How to increase GP with ERP Software

Introduction

In order to increase profit, I think a business should track GP for every order they process. In order to track and improve GP, your business needs accurate cost figures applied correctly as goods are fulfilled and dispatched. It’s harder to do when Order Management, Finance and Operations are all working in silos and information is maintained separately and put together by manual linkage and reporting at month end. Often it’s hard and inaccurate to put together.

Summary

Here is is why an integrated ERP software will help you track and improve GP in real-time.

1. Measure the cost of of goods sold

• Easily said than done with varying supply chain & shipment costs including freight, duty, storage fees, other charges. Procuring goods and applying landed cost correctly is a must and must be performed when goods are receipted in inventory. For Inbound shipment, we wrote a Container Management solutions to make it all easier for companies to do this.

2. Track your delivery/freight costs

• Your delivery/freight costs may eat up margins, specially dispatching large goods shipped Australia wide or to remote locations. Over length, tail gates, fuel levies charges, if not estimated correctly all add up to eating up GP. We wrote an integration with SmartFreight® to allow you to price up over 600 carriers in Australia, NZ wide

3. Tracking manufacturing costs

• Tracking manufacturing costs, harder to do for custom work with variable routing, overhead and component cost. We wrote a BOM costing solution with production scheduling to track and measure this. How many can we make and what it will cost? These tools will help you price up goods and track true work order fulfilment costs.

AVT NetSuite ERP software solution is committed to solving the “improve” GP problem for businesses. To understand how, learn more and create your business transformation workbook at AVT NetSuite Implementation and Deployment Page.

With over 32,000 customer globally, over 200 AVT Clients, and increasing, get your personalised ERP transformation Workbook on Oracle NetSuite Evaluation Discovery. Our service and support plans will typically get you live in approx. 90 days and so you may focus on getting your business globally integrated as soon as possible.