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Recurrency: The Manifest [Blog]

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The supply chain is in shambles and although the pandemic caused a lot of the problems, the trillion-dollar industry was already built on a shaky foundation. Instead of assuming the end of the pandemic will fix the crisis, we need to create proactive solutions for the long-standing issues within the chain. This means getting our hands dirty and making big infrastructure changes. While change can be daunting, waiting solves nothing. It’s time to take action and figure out what can be done now: 
<h2>Nationalize the Ports </h2>
Americans love international goods and because <a href="https://www.oecd.org/ocean/topics/ocean-shipping/">90% of products are transported by sea</a>, high-functioning ports are integral to the nation. However, ports are not run with the entire country in mind because they are owned by the city they are in. A local mayor does not have the resources needed to properly innovate their port to make it a national asset. Simply put, money needs to be put into US ports. New technology, automation, infrastructure changes, and robotics will only be made possible by large federal investments. With port systems geared toward the technology of tomorrow, American businesses will be able to become global competitors.
<h2>Pesky Zoning Laws </h2>
In October 2021, Ryan Peterson, founder and CEO of Flexport, a supply chain logistics software company, highlighted issues within port regulation laws through a series of <a href="https://twitter.com/typesfast/status/1451543776992845834?s=20">now-viral tweets</a>. The CEO took a tour around the Long Beach port and noticed that much of the traffic jam was caused by empty shipping containers not being stacked higher than two. These empty containers were taking up precious space and because they were stored on top of available chassis they prevented other containers at the port from being taken away. <a href="https://noahpinion.substack.com/p/interview-ryan-petersen-ceo-of-flexport">Peterson’s solution</a> was to change the zoning law preventing the stacking of containers above two to six. Within the same day of Peterson’s tweets, the mayor of Long Beach announced that <a href="https://twitter.com/RobertGarcia/status/1451679404757688320?s=20">cargo containers could be stacked up to four high</a>. Across the nation’s ports, there are hidden laws like this that end up clogging up ports. We need to be diving into the system, finding what is causing the traffic jam, and implementing fast change.
<h2>Automation </h2>
 The global <a href="https://www.statista.com/statistics/264682/worldwide-export-volume-in-the-trade-since-1950/">supply chain industry is worth upwards of $19 trillion</a> and is only set to grow more. With an industry valued at this level, you would think it would be equipped with the most cutting-edge technology. Incorrect. Innovative software offering automated business processes, real-time tracking, and collaborative data entry is just a small taste of what the industry needs. Distributors across the nation have seen the benefit of updating their chosen business software by implementing Recurrency. Trucking companies, port management, and international shipping companies need to find equally driven and ambitious software companies to support them. 
<h2>One Step at a Time </h2>
The one thing to remember about the current state of the supply chain is that it’s fixable. There are dozens of solutions and innovative ideas that can help not only return the chain to normal but make it better, too. Like most things, the hard part is starting. Then we’ll gain momentum. After all, it’s a chain. And a chain is only as strong as its weakest link…

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Fixing the current state of the supply chain means taking action and figuring out what solutions can be deployed now. 

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Taking Action: Solutions to Solve the Supply Chain

Rob Owen

Automation

Supply Chain

For retailers, the holidays are a marathon, not a sprint. Preparation starts early, and the miles are long. This past holiday season, the volatile state of the supply chain only complicated the terrain. Retailers had to plan inventory reorders around shipping delays and factory closings. As January comes to an end, retailers may be looking forward to a return to “normal,” but that isn’t quite the case. The new Omicron variant may cause the holiday rush to continue well into the new year. 
<h2>A New Variant </h2>
The Federal Reserve Bank of New York released a new <a href="https://libertystreeteconomics.newyorkfed.org/2022/01/a-new-barometer-of-global-supply-chain-pressures/" target="_blank" rel="noopener">index</a> tracking the pressure on global supply chains. It was predicted that although the strain has peaked, the decrease won’t be substantial. Instead, the pressure is estimated to remain at a moderate to high level. The emerging Omicron variant contributes to this prediction considerably, as we’ve already seen the Delta variant’s large <a href="https://www.wsj.com/articles/delta-variant-outbreaks-in-sparsely-vaccinated-asian-countries-disrupt-production-11629807725?mod=hp_lead_pos5" target="_blank" rel="noopener">impact</a> on the supply chain. Variants cause factories to close due to outbreaks while also pushing consumers to online orders. We can expect the Omicron variant to have a similar impact on supply chains as the Delta variant. 
<h2>The Lunar New Year</h2>
Countries relying on Chinese factories also have another event on the horizon to plan for: the Lunar New Year. The Chinese holiday historically slows down the supply chain as factories close for festivities. Typical practice for American companies is to order supply in advance, but possible factory closings due to the Omicron variant will complicate this situation. 
<h2>Prices Remain High </h2>
<img loading="lazy" class="aligncenter wp-image-628 size-full" style="padding: 20px;" src="https://recurrency.wpengine.com/wp-content/uploads/2022/01/Screen-Shot-2022-01-21-at-1.27.16-PM.png" alt="World Container Index Chart" width="594" height="542" srcset="https://recurrency.wpengine.com/wp-content/uploads/2022/01/Screen-Shot-2022-01-21-at-1.27.16-PM.png 594w, https://recurrency.wpengine.com/wp-content/uploads/2022/01/Screen-Shot-2022-01-21-at-1.27.16-PM-300x274.png 300w" sizes="(max-width: 594px) 100vw, 594px" />
Drewry’s composite <a href="https://www.drewry.co.uk/supply-chain-advisors/supply-chain-expertise/world-container-index-assessed-by-drewry" target="_blank" rel="noopener">World Container Index</a>, which tracks container freight rates weekly, rose by 1.4% to $9,544.66 per 40ft container in the week of January 13th. This steady rise in shipping costs on prices that were already historical highs causes prices to continue to climb for consumers. As a result, both retailers and customers should expect current holiday premiums to persist. 
<h2>The Key of Adapting </h2>
As the holiday rush continues to be felt, retailers should learn how to adapt to the heightened tension instead of holding out for change. Businesses that will thrive over the coming months are the ones that will adjust to this new normal quickly. Investing in <a href="https://www.recurrency.com/post/retail-distributors-love-recurrency">Demand Forecasting</a> and innovative software are steps retailers can take to meet the supply chain crisis head-on. The unpredictable supply chain can still be understood with the right data analytics.  Retailers that can avoid stockouts amidst global shipping delays will drastically set themselves apart from competitors. 
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Recurrency has trained for this new marathon. We’ll help you get through it too. Book a <a href="https://www.recurrency.com/demo">demo</a> today.

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How will new variants affect the supply chain? Will delays persist, even after the holiday rush? Read more to find out.

