One of the biggest differences between ERP fulfillment systems and purpose-built WMS systems happens during implementation (both initially and ongoing). Although, most companies don’t realize this until much later, when they hit one or more of these breaking points:

• Order volumes get out of hand
• A new location(s), ecommerce marketplace, or sales channel such as a D2C is required
• Teams are spending too much time onboarding new hires and seasonal staff
• High turnover and shipping costs ignite that “Oh-$*%#!” moment

That’s when a company realizes that the time, cost, and learning curve to implement new functionality into their legacy system just can’t sustain the pace at which their needs are pulling them.

ERP inventory fulfillment, out of the box?

Inventory fulfillment solutions in an ERP are designed to implement “out of the box”. But what’s included in that box? Is the solution part of one big (rigid) product suite? Or a platform of modular, flexible supply chain solutions that can adapt to your changing needs?

Each ERP module requires a great deal of complexity, time, and cost to implement–usually 6 months or longer. Modules are not designed to work with other applications outside of their own.

The assumption is that the ERP applications will talk to other supply chain applications and work perfectly… and that all the costs associated with that initial implementation will cover everything you’ll ever need. [Spoiler alert: NOT true.]

A loose definition of “free”

Out-of-the-box ERP fulfillment functionality may work for smaller organizations where the volume of orders is low, there are fewer complexities in their supply chains, or they have tons of time/IT expertise on their hands. If you know you will not need much custom development work as your customers’ needs evolve, then the ERP’s fulfillment solution may suffice.

One must look deeper into the bundled licensed agreement to understand the additional needs and other modifications that will be required, to determine if the module is truly “free”.

What does your ERP’s fulfillment solution offer in the way of:

• Business strategy: reactive or proactive? Near- or long-term?
• Up-front design focus: business-centric or warehouse-centric?
• Scaling: modifications require custom work with the vendor (or their consultants)? Or easy, pre-built APIs for third-party apps?
• Go-Live time: 6+ months or 90 days?
• Training and support: rollout + hand-over only, or the same team focused on your goals from implementation through all customizations, modifications, integrations and upgrades?

ERP vendors only invest in new features about every 2+ years. They can’t possibly predict (and build in) all the functionality you’ll need until you are ready for the next big product release.

System modifications are not easy in any sense of the word. So they often get put on hold. In the meantime, you can expect stability problems, growing pains, missed opportunities, and a high risk of the system going down—usually at the worst possible moment.

Just think about the level of uncertainty and change we’ve seen in the past 2 years! Considering the total jump in ecommerce of 14.2% for 2021, this sheer growth in order volume is a perfect example of why you need a stable system that allows modifications much faster and easier.

WMS, scalable out of the box

If your company is growing fast and wants a complete understanding of all hidden costs, time to value, adaptability, and a clear idea of total cost over time, a modern WMS that integrates with your ERP is the best choice. These solutions focus on scalability and flexibility from the ground up, versus a product suite that boxes you into the common needs of companies “like” yours.

A focus on long-term business value during the design process is a hallmark of modern WMS software. A tremendous amount of expertise goes into the up-front design to ensure that the WMS solution will be:

1. Easy to learn, during initial rollout as well as future capability upgrades, with new-user onboarding in under 15 minutes
2. Free of problems with system stability, interoperability, and security
3. Configured to your specific goals and processes, rather than force fitting your business into the vendor’s pre-defined functionality
4. Focused on results, market responsiveness, continuous improvement, and scaling without extra fees

What to look for during a WMS software evaluation

A good sign that the platform is truly “out of the box” is if the vendor can provide ALL of the following prior to starting your project:

• A detailed plan that models your unique operations
• Demonstrated knowledge of interoperability with existing applications, including your ERP and third-party supply chain applications
• KPIs tied to your unique customers’ needs
• Access to in-house expertise and existing tech partnerships (not third-party consultants) included in the contract
• Success stories with metrics specific to your challenges
• Detailed ROI calculations of ALL costs, including a clear maintenance, support, and upgrade process with no surprises
• Names and contact information for the implementation team, who will be the same team you work with always

When you’re ready to actively begin your WMS software comparison, here’s a free RFP template on what to ask in your evaluation.

 

Energy costs are one of the biggest expenses that businesses face. Whether you’re running a small start-up or a large corporation, the cost of energy is a significant expense that can impact your bottom line. Therefore, it’s essential to compare business energy rates and get the best deal possible. In this article, we’ll go over how to do it like a pro.

Why Compare Business Energy Rates?

