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5 Guaranteed Business Suggestions 90% Restaurants Underlook but the Top 10% Don’t 

Restaurant Management ERP /

Restaurant Businesses are thriving around the world. However, only a certain percentage of them make it to the top. Have you wondered why? What different do they do to reach that level? How did a once-newborn business reach the pinnacle? Of course, the quality of food matters, but is that it? Is it enough for a restaurant to touch the sky? No. Their strategies, Restaurant Management Software, business environment, the attitude of staff, etc. are all that make a difference.   The hospitality industry has been among us for several decades and is expected to stick around and grow. Therefore, there are exponential opportunities for a restaurant to grow. You just need to know where you are lacking and what these top 10% of restaurants do that you don’t. Study their journey and implement whatever you can in your business.   This blog is all about the top 5 factors you underlook but can boost your business and make you one of the top 10% of restaurants making the most money.   Get a Suitable Restaurant Management Software   This is the most obvious and basic thing that successful businesses do but many businesses overlook it. To save a few bucks, several restaurants choose to work in silos which adds to their complexities instead. They do not realize how much of their potential is at stake if they work on disparate systems instead of Restaurant Management Software. It is recommended to choose a unified Restaurant Application that provides all the basic and advanced necessities on the same platform. Make sure your Hospitality Management System uses the same data center, so you don’t spend hours finding the relevant data. A unified system can do wonders for your business. Restaurants such as Hard Rock Cafe, KFC, Haldiram’s, Tokyo Sushi, etc. use a unified Restaurant Management Software called LS Retail, an extension to Microsoft Dynamics 365.   Investing in the Latest Technology  Implementing the latest technology is one of the most common things the top ten percent of successful businesses always consider. Since they must manage many tasks while cutting costs, they prefer automation. They installed a Restaurant Management System which updates automatically where no maintenance and upgrade is required by the team. Instead, everything is managed by a third-party service provider. For instance, KFC has implemented LS Retail which is a unified Restaurant Management Software providing a set of tools customized to target their needs. The upgrade and maintenance are managed by the implementation partner and the data security is taken care of by Microsoft Itself. Being hosted on Microsoft Cloud Azure, they do not have to worry about viruses, threats, and malware.   Contactless ordering and Billing  The contactless trend increased during COVID which encouraged contactless technology such as Point of Sale Software. Businesses such as Haldiram’s (with a net worth of $100 million) offer faster and more accurate services using this Restaurant Management Software. A POS is not just limited to taking orders and bills, but also managing their inventory, purchasing and supplier management, and managing customer loyalty. Many businesses don’t realize it, but it can help them in the long run, just like Haldiram’s.   Getting Accurate Insights   This is one of the most undervalued aspects of most businesses, but enterprises make full use of it. They rely on analytics tools such as Power BI, which collects customer interactions from all the touchpoints to turn them into actionable reports. These reports help them to make master strategies such as loyalty programs, deals, offers, coupons, changes in restaurant policies, etc. These insights also help in connecting with the customers emotionally; when you remind them what they ordered last time and how much they appreciated their feedback, the customer feels being cared for. This is when it becomes a great opportunity for restaurants to drive the most reliable promotion tactic i.e., word of mouth by their customer.   Empowering Staff with Devices   It is no shock that the hospitality industry faces the highest employee turnover rates. A successful business retains its staff and keeps them motivated. Giving them handheld devices connected with your Restaurant Management Software will save a lot of their time and keep them motivated. They can work to their full capacity and will have enough energy to greet each customer with enthusiasm.   There is a reason why some restaurants make it to the top 10% and the rest don’t. They just don’t ignore the underlooked aspects of the business. They get the best technology in their reach, utilize their data, avoid silos, invest in the right Restaurant Management Software, and so on.   Successful businesses such as KFC, Barbeque Nation, and GO Grill use Microsoft Restaurant ERP Software, which is also known as LS Retail. If you wish to implement LS Retail Software Solution, Contact Trident Information Systems, a Diamond LS Retail Partner and Gold D365 Partner.   

5 Guaranteed Business Suggestions 90% Restaurants Underlook but the Top 10% Don’t  Read More »

Do Not Make These Mistakes or You Can Lose Massive Sales Opportunities In This Festive Season

