service department?

Tracking human resources information is the purview of a new breed of software called human resources information management. Sage software now offers Sage People for Sage EM (formerly known as Sage X3), a new generation of human resources software that helps you gain insights into the people who work for you so that you can create a better workplace.

Reducing Turnover Improves Profitability

High turnover rates can hurt productivity and profitability. Compensation Force reports that the average turnover rate in the manufacturing and distribution industry is 16%; this percentage is high compared to other industries, which range from 10% to 18%.

There are many estimates on the actual costs of employee turnover. Certainly, there is a loss of productivity. A vacant position means that work isn’t getting done or that existing employees must work harder to complete the tasks of the vacant position.

Recruiting, screening, and hiring talented people also takes time. Even when you do have someone hired, you’ll still need to wait until they’re fully trained in their new roles before their productivity improves to the point that things are ‘back to normal’.

Understanding your company’s turnover rates and the ratio of voluntary separation to involuntary separation can provide valuable insights on the cost of turnover within your company. Once you understand what the turnover rates are, you can take steps to lower turnover rates and improve productivity.

Factors Leading to High Turnover Rates

What are the factors that lead to high turnover rates? Poor training, little room for advancement or salary increases, and a stressful work environment contribute to turnover. But one little-known factor can influence turnover more than you think: unfulfilled employees.

Employees whose skills aren’t used may feel unchallenged, dull, and bored on the job. These employees may end up seeking employment elsewhere if they feel as if their talents go unrecognized or unused.

It can be difficult to spot employees whose skills are underused. Knowing your employees and the skills that they bring to their jobs can help you determine who may be ready for a challenge.

Increasing Employee Engagement

Another way to reduce employee turnover is to increase employee engagement. Many employees cite professional development, training, and educational opportunities as items that increase their loyalty and engagement with their companies and their jobs.

Adding professional development opportunities to your workplace doesn’t have to be time-consuming or expensive. It begins by understanding your employees. What do they want and need from professional development activities? Planning training and development is easier when you understand what people want and need.

Better Human Resources Management Begins by Knowing Your People

Better human resources management begins by understanding your employees. When you understand their skills and strengths, their motivators and their training needs, you’ll be able to create a workplace that will satisfy their needs and retain employees longer. By doing so, you will then reduce turnover, improve productivity, and enhance profits.

It sounds easy but, of course, it takes time. It also takes knowledge. Knowledge empowers you to make smart decisions and actions as you manage the talent around you.

Sage People for Sage EM (formerly known as Sage X3)

One way to enhance your knowledge of the people around you is by managing and tracking employees using Sage People for Sage EM (formerly known as Sage X3).

Sage People is more than simple human resources management software. It offers you the ability to use data to manage, motivate, and inspire employees. Sage People offers workforce visibility software that can help you track employees worldwide. Review skills, communicate, motivate – it’s all possible with Sage People for Sage EM (formerly known as Sage X3).

Built and hosted on the Salesforce App Cloud, Sage People for Sage EM (formerly known as Sage X3) connects you at a personal level to employees. Instead of creating one-size-fits-all human resources policies and training, Sage People for Sage EM (formerly known as Sage X3) enables you to fully understand what employees need and build tailored programs around their needs.

For more information on Sage People for Sage EM (formerly known as Sage X3), contact IWI Consulting Group. We can schedule a demo or answer your questions about the latest Sage software, Sage People for Sage EM (formerly known as Sage X3).

IWI Consulting

IWI Consulting Group helps businesses gain insights into their operations, inventory, and profitability. We provide software and support for a wide range of industries throughout Canada. For more information, please visit IWI Consulting Group or contact us today.

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New from IWI: Sage Live

Sage LiveThe latest Sage software release, Sage Live, offers exceptional benefits for small and midsize businesses. Now with one single dashboard, you can manage all parts of your business and view important information. It brings efficiency and simplicity into the complex business environment as only Sage software can do. With the cloud technology of Sage Live, you can unleash the power to grow.

Many ERP systems are now moving to the cloud, so what’s different about Sage Live? Sage Live is built on the Salesforce platform, so you can link your sales, accounting, banking, invoicing, and payments with the world-leading Salesforce CRM. You can customize your solution even further by connecting to over 3000 apps on the Salesforce App Exchange.

Sage Live, the Latest Sage Software for Business

Sage Live offers many benefits. These include:

  1. Improved efficiency: Eliminate repetitive or low-value tasks. Sage Live can help you conquer repeat tasks so that time is freed for more productive things.
  2. Single solution: A single solution eliminates the needs for a bevy of software packages. Multiple software solutions may not integrate easily or at all, and it can be time-consuming to share data among them. A single Sage software package like Sage Live enables you to have one whole, integrated solution without hassle or custom programming.
  3. Real-time information: Analyze and run your business the way you want to with real-time information. Sage Live updates immediately so that no matter when, where, or how you access the system, you’ll get accurate real-time insights.
  4. Your business, your way: Redefine how you run your company. It’s your business, so run it your way! Sage Live enables you to work remotely or for staff to work from home. Mobile access via cloud technology helps you run your business on the go from any internet-connected device.

Features of Sage Live

Sage Live offers features tailored to small and midsize business. Features include:

  1. Single view: Access all of your company’s data in one place. Use that data to derive business insights for growth and maximum potential.
  2. Global accounting: A powerful, real-time accounting software package offers multi-lingual support that meets your country requirements. Get a consolidated view of your global business.
  3. Improved communications: Sage Live connects users through a common interface so that you can share and receive information from team members and individuals from within the program
  4. Multidimensional analysis: Use real-time tracking to measure, monitor, and analyze your business performance across multiple metrics.
  5. Customizable dashboard and reports: View your dashboard and reports the way you want to – you can customize both in the system.

IWI Consulting

Contact IWI Consulting Group for more information about Sage Live and how it can benefit your business. We provide software and support for a wide range of industries throughout the Toronto area. For more information, please visit IWI Consulting Group or contact us today.

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