This is the company blog for megaventory, an online software that helps small businesses that buy, sell and manufacture physical products to manage sales, purchasing, manufacturing and inventory. We blog about new features and updates but also about enterprise software, small businesses, cloud computing and the industry in general.

Sunday, 23 February 2014

Megaventory February 2014 Upgrade (code named: Chios)

New features are available to Megaventory since the 23rd of February. Here is the list:

1. Batch Printing

This is a feature that greatly facilitates the printing operations of your company. By batch printing multiple documents at once, users no longer have to click to open each document to print it. This is something that can now be done through any list of documents (list of Sales Quotes, Sales Orders, Purchase Orders, Work Orders and list Inventory Transactions & Invoices). Users can check one or more documents by using the checkboxes of the list and then click the Print button above the list.

Batch printing of documents
2. Shipping Providers

We have added support for tracking shipments in Megaventory. When a Goods Out document is created, users can now select the shipment provider of the shipment (for example, UPS) and add the tracking ID. By doing so, we provide a link to the shipment so that it can be tracked easily from within Megaventory.

Shipment Tracking in the Goods Out document

Before selecting a shipping provider, the shipping provider entity has to be created. This option is available only to administrators and can be found under their Admin menu.

3. Extra Printing options

We have added two new printing options.

- The first one is available only to Sales Orders and Purchase Orders and display the partial quantities together with the ordered quantities.

Partial Quantities in the Printouts of Orders

- The second option allows for the printing of the client information in Packing slips.

Both options can be set by modifying the document type entity (under the Account Data > Document Types).

4. Ability to report per Client/Supplier in Reports. More calendar filter options

Users can now drag and drop the client entity in the row area of reports. The result is a report showing Client/Supplier performance Vs Time. Moreover, we have added extra time span options to the calendar filter.

New Reporting Features

Apart from the features listed above, as always, we've worked hard to eliminate bugs; more than 30 minor bugs have been fixed in this upgrade. Finally, don't forget that you can now operate a Magento store and have it connected to your Megaventory account.

To have your say related to this upgrade, just use the comments section below!

Friday, 14 February 2014

Choosing an ERP consultant: Ultra Consultants

This is a guest post by Jeff Carr, Founder and Principal of Ultra Consultants, the independent ERP consulting agency. The post is the fourth in our series of understanding how to choose an ERP consultant. You can see the previous three here:




There’s a quote attributed to Henry Ford that we feel clearly articulates what we know about success when it comes to ERP selection and implementation.

When everyone is moving forward together, success takes care of itself.” 

The reason this quote resonates so powerfully with our team is because one of the most challenging issues faced by a manufacturing company is how to effectively organize the ERP selection team. 

An effectively organized ERP selection team improves the success of an effective ERP project, and ultimately selection ERP for an effective change management process.

It’s in this spirit that we offer the following 3 considerations for the ERP selection team.

Allocate the appropriate resources.

After working with hundreds of manufacturers, we know that an ERP selection project requires the best resources from the organization.

Putting together an effective team is one of the critical steps to a successful project. Why? The team helps with ERP requirements definition. The team is also responsible for assessing ERP vendors and their product offerings.

The ERP project needs a steering committee, an executive sponsor, a project manager, and a team of the best business users.

The steering committee should be made up of the senior leadership as well as the top executive from each functions of the business that will be affected by the new system.

Consider the project sponsor.

We suggest giving careful consideration to the ERP project sponsor. The executive sponsor should be the executive who is going to drive the project. In many successful projects, the sponsor is an executive who has been through an ERP project before.  They have practical experience, especially in the area of ERP comparison.

It’s been our experience in the field that executive sponsorship is directly related to the success of the overall project.

Focus on ROI.

In most cases, the need for a new ERP system is felt within the entire organization. As an ERP project gets underway, management must clearly understand the needs, the alternate solutions, the total costs, the benefits of the solution, and other quantifiables.  The anticipated return must consider process improvements including a more streamlined ordering process, reduction of physical inventory counts, improved production quality, better scheduling and more. Other savings should come from access to real-time information for more accurate materials planning, integrated databases, streamlined information reporting, dashboard reporting and other uses of real-time data.


Friday, 7 February 2014

Megaventory Partners Program Launch!

Right after the Magento and Salescast integrations Megaventory is ready to make another important announcement.