Retail ERP Software /

Many merchants discovered the hard way that the busy holiday shopping season would overwhelm their e-commerce platforms. The holiday season was often a textbook illustration of how not to do business, from shipping the wrong product to canceling orders owing to stockouts to making returns of broken goods challenging. There is no doubt that many merchants still have a lot to learn about selling – and keeping customers pleased – across various channels. Successful businesses use robust technology such as ERP software for Ecommerce to keep up with the uncertainties and smooth out the sales process.   #1 Do Not Make Promises You Know You Can’t Keep   On December 10, Anna is browsing an established retailer’s online store. She chooses to get the ideal lamp for her brother. The order has been accepted, and delivery will take place in 5 working days. An email notifying Anna that her order had to be canceled owing to stock availability was sent to her a week later. We apologize for any inconvenience caused. Please accept our apology. Now that Christmas is just a few days away, Anna doesn’t have a present for her brother and doesn’t have time to go out and get one. But at least she has the store’s sincere regrets! That will improve everything right away!  Quick Fix: Integrate Your Channels with ERP software for Ecommerce  For their consumers’ buying experiences to be seamless, retailers that offer omnichannel shopping must link their channels. In the event that your channels are not connected, you can sell something on your online store only to discover after the fact that it is genuinely out of stock. Because the e-commerce portal uses the general ledger to retrieve real-time stock information, a system with true omnichannel integration, like LS Retail ERP software for eCommerce, ensures that your online store always contains up-to-date product information.  #2 Delivering the Wrong Item   When Marco discovers that the shorts he ordered online have arrived in time for his sun and sea vacation, he is overjoyed. But as soon as he opens the package, he sees the sizing is off. He double-checks his order: even though he marked XL, a Small was received instead. He will never be able to change the thing before his departure because he is departing in two days.  Quick Fix: Get Visibility into the Value Chain   Retailers lose an average of 4.4% of their sales due to customer returns. Returns frequently occur for causes outside the retailer’s control. However, you only have yourself to blame when you are the reason. Even if not all returns can be avoided, an effective ERP software for Ecommerce can help lower the risk of returns by, for instance, guaranteeing that consumers who make online purchases receive the precise item they bought – in the right model, color, and size.  #3 Not Interacting with the Customers Very Well   Linda purchased an evening gown online, but it arrived late. She worries that she might not have it in time for her new year’s celebration. She tries to follow the order, but the website doesn’t provide a way for her to do so. Linda emails customer service, but all she gets in return is an automated message saying, “Thank you for your email. We will investigate your issue after learning about your difficulty and expressing our concern. Warm regards. A few days later, Linda calls customer service but doesn’t get a clear response. She requests that they postpone the dress and makes the decision to go downtown and buy whatever she can find at the mall at the last minute.  Quick Fix: Keep Communication Channel Open   How would your customers know if you did your packing and shipment on time if you didn’t tell them? Your level of communication defines the level of gratification your customers will get. The best strategy is to stay true and provide transparency for building trust between you and your customers. Always be straightforward with your customers even before they start purchasing from you. Imagine how humiliating it will be for your customers to see a message that states, “extra charges for bulky items”, or “we only ship in Canada” after making a purchase. Avoid making these mistakes.   Mistakes are common. However, to avoid big mistakes you must employ ERP software for eCommerce. Prefer a platform that combines Retail ERP and CRM at the same time, like LS Retail ERP. If you wish to implement LS Retail Software Solution, you can Contact Trident Information Systems, a Diamond LS Retail Partner.

Do Not Make These Mistakes or You Can Lose Massive Sales Opportunities In This Festive Season Read More »

ERP for Electronics Manufacturing

5 Powerful Ways to Boost Hi-tech Manufacturing Production Instantly!

ERP for Electronics Manufacturing /

Electronics get sold and outdated quite easily in the market. A trend quickly starts and finishes in the blink of an eye. This keeps Hi-tech electronic manufacturers under utter pressure to produce just what customers will buy. According to IBISWorld, global electronics is a $1.6tr industry that has grown 4.6 % in the year 2022 itself. Being highly lucrative, new plants emerge but many shut down because they fail to keep up with the pace. Many succeed with the right ERP for Electronics Manufacturing.   Strong and accurate analytics play a key role in deciding what to produce and what not to produce. However, often, manufacturers don’t know how to plan their resources and manage their productions due to a lack of visibility. Many work with traditional disparate systems of management which further adds to their complexities. What to do? It is highly recommended to invest in a Unified Electric Manufacturing Software Solution which provides all the necessities on the same platform. One of the finest and most renowned examples of this cause is Microsoft Dynamics 365 Finance and Operations. It is a unified ERP and CRM which combines a unique set of tools to match your business requirements. Furthermore, you can access its robust analytics to plan your production.   Incredible Hacks to Boost Your High-tech and Electronics Production   Whether it’s make-to-order, assemble-to-order, and configure-to-order, you can fulfill these orders with excellence. Despite having fluctuating challenges, you can still win the race with the following hacks:   Invest in the Latest ERP for Electronics Manufacturing  Modern problems need a modern solution. In this case, you must invest in an extensive technology that fulfills all your needs. If you are still working on silos, you are draining 40% of your resource potential. It’s best to invest in ERP for Electronics Manufacturing. Look through your options and find the best. This is critical to immune you from current and upcoming challenges. The latest technology is designed to have all the features you need to thrive rather than just survive. You can either invest in an ERP and CRM separately or employ a unified software like MSD 365 which supports ERP and CRM capabilities at once.   Automation is the Key to Maximum Productivity   These days rapid financial and regulation changes are common, and so are shrinking product life cycles and global sourcing challenges. With automation, you can reduce errors and time in an operation. With analytics tools like Power BI, you get accurate reports in minutes. You can further manage material and plan demands effectively, purchase and manage inventory, and a lot more. If you choose ERP for Electronics Manufacturing by Microsoft, you can manage multi-country, multi-management, and multi-level manufacturing from one place. Multinational Financial account becomes a piece of cake with no human error.   Reinforce Your Staff with Hand-held Gadgets to Boost Their Productivity  Allow your staff to access real-time information on inventory with hand-held devices providing real-time inventory information. Let your staff plan inventory replenishment strategies. Such devices not just save their time but also boost their confidence. They can plan faster and communicate requirements to the person concerned quickly. Since they do not have to work too much on this part, they have enough time and energy to follow other critical aspects of your business. They can manage and place inventory in the right place. With Dynamics 365 F&O they can plan your warehouse’s floor-space utilization. Find the best way to store your hi-tech inventory.   Read the Market Carefully  This is one of the most critical aspects of any manufacturing plant. What is the point if you are not clear about what to produce and how much to produce? How much raw material should you order according to current or future demands? Make sure you use robust analytics to predict current and future demands. You must also foresee the upcoming challenges and plan a way out already. Analyze your previous interactions with customers and check what they liked. You can and must take their feedback to find shortcomings in your electronic items and how you can develop a better product. You can read market news, analyze various data and create reports but there is a high chance of errors. You can give this task to an automated technology like Microsoft ERP for Electronics Manufacturing and let it create reports for you.   Engage your IT Team in Developing More Valuable Assets  Make sure you make full use of your IT team. Do not engage them in monotonous management and maintenance of your system software. Instead, engage them in developing new and effective applications to serve your business. They can create an application to bridge the communication gap between you and your customers, or an application targeting a specific need like attendance. You can optimally utilize your IT team when they do not have to worry about constant management and maintenance of your business management software. It’s best to employ an ERP for Electronics Manufacturing like Microsoft Dynamics 365 where your implementation partner is entirely responsible for your system’s maintenance and upgrade.   Grow with Microsoft Dynamics 365 Finance and Operations   Microsoft Dynamics 365 has something for SMEs and enterprises. You can customize a unique set of tools assembled just for your business and let the Implementation partner manage all the related chores. It is important to find the right D365 Implementation Partner with a strong track of accomplishments. That’s why Trident is the best partner in the market. With 20+ years of serving various business ventures, we have gained an excellent reputation and a high customer retention rate.   We are Microsoft Dynamics 365 Gold Implementation Partner and LS Retail Diamond Partner. If you wish to implement Microsoft ERP for Electronics Manufacturing, Contact Us Today! 