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The Supply Chain and the Post Holiday Rush

Demand Forecasting

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The Supply Chain and the Post Holiday Rush | Recurrency

<h1>Use Recurrency’s ROI Calculator to Discover Your Growth Potential </h1>
Recurrency’s return on investment (ROI) Calculator is now live! Let us crunch the numbers and show you how much revenue your business stands to gain with Recurrency.
<a href="https://gyazo.com/da406a23f6b5d33c0fa3151952996b7e"><img src="https://i.gyazo.com/da406a23f6b5d33c0fa3151952996b7e.gif" alt="Image from Gyazo" width="1000" /></a>
<h2>Accounting for Lost Revenue</h2>
Your enterprise resource planning (ERP) system remains central to your business, but its technology hasn’t advanced in 30 years. With outdated software, how can you expect to maximize your growth potential? In every other aspect, technology has moved on from the 90s, but somehow, your legacy ERP got stuck along the way. Recurrency’s mission is not only to bring your ERP into the present but into the future. By introducing a series of features guided by artificial intelligence (AI) and machine learning, we optimize your operations to effortlessly grow your annual revenue. 
Making decisions governed by your ERP’s rigid limitations translates to lost revenue. Forgo reliance on outdated and manual processes that can hinder revenue growth. Instead, automate your ERP with Recurrency and watch your profit margins grow. To illustrate your estimated captured growth, we built an <a href="https://www.recurrency.com/roi/">ROI Calculator</a>.
<h2>ROI Calculator</h2>
Recurrency unlocks speed, revenue, and margin for your business, but don’t just take our word for it. <a href="https://www.recurrency.com/roi/">Test out our new ROI Calculator</a> to generate your personalized growth prediction. We take four factors into consideration when calculating your company-tailored results:
<ol>
<li style="font-weight: 400;" aria-level="1">current annual revenue,</li>
<li style="font-weight: 400;" aria-level="1">yearly processed orders,</li>
<li style="font-weight: 400;" aria-level="1">number of full-time employees, and</li>
<li style="font-weight: 400;" aria-level="1">gross margin profit. </li>
</ol>
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With these four items, Recurrency creates a snapshot of the predicted annual revenue growth we’ll gain for you. 
<h2>Behind the Calculations</h2>
Recurrency makes informed decisions driven by <a href="https://www.recurrency.com/post/understanding-big-data-and-smart-data">smart data</a>. As a data-first platform, our calculations are explainable, specific, and scalable. Draw back the curtain to explore and understand our calculations in full. 
<h3>Revenue From Reorders </h3>
<img loading="lazy" class="alignnone size-full wp-image-616" src="https://recurrency.wpengine.com/wp-content/uploads/2022/01/1.png" alt="" width="1353" height="494" srcset="https://recurrency.wpengine.com/wp-content/uploads/2022/01/1.png 1353w, https://recurrency.wpengine.com/wp-content/uploads/2022/01/1-300x110.png 300w, https://recurrency.wpengine.com/wp-content/uploads/2022/01/1-1024x374.png 1024w, https://recurrency.wpengine.com/wp-content/uploads/2022/01/1-768x280.png 768w" sizes="(max-width: 1353px) 100vw, 1353px" />
Recurrency’s <a href="https://www.recurrency.com/solutions/reorders">Customer Reorder Prediction tool</a> uses a four-step process to assign a score to items and identify when customers are ready to reorder. When the produced score is high enough, the recommended item rises to the top of your reorder suggestions. By taking into account factors such as customer history, seasonality, usage, and popularity, we pinpoint each time a customer is due to reorder. When this time arrives, Recurrency notifies your sales representatives to ensure the repeat sale never slips through the cracks, generating increased revenue and improved customer relations. 
Securing new customers and orders is much more taxing and labor-intensive a process than simply capitalizing on repeat orders. Our Customer Reorder Prediction tool is a simple way to convert one-time orders into subscriptions and generate easy revenue. In fact, one Recurrency user captured $20K within minutes of starting their day:
<blockquote>I booked almost $20,000 of easy revenue in just a few minutes thanks to your reorder prediction. That’s a great way to start the day.
— Long Tenured Sales Representative
Sales Distributor</blockquote>
How much does your business stand to gain from our Customer Reorder Prediction tool? Find out with our <a href="https://www.recurrency.com/roi/">ROI Calculator</a>.
<h3>Inventory Allocation and Availability</h3>
<img loading="lazy" class="alignnone size-full wp-image-617" src="https://recurrency.wpengine.com/wp-content/uploads/2022/01/2.png" alt="" width="1353" height="494" srcset="https://recurrency.wpengine.com/wp-content/uploads/2022/01/2.png 1353w, https://recurrency.wpengine.com/wp-content/uploads/2022/01/2-300x110.png 300w, https://recurrency.wpengine.com/wp-content/uploads/2022/01/2-1024x374.png 1024w, https://recurrency.wpengine.com/wp-content/uploads/2022/01/2-768x280.png 768w" sizes="(max-width: 1353px) 100vw, 1353px" />
<a href="https://www.recurrency.com/post/supply-chain-crisis-doesnt-stress-recurrency">As supply chain disruptions persist</a>, one of the most difficult tasks to navigate is how to keep shelves stocked while simultaneously avoiding spoilage or overstock, both of which can wreak havoc on your bottom line. Fortunately, Recurrency has created a powerful <a href="https://www.recurrency.com/solutions/forecasting">Demand Forecasting tool</a> that combats these issues with ease. Unlike most traditional forecasting, Recurrency’s algorithms produce accurate forecasts that span months in advance, ensuring your shelves remain stocked.
Demand forecasting is a game of logistical planning and with Recurrency at your side, you’ll never lose. Recurrency makes use of your historical sales data while taking into account external trends to identify when it’s time to restock. Storage costs money and stockouts both churn customers and hinder revenue growth. Our Demand Forecasting tool, <a href="https://www.recurrency.com/post/artificial-intelligence-for-distribution">powered by AI</a>, automates and optimizes your purchases to eliminate stockouts, prevent spoilage, and gain customer loyalty. Improving forecast accuracy is essential to maintaining healthy profit margins. Recurrency’s Demand Forecasting has the potential to help reduce stockouts and lower waste by 61%. Improvements this drastic have a profound impact on your bottom line:
<blockquote>$5.3 million: The value one customer, a food distributor in Japan, realized with Recurrency.
— Read the full case study <a href="https://content.recurrency.com/demand-forecasting">here</a>.</blockquote>
Ready to boost your bottom line? <a href="https://www.recurrency.com.roi/">Calculate how much Recurrency will help you gain</a>.
<h3>Average Order Value</h3>
<img loading="lazy" class="alignnone size-full wp-image-618" src="https://recurrency.wpengine.com/wp-content/uploads/2022/01/3.png" alt="" width="1353" height="494" srcset="https://recurrency.wpengine.com/wp-content/uploads/2022/01/3.png 1353w, https://recurrency.wpengine.com/wp-content/uploads/2022/01/3-300x110.png 300w, https://recurrency.wpengine.com/wp-content/uploads/2022/01/3-1024x374.png 1024w, https://recurrency.wpengine.com/wp-content/uploads/2022/01/3-768x280.png 768w" sizes="(max-width: 1353px) 100vw, 1353px" />
Improving your average order value grows revenue and expands margin. While intuition may be an effective resource when deciphering your newborn&#8217;s cry, it lends terrible guidance in business. Guessing won’t grow revenue. Instead, eliminate the guesswork with our data-driven <a href="https://www.recurrency.com/solutions/recommendations">Upsell Recommendation tool</a>. We analyze your existing sales data to predict what your customers need with uncanny precision.
Our AI leverages customer history to suggest a list of corresponding recommendations that best match your customer’s ordering needs. The higher an item ranks on the list, the greater the potential you stand to maximize earnings from a sale. Recurrency’s Upselling Recommendation tool mobilizes your sales team with powerful insights. With spot-on recommendations, you can move stock faster, push slow-moving stock, and increase revenue by adding more line items per order. With such a robust tool, you may relate to the thought of this Recurrency user:
<blockquote>This feels like cheating!
— New Sales Representative
National Packing Distributor</blockquote>
We assure you, it’s not cheating. It’s Recurrency. 
<h2>The Benefits Don’t Stop There</h2>
<img loading="lazy" class="wp-image-611 aligncenter" src="https://recurrency.wpengine.com/wp-content/uploads/2022/01/Your-bottom-line.png" alt="" width="879" height="321" srcset="https://recurrency.wpengine.com/wp-content/uploads/2022/01/Your-bottom-line.png 1353w, https://recurrency.wpengine.com/wp-content/uploads/2022/01/Your-bottom-line-300x110.png 300w, https://recurrency.wpengine.com/wp-content/uploads/2022/01/Your-bottom-line-1024x374.png 1024w, https://recurrency.wpengine.com/wp-content/uploads/2022/01/Your-bottom-line-768x280.png 768w" sizes="(max-width: 879px) 100vw, 879px" />Improving your annual revenue with our Customer Reorder Prediction, Demand Forecasting, and Upselling Recommendations is just the beginning. We drive up your bottom line while returning hours in the day.
<h3>Lift Gross Margin</h3>
Our <a href="https://www.recurrency.com/solutions/pricing">Price Optimization</a> makes setting prices easy. Through <a href="https://www.recurrency.com/post/stay-relevant-on-pricing-with-recurrency">demand-first pricing,</a> Recurrency automatically adjusts real-time inventory pricing to match supply and demand and maximize your profit. We collect, clean, and analyze your existing data to automatically suggest the best pricing decisions. Our dynamic pricing engine eliminates manual data entry and keeps your business a competitive contender. With Recurrency’s Price Optimization, your gross margin will continue to climb. 
<h3>Save Hours</h3>
How much value does a second hold? A minute? An hour? Recurrency bestows the gift of time. Your ERP, perhaps unbeknownst to you, robs you of your day. <a href="https://www.recurrency.com/post/recurrency-saves-time">We return your lost hours</a>, and then some.
From our <a href="https://www.youtube.com/watch?v=0EGG0Yie02Y&amp;list=PLbM-u4iXmg7PRMtxOm6ao_3sgerKtbRnr&amp;index=1" target="_blank" rel="noopener">typo-tolerant search function</a> to <a href="https://www.youtube.com/watch?v=ibqEZzclvPg&amp;list=PLbM-u4iXmg7PRMtxOm6ao_3sgerKtbRnr&amp;index=2" target="_blank" rel="noopener">one-minute quotes</a>, we shave off the amount of time it takes to complete functions. Ditch your Excel sheets, automate workflows, speed up your ERP, and recover lost time. 
<h2>Unlock Your Growth Potential</h2>
Outdated software burns capital and impedes revenue growth. It’s time to bring your ERP up to speed. Join the revolution that is finally awakening ERP technology that has lied dormant for decades. With a single click, Recurrency’s web-based platform instantly converts your legacy ERP from a cost center to a profit powerhouse. With so much revenue at stake, the only question is, can you afford not to implement Recurrency?
<a href="https://www.recurrency.com/demo"><img loading="lazy" class=" wp-image-526 aligncenter" src="https://recurrency.wpengine.com/wp-content/uploads/2021/12/Capture-décran-2021-12-22-à-10.53.55.png" alt="" width="270" height="122" srcset="https://recurrency.wpengine.com/wp-content/uploads/2021/12/Capture-décran-2021-12-22-à-10.53.55.png 314w, https://recurrency.wpengine.com/wp-content/uploads/2021/12/Capture-décran-2021-12-22-à-10.53.55-300x136.png 300w" sizes="(max-width: 270px) 100vw, 270px" /></a>
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Recurrency’s ROI Calculator is now live! Calculate how much revenue your business stands to gain with Recurrency.

