Better ordering processing makes everyone’s life better. From the people in your office, to your warehouse, to your customers – streamlined, effective order processing makes people happy.
Distributors, manufacturers, and wholesalers rely on B2B orders from loyal customers. What Customers Want in a B2B Order Site – is the question businesses should be asking. In order to retain repeat customers and gain new customers, innovative solutions have to be attained and implemented. Now Commerce helps businesses stay ahead of advancing technology, by offering a cloud based add-on for QuickBooks Pro, Premier, and Enterprise users.
QuickBooks integration with our Now Commerce Platform gives businesses a B2B e-commerce platform for managing online ordering. Within our innovative software are portals where sales reps, managers, and B2B customers can get access to advanced tools which simplify and enhance the ordering process.
The Lean Enterprise Institute defines Lean as “creating more value for customers with fewer resources.” Embedded in this simple definition are a couple of important concepts, the first of which is the focus on value creation. A fundamental principle in the application of Lean is the relentless elimination of waste, defined as any task or activity that does not add value, so that value creation is the sole focus of the organization. The second concept embedded in the definition above is that the customer is the one who determines value. The entire organization must be aligned on the customer’s expectation of value and strive to do everything necessary to meet that expectation.
We introduce the above definition to make the larger point that Lean shouldn’t be reduced to a series of tools that are applied in an “ad hoc” manner within the business. The various Lean tools were born out of a customer- and performance-focused culture, not vice versa. Long story made short, it’s important to build the right mindsets and behaviors into the organization.
With that as background, there are numerous Lean tools that can be applied to the benefit of the business and some of these tools will be more applicable depending on the circumstances. With that in mind, here are a few thoughts on when to introduce certain Lean tools (we recognize that the list below is not exhaustive...we welcome comments based on your experience):
Having a difficult time choosing which type of QuickBooks software is right for you? One of the great things about QuickBooks is that there are multiple versions to meet any needs. Whether you're a startup or established, whether you sell products or services, there's a QuickBooks for you.
However, all those options can sometimes make for a difficult decision. There's QuickBooks, Premier, QuickBooks Pro, QuickBooks Enterprise. There's even QuickBooks Online. How do you know which one is right for you?
You may be tempted to go with the least expensive option. That's usually QuickBooks Online, which starts at $12.95 per month and offers access to QuickBooks from any device. You may even consider QuickBooks Pro, which is installed on your computer and starts at $249.95.
While those two options may seem like the most cost-effective choices, they won't provide you with all the functionality you need to manage a wholesale online ordering system for your business. They can handle basic functionality, like invoicing, balancing the books, and processing payments.
For a wholesale business, though, you need a more robust solution - one that can manage inventory, prioritize shipments, and provide insight into your operations. There's only one QuickBooks solution that can provide all of that functionality - QuickBooks Premier.
QuickBooks Premier Features
QuickBooks Premier is loaded with features that just aren't available on QuickBooks Pro or QuickBooks Online. These options may not matter to some businesses, but they're critical if you're dealing with inventory and shipping product to numerous customers.
Manufacturing and Wholesale Version
QuickBooks Premier lets you customize your software to your industry. It's available in six different industry-specific software packages:
• General Business
• Manufacturing and Wholesale
• Professional Services
For wholesale businesses, the Manufacturing & Wholesale package is a perfect fit. It has custom features that will help you better manage your inventory, pricing and shipment. Some of those features include:
• Inventory reorder point. You can set predetermined reorder points for your entire inventory. QuickBooks will automatically keep track of your inventory. When the item reaches the reorder rate, QuickBooks will allow you to print a report that specifically shows all items that are ready for reorder.
• Product profitability. Choosing the right products is a constant challenge. You want to provide options for your customers, but also want to maximize your profitability. QuickBooks Premier helps you with that by tracking your profitability on every product you sell. You can then run a report on your product lines to see where you're making money and where you're not. That will help you make more informed decisions about which products to carry.
• Order prioritization. There are some orders that simply have to get out the door as quickly as possible. Without an organized system, your shipping process can easily become convoluted. QuickBooks Premier lets you prioritize shipments and sales orders. You can then print reports so you can give your team instructions on which orders need to be filled as quickly as possible.
QuickBooks Premier also has a business planner tool that isn't available in QuickBooks Pro or QuickBooks Online. The business planner helps you build a complete business plan according to the template suggested by the Small Business Administration. That's the format that most lenders look for when you apply for a loan or line of credit.
Once you've completed your business plan, you can also use that information for internal planning. You can print custom reports, like income and expense projections or profit and loss summaries. You can also graph that information to make clean and clear presentations.
It may be tempting to save money with QuickBooks Online or QuickBooks Pro. However, if you're in wholesale, you really need QuickBooks Premier. It can help you manage your inventory, prioritize shipments, and gain insight into your business so you can make informed decisions.
Already using QuickBooks? Ever thought about how an order system that integrates with QuickBooks could improve your business? Learn more by requesting a demo below or view our video on our homepage. We would also love to hear about your experience with all the different QuickBooks’ platforms and which one you think is best! Just leave us a comment below.
Everybody loves taking a new order from a customer. It’s in the fulfillment of the order that things can get a little dicey. If your business is like most, you haven’t quite found the perfect streamlined system for fulfilling customer orders as efficiently as possible.
One of the biggest problems for B2B companies is dealing with data entry errors. You're perhaps one B2B business that still uses antiquated wholesale order management software requiring manual data entry to get financial information coordinated.
For your fulfillment center, this can lead to vast confusion, especially when they have to call you to see why you have discrepancies on record.
Lean methodologies and streamlined business processes are catch phrases that merely describe how businesses are trying to simplify systems, increase sales, and create long-term sustainability. Many times innovation is simply making good business sense; what this means for wholesalers is: the need to focus on upgrading their wholesale ordering systems. Here are 3 reasons an upgraded wholesale ordering system equals increased sales.
QuickBooks allows you and your company to keep track of a wide variety of things, but it also has limitations, especially in wholesale order management. One of the biggest of these limitations is that it isn't normally accessible to everyone who needs it. Salespeople on the road, fulfillment center personnel, and others are forced to call or email the main office with updates and requests for information. This isn't just inefficient - it leaves many openings for errors to creep in.
Fortunately, combating this problem is far easier than it seems. It just takes integrating QuickBooks with an add-on made especially for wholesale order management. Here are some of the things such an integration can do for your operations:
QuickBooks order management is limited to use within the organization. The popular on-premise accounting solution has many benefits for SMBs, yet an on-premise solution does have limitations. With recent upgrades and a hosting option offered by QuickBooks Enterprise, internal users have more flexibility and accessibility, yet it still lacks functionality for independent sales reps and B2B customers. With that said, let's discuss the benefits of upgrading QuickBooks order management by integrating it with software-as-a-service order management.
Innovative technology is changing the way businesses operate and how they interact with customers. This is a simplistic statement, which means different things to different industries. For wholesalers, distributors, and manufacturers, this means an upgraded customer-facing interface with practical implications. Meeting customer expectations for retailers vs. wholesalers involves the difference between their integrated order management systems.