For many companies, the economic downturn represents both challenges and opportunities. While an immediate fall in client activity may mean a temporary decline in revenue, it also creates the perfect environment for testing and building out systems and processes.

The instant asset write-off eligibility criteria and threshold have changed over time.

From 12 March to 31 December 2020 inclusive, the Instant Asset Write-off threshold for each asset increased to $150,000 (up from $30,000) for business entities with aggregated annual turnover of less than $500 million (up from $50 million).

For more information on the ATO website here.

Disclaimer: This does not constitute tax advice and should not be relied on without seeking independent advice from your tax agent or tax advisor.

Earlier this year at the Acumatica Summit, FoodMaven was announced as Impact Customer of the Year. FoodMaven acknowledged Acumatica's adaptable platform, functionality, and customer emphasis as major reasons for selecting Acumatica cloud ERP.

FoodMaven also use The RIC Group's Warehouse Management Solution called TBO4 with its  organic integration with Acumatica. FoodMaven have deployed the WMS to all locations and it features capturing catch-weight, lot numbers, product grade and expiry date.

Our philosophy is to keep the core clean. This ensures our Warehouse Management Solution (WMS) requires minimal support and with the organic integration to the ERP our customers can implement lean operations to eliminate waste.

Contact us at sales@thericgroup.com for further information.
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Common question our team will get asked is what environment we use to development our Warehouse Management Solution.

The structure of our WMS is we use MVC. MVC stands for Model, View, and Controller and C#. This is using the ASP.NET MVC Architecture. MVC is commonly used for developing modern user interfaces, which our WMS (TBO4) is. It is our fourth generation Supply Chain Solution that we have released over the last 20 years of building best of breed WMS and TMS solutions.

The user interface is then built using ReactJS and Node.js. React allows us to design simple views for each state in our WMS and TMS applications and the biggest benefit is React will efficiently update and render just the right component when your data changes. We know with a browser based application one of the most important points is to ensure rendering performance for the users.

Node.js is a platform built on Chrome's JavaScript runtime for easily building fast and scalable network applications. Our WMS and TMS is real time and uses our API as back end services.

From here our WMS and TMS screens have Kendo UI grid. Kendo UI grid is a powerful widget which allows us to present the data in a table representation. It is fast, light and complete. The Kendo UI grid is used for sorting, paging, searching and more.

If you would like more information on our supply chain solution please email us at sales@thericgroup.com
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Replenishment is typically a task triggered by the need of the picking line. The item is typically picked from a bulk location and replenished to the pick face. The min / max rules are set by the WMS and our Warehouse Management Solution allows users to replenish the pick face while other WMS users are picking.

​For our WMS the Replenishment is released in our Pick Pack Manager. It creates a pick called Replenishment and the users are directed to the bin locations to replenish.
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