5 Powerful Ways to Boost Hi-tech Manufacturing Production Instantly! Read More »

Win Customers with On-Time Delivery!

Transport Management Software /

ERP for Transport and Logistics is just what you need if you want to work smarter (through linked operations) and experience tremendous flexibility and scalability in your daily operations (while keeping up with current trends). Dynamics 365 for Logistics gives you the necessary visibility across your customer service, sales, marketing, and distribution systems, enabling you to create goods and processes to satisfy the various demands of the market and your consumers. Along with accelerating product debuts and providing flexibility in delivery times and plans, you can also make production management simpler.  You may manage your company’s transportation with Dynamics 365 for Logistics. You can also find vendors and routing options for receiving and delivering orders. It also facilitates:  Planning inbound and outbound transportation effectively is crucial because of the intense price (and market) demands that exist today. You should look for ways to reduce your operational costs through process improvements. Enhancing inbound and outgoing transportation is one approach to saving costs. You can effectively optimize the shipping procedure while placing orders with vendors or sending goods to customers (based on the due date, cost, and equipment capacity).  How to Ensure On-Time Delivery with Dynamics 365 for Logistics?  You often have a variety of delivery alternatives for cargo when accepting or dispatching goods to and from vendors or consumers. These are often determined by specific commercial constraints like delivery deadlines, transportation expenses, or travel distance. Regardless of the method or route you select, on-time delivery (at the lowest possible cost) becomes necessary. Dynamics 365 for Logistics examines every element that directly or indirectly affects delivery time and gives you the option of taking the shortest path. You must look after the other aspects to ensure prompt delivery.  Enable Accurate Shipment: Ensuring flawless order fulfillment is one of the key goals of any Logistics and Supply Chain Management Software. ERP for Transport Company carefully assesses the various shipments and enables you to achieve precise dispatches every time by determining the origin of a sales order based on client needs and stock levels at business locations. Therefore, Dynamics 365 for Logistics has all the answers to your questions about whether it makes sense to move inventory from one factory location to another before goods are shipped to the destination or if it makes more sense to ship to the destination, say, from the closest factory.  Find and select the most lucrative careers: With its cutting-edge Business Analytics, Dynamics 365 for Logistics enables you to connect to sizable, established networks of suppliers and carriers, saving you time and money. It chooses the most profitable and appropriate suppliers and vendors by sorting through thousands of them. Obtain a comprehensive overview of all the current carriers, compare them to one another and benchmarks, and evaluate their performance over time to determine if the carrier network you intend to select is operating at its peak potential.  Ensure Real-time Visibility: ERP for Logistics Operations goes beyond simple transportation issues to give everyone who needs it real-time access to the entire order and delivery process, including supply chain and transportation staff as well as managers of procurement, warehousing, and production scheduling. You can save expenses, boost supply chain efficiency, and optimize purchasing decisions thanks to this role-based visibility. This visibility also enables you to spot and address process flaws that lead to supply chain variability, providing you with previously unheard-of control over orders as they travel.  Ensure Accurate Replenishment: One of the most important duties in transportation management is replenishing your inventory. With Dynamics 365 for Logistics, you can configure a minimum/maximum replenishment strategy-based replenishment process. When inventory goes below the minimum level (which you designate), the location will automatically receive replenishment. Alternatively, you might enable demand-based replenishment, which would look for open demand replenishment tasks first when it is triggered. The quantity required will then be subtracted from any demand replenishment that meets these requirements. A new demand replenishment work order will be produced if the quantities on an existing demand replenishment work item are insufficient to satisfy the new demand.  Late delivery can break your business. Customers have become impatient due to one-touch accessibility to almost everything in the world. They have multiple brands sweeping off their feet trying to impress them. Late deliveries can ruin everything for you. To avoid it, you must implement Dynamics 365 for Logistics if you are looking for an implementation partner, Contact Trident Information Systems, a D365 Gold Partner, and LS Retail Diamond Partner.

