Ecommerce for Manufacturers: Driving Direct-to-Customer Success
Manufacturers adopt ecommerce for direct sales, broader reach, and better customer engagement. It reduces dependency on distributors and improves margins.| Deskera Blog
Outsourcing in supply chain management refers to the practice of delegating certain operational functions to external partners such as 3PLs, etc| Deskera Blog
Idle time in manufacturing is inevitable, but when left unmanaged, it hampers productivity and profitability.| Deskera Blog
It ensures smooth coordination of people, machines, and processes, forming the foundation of efficient manufacturing operations.| Deskera Blog
Root cause analysis goes beyond surface-level fixes and uncovers the true source of recurring manufacturing issues, enabling long-term solutions.| Deskera Blog
It ensures that manufacturing operations run in a structured, predictable, and efficient manner, reducing errors and improving product quality.| Deskera Blog
Supply chain integration is about unifying processes, data, and partners across the supply chain to improve collaboration and efficiency.| Deskera Blog
The global digital transformation in the manufacturing market is growing rapidly, projected to reach $4.07 trillion by 2033.| Deskera Blog
Outsourcing continues to be a major driver in global manufacturing, with 70–80% of U.S. manufacturers outsourcing production to reduce costs.| Deskera Blog
Inventory accuracy is a key performance indicator (KPI) that measures how closely the recorded level of stock matches the actual physical count in warehouse.| Deskera Blog
Manufacturers adopt ecommerce for direct sales, broader reach, and better customer engagement. It reduces dependency on distributors and improves margins.| Deskera Blog
Product bundling is a marketing strategy companies can use to increase sales and maximize profits. It involves offering multiple products or services as a "bundle" of items. This strategy can attract new customers, increase customer loyalty, and drive sales.| Deskera Blog
Production backlogs, high idle time, excessive WIP inventory, and missed deadlines are clear indicators of manufacturing bottlenecks.| Deskera Blog
World-class OEE is considered to be around 85%, with 60% being a common average across industries. Benchmarks help companies compare performance| Deskera Blog
Manufacturing accounting software bridges finance with operations, giving businesses better control over costs, resources, and profitability.| Deskera Blog
It delivers measurable advantages such as improved operational efficiency, reduced costs, better demand forecasting, and higher product quality.| Deskera Blog
On-demand manufacturing is reshaping modern production by focusing on efficiency, customization, and reduced waste.| Deskera Blog
Knowing what operational costs are helps you gain a clear picture of where your money goes and how it impacts your bottom line.| Deskera Blog
Manufacturing automation is no longer optional—it’s a strategic necessity for manufacturers of all sizes to boost productivity, reduce costs.| Deskera Blog
We cover the following topics in this article; the definition of sales funnel, the different stages of sales funnel, and the importance of having one.| Deskera Blog
Lead management is the process of capturing, prioritizing, and nurturing leads until they’re ready to make a purchase.| Deskera Blog
A well-planned email strategy in place allows you to set goals and be an easy-to-follow roadmap for a successful email marketing campaign.| Deskera Blog
Email marketing is used in lead generation, brand awareness, customer engagement, building relationships and is used to promote your business products.| Deskera Blog
Email marketing is a marketing channel that uses emails to promote your small business's product or services.| Deskera Blog
Identify some of the key manufacturing ERP modules and features to boost your productivity and secure higher profitability.| Deskera Blog
Some of the ways to reduce customer complaints in the manufacturing industry are: strengthen quality control standards, proactively solicit feedback, and more.| Deskera Blog
What’s slowing down your production line—people, machines, or processes? If you’re not sure, you’re not alone. Many manufacturers face hidden inefficiencies that quietly impact output and profitability. From frequent downtime to manual workflows and siloed data, these issues limit productivity across the| Deskera Blog
Operating expenses are the costs of a business for its operational activities. They usually include equipment, inventory costs, insurance, and more.| Deskera Blog
It is a holistic approach that aligns strategic, operational, and financial plans across departments, ensuring all business units work toward shared goals.| Deskera Blog
Scenario analysis is a strategic planning tool that enables manufacturers to prepare for various possible future outcomes.| Deskera Blog
A bill of lading is an accounting legal document that outlines the information of a freight shipment. It includes product types, quantity, price, and more.| Deskera Blog
Use the right manufacturing KPIs to improve the productivity and profitability of your manufacturing operations.| Deskera Blog
Some of the strategies that will help you reduce total manufacturing costs are: design products efficiently, standardize components and parts, and more.| Deskera Blog
It includes strategies such as cross-docking, data analysis, vertical storage, cross-training, inventory optimization, automation, and more.| Deskera Blog
Predictive modeling uses a combination of statistical analysis, machine learning, data mining, and AI to uncover patterns in historical data| Deskera Blog
