5 Best Practices for Organizing Your Work Order Management System

5 Best Practices for Organizing Your Work Order Management System

Work Order Management is simply defined as the process of managing work orders that requires some sort of service or build instruction. When work orders are managed manually, the process can involve many steps, waste a lot of paper, and use valuable staff time that could be spent on other projects throughout the organization. This is where many fluid power distributors benefit from an automated Work Order Management System, which is a program typically found in your ERP solution, to streamline the process and reduce the tasks surrounding the project. Below, we provided five industry best practices for organizing your work order management system to effectively manage costs and maximize gross margins.…

Best Practices for Getting an Accurate Demand Forecast Post-Pandemic

Best Practices for Getting an Accurate Demand Forecast Post-Pandemic

This year has certainly been unpredictable, and as such industrial distributors have probably seen a dip in demand this year, particularly during the quarantine months. You may also now be experiencing a spike as things begin to normalize in areas of the country. The problem is that your inventory settings for demand forecast were set during a more normalized demand period, and now may not be allowing your forecast to respond quickly enough to the rapid changes. This could result in over or underbuying inventory.…