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5 Strategies to Draw More Business Using Customer Insights for SMEs!

dynamics 365 business central /

Customer insights play a massive role on the success of a business. Enterprises like Tesla, Tesco, Deepmind, HR Wallingford, Spotify, etc. also use customer insights to create appealing offers and drive more business. Accessibility to customer insights is not limited to large-scale organizations, but SMEs too. You need the right Business Management Software like Microsoft Dynamics Business Central that provides accurate and updated customer reports you can use to make successful business strategies.   A Report by Mckinsey revealed that even though customer insights are still undervalued, businesses are likely to see a better performance. Businesses that extensively use customer insights are:  93% more likely to make more profit than their competition.  82% more likely to have more sales in the market.  112% more likely to have higher sales performance.  115% more likely to have an increased ROI.   Why are customer insights so important? Because profit is the blood of your business and customers are the energy source. Most businesses cash-on on pleased customers. To keep customers happy and coming back, you must understand them first. What do they want? And how can you give them whatever they want? Try connecting with them emotionally if possible.   You do not have to buy whole new analytic software for this case. You can instead use Microsoft Dynamics Business Central which comes with robust analytics features.    What Can You Get with Microsoft Dynamics Business Central Insights?  Microsoft Dynamics Business Central is a cloud-based ERP and CRM providing the most accurate insights. It offers all the basic and advanced tools your SME needs to level up in a competitive market.   This Business ERP can be customized as per your business with linked applications like Power BI. After Microsoft Dynamics 365 Implementation, you have a scope of:  Boosting client and customer engagement.  Acknowledging customer requirements while keeping the data safe.   Boosting Customer Interactions while reducing turnaround times.   Increasing the number of product launches on time.   Finding new opportunities to develop and sell a new product.   boosting customer retention rates.   Declining overheads.   How to Make More Profit with Customer Insights?  If used wisely, customer insights can bring tremendous growth potential to your small-to-mid-sized enterprise. Some of the strategies to bring more profit are:   New Product Development  Customer insights play an important role in product development. You must carefully analyze your previous customer interactions and take note of important aspects. You can also get their feedback on your existing services and find new ideas to develop new products. Or instead of manually doing so, you can use Power BI Service powered by Microsoft Dynamics Business Central which extracts data from all the touchpoints, filters it, and creates actionable and insightful reports. This is a much faster, easier, and more accurate alternative to those traditional methods.   Existing Product Improvement   Being critical for your existing product’s development needs, you can and must collect customer feedback. You can use Business Intelligence Tools to analyze feedback and find common errors. Or you can simply perform this manually. It is recommended we use a Business ERP like Microsoft Dynamics Business Central which can do the entire process on your behalf within minutes.   Improve Customer Support  Going deeper into your customer interactions can lead you to a trove of opportunities to boost customer support. You can look for the following:  Areas to enhance resource allocations – there could be sometimes of the day when you are either overstaffed or understaffed. This happens a lot in the hospitality industry.   Areas where you need to train more – sometimes the customers are not handled appropriately by executives, and you need to train them to do better next time.  Areas that require more Self-serve options – customers can land on a page where most asked questions are answered.   With customer insights at hand, your management team can make necessary improvements that lead to either increased sales or overall efficiency.   Improve Customer Communication   Customer insights are a wonderful way to spot customer-business communications gaps. Do your customers know all the channels to connect with you? Just because you have mentioned it in your newsletter, does not mean the message is through. Use customer insights to find other aspects your customers are unaware of. You can engage your research team on the project or use Microsoft Dynamics Business Central for more accurate insights automatically.  Generate Customer Reference   You can also utilize that knowledge more directly to expand your business if you don’t need or want to ask the clients you know are delighted with your service for reviews, testimonials, or case studies. How? Simply by incorporating a procedure whereby you ask contented consumers whether they know of anyone else who might take advantage of your services.  You can say that since your company’s growth depends on word-of-mouth, you would appreciate it if they could forward this request to a couple of their contacts or even make an introduction.  Insights play a huge role in making a business grand. It shows how well you serve your customer. Although insights are a bit undervalued, they still hold a massive impact on how your customers see you. There are multiple ways you can use them to make impactful strategies. You can extract insights manually, but it’s not recommended as it’s very time-consuming and prone to errors. You should instead look for a more accurate and faster solution like Business Intelligence Tools derived by Microsoft Dynamics Business Central.   If you are looking for Microsoft Business Central Support or Microsoft Business Central Partner, you can Contact Trident Information Systems. We are a D365 Gold Partner and LS Central Diamond Partner. With our experts, we have helped various ventures grow exponentially. If you want to expand your small business, Contact Us Today!

5 Strategies to Draw More Business Using Customer Insights for SMEs! Read More »

Maximize Profit with Automatic Finance Management and Visibility!

