Nowadays, more and more companies are choosing to install footwear production software, so what challenges can Shuntong Footwear ERP software help companies address?
Financial Issues:
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Capital Turnover: Some companies may face difficulties as they keep excessive funds in banks without proper turnover for production. Additionally, investing too much in immovable properties can lead to financial constraints when urgent payments are required.
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Payment Terms: Poorly established and inaccurate payment terms, coupled with a lack of effective collection measures, can result in bad debts, making it challenging to recover funds.
Inventory Management:
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Lack of Timely Information: ERP software addresses the issue where procurement and sales departments struggle to promptly access inventory information, affecting decision-making on whether to place orders and the quantity and type of orders.
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Leadership Monitoring: Business leaders often find it challenging to monitor inventory, impacting overall operations and decision-making due to the lack of control over inventory issues.
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Financial Department Oversight: The financial department's inability to grasp internal inventory situations may lead to excessive stock of certain goods, causing compression, inventory difficulties, and tying up operational funds.
In conclusion, installing Shuntong Footwear ERP software can effectively help companies overcome these issues and enhance overall production management.
