10 Ways to Do More With Less Using Business Management Systems

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To keep pace in an increasingly competitive world, your business needs to run as efficiently as possible. "We’re seeing it more and more often, companies who have trimmed down to survive the tough …

To keep pace in an increasingly competitive world, your business needs to run as efficiently as possible. "We’re seeing it more and more often, companies who have trimmed down to survive the tough economy - now find they have to become more productive with less resources,” says Korey Lind, CEO of business management system provider for small and medium businesses, Third Wave Business Systems. “Efficiency is even more important for small and medium-sized businesses,” Lind adds, “because their ability to scale quickly to meet demand is limited compared to large global companies.”

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Transcript

  • 1. 10 Ways to Do More with Less
    Presented By Korey Lind, CEO of Third Wave Business Systems
  • 2. Less Is More
    New Economy
    Cut-backs and trimming down
    Meeting Demand
    Are you Nimble?
  • 3. 1. Manage by Exception
    Stop Trying to Manage the Whole Business Alone
    Simplify by Process and Rules
    Only Apply Your Time/Expertise to Exceptions
  • 4. How Business Management Systems Can Help
    Notifications and Alerts
    Ship Date Missed
    Exception Reports
    Discount Outside Normal Range
  • 5. 2. Document Responsibilities
    Everyone in an Organization Should Know their Role and Accountabilities
    Ambiguity Leads to Duplicate Work and Missed Opportunities
    Educate Employees on the Interconnectedness of their Roles
  • 6. 3. Streamline Communications
    Delivering Fast, Knowledgeable Service Keeps Customers Satisfied
    Many Communications Can Be Handled By Email
    Don’t Duplicate Efforts
    Timeliness is Key
  • 7. How Business Management Systems Can Help
    Strong Reporting
    Cross Platform Queries
    Document Delivery Options
    Define Delivery Rules
    Utilize Email
    Track Communications for Each Account
  • 8. 4. Consider ROI When Budgeting Technology Spend
    What Resources Are Saved:
    Paper, Printing, Postage, Travel, Employment Costs
    Many Technologies Show Immediate Value in ROI
    Consider How Email, Web Conferences and Telephone Have Save Companies $$
    Encourage Taking Educated Risks!
  • 9. 5. Empower Employees With Greater Access to Information
    Managing Blindly is Counterproductive
    Information Access Aids Better Decision Making
    Employee Awareness of KPIs Gives You an Edge
    Remote System Access Empowers Field Workers
    Accurate Information is Key
  • 10. How Business Management Systems Can Help
    Anytime, Anywhere Access
    Sales Management
    Traveling Executives
    Easy to Use Dashboards & Charts
  • 11. 6. Improve Employee Satisfaction
    A Positive Culture is Most Productive
    Eliminate Frustrating Systems
    Allow Employees to Offer Superior Service
    Identify and Address System Shortfalls
    Reward Positive Contributions
  • 12. 7. Use Common Practices
    Is Everyone On the Same Page?
    Standardize Documents
    Set System Rules for Document Delivery
    Properly Train Employees
    Not Just Internal: Create Effective Business Processes with Partners
  • 13. 8. Develop a Maintenance Plan for Systems & Processes
    Don’t Ignore Your Business Systems When Planning
    Keep Hardware Up to Date
    Obsolete Hardware Can Bring Your Office to a Standstill
    Same Applies for Processes and Procedures!
    Take a Regular Inventory and Make Updates to Reduce Waste
  • 14. 9. Solicit Feedback
    Involve Stakeholders in Business Decisions
    Customers Know What they Want
    Suppliers Can Tell You Best Practices
    Employees Have Greatest Insight
    Make Sure You Act Upon Feedback
  • 15. How Business Management Systems Can Help
    Use Free Online Surveys (like SurveyMonkey) for Easy, Professional Feedback
    Set Up System Rules to Send Automatic Requests
    Follow-up Email to Customer After Order Ships
    Periodic Mass Email to All Employees
    Lets Dashboards Guide Which Suppliers Are Most Profitable
  • 16. 10. Automate Every Task Possible
    Inventory Key Processes and Tasks
    Identify How to Leverage Technology
    Where Are Your People Best Utilized ?
    What Tasks Are Redundant?
    Make Automation Your Goal
  • 17. Thank You
    Third Wave Business Systems specializes in deploying SAP Business One and Microsoft Dynamics GP solutions.
    Our clients have found success by thinking outside-the-box - and that's the way we serve their needs.
    You can find more information at www.twbs.com
    Contact Korey at korey.lind@twbs.com or 201/703-2100