Microsoft Dynamics 365 /

As soon as your business starts growing, make sure you manage your finances quickly, extensively, and cohesively. The key to surviving and thriving in the market is your financial decisions derived from the data and reports you have. Make sure you have Finance Management Software that keeps your financial management agile and adaptable to the ever-changing market conditions. D365 Finance and Operations is one of the most used Finance Management Platform across the world. Its    Why Do You Need Financial Visibility?  World economies are expanding through globalization. Because of this you need to cope with the rivalry to last long. To ensure you produce sales, in the long run, your business needs robust financial planning. Implement a Budget Software which can:   Enable upcoming financial planning and fund acquisitions.   Ensure economic stability.   Boost your organization’s overall value and profitability.   Get accurate data to support your financial decisions.   Optimize workflow to allocate funds and resources.   How to Build a Lucrative Finance Management Strategy?  Finance management includes the practice of controlling, setting up, and managing your financial resources to achieve business goals. This may include various aspects revolving around expenses, profits, losses, etc.  To build a profitable finance management, you must check the following boxes   Planning finances based on forecasts while using tested functions to achieve financial goals.   Prioritizing long-term initiatives.   Creating plans based on market dynamics, your business model, and goals.   Effective finance management ensures accurate data your team can use to make effective financial plans to achieve goals. D365 Finance and Operations provides accurate business and market analysis to help you invest in the most lucrative options.   How Does D365 Finance and Operations Help Manage Your Finances?  Dynamics 365 Finance and Operations suite provides a single platform where you can avail yourself of all your finance management tools. The best part is, it evacuates the scope for siloes and enables a single source of truth. Its analytics tools enable real-time data to understand your financial shortfalls which you can use to make high-yielding financial strategies. It also provides the following capabilities:   Boost Your Financial Decision Making   With real-time visibility into your finances and robust analytics, Dynamics 365 Money Management Software helps you make logical decisions with the most accurate data. D365 Finance and Operations access your business’s conditions and enhance financial controls to foster growth and agility with embedded analytics, AI-driven insights, Power BI, and Financial Reporting.  Automates and Unified Your Business Processes  With this Money Management Software, you can minimize costs while optimizing spending throughout various business geographies using budget control, process automation, and financial planning and analysis. Automation speeds up your monotonous and siloed operations while freeing up your finance staff. You can boost your profitability by engaging them in other high-yielding tasks. Furthermore, this will also spare them enough time to research and plan more precisely.   Cuts Global Financial Risks and Complexities   D365 Finance and Operations helps you comply with your business location’s policies in almost all countries. Therefore, it is even suited for businesses having chains in different countries. Furthermore, you can centrally view, manage, and control all your businesses from the headquarters. You can avail yourself of guided, rule-based charts of accounts with no-code configuration services only to de-complexify regulatory reporting, global payments, and electronic invoicing.   Reduces Costs and Enables Strategic Impacts  With agile financial planning, process automation, budget control, and accurate analysis, you can easily find unnecessary spending and cut it likewise across various business geographies.   Provides Excellent Data Security and Back Up  Being hosted on and by Microsoft Azure Cloud, you can expect bank-level security from hacking, theft, malware, and viruses. Microsoft has assigned over 3000 technical experts to work 24/7 to keep your system and data safe. Once you associate with D365 Finance and Operations, you never have to dread data loss as it is backed up automatically on the cloud. It is easily uploaded and retrieved.    What Do D365 Financial Tools Ensure?  D365 Budget Management Tools ensure all your requirements for smooth financial operations are met. It simultaneously cuts manual labor, errors, and possible redundancies. Some additional features may include but are not limited to:   Visibility into all received and sent payments.   Coordinating expense statements, income statements, and balance sheets.   Maintaining different accounts and being able to search them easily.   Promising data security and integrity.   Tracking and updating the records of all your liabilities and assets.   Making an accurate and full-fledged audit trail.   D365 Finance and Operations helps integrate core components with the least disruptions providing high-quality and real-time visibility into your business’s finances. If you are looking forward to implementing this Financial Management System Software, you can Contact Trident Information Systems, a D365 Gold Partner and LS Retail Diamond Partner.  

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You Will Never Dread Inflation Again with ERP Software for Retail

Retail ERP Software /

You are already aware that the rising inflation rate is having a detrimental effect on consumers and businesses. As prices for everything, including food, electricity bills, and household goods, soar to record highs, everyone is feeling the effects. Trade associations, particularly among poorer households who are more vulnerable to the effects of inflation, like the National Retail Federation (NRF) in the US, which monitors industry changes, emphasize some of the ways that these kinds of events alter consumer behavior. Retail industry leaders too are impacted by the situation. However, they can use it as an opportunity with ERP Software for Retail. With Retail Business Software, retailers can make ground-breaking profits in inflation with attractive policies.   Even though it’s challenging to predict exactly what will occur in the coming months, we do know that the retail business has survived and, in some circumstances, even thrived throughout prior recessions. Analyst McKinsey provides a more optimistic analysis of the situation, saying that “retailers may convert these obstacles into opportunities – if they make bold, strategic decisions.” These decisions are typically influenced by retailers’ digital transformation journeys, (ERP Software for Retail) which aid them in acquiring the transparency, knowledge, and abilities required to safeguard margins and promptly address shifting customer and corporate demands.  In light of this, the following five technological strategies can help your business become more resistant to inflation and other issues in the future:  Order Only What Will Sell  It might seem obvious that you must stock the necessary items but is it that easy? Without real-time insights, you cannot understand what items will sell at a specific time. Implement ERP Software for Retail which allows live market updates and statistics to help you analyze the right strategy for upcoming sales. LS Retail ERP will help you analyze the sentiments and spending patterns of your customers to provide them with the best deals during inflation.   Furthermore, ERP for Retail will help you identify present and future buying trends and upcoming shortfalls in your supply chain. Reinforcing your business with retail analysis helps you understand your customer’s patterns, which will be useful for your marketing planning.   Set Reasonable and Appealing Pricing   To attract customers, you do not have to sell your products cheaply all the time, nor must you run a marketing campaign most of the time. Your customers may perceive your brand otherwise and may not even want to pay enough for the full price for your products.   Instead, with ERP Software for Retail and its analytic tools, use this time as an opportunity to reset your promotional strategies. You can think of creative ideas of how you can provide products to customers at reasonable prices while saving your costs and profit margin.   A UK-based retail company, Sainsbury’s, did just that. They introduced new pricing pledges during the inflation as it eased the financial pressure on customers while helping them make more profit. This way not only did they bond emotionally with them but also managed to make a profit. CEO Simon Roberts said that they have invested £60 million to lower the prices so their customers could get exclusive offers and meal deals on budget.  Improve Your Staff Performance with ERP Software for Retail   It doesn’t take long to see that high staff turnover continues to be a significant concern for merchants in this sector. The average staff turnover rate in retail, according to NRF, is over 60%, which is significantly higher than the average for other industries, which is approximately 19%. The expenses incurred due to all those people joining and leaving your payroll quickly mount up. Recruiting, recruiting, onboarding, and training consume time and resources from store management and cost your company money. What can you do, then, to entice the greatest employees, maintain their productivity, and motivate them to stay with you?  A cutting-edge POS Software Solution undoubtedly helps. It not only enables you to organize and monitor employee schedules, but it also provides you with a comprehensive picture of costs and results. With this knowledge, you can handle brief and overstaffed times, identify high performers and reward them, and give those who require tailored coaching and guidance.  Filter Your Omnichannel Strategies   Retailers are preparing for less foot traffic in their businesses due to rising energy costs and gasoline and fuel costs. According to a poll by Alvarez and Marsal’s Consumer and Retail Group (CRG), more than half of consumers usually or exclusively shop when they truly need something, which results in fewer trips to the store and more things being purchased in bulk per transaction.  In these circumstances, maintaining a connection with your consumers and enticing them to do business with you depends on having a seamless physical and digital presence. Make those experiences count whether customers are visiting your business less frequently or shopping online less frequently. McKinsey provides the following illustration of what this coordinated shopping experience may entail: Retailers can access all of our omnichannel chances to place an order and pick it up using ERP Software for Retail, which will also assist you with navigating and offer you visibility into the goods in the shop. You are welcome to use a QR code to conduct product research while standing in the aisle.  Inflation hits every business but retail the hardest. Retailers need ERP Software for Retail during this time to accurately analyze the market and supply chain. LS Retail provides a complete ERP and CRM suite to help retailers thrive even during inflation. If you are looking for an LS Retail Implementation Partner, you can Contact Trident Information Systems. We are a Gold Microsoft Dynamics 365 Implementation Partner and Diamond LS Central Partner. For further details Contact Us Today!  