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ROI-Blog

Use Recurrency’s ROI Calculator to Discover Your Growth Potential 

Analytics

Artificial Intelligence

Dynamic pricing

ROI Calculator: Discover Your Growth Potential

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ROI Calculator: Discover Your Growth Potential | Recurrency

<h2>What Is Big Data?</h2>
Big data refers to all data that is collected (structured, semi-structured, and unstructured). These are large, complex data sets that are often uncontextualized. Typically, they are defined by the five Vs:
<ul>
<li style="font-weight: 400;" aria-level="1">Value: The intrinsic value offered by the data; what insights the data offers.</li>
<li style="font-weight: 400;" aria-level="1">Variety: How diverse the data is.</li>
<li style="font-weight: 400;" aria-level="1">Volume: The amount of data. </li>
<li style="font-weight: 400;" aria-level="1">Velocity: How quickly the data is received and moved. </li>
<li style="font-weight: 400;" aria-level="1">Veracity: The accuracy and quality of data.</li>
</ul>
<h2>The Importance of Big Data</h2>
Data is growing at an incomprehensible rate. From 2020 to 2021 alone, there was an <a href="https://web-assets.domo.com/blog/wp-content/uploads/2021/09/data-never-sleeps-9.0-1200px-1.png">increase in internet population by .7 billion</a> (compared to .2 billion from 2018-2020). With user growth increasing so rapidly, the amount of data produced is objectively shocking. In 2021, <a href="https://www.statista.com/statistics/871513/worldwide-data-created/">79 zettabytes</a> of data were produced, copied, and consumed. (If you’re grappling with picturing how large a zettabyte truly is, you’re not the only one. Check out <a href="https://www.youtube.com/watch?v=-aYat9357mE">this mind-boggling video</a> to get a visual representation of its size.)
So, what exactly is being done with this colossal amount of data? Data centers are used to store large data sets. Once stored, data is analyzed for information of value. Traditionally, the collection of big data was used for a myriad of reasons: to inform and improve the decision-making process, to drive innovation and discovery, to better the customer experience, to optimize business operations, and more. From the stats we saw earlier, we can glean where big data’s name derived…it’s big. As the volume of data continues to increase exponentially, it is becoming substantially more difficult to store and use. While valuable information lives within big data, traditional processing software can no longer effectively manage or analyze the data to extract its value. With all this data unable to be processed by traditional data processing software, we must ask:
<blockquote>“What is the purpose of big data if you can’t do anything with it?”</blockquote>
From this question, smart data was born.
<h2>What Is Smart Data?</h2>
Smart data is a subset of big data. Focused more on qualitative measures, smart data is filtered down to offer a more manageable set of data insights. One of the five Vs that big data is comprised of is value. When data sets grow too large, their value diminishes. By setting usable parameters (structure), data can be sifted through and reduced to provide only relevant information. 
<h2>The Importance of Smart Data</h2>
Data isn’t going anywhere. It’s growing at a pace faster than our technologies can keep up with. The concept of big data was originally introduced around the mid-2000s as a way for businesses to harness insights gained from data sets. The past 20+ years have been a whirlwind of technological advancement, innovation, and data growth. 
As the world relents to change, businesses must follow suit. 
Any business that relies on decade-old technology will undoubtedly succumb to its competition. By leveraging smart data, it’s possible to accomplish what big data once set out to do: optimize workflows, reduce costs, assess risks, inform decisions, and more. Unlike big data, the more smart data amassed, the higher the value. 
<h3>Using Smart Data to Improve Your Business</h3>
Businesses are bred out of the need to solve a problem. In the same way that big data is less valuable if you can’t do anything with it, ERPs are less valuable if they can’t tell you what you don’t already know. If data can’t communicate new information, how will problems be solved? With smart data. 
Many businesses use an enterprise resource planning (ERP) system to collect and manage data. Even though ERPs are foundational to the management and success of a company, the technology hasn’t advanced in nearly 30 years. Fortunately, the long-awaited need to revolutionize outdated ERPs has arrived. Recurrency, an artificial intelligence integration for ERPs, leverages smart data to propel businesses forward. 
Legacy ERPs that collect and store data merely serve as a system of record. As is, the data is unable to provide new insights. Recurrency produces smart data by collecting, cleaning, and analyzing existing data. Once a system of record, now a system of intelligence, Recurrency offers keen insights and analysis to help businesses make data-driven decisions. 
In a world that revolves around data, it’s time to get smart. <a href="https://staging.recurrency.ai/demo">Recurrency can help</a>.
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Read about the importance of both big data and smart data. Learn how smart data can be leveraged to help businesses succeed.