It can account for 30% to 70% of total product costs, making them a critical focus area for accurate pricing, profitability, and cost control.| Deskera Blog
It helps manufacturers make great products by staying ahead of the competition, improving customer satisfaction, enhancing quality, and reducing costs.| Deskera Blog
Scrap rate is a vital manufacturing KPI that measures the percentage of unusable or defective materials during production, and more.| Deskera Blog
The efficiency ratios are the financial ratios used to measure the efficiency of the operation of a business.| Deskera Blog
It is a manufacturing method where different goods are produced on the same production line according to irregular production schedule| Deskera Blog
The acquisition of materials is the primary distinction between toll manufacturing and contract manufacturing.| Deskera Blog
If you are involved in the manufacturing industry, you may have come across the term "routing" as a critical component of efficient production management.| Deskera Blog
It is the process of assembling components to build automobiles, trucks, and other motor vehicles. Its 4 steps are designing, building, quality checks| Deskera Blog
There are two different types of income statement that a company can prepare such as the single-step income statement and the multi-step income statement.| Deskera Blog
Vendor management can be defined as the amalgamation of activities you undertake to keep a close watch on all your vendors. The process of examining and supervising a company's overall relationship with a vendor is referred to as vendor management.| Deskera Blog
The sales funnel refers to the buying process that companies lead customers through when purchasing products.| Deskera Blog
Let's look into proven hacks to boost and increase sales for your small business. From understanding your existing customer to social media presence.| Deskera Blog
The email marketing funnel is a plan that connects with your subscribers via email at every stage of their journey from the intro stage to conversion.| Deskera Blog
B2B email marketing is harder work as compared to B2C as it needs more favorable impression and you need to educate the customers more with each step.| Deskera Blog
This is because it affects all aspects of life, and the decisions and actions of individuals,businesses,and governments can impact our future significantly.| Deskera Blog
It is a systematic and ongoing process of introducing new products, services, business models that create value for customers, improve business performance.| Deskera Blog
Some of the business budgeting mistakes that you should avoid are: overestimating sales projections, not basing the budget on the data, not tracking revenue| Deskera Blog
It is a percentage-of-completion accounting technique where revenue is recognized based on the ratio of costs incurred to total estimated costs.| Deskera Blog
It is a vital process that predicts a company's future financial outcomes based on historical data, market trends, and strategic plans.| Deskera Blog
Category management is a strategic approach to procurement and inventory management that optimizes spending, and supplier relationships.| Deskera Blog
Push manufacturing is driven by demand forecasts, while pull manufacturing is based on actual customer demand. Each approach has its own set of advantages.| Deskera Blog
Wholesale distribution involves purchasing products in bulk from manufacturers and selling them to retailers, businesses, or institutions at a markup.| Deskera Blog
Cash flow forecasting is a means of predicting the movement of cash into and out of your company over a certain period and across all areas.| Deskera Blog
Depreciation represents the decrease in the value of an asset due to its continuous deterioration through its useful life. Companies calculate depreciation to estimate how much their assets have decreased in value over time.| Deskera Blog
Unit of Production method calculates the depreciation for the asset when the asset’s value is closely related to the number of units produced| Deskera Blog
The straight-line depreciation method depreciates the value of an asset gradually, and linearly, over the years it is used.| Deskera Blog
Want to learn how to make the perfect journal entry? Learn everything there is to know about journal entries, and how to use accounting software to make them.| Deskera Blog
An element or resource that is not physical but assigns a considerable value to a company is called an intangible asset. Besides this definition, this post offers insights in: * Description of Intangible asset * Difference between Tangible and Intangible assets * Types of Intangible assets * Characteristics of Intangible assets * How to value| Deskera Blog
All accounting entries need to be tagged to general ledger accounts. A chart of accounts (COA) is a list of all such general ledger accounts. It contains details of each individual general ledger account including 'Account Code', 'Account Name', 'Account Type', and 'Account Balance'.| Deskera Blog
The main benefit of having a compliance calendar for Haryana are that it will make it easier for you to remember your legal obligations and avoid penalties.| Deskera Blog
The three most widely used methods for inventory valuation are: First-In, First-Out (FIFO), Last-In, First-Out (LIFO), and Weighted Average Cost| Deskera Blog
Cost of Goods Sold = (Beginning Inventory Value - Ending Inventory Value) + Total Inventory Purchases + Direct Costs. Learn with FIFO & LIFO examples| Deskera Blog
Bookkeeping is the systematic, daily recording of a business’s financial transactions.| Deskera Blog
Predictive maintenance leverages data, IoT sensors, and AI-driven analytics to anticipate equipment failures before they occur.| Deskera Blog