You Will Never Dread Inflation Again with ERP Software for Retail Read More »

Ghost Kitchens is the New Trend!

cloud kitchen /

Around the world, cooking establishments that prepare food specifically for delivery orders are springing up in cities and towns massively. By 2030, the global market for this so-called ghost, dark, or virtual kitchens is predicted to reach US$1 trillion. They are getting enough attention from different IT companies to provide the latest and most robust Cloud Kitchen Management Solution to support this industry.  A few years ago, at the same time when popular food delivery services like Deliveroo, Uber Eats, and Door Dash started to take off, these delivery-only restaurants without any spaces for dine-in customers started to appear. Restaurant owners understood that serving a completely new group of mobile consumers just required a kitchen or a portion of one. Renting expensive eating locations, hiring wait staff, or any other costs associated with operating a restaurant were not necessarily extra costs. They only needed to join a meal delivery app, set up a kitchen somewhere, and start serving food. Customers who place delivery orders for pizza or noodle dishes might not even be aware that the restaurant they are ordering from does not exist.  To meet the rising demand for home delivery, fast food chain Burger King recently opened its first ghost kitchen in the UK. Just like previously, customers can order meal delivery from the new site in North London. The only distinction is that they cannot pick up their order or eat in.  It is a pattern that is accelerating. Ghost kitchens and the mobile delivery applications they live through are upending the whole notion of what it means to operate a restaurant because more people than ever are ordering meals to be delivered to their homes. Therefore, enforced delivery services are growing quicker and more convenient.  Why Do Cloud Kitchens Stand Out in The Cut-Throat Competition?  Takeaways have been around much longer than smartphones and delivery apps. However, ghost kitchens are expanding on the idea of distant dining. No storefront, no front-of-house personnel, and no waiting or seating space are present. In contrast to a restaurant, they can be found anywhere if couriers can reach them. Successful Cloud Kitchen owners implement data-driven strategies and Cloud Kitchen Management Solution.  In abandoned parking lots and warehouses, Deliveroo’s ghost kitchen concept—ultra-affordable prefabricated buildings dubbed Rooboxes—is there. Then some organizations provide commercial cooking spaces in densely populated locations ready for businesses to put up their delivery-only restaurants, such as Mission Kitchen, Cloud Kitchens, and Kitchen United.  In some instances, a single kitchen might act as the central location for several virtual restaurant establishments, with cooks preparing different cuisines under one roof. They need a suitable Cloud Kitchen ERP to streamline their operations. Both big companies who see the promise of this new business model and individual operators searching for a low-cost arrangement use this model with ERP for Cloud Kitchen Technology.  How to Make Profit with Ghost Kitchens?  Uber Eats claims that restaurants that put up “ghost kitchens” can boost sales by 50%. Deliveroo is expanding its international rollout of ghost kitchens because of its promising scope. Make sure you implement Cloud Restaurant Software which provides real-time visibility and data analysis to make the right decisions. Given below are a few ways to make a profit out of your cloud kitchen business.  Create a plan using the data   To understand typical consumer behavior and potential untapped opportunities in terms of what markets you should target, what kind of menu you should offer, and what third-party operators would be most suitable for you, research demand and identify market gaps, or if you already run an F&B operation, use your restaurant analytics. To top it off, make sure you employ Cloud Kitchen Management Solution. Establish commercial kitchen facilities adjacent to your busiest delivery locations. By reducing the delivery distance, you will be able to serve more clients who desire food. Is demand significant? To estimate whether you would require more than one kitchen, determine your typical meal preparation time and throughput.  Present a menu holding up during the transportation   Every item you prepare in your cloud kitchen must be just as delicious as the food you serve in your actual eateries. This means that you must find methods of transporting your food that will keep it warm while preventing sogginess. The people from the original restaurant who are familiar with the food, how it should be cooked, and how it should be presented may also need to be included in each new ghost kitchen to maintain the quality to your standards.  Get the Appropriate Cloud Kitchen Management Solution   You need a Cloud Kitchen Management Solution that can interface with third-party delivery operators and allow you to track the source and timing of orders if you want to ensure error-free and prompt service. Incoming orders must also be sent directly to the kitchen so that your chefs can begin to work right away and have a clear understanding of what to make and in what order.  Use Business Intelligence to analyze Your data  Finally, the current and future of your hospitality business depend on a data analytics platform like Power BI. You will minimize waste, correctly reorder ingredients, and increase revenue every day. Long-term decisions on menu items, price, or even where to open new sites can be based on a solid foundation provided by transparent business data.  The secret ingredient to any successful strategy is using the latest technology. A Cloud Kitchen Management Solution like LS Central provides a set of tools to ensure streamline your operations and assist in providing the best customer service. Being hosted on Microsoft Azure Cloud, it ensures maximum safety and security. If you are looking for Cloud Kitchen Software Implementation, Contact Trident Information Systems, a Gold D365 Partner, and Diamond LS Central Partner. 