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Understanding Big Data and Smart Data 

Big Data

Smart Data

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Understanding Big Data and Smart Data  | Recurrency

Fixing the current state of the supply chain means taking action and figuring out what solutions can be deployed now.

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Taking Action: Solutions to Solve the Supply Chain | Recurrency

News

It’s easy to chuckle at the expense of the person who has three different calendars, four daily alarms, and who knows exactly what they’ll be doing in seven months. In the end, they may be the ones laughing at us. Planning is a skill that not a lot of people have but its benefits are tenfold. The same holds true for business. Being able to look ahead and craft predictive, strategic plans takes a team that is just getting by and turns it into a thriving business with a bright future. Retail distributors in particular know this tough game of forecasting. Their job revolves around making sure their stock is perfectly set so they’re ready for whatever call they get from their own retail customers. Retail distributors may wish they had a crystal ball to help set their stock, but they do with Recurrency (though, rest assured, it relies on tested artificial intelligence (AI) rather than spotty magic).
<img loading="lazy" class="alignnone wp-image-582" src="https://recurrency.wpengine.com/wp-content/uploads/2022/01/CrystalBall-Retailers-300x158.jpg" alt="" width="673" height="355" srcset="https://recurrency.wpengine.com/wp-content/uploads/2022/01/CrystalBall-Retailers-300x158.jpg 300w, https://recurrency.wpengine.com/wp-content/uploads/2022/01/CrystalBall-Retailers-1024x538.jpg 1024w" sizes="(max-width: 673px) 100vw, 673px" />
<h2>What Is Recurrency?</h2>
When the Recurrency team looked at legacy enterprise resource planners (ERP), we came to one conclusion: the archaic software doesn&#8217;t proactively help you run your business. We sought to change that. Recurrency is an automated platform for your ERP that makes your data work for you. Features like <a href="https://www.recurrency.com/post/stay-relevant-on-pricing-with-recurrency">Dynamic Pricing</a> and <a href="https://www.recurrency.com/solutions/recommendations">Upsells</a> couple your data, powered by machine learning algorithms to offer profitable business suggestions. The main difference between Recurrency and large ERP companies is that we care about your bottom line and we’ll build feature after feature to improve it. 
<h2>A Purchaser’s Nightmare </h2>
If you’re looking for someone who is constantly worried about the future, look no further than a distributor&#8217;s purchasing team. These hard workers are in charge of making sure their distribution site has a steady inventory. Overstocks and stockouts are what keep dedicated purchasers up at night. Unfortunately, many ERPs make these stressful situations inevitable. Clunky inventory Excel sheets, shallow data analytics, and slow work days due to a slow ERP all contribute to overstocks and stockouts. Recurrency’s <a href="https://www.recurrency.com/solutions/forecasting">Demand Forecasting</a> feature was made with purchasers in mind. 
<h2>Let Us Focus on the Future </h2>
The future is complicated but the right AI can simplify it. Recurrency is a data-driven platform that ingests thousands of relevant data sets so you can trust its recommendations. The Demand Forecasting feature studies your inventory turnover, selling history, minimum order quantities, order patterns, and many other pertinent factors at play so it can predict when it&#8217;s time to restock your inventory. Let’s look at the numbers. Recurrency partnered with the nation’s largest retail network to reduce stockouts and the results were staggering; download the report <a href="https://www.recurrency.com/demand-forecasting-whitepaper">here</a>. Before Recurrency, the company had a 25-40% stockout rate but after implementing Recurrency (which takes less than 48 hours) we were able to cut that number to 10-15%. Demand Forecasting is a transformative feature. 
<h2>Demand Forecasting Is Time Sensitive </h2>
The <a href="https://www.recurrency.com/post/supply-chain-crisis-doesnt-stress-recurrency">supply chain crisis</a> has made Demand Forecasting a necessity, not a luxury. Retail distributors are being pushed to think even farther ahead without a real sense of clarity to protect against extended shipping times. This isn’t a problem for Recurrency as it was developed to study up-to-date industry trends so that its recommendations are timely. Recurrency knows good <a href="https://www.recurrency.com/post/recurrency-saves-time">timing</a>: it may have been impossible to plan for a global pandemic but Recurrency has been planning for a way around it.   
Do your purchasers a favor and book a <a href="https://www.recurrency.com/demo">demo</a> today. We’re already planning to hear from you. 
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<a href="https://www.recurrency.com/demand-forecasting-demo"><img loading="lazy" class="size-medium wp-image-583 aligncenter" src="https://recurrency.wpengine.com/wp-content/uploads/2022/01/LearmoreDF-300x82.png" alt="" width="300" height="82" srcset="https://recurrency.wpengine.com/wp-content/uploads/2022/01/LearmoreDF-300x82.png 300w, https://recurrency.wpengine.com/wp-content/uploads/2022/01/LearmoreDF.png 432w" sizes="(max-width: 300px) 100vw, 300px" /></a>
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If you're not using accurate Demand Forecasting, you're losing out on revenue. Learn why Demand Forecasting is a necessity for retail distributors. 

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RetailDistributors-Blog

Why Retail Distributors Love Recurrency

Retailers

Learn why Demand Forecasting is a necessity for all retail distributors to help prevent stockouts and grow profits.