We're expanding our business development efforts to initiate the Megaventory Partners Program. Simply put, this is an opportunity for exceptional professionals or companies to join forces with Megaventory in an affiliation which is sure to benefit all parties involved.


Megaventory Partners Program

The Megaventory Partners program is structured in three layers


  • Affiliates: Our simplest package allows for independent collaboration with Megaventory with few restrictions and obligations on the part of the affiliate - it's ideal for maximum flexibility.
  • Value Added Partners: Our main package provides partners with training, support material and promotion benefits apart from an additional source of revenue - it's a unique proposition offering the maximum benefits
  • Premium Partners: Our top tier package allows for maximum customization capabilities and provides the opportunity for tailor-made win-win agreements. 

All types of Partners earn the benefits either of a revenue share or free usage agreement depending on the partnership - and that's on top of other perks and markups. 

Either individuals or businesses can apply to become members of the program. We think it's a great opportunity overall based on a number of distinct groups which have shown enthusiastic interest in Megaventory over the years. As such, we believe you should apply if you are:


  • An accountant, CPA or a bookkeeping company
  • An individual developer or an established software house
  • A business consultant or consulting agency offering financial or strategy services

(These are all indicative examples, of course. If your business falls somewhere in between, we'd still encourage you to join us - and we'll make it work!)

And of course all existing Megaventory clients have the chance to benefit by suggesting Megaventory to other businesses (such as their own clients, suppliers and affiliates) who are bound to benefit by our software.

So, what are you waiting for? Go ahead - apply and become part of the growing Megaventory family!

Monday, 20 January 2014

Ecommerce support: Megaventory integrates Magento!

Just a month after our successful integration of Megaventory with Salescast by Lokad, we're ready to announce we've also integrated Megaventory with Magento, the popular open source e-commerce platform!





So, if your business relies on the Magento platform, integrating it with Megaventory will bring superior inventory management while keeping your products synced across Magento and Megaventory over all your inventory locations.


Alternatively, if you're actively considering taking your business online, now you have one more reason why you finally should take the step. Tracking inventory online will be easy if you choose the Magento approach, which is already the platform of choice for hundreds of thousands of ecommerce installations.

Activating the integration is super fast as we've kept the number of steps small and intuitive. You can do it in the dashboard under the Admin menu in Account Integrations by filling in just a couple of fields.


We have also put together a full Magento integration manual outlining the entire process and you can always contact us for clarifications.


We'd be delighted if you shared with us your feedback on this update as well as the next integration you'd like to see us work on (of course, further integrations are planned down the road!)

Wednesday, 20 November 2013

Inventory optimization: Megaventory integration with Salescast

We've been hard at work the past couple of months and we're now ready to announce another solution Megaventory has to offer - we're happy to announce the integration of our service with Salescast by Lokad!




Lokad offers Big Data applications for commerce businesses such as protection from competitor price scraping, phantom inventory removal, out-of-shelf checks and others. Most importantly however, they also offer Salescast, a premium inventory optimization service.


Salescast aims at answering two very practical questions every merchant has to tackle on a regular basis about their products: when to order and how much to order of it. All Salescast needs is a list of the items you want answers for and their sales history. Once this is uploaded and processed by Salescast you are informed of an alert/reorder level - i.e. how many items you need to have left in the stock before you make a new order - and how many of those items you need to order.

The process is amazingly simple with Megaventory! Whenever you're at the On-Hand Inventory and Alerts screen you can select the products you're interested in and hit the Salescast Analysis button.







This automatically sends the data to Salescast where you can login, configure and run the optimization analysis with just a click. The end result is a report which includes the products along with the valuable information of when to order what.




 

The alert levels which have resulted from the smart SalesCast algorithms can then be imported into Megaventory in the usual way through the Data Import module.







As already mentioned it's up to the user to select the products and the location they want to run the Salescast analysis for. That way you have maximum flexibility and you can find answers both about specific warehouses for example but also for the business as a whole (useful for calculating future expenses, for example).


To summarize, Salescast empowers Megaventory and by extension any serious entrepreneur with a very useful feature for better stock management. What's important here is that this is done not by generating vague reports and getting lost in spreadsheets; instead it all comes down to literally two numbers which are the result of a few mouse clicks.

To top all that, this is something both Lokad and Megaventory offer for free! So what more could a business owner ask for? Go ahead - start an account in Megaventory and link it to Salescast.



Stay tuned for the announcement of the next integration we've been working on. It's coming soon - can you guess what this is?