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6 Hacks Boost Profit in Your Steel Manufacturing Business with D365

Steel Manufacturing /

Manufacturers looked at boosting customer happiness and productivity optimization separately until a few years ago. However, digital disruption is fundamentally altering how manufacturers conduct business. By utilizing Advance Steel Software, they are bringing about transformative change throughout the organization to enhance product quality, reduce time to market, and satisfy a variety of client expectations.  Dynamics 365 for Manufacturers and Distributors provides deep insight into the supply chain and manufacturing lifecycles, warehousing specifics, and delivery schedules to meet these challenges. Improving visibility, increasing efficiency, and reducing costs are three of the top concerns for manufacturers. Purpose-built apps provide easy access across departments like finance, sales, customer service, and supply chain operations by combining company activities into one comprehensive solution. Increased production and profitability are made possible by having crucial data at your fingertips. Continue reading to learn about the top 6 hacks to boost your profit with Dynamics ER for Steel Industry:  #1 Reinforce Your Plant with Agile Project Management  Nothing is more annoying than a poor project management approach. In the United States, $122 million is lost for every $1 billion invested owing to subpar project performance. You won’t be able to accomplish the project’s objectives if you can’t see the correct cost, effort, and income metrics throughout the entire project.  Imagine being able to track the performance of every manufacturing operation you have (in terms of timely execution, quality, and cost) using Power BI reports on production performance. Alternatively, you may analyze, monitor, and approve all projects that have a financial or time impact using user-friendly dashboards. Then, by controlling important KPIs and assuring profitable service delivery, you can react swiftly to scope changes and project hazards. With the help of D365 Advance Steel Software, you can accomplish all of this in addition to enabling intelligent and pertinent skill-based assignments, accurately measuring utilization, and making wise decisions to make the most of billable resources.  #2 Stay Updated on Various Aspects of Your Business   Business excellence is fueled by visibility into the whole production process. You can never get visibility into end-to-end operations if you can’t gather, integrate, and visualize global supply chain data globally. Only 44% of supply chain leaders have a strategy in place, even though 94% of them believe that digital transformation would profoundly alter supply networks in 2018. Dynamics 365 ERP for Metal Industry will enhance supply chain data access, which will enhance communication between production, supply, service, and sales. A more complete picture of all operations can be obtained by fostering departmental collaboration and linking various business systems. Additionally, a breakdown of metrics by product and resource can increase visibility for better operations.  #3 Reinforce Your Employees with Advance Steel Software  The research found that 53% of Americans are currently dissatisfied with their jobs. One of the first steps in creating a fantastic manufacturing organization is empowering employees. The productivity and effectiveness of routine jobs can be increased when personnel are given the appropriate tools and data.  Dynamics 365 Advance Steel Software gives users access to tools tailored to their roles and a 360-degree perspective of the business, which can help them improve and adjust their working methods to fit in with the modern manufacturing environment. Greater productivity can be attained by integrating the unstructured work of collaboration with the organized work of business operations. You can only enable great experiences in employee acquisition, engagement, growth, and retention when you bring out the best in your people. Giving employees regular feedback and collaborating on assessments helps to provide consumers with individualized service.  #4 Resolve Solutions Remotely to Boost Productivity  Being more productive requires more than just working more; it also requires adding value to everything you do. A consolidated picture of operations and accessibility to mobile and virtual reality tools for monitoring and remote problem-solving increases manufacturing productivity. Technicians can increase productivity and reduce expensive engagements by strategically coordinating work and utilizing their existing skills.  Since providing outstanding customer service is what sets achievers apart from those who fall short, giving agents access to smart tools while they are on the move can increase productivity. Productivity can be increased by using well-known Metal Fabrication Software features to create tailored sales papers, utilizing a rich, event-driven sales process, prioritizing tasks, accessing pertinent and contextual information, and working offline on phones and tablets.  #5 Prioritize Customization for Customers   Providing clients with more visibility and trust through individualized customer care is essential for any manufacturing company to succeed. A fantastic technique to guarantee prompt resolution without having to speak to a technician is to deliver value-added customer assistance through self-service, community, or social channels; automating resolution can free up agents for high-value interactions. Additionally, personnel can prevent service problems by acting in advance thanks to the continuous analysis of data from connected equipment. Customer feedback can be improved through surveys, online forums, feedback forms, and social listening. Additionally, employees may anticipate demands more effectively, tailor every conversation, and provide value at every touchpoint when they have a 360-degree perspective of each customer’s journey.  #6 Employ Advance Steel Software  To be competitive, businesses must work more quickly and intelligently. Microsoft Advance Steel Software bridges the gap between CRM and ERP systems, providing manufacturers with the resources they need to speed up business operations and introduce better products more quickly. By combining many components of the manufacturing lifecycle, it adds sophisticated analytics, embedded intelligence, and the convenience customers expect from consumer apps on their phones or tablet to critical capabilities. Leveraging Structural Steel Fabrication Software like Dynamics 365 can be a critical element for better results because digital transformation isn’t completed quickly. Manufacturers can provide effective project management, get operational visibility, empower staff, increase corporate productivity, and provide individualized service.  Apart from easy data access, Advance Steel Software by D365 ensures bank-level data security. Hosted on Microsoft Azure Cloud, if you are looking for a D365 Implementation partner, you can contact Trident. We are Gold D365 Partner and LS Retail Diamond Partner. 