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Why Retail Distributors Love Recurrency | Recurrency

Shelby Baker

Enterprise resource planning (ERP) systems are the bedrock of business process management—from sales to operations—and everything in between. The versatility of functions helps to increase efficiency, secure data, promote collaboration, adhere to industry regulations, and more. The inherent potential of an ERP will convert your business into a successful powerhouse if implemented correctly. If used poorly, however, your business will suffer. As CEO and founder, Sam Oshay says, “Organizations with broken systems usually suffer from broken business processes and vice-versa.” If your ERP isn&#8217;t performing optimally, your business will follow (suboptimal) suit. 
To safeguard your business from a system breakdown with devastating consequences, we’ve mapped out the most common issues ERP users face and how to address them.
<h2>Top 10 Reasons Why Your ERP Isn’t Working: </h2>
<h3>1. It’s Running on Old Software</h3>
Your ERP is the keeper of all data. Maintaining your ERP up to date is crucial to keep it running quickly and efficiently. Updates and upgrades are often put off due to their costly or timely nature. Avoiding necessary updates will eventually take its toll on your ERP and the accumulation of bypassed updates could have disastrous effects on its functionality. To avoid lost productivity from your team or a complete system meltdown, it’s best to incorporate regular updates into your ERP maintenance plan. Smaller, frequent updates will ensure your system is always running the latest version.
<h3>2. You’re Not Using the Right ERP</h3>
ERP systems are not all the same. Determining the goals and objectives of your company will help determine which ERP system is right for your business. Different systems are suitable for specific industries such as retail, manufacturing, and distribution. Choosing the right one will increase efficiency, lower overhead costs, automate workflows, improve departmental collaboration, and much more. If your ERP causes more problems than it solves, it’s possible you’ve implemented an ERP better outfitted for another industry or business. To read the full guide about how to choose the right ERP for your business, click <a href="https://www.recurrency.com/erp-guide">here</a>. 
<h3>3. Your Team Isn’t Trained</h3>
Regardless of the features your ERP offers, if your team is unaware of how to navigate the software, it&#8217;s virtually useless to your business. While an <a href="https://www.recurrency.com/post/powerful-tool-and-team">ERP system is a powerful tool</a>, it&#8217;s just that: a tool. Training your employees on how to use your ERP should not be rushed. Improper or insufficient training could result in the opposite outcome desired from implementing your ERP. Instead of increased productivity and reduction of manual tasks, an untrained user will undoubtedly waste more time attempting to self-learn and may ultimately revert back to manual workarounds. Invest in employee training to get the most out of your ERP.
<h3>4. Your Data Is a Mess</h3>
Your ERP is only as useful as the data you supply it. Sloppy, unorganized data delivers sloppy, unorganized results. Before migrating existing data, be sure to spend adequate time cleaning it. While this may seem a cumbersome task, attempting to retroactively clean data post migration is much riskier and more complicated. 
<h3>5. It’s Overly-Customized</h3>
Tweaking your existing ERP by creating custom functions may seem appealing, but proceed with caution. Introducing too many customizations increases the risk of ERP failure. It also makes maintenance and updates more difficult and potentially more expensive. If you find it necessary to add extensive customizations, it’s time to evaluate if you have chosen the correct ERP for your organization. A better and more cost-effective option is to <a href="https://www.recurrency.com/post/not-your-fathers-erp">add a powerful extension</a> that provides increased functionality without the need to customize your ERP. 
<h3>6. Your Roadmap Is Nonexistent</h3>
Implementing an ERP is not a task to be taken on by a single individual. It’s important for employees to understand the benefits of using an ERP. A proper plan, developed and communicated by management, is the key to ensuring everyone is on board. Employees are likely to be resistant to a major change if they’re caught off guard with its launch. While ERP systems can help automate tasks, it’s not an overnight fix. Careful attention to detail, resources, communication, and training will contribute to a successful implementation. 
<h3>7. You’re Lacking Talent</h3>
ERP systems are complex. Learning the intricacies of a new platform takes time. Rather than learning on the go, having an ERP expert, either in-house or by contract, is invaluable. Without talent who understands how to navigate the subtleties of your ERP, your system will lead you to a dead end. It’s essential to work with someone who has ample experience with your chosen ERP. If you don’t currently have a go-to ERP expert, it’s time to attract some new talent. 
<h3>8. You’ve Skimped on Your ERP Investment</h3>
ERP systems are expensive, yes. Be prepared for the cost and do not cut corners. Securing a realistic budget will prevent you from making decisions that will ultimately harm your business. In addition to the ERP implementation itself, you will need to factor in <a href="https://www.recurrency.com/post/break-free-from-erp-maintenance-costs">maintenance costs, user fees, and updates</a> into the budget. Skimping on the initial investment may result in ERP failure, which translates directly into losses. In the long run, proper investment in your ERP will increase revenue and reduce overhead costs. 
<h3>9. It’s Too Slow</h3>
ERPs are typically mammoth systems. If you notice that the amount of time it takes to log on, pull up a customer, or simply open a screen begins to increase, it’s fair to suspect that your server speed is responsible for the slow performance. Another potential culprit is your network. Again, ERP systems house incredible amounts of data. Should your network lack sufficient bandwidth, your overall system will run slowly. Here’s <a href="https://www.recurrency.com/post/recurrency-saves-time">how to recover lost time</a>. 
<h3>10. You’re Not Using Recurrency</h3>
Your ERP is currently serving as a system of record; it can’t tell you anything you don’t already know. Recurrency is a seamless integration for your existing ERP that converts it from a system of record to a system of intelligence. By adding a layer of artificial intelligence, you can instantly modernize your ERP and unlock a slew of profit-growing functions. To automate and optimize your ERP, <a href="https://www.recurrency.com/demo">let us show you</a> how to implement Recurrency in less than 24 hours.  
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Explore Related Posts:
<ul>
<li><a href="https://www.recurrency.com/erp-configuration-and-customization">ERP Customization and Configuration</a></li>
<li><a href="https://www.recurrency.com/seo-roles-of-erp-software-in-an-organization">Roles of ERP Software in an Organization</a></li>
<li><a href="https://www.recurrency.com/seo-what-is-erp-software">What Is ERP Software?</a></li>
</ul>

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10 reasons why your ERP isn't working and how to fix them. Avoid making these mistakes.

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ERPNotWorking-Blog

Top 10 Reasons Your ERP Is Not Working

Best Practices

Here are the top 10 reasons why your ERP isn't working and how to fix them. Avoid making these mistakes and learn what to do instead.