The energy market is highly competitive, which means that there are many different energy suppliers to choose from. By comparing business energy rates, you can find the best deal for your business and potentially save a significant amount of money. Energy prices can fluctuate depending on a range of factors, including market trends, the time of year, and the type of energy you use.

Business energy comparison can help you to identify the cheapest supplier for your business. This means you can take advantage of any potential savings and keep your energy costs as low as possible.

How to Compare Business Energy Rates

There are several steps that you should follow to compare business energy rates effectively. Here’s what you need to do:

Gather your energy usage data: Before you start comparing energy rates, you need to gather your energy usage data. This will give you an accurate picture of how much energy your business uses, and what your energy costs currently are. You can find this information on your energy bills, or by contacting your energy supplier.

Compare different energy suppliers: Once you have your energy usage data, you can start comparing different energy suppliers. There are several comparison sites available online, such as Energy Helpline and Compare the Market that can help you to find the cheapest deals.

Look beyond the headline rates: When comparing business energy rates, it’s essential to look beyond the headline rates. Some energy suppliers offer fixed-term contracts, while others offer variable rates. You need to consider which option is best for your business, based on your energy usage and budget.

Consider the length of the contract: You also need to consider the length of the contract when comparing business energy rates. Some suppliers offer short-term contracts, while others offer longer-term contracts. You need to consider which option is best for your business, based on your energy usage and budget.

Check the terms and conditions: Before signing up with an energy supplier, it’s essential to check the terms and conditions. This includes any exit fees or penalties that may apply if you need to terminate the contract early. You also need to check if there are any hidden fees or charges that may not be apparent from the headline rates.

Negotiate with suppliers: If you’ve found a supplier that you’re interested in working with, you may be able to negotiate a better deal. This is especially true if you’re a large business that uses a lot of energy. By negotiating with suppliers, you may be able to secure a better deal than what is advertised.

Consider renewable energy options: Finally, it’s essential to consider renewable energy options when comparing business energy rates. Many suppliers offer green energy options, such as wind and solar power. While these options may be slightly more expensive, they can be a great way to reduce your carbon footprint and demonstrate your commitment to sustainability.

What are the Most Common Mistakes People Make When Comparing Business Electricity Prices?

While comparing business electricity prices is essential for any company, there are some common mistakes that people make during the process. Here are some of the most common mistakes to avoid:

Failing to gather accurate data: One of the most significant mistakes people make when comparing business electricity prices is failing to gather accurate data on their energy usage. Without this data, it’s impossible to accurately compare rates and determine the best supplier for your business.

Only considering price: While price is an essential factor when comparing business electricity prices, it shouldn’t be the only factor. You need to consider the length of the contract, the terms and conditions, and any additional services offered by the supplier.

Not checking contract terms: When comparing business electricity prices, it’s essential to check the contract terms carefully. You need to be aware of any exit fees, renewal clauses, and notice periods, which could affect your ability to switch suppliers or negotiate better rates in the future.

Not considering the reputation of the supplier: While it’s tempting to choose the supplier with the lowest prices, it’s important to consider the reputation of the supplier. Look for suppliers that have a good track record of customer service, billing accuracy, and reliable supply.

Overestimating your energy usage: Another common mistake people make when comparing business electricity prices is overestimating their energy usage. This can lead to choosing a supplier that isn’t the best fit for your business, and you could end up paying more than necessary.

Ignoring green energy options: Finally, it’s essential to consider green energy options when comparing business electricity prices. While these options may be slightly more expensive, they can be a great way to reduce your carbon footprint and demonstrate your commitment to sustainability.

In conclusion, comparing business energy rates is an essential step for any business that wants to save money and optimize their energy usage. By taking the time to research and compare different energy suppliers, you can find the best rates and services for your business. To do it like a pro, you need to gather accurate data on your energy usage, consider more than just price, check contract terms, consider the supplier’s reputation, accurately estimate your energy usage, and consider green energy options.

When comparing business energy rates, it’s essential to keep in mind that the cheapest option isn’t always the best option. You need to consider the length of the contract, the terms and conditions, and the supplier’s reputation to make an informed decision. By avoiding the common mistakes people make when comparing business energy rates, you can find the best supplier for your business and save money on your energy costs.

In today’s business environment, optimizing energy usage and reducing energy costs is more important than ever. By comparing business energy rates like a pro, you can ensure that your business is getting the best possible deal while minimizing your environmental impact. So don’t wait, start comparing energy rates today and take the first step towards a more sustainable and profitable future for your business.