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Total cost of ownership

What is the Total Cost of Ownership (TCO) of an ERP Implementation?

Just thinking about converting your software platform is enough to create feelings of unease.  There are many considerations such as: Will it be worth the investment? How long will the business be disrupted? What will happen to our data? And of course, one of the most important questions to ask is, “What will the total cost of the change be?” Total Cost of Ownership, or “TCO,” is a financial estimate calculated to help product buyers...
Elizabeth Bailey

Elizabeth Bailey as Director of Project Management

Elizabeth Bailey Wend Consulting is pleased to announce the promotion of Elizabeth Bailey to the position of Director of Project Management. In Mrs. Bailey’s new position, she will directly manage client-focused corporate development/ partner implementations/joint-venture projects and have oversight of internal WEnd resource management from early development through project completion. She will be responsible for overall project cost, schedule, and budget evaluation, as well as, all project coordination. Elizabeth Bailey started...
propane distributors

Software Helps Propane Distributors Maximize Margin

As of September 2021, the price of a gallon of propane in the United States is currently up 158.66% for the year (2021), ending the historically low prices of 2019 and 2020.  Propane prices fluctuate dramatically based on production supply and demand, and September’s price of $1.27 is midway between prices of $1.60 in mid-2011 and early 2014 and slightly above the $1.00 average of 2017 to 2019.  When prices vary this significantly, it’s essential...
ag business family farm

Future Changes to the Ag Tax Code Could Change How You Think About Your Ag Business

According to the USDA’s 2019 report, there are currently more than 2 million farms in the United States representing $3 trillion in assets, and almost 90% of those are considered “small family farms.”  These establishments are defined as earning up to $350,000 gross income annually.  “Midsize family farms” earn up to $999,999 annually and make up another 5.5% of farms.  Together, small and midsize family farms occupy 68% of the farmland in America but produce...
software implementation

Software Implementation Process to Achieve Greater Success

Today’s businesses operate on technology.  It’s difficult to conceive of how data could be collected, decisions made, and actions executed without significant technology platforms at work.  Yet many companies are resistant to reviewing their current software solutions and investigating new technologies.  There are many reasons to avoid new software implementation, but one common cause is fear of change. More precisely, people fear the unknown that the change will bring.  How will new software impact how...
Michael Keller

WEnd Introducing Michael Keller to the Team!

WEnd Consulting is excited to announce the addition of Michael Keller as Vice President and Chief Business Development Officer.  Michael comes to us as a highly visible, industry thought leader, operating in various technically focused executive roles over the last decade. Michael Keller Michael joins WEnd Consulting with over 10 years as Director of Technology for a well-known downstream petroleum distributor. Prior to this, Mike spent over 20 years in the...
AI pricing strategies

Are You Suggesting We Need AI to Optimize Our Pricing Strategies?

One of the most significant challenges owners and managers of fuel stations face is setting the correct fuel price daily--or even updating the price throughout the day. Selecting the right price to get the most margin involves knowing the wholesale cost of the fuel and the prices currently being charged by the location’s immediate competitors.  There’s not much room to play with, in 2018, NACS estimated the average margin on a gallon of gas to...
grain marketing plan

Are You Methodically Maximizing Your Profitability with a Grain Marketing Plan?

Let’s be honest.  Many farmers have never written an actual “grain marketing plan.”  Farmers have traditionally relied on their knowledge and experience to make decisions based on trends and gut feelings.  Their success using these methods isn’t to be downplayed; instead, by combining those skills with proven strategies and modern technologies, farmers are in good positions to achieve even better results--and likely at a lower level of stress. Whether or not a season is successful...
Environmental Due Diligence

Environmental Due Diligence for Gas Stations is a Must During the Purchasing Process

The movement of fuel station and convenience store ownership has been very active for the past year.  Large corporations like 7-Eleven are purchasing entire chains and expanding their footprint across the country.  Buying and selling on a smaller scale is also rising as long-time owners retire or get out of the industry while new up and comers are excited to expand their businesses.  If you’re interested in buying your first location or expanding your portfolio,...
eliminate organizational silos

A New ERP Can Eliminate Organizational Silos That Disrupt Your Business

Organizational silos are far too common in business and describe the isolation of individual departments to compete for scarce resources.  By withholding valuable data, knowledge, or assistance, department leaders either knowingly or unknowingly strive to increase their value in a company to gain a more significant share of the budget or additional employees. What do organizational silos look like in a company? Consider this scenario.  The marketing department needs information about sales trends and forecasts. ...