Scenario planning is a forward-looking strategic tool that helps businesses prepare for multiple possible futures, enabling them to make informed decisions.| Deskera Blog
Invoice factoring is a financing method for businesses where unpaid invoices are sold to factoring businesses. It helps with improving cash flow.| Deskera Blog
ERP systems consolidate project-related data from various departments into a single source of truth, ensuring that teams have real-time access to information.| Deskera Blog
As a manufacturing executive, it's crucial to stay updated on the latest trends in procurement to ensure your company remains competitive and efficient. Here are five important trends every manufacturing executive should know about procurement:| Deskera Blog
Working capital management is the process of optimizing a company’s short-term assets and liabilities to ensure smooth operations and financial stability.| Deskera Blog
CMI shifts inventory management responsibility from suppliers to customers, offering greater control, visibility, and efficiency in supply chain operations.| Deskera Blog
The income statement is a comprehensive breakdown of your company's operating and non-operating expenses and revenue.| Deskera Blog
Auditing is a review and verification of your financial documents which ensures transactions are accurate and legally compliant.| Deskera Blog
Salvage value is defined as the book value of the asset once the depreciation has been completely expensed.| Deskera Blog
A depreciation schedule is a table that represents how much an asset’s value has been used up over the years.| Deskera Blog
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Fixed costs are those expenses that remain constant regardless of your production. Variable costs are those expenses that change with your production levels| Deskera Blog
Accrual Cash and Modified-The key difference between the three is the time frame under which the various transactions are allocated.Here are the advantages and disadvantages of each for your Business| Deskera Blog
Bookkeeping not only keeps you in charge of your finances but also helps you take better financial decisions. Therefore, you'd do well to acquaint yourself with bookkeeping basics as an entrepreneur.| Deskera Blog
Balance sheet (also known as Statement of Financial Position) is one of the 3 important financial statements. Alongside with Income Statement and Cashflow Statement, it helps to reveal a company's overall financial health.| Deskera Blog
Liability is usually a sum of money that a person or a company owes. Liabilities can be credit from business events, which are viewed against a company’s assets.| Deskera Blog
A sales cycle is a process businesses follow to turn the customers into leads. There are a series of steps that every company undertakes to complete the sale. This is known as a sales cycle.| Deskera Blog
If you are selling something, anything, you need to know about these 15 effective sales strategies used by all successful salespeople.| Deskera Blog
Electronic invoice (e-invoice) automates and eliminates manual intervention in sending and sharing of invoices between a buyer and a seller. This means that the invoice is created, sent, and received in standard electronic format. This allows buyers and sellers to automate invoice processing.| Deskera Blog
In this article, we cover on definition of CRM, who uses the CRM software, the types of CRM available in the marketplace, the statistics on how CRM has grown over the last few years, and great tips business need to evaluate before choosing a CRM software.| Deskera Blog
Sales coaching is the process of providing guidance, training, and support to sales representatives in order to improve their performance and achieve sales goals. A sales coach works with reps to identify areas for improvement, set goals, and develop strategies for success.| Deskera Blog
A sales kickoff meeting is an annual gathering of a company's sales team and stakeholders, typically held at the start of the year. Its purpose is to align the sales team around the company's goals and strategies, provide training and support, and boost team morale and motivation.| Deskera Blog
A report by the National Association of Purchasing Management found that companies with effective supplier management practices can reduce supplier-related issues by up to 70%.| Deskera Blog
According to a study by the Institute for Supply Management (ISM), US companies with best-in-class procurement practices can achieve cost savings of up to 18% compared to their peers.| Deskera Blog
It is a method used to optimize fulfillment so that the orders arrive to customers on time while incurring the lowest possible cost.| Deskera Blog
As the saying goes, "a penny saved is a penny earned." But when it comes to procurement, the savings can add up to much more than just a few pennies.| Deskera Blog
According to a report by the International Trademark Association (INTA), the estimated value of counterfeit goods in the US market was $45.2 billion in 2019.| Deskera Blog
Obsolete inventory refers to items in a company's inventory that are no longer in demand or have lost their market value. These products may have become obsolete due to changes in technology, consumer preferences, or other factors that have made them irrelevant or unattractive to buyers.| Deskera Blog
Overstocked inventory ties up valuable resources, takes up valuable storage space, and can ultimately result in wasted resources and lost profits. Understocked inventory, on the other hand, can lead to stockouts, dissatisfied customers, and missed opportunities.| Deskera Blog
Prioritizing quality management led to long-term growth, with top-performing companies reporting 26% higher return to shareholders than their peers.| Deskera Blog