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What is the Difference between Microsoft Dynamics Business Central and Dynamics NAV? 

dynamics 365 business central /

  You must be aware of the significant functional changes and new features of Dynamics 365 Business Central when comparing it with Dynamics NAV. D365 BC is the upgraded version of Nav. With NAV to Dynamics Business Central Upgrade, you can get a whole new set of advanced features. We will explore some key distinctions between Dynamics NAV and Dynamics 365 Business Central in this blog post.  40% of Business Central clients are in the United States, 12% are in the United Kingdom, and 6% are in Canada, according to enlyft.com. Small businesses make up 41% of all consumers, medium-sized businesses make up 44%, and large enterprises make up 14%.  For small and mid-sized organizations, Business Central is a cloud-based ERP solution that automates finance, sales, operations, and customer care to increase customer interactions, streamline business processes, and make smarter decisions. To take advantage of the improved features and capabilities that Dynamics 365 Business Central has to offer, many Fortune 500 organizations prefer NAV to Business Central Upgrade.  Difference Between Dynamics NAV and Dynamics 365 Business Central    Despite the many similarities between Microsoft Dynamics NAV and Microsoft Dynamics 365 Business Central, there are also significant distinctions that encourage many users to switch from NAV to Business Central  While Dynamics NAV is an on-premises ERP solution, D365 Business Central is a cloud-based ERP solution.  You may access your data and applications using Dynamics 365 Business Central from any location and on any device.  While Dynamics NAV needs some customization and third-party add-ons to obtain the same degree of functionality, D365 Business Central comes with a comprehensive collection of features and functionality.  While Dynamics NAV is licensed on a per-server basis, Business Central is licensed per user. When utilizing Dynamics NAV, you must pay for the server regardless of how many people are accessing the system, whereas, with Business Central, you only need to pay for the users who will be using the system.  Other major differences include:  User Interface   The user interface is where there are the biggest differences. With its simple navigation and cloud-based ERP solution design, Dynamics 365 Business Central increases efficiency. In contrast to Microsoft Dynamics NAV, which uses C/AL (Client Application Language), the new Business Central interface uses AL language code.  In Microsoft Dynamics 365 Business Central, the usage of AL language code allows for additional customization and aids in managing, upgrading, and creating extensions.  All the programs, including Office 365’s Outlook and Excel and Microsoft Dynamics 365 Sales, and Power BI Services are included in Microsoft Dynamics 365 Business Central (CRM). Automating processes avoid silos and raise productivity. End-users may build robust workflows and connectors without learning sophisticated coding.  Hosting   Dynamics 365 Business Central was first introduced to bring Dynamics NAV functionality to the cloud. Extensions and updates are significantly simpler to do with Microsoft Azure Cloud hosting. It makes it unnecessary for you to purchase and maintain your internal servers and allows you to expand or decrease capacity with a simple click. The main advantages of SaaS systems include improved security, lower risk of data loss, and better accessibility.  Upgrades  To prevent the systems from being out of date, important upgrades are automatically released twice a year. With constant enhancements, businesses are an optimal version of Business Central, unlike Microsoft Dynamics NAV. Updates enhance security and user experience. You can even delay it for 90 days. Users are forced to Upgrade NAV to Business Central by this function.  User License   The monthly subscription-based Microsoft Dynamics 365 Business Central software is offered in “Essentials” and “Premium”. Users can gain from usability on numerous platforms, Single Sign-On, iOS, Android, and PC. Remote work is convenient thanks to the cloud-based ERP solution, which also makes it incredibly flexible and affordable for enterprises. As opposed to Dynamics NAV, which comes in Starter and Extended Packs.    How Can You Move from NAV to Business Central    Dynamics NAV has been used by most businesses for years. Consequently, switching from NAV to Business Central update could be a little challenging. However, if users receive greater usability and more functionality than the NAV solution, it will be worthwhile.  It is challenging to transition Navision to contemporary platforms like Business Central because it is an extremely ancient program with a sophisticated code base. The transition is pricey, difficult, and time-consuming. However, there are several actions you must take if you want to get better over time.  NAV has been replaced by Business Central. Unlike the previous Navision, which required customization, it is a robust, adaptable application with capabilities that are ready to use. Although it costs money, it is the quickest way to pick up new skills and shorten the time to market. Any reputable and authorized Microsoft partner, such as Trident Information Systems, a gold partner of Microsoft, can sell Microsoft Dynamics 365 Business Central.  During the relocation, we will adopt the following procedures:  Step 1: Assessing your current NAV offering  Step2: Testing/Migration.   Step 3: Appropriate training and evaluation  Step 4: Properly start the migration  Step 5 is to keep supporting your company continuously.  If you are looking for a Business Central Upgrade Partner, you can Contact Trident Information Systems. We are a Gold Microsoft Partner and LS Retail Diamond Partner/ LS Central Diamond Partner. 

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