Top 10 Reasons Your ERP Isn't Working

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Top 10 Reasons Your ERP Is Not Working | Recurrency

It’s normal to be wary of new inventions. I’m sure people were skeptical of the lightbulb when Edison first introduced it to the world. Would it burn up? Was he certain it could work all day? Some people even thought it was magic. Naturally, as time moved on, people came to trust the new invention, and soon the entire world could control light with just a flip of the switch. Similarly, when it comes to Artificial Intelligence (AI) helping your business, it’s normal to be skeptical. But like lightbulbs, there is no magic involved. Let’s ease some of your worries and take a look at three misconceptions about AI and why you can flip the switch on them.
<h2>1. Is AI Made for Every-Day Operations?</h2>
Do you have an iPhone made after 2017? If you do, you’re probably opening up your phone every day by using FaceID. This whole function is made possible by AI! How’s that for AI practicality?
Artificial Intelligence can fit into any business and help automate intricate business processes. Recurrency uses AI to drive many forward-thinking recommendation features. Our Demand Forecasting watches your inventory levels, rate of turnover, and shipping times to accurately predict when it’s time to place reorders for stock. We don’t want your purchasing team to worry about overstock and stockouts; our carefully-tested AI takes those worries away. 
<h2>2. Will AI Really Fit the Distribution Industry?</h2>
This rumor just confuses me. AI is made to tackle any problem you give it. And if you’ve got good engineers (ours are better than good) and a lot of data (something the distribution industry does not lack), AI can make some problems nonexistent. Distributors have to worry about picking the perfect prices for their products. With volatile industry trends and competition, it’s hard not to question the price you settle on. Recurrency’s AI within our Dynamic Pricing feature eliminates that anxiety. Our software ingests thousands of data sets to understand industry trends that apply to your pricing needs. Next, our AI and machine learning algorithms are able to take into account more personal constraints like your company’s pricing rules and its buying history. What you get at the end is a relevant price that your sales team can trust. Sounds like AI fits into the distribution industry just fine. 
<h2>3. Is My Data Clean Enough for AI? </h2>
Artificial Intelligence features need good data for good recommendations. We all know the saying: garbage in, garbage out. But the Recurrency team thought of this problem and we’d like to set your mind at ease. As Recurrency integrates with your legacy Enterprise Resource Planning (ERP) system, we clean your data. By auto-detecting duplicates, synthesizing records, and flagging outliers, Recurrency makes sure the data being used is spotless. Now, if only our AI could shovel away all the snow in my driveway… 
<h2>It’s Time For the New Lightbulb </h2>
The distribution industry is due for an innovation and AI is ready for its center stage moment. The Recurrency team has carefully perfected our system’s AI and machine learning algorithms so you can lay any worries you have to rest. <a href="https://www.recurrency.com/demo">Book a demo today</a> and we’ll go through every question you have.  
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Explore Related Posts:
<ul>
<li><a href="https://www.recurrency.com/post/artificial-intelligence-for-distribution">Artificial Intelligence Leads the Way for Distribution</a></li>
<li><a href="https://www.recurrency.com/post/price-optimization-finding-the-perfect-price">Price Optimization: Finding the Perfect Price</a></li>
<li><a href="https://www.recurrency.com/post/powerful-tool-and-team">Why a Powerful Tool Translates to a Powerful Team</a></li>
</ul>

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Dissolve the mystery surrounding artificial intelligence (AI). If the skeptic in you is riddled with questions, Recurrency is here to answer the three most common concerns regarding AI.

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AIAnswered-Blog

3 Common Concerns About AI Answered

Distribution

Dissolve the mystery surrounding artificial intelligence (AI). Recurrency is here to answer the three most common concerns regarding AI.

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3 Common Concerns About AI Answered | Recurrency

If you’ve ever bought a car then you know it’s not a process to be taken lightly. It can take months to weigh options and research models. You have to assess your needs, create a budget, research what’s available near you, set aside time for test drives, and then hold your breath as you sign on the dotted line. By the time you drive off the lot, you feel like you’ve been on an odyssey. Picking the right Enterprise Resource Planning (ERP) system for your business is very similar. So let’s hit the road and see which of your options can handle a hard left turn without braking and which ones can’t. 
<h2>SAP</h2>
With over 200 million subscribers in their cloud user base, SAP is one of the most popular ERP companies. If you’re impressed by big names, SAP might win you over. Amazon, Apple, and BMW all use an SAP ERP. However, SAP prides itself on being used widely by small and midsize businesses as well. So, why do people pick SAP? SAP uses Big Data, Blockchain, Internet of things (IoT) solutions, and more to help provide data analytics that pushes businesses forward. Just make sure your service calls aren’t going to voicemail when you run into implementation problems….
<h2>Oracle</h2>
Remember, SAP isn’t the only ERP company on the market and Oracle provides stiff competition. Oracle’s financial management is unique and ties in GRC (governance, risk, and compliance) requirements. If you’re worried about those busy days where you need your ERP to work (this describes most days), then Oracle’s Service Level (SLA) might provide some comfort. Their SLA ensures that Oracle is committed to making sure your platform consistently performs well. Oracle might be the car for you but there are still other options to consider.
<h2>Epicor Prophet 21 </h2>
Epicor’s Prophet 21 (P21) was designed specifically for the distribution industry. The design allows for a better level of fit as it can work under the constraints of both supply chain management and business management. P21 is now also <a href="https://www.recurrency.com/post/4-steps-to-move-epicor-to-the-cloud">cloud-based</a>, which is necessary for today’s age. Your data should be accessible everywhere. This ERP has a steady enough engine, but if you’re looking for something faster, it will need a new set of tires, or in this case an automated platform.    
<h2>Final Tips</h2>
There are a lot more ERPs to research and then consider, just as there are hundreds of different types of cars (for a more in-depth ERP deep dive, click <a href="https://www.recurrency.com/erp-guide">here</a>). But finding the right one is easier if you:
<ol>
<li style="font-weight: 400;" aria-level="1">Identify your specific needs: Know exactly what features are important to you and which are not. If you&#8217;re worried more about a slow platform than predictive data analytics, make that known. </li>
<li style="font-weight: 400;" aria-level="1">Visualize your ideal implementation: ERP implementations are no joke and can take upwards of 6-12 months. If you’re in a time crunch, ERPs with long implementations can be eliminated. </li>
<li style="font-weight: 400;" aria-level="1">Set a budget: No one wants to break the bank and a business needs a safety net. Make sure you&#8217;re picking an ERP with a price tag that doesn’t give you buyer’s remorse. Remember to <a href="https://www.recurrency.com/post/break-free-from-erp-maintenance-costs">read maintenance contracts carefully</a>.  </li>
</ol>
<h2>New Tires</h2>
Once you’ve got an ERP that drives steady you’ll naturally want to move into the fast lane and start passing your competitors. Unfortunately, most ERPs have a speed limit written into their code. Recurrency is an automated platform for your ERP that streamlines workflows, utilizes AI to make smart business recommendations, and, most importantly, provides a lightning-fast user experience. Recurrency is the high-end, after-market shop that lets you drive the way you imagined your business. There’s no rush: Give us a call when you’re ready for traction.  
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Visit our <a href="https://www.recurrency.com">website</a> to learn more.

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Picking the right ERP system for your business is easy when you follow our guide that outlines the pros of the most common ERPs.

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How to Choose the Right ERP for Your Business

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How to Choose the Right ERP for Your Business | Recurrency

It’s no secret that the supply chain is in shambles. Perhaps the reasons seem mysterious, though we outlined them <a href="https://www.recurrency.com/post/fixing-the-supply-chain">here</a>. In all events, the effects are front and center. Maybe one of your Christmas presents didn’t come in time, or your favorite coffee shop keeps running out of skim milk, or your car has been missing an important piece for months (you can read about that one <a href="https://www.recurrency.com/post/we-need-better-demand-forecasting-to-solve-the-supply-chain-crisis?utm_campaign=Boost_Post_Website+Visits_Oct+25,+2021,+22:57:31&amp;utm_source=linkedin&amp;utm_medium=paid&amp;hsa_acc=508580455&amp;hsa_cam=618083286&amp;hsa_grp=172258556&amp;hsa_ad=146393166&amp;hsa_net=linkedin&amp;hsa_ver=3">here</a>). Everyone is feeling slowed down by the supply chain and businesses are worried. Keeping products in stock is a top priority and customers start to notice which businesses can do that and which can’t. I know that a lot of your supply issues are out of your hands but not all your customers do. So, let’s put you back in the driver’s seat and figure out how to make the supply chain work for you, again. 
Recurrency is an automated platform for your Enterprise Resource Planning (ERP) system. It optimizes workflows, increases your profitability with artificial intelligence (AI), and keeps both your customers and employees stress-free. I know this seems like a tall order, but our dedicated engineers are no one to question. They’ve built an AI layer for your ERP that turns your legacy ERP system into an energy-saving Tesla. That’s why Recurrency users aren’t worried about the supply chain. They’ve got a self-driving car that can see through the thickest storm. 
<h2>Demand Forecasting</h2>
The supply chain issues are a nightmare for purchasers. Stock ordered in advance isn’t coming in time and stockouts seem inevitable. Demand Forecasting was made for this issue. AI watches your inventory and lets you know when and what to order. It also takes into account current shipping times, which protects against last-minute delays conflicting with customer orders. We don’t want you to miss any sales and we also want your purchasers to worry a little less. 
<h2>Dynamic Pricing</h2>
Just like how the supply chain has upended normal delivery times, it’s also caused pricing trends to resemble a rollercoaster. It’s hard to stay up to date on industry trends even in normal times. Recurrency’s Dynamic Pricing feature suggests relevant prices that follow global trends, your company’s pricing rules, and your customers’ ordering history. This way the price your sales team offers is calculated carefully without any time wasted. Oh wait, did I forget to mention quotes in Recurrency take one minute?
<h2>Customer Reorder Prediction</h2>
The businesses you are distributing to are also equally worried about the supply chain. With Recurrency, you can ease their stress. The Customer Reorder Prediction feature lets you know when your customers are likely to run out of their stock based on seasonality, their ordering cadence, and normal usage time. Give them a call and let them know it’s time to reorder that bulk order of plywood if they don’t want to be putting in rush orders in February. By the end of the call, you’ll be invited to their next family dinner. 
<h2>Upsells</h2>
The odds are high that every time a sale is closed, your customer is forgetting to add something to their order. Through product knowledge and customer history, Recurrency knows what products your customer is likely to need based on the order at hand. Before a quote is finalized, Recurrency gives a list of recommended items with corresponding percent matches. If an item has a 98% match rate, your customer is probably going to order it within the week. Recurrency wants that sale to be yours.
<h2>Take a Different Route</h2>
Right now, the supply chain is like a clogged interstate. No one is moving and the music has gotten old. Take the next exit and plot a new course. Recurrency users are driving fast while answering customer calls. Don’t worry, their hands are free and their car knows where to go. 
Book a <a href="https://www.recurrency.com/demo">demo</a> today. 
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Distribution problems brought on by the supply chain crisis are no match for Recurrency. Learn why Recurrency users aren't stressed. 

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Why the Supply Chain Crisis Doesn’t Stress Recurrency Users

Distribution problems brought on by the supply chain crisis are no match for Recurrency. Learn why Recurrency users aren't stressed.

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<h2>Artificial Intelligence and Distribution</h2>
The future of distribution will rely heavily on artificial intelligence (AI). Many retailers and distributors have already adopted applications that feature the use of AI, such as smart checkout systems or service robots. The use of such applications is not expected to disappear any time soon. As our technological world continues to advance, artificial intelligence is leading the way for distribution. To stay relevant and competitive, distributors must adopt AI. 
<h2>How AI Is Used in Distribution</h2>
If you want to increase your sales and continue to scale your business, here’s how different departments can use artificial intelligence. 
<ol>
<li style="font-weight: 400;" aria-level="1"><a href="https://www.recurrency.com/products/sales">Sales &amp; Customer Service</a>: Equipping your sales team with AI-powered technology has the potential to increase their sales output tenfold. By harnessing the power of artificial intelligence, your representatives can gather a slew of helpful information, in real-time, such as recent orders, product availability, cost, delivery date, etc. Instantly accessing this information during a sales call helps the representative relay accurate recommendations and ultimately improves customer satisfaction.</li>
<li style="font-weight: 400;" aria-level="1"><a href="https://www.recurrency.com/products/purchasing">Purchasing &amp; Inventory Management</a>: Preventing stockouts and overstocks is one of the most challenging aspects of inventory management. Fortunately, AI has made great strides in improving the accuracy of purchase orders. With the assistance of artificial intelligence, distributors gain a more precise understanding of when it’s time to order new inventory or when to liquidate stale products. This precision is made possible by algorithms that monitor pricing, economic conditions, seasonality of items, weather, and several other variables. </li>
<li style="font-weight: 400;" aria-level="1"><a href="https://www.recurrency.com/products/operations">Operations</a>: Many operations tasks can be automated with AI, in turn, speeding up the process and increasing sales. From reporting to task management, artificial intelligence plays a crucial role in propelling your operations team forward. By transitioning from manual to automatic, the rate of human error decreases as data is being self-collected and analyzed to offer accurate business insights. </li>
</ol>
<h2>Take on the Future of Distribution</h2>
Regardless of company size, artificial intelligence plays a crucial role in your future success. Wholesale distributors must adapt to the evolving industry to remain competitive and profitable. The majority of distributors simply rely on the minimalistic features that are built into their pre-existing enterprise resource planning (ERP) systems. While this is a fantastic starting point, it will only take your company so far. Legacy ERPs are simply not able to keep up with the rate at which technology evolves. A powerful AI tool, however, is built to thrive in a state of constant change. To endow your current ERP with high-functioning artificial intelligence and successfully take on the future of distribution, <a href="https://www.recurrency.com/demo">check out Recurrency</a>.
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<h6>To learn more about AI for Distribution, read our long-form article <a href="https://www.recurrency.com/seo-ai-distribution">here</a>. </h6>

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Blog-Cover-AI

Artificial intelligence is leading the way for distribution. To stay relevant and competitive, distributors must adopt AI. 

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AI-photo-16x9

Artificial Intelligence Leads the Way for Distribution

Wholesale

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Artificial Intelligence Leads the Way for Distribution | Recurrency

Imagine a room full of people trying to communicate with each other only by passing notes. I know it’s a strange image but that’s what it’s like trying to run a business without an Enterprise Resource Planning (ERP) system. Muddled communication, frustration, and stagnation ensue. We may complain about our ERPs but let’s take a look at what exactly would happen without one. 
<h2>Working in a Vacuum </h2>
One of the main innovations that businesses gained when ERPs entered the scene is the ability for different teams to access the same set of data simultaneously. Concurrent work meant businesses could speed up. Gone was the slow relay from one team to the next, which usually meant mistakes anyway: the more times you pass the baton, the more likely it’s going to be dropped.  
Without an ERP, teams will have to work separately again. Tasks, data, and work communications will be inaccessible to other teams. Everyone works in a vacuum, just like in the old days. Email will be back in style and once again we’ll read long threads from the bottom-up. “Hi John, can you send me a summary of our inventory for a customer?” “Hi Cheryl, can you send me an update on our next order’s shipping status?” “Hey Bill, can you send me the last invoice – I can’t seem to find it.” Sounds like a dystopia to me. 
<h2>Where Is Data Held? </h2>
Worse, with a central platform eliminated it’ll be natural for a business to revert back to using multiple software. The accounting team will plant itself on a different operating system than the sales team. You don’t have to have lived through the pre-ERP days to know what happens next. First, it gets expensive, as every system is going to have its own premium fees and upkeep charges. Next, the platforms aren’t going to be compatible with each other, breeding only more follow-up emails seeking clarification. Cheryl’s inbox just got some new traffic.
<h2>IT Overload </h2>
Your IT team certainly isn’t going to be excited about managing multiple software. Which ones need updates? Which are having issues? The team is going to be diced up and all sent in different directions, and soon enough they won’t seem like a team at all. They’ll start to leave sticky post-it notes for each other and it will look like 1999 – but without the fun Y2K panic.  
<h2>Repeated Work</h2>
Workstations will be back in style, too, along with redundancy, as groups of employees will input the exact same information for their own later use. Some of it will be wrong, of course, meaning quite a bit of backtracking and cross-checking. ERPs aren’t perfect, but they are centralized, meaning no repeated work or transcription errors. 
<h2>A Slow Company</h2>
Slow is good for walking on ice, but not when running a company. Without an ERP, order forms and quotes take longer as employees check competing platforms for information and wait for other teams to send them what they need. And as the customer waits, the company’s reputation settles in like concrete. People tend to stay away once they decide you’re slow.
<h2>A Single Source of Truth</h2>
ERPs have been a giant step forward but standing alone they are showing their age. If you’re not looking to just keep time with your competition but want to really accelerate, then Recurrency is your next move. Our automated platform for your ERP optimizes workflows, improves profitability, and helps <a href="https://www.recurrency.com/post/fixing-the-supply-chain">combat supply chain issues</a>. With features like <a href="https://www.recurrency.com/post/price-optimization-finding-the-perfect-price">Dynamic Pricing</a>, <a href="https://www.recurrency.com/post/purchasing-at-a-wholesale-distributor-1984-or-2024">Demand Forecasting</a>, <a href="https://www.recurrency.com/solutions/reorders">Customer Reorder Prediction</a>, and <a href="https://www.recurrency.com/solutions/recommendations">Upsells</a>, Recurrency is uniquely able to keep its eyes on the future and steer you in the right direction. Tested AI, machine learning algorithms, and perfectionist engineers make these dream features part of your workday. 
&nbsp;
So, if you’ve got an ERP and it’s beginning to feel like you’re passing handwritten notes again, book a <a href="https://www.recurrency.com/demo">demo</a> today. 
&nbsp;

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While your ERP may be cause for frustration, have you ever stopped to think about how your business would work without an ERP?

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What Would Happen to a Business Without an ERP? 

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What Would Happen to a Business Without an ERP?  | Recurrency

Over the past year, we’ve all been impacted by the supply chain. Due to shortages of both goods and labor, prices are at an all-time high. After the initial shock back in March of 2020, consumer spending halted. A year later, it redounded – with a vengeance. As the demand for consumer goods skyrocketed, the supply chain has been unable to keep up. In 2021, prices continued to climb, reaching a staggering <a href="https://www.bls.gov/news.release/cpi.nr0.htm">6.8% inflation rate</a> in November. While there is much debate whether or not these prices are here to stay, it is inarguable that the supply chain and inflation are related.
<h2>What Is Inflation?</h2>
Before we can dissect the supply chain’s impact on inflation, it’s important to understand what it is. Simply put, inflation is an increase in prices (of goods and services). The ideal rate of inflation, according to the Federal Reserve, is around <a href="https://www.federalreserve.gov/faqs/economy_14400.htm">2% a year</a>. Prices have climbed much higher than the prescribed 2%, which is troublesome. 
<h2>The Cause of Price Surges</h2>
It’s no mystery that the pandemic continues to affect the economy. Retailers are raising prices, yet shelves still seem to be empty. Let’s investigate the potential culprits of inflation and what can be done to address it. 
<h3>Demand on the Rise</h3>
In early 2021, prices began to rise and have been <a href="https://www.bls.gov/charts/consumer-price-index/consumer-price-index-by-category.htm">steadily climbing</a> since. The surge in prices is a response to consumer demand. As people have been spending more time at home, they’ve decided to take on renovation projects and convert their homes into classrooms, offices, and gyms. In response to these projects, the e-commerce industry has boomed faster than production can keep up with. Warehouses can’t keep their shelves stocked and carriers can’t accommodate deliveries. 
<h3>Supply Is Sparse</h3>
With demand on the rise, the supply chain is severely strained. Between labor shortages, lack of distributors, and delayed container ships, these disruptions continue to worsen. Currently, there are more than <a href="https://www.youtube.com/watch?v=LiH-SuDhOyU">500,000 containers stuck at sea</a>, with an average wait time of 18.5 days. These delays are costly and while the white house has passed a <a href="https://www.reuters.com/world/us/white-house-looks-move-quickly-17-bln-revamp-us-ports-2021-11-09/">$17 billion plan</a> to help address port issues, the root cause remains unchanged. 
<h2>Supply Chain Disruptions Cause Inflation</h2>
Demand is up. Supply is down. With ongoing supply chain disruptions, retailers are hiking up prices to cover the incurred costs of production and shipping delays. These higher prices are then passed on to consumers (inflation). As long as supply chain problems persist, inflation is unlikely to go away. 
<h2>Demand Forecasting Is the Solution</h2>
<a href="https://www.recurrency.com/post/black-friday-and-the-supply-chain">Black Friday unofficially kicked off the season of consumerism</a>. As we inch nearer to the holidays, we can expect demand to continue to increase, supply to be limited, and inflation to stick around. One solution for this is to <a href="https://www.recurrency.com/post/we-need-better-demand-forecasting-to-solve-the-supply-chain-crisis">invest in better Demand Forecasting</a>. With more accurate and powerful forecasting abilities, we can work to keep shelves stocked, ultimately reducing prices.
Recurrency uses machine learning and artificial intelligence to make highly preceptive recommendations. Unlike most traditional forecasting, Recurrency&#8217;s algorithms have the ability to produce accurate forecasts many months in advance. With better forecasting and more time to plan, distributors can afford longer wait times without negative repercussions. Accurate demand forecasting could help lower inflation. To read more about how to improve your forecasting capabilities, <a href="https://share.hsforms.com/1NjX6WqKVR2SBEe3YmA7fyw5fz4r?utm_content=190894216&amp;utm_medium=social&amp;utm_source=facebook&amp;hss_channel=fbp-233640170685627">download the whitepaper</a>.

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Retailers are raising prices, yet shelves still seem to be empty. Let’s investigate the potential culprits of inflation and what can be done to address it. 

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Inflation and the Supply Chain: Connecting the Dots

What is the relationship between the supply chain and inflation? Let’s investigate the culprits of inflation and what can be done to fix it. 

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