in the complexities of the markets today, the expectations of the customers are higher than ever, and the market conditions fluctuating constantly, it has difficult for the wholesale distributors to manage everything easily. Every wholesaler these days is looking for ways to reduce their costs without affecting the customer satisfaction index. Now, what does that means? What can make wholesale distributors manage their business effectively?
Well! The answer to all of these is an ERP Solution, as the wholesale software. With the distribution software, the entire business can be integrated into a single system, allowing you to reduce costs and increase profits. The benefits are nearly endless, and some of the most important ones are:
- Reduce investments in inventory
In a wholesale business, inventory is perhaps the biggest cost factor, particularly for all of them who manage and track their inventories manually, the costs are huge. Every single error when done manually, situations of stock out, and the need for faster shipments adds more to the cost, and this is simply because all the data that is there is not accurate.
With the aid of wholesale software, the manual efforts and chances of errors are drastically reduced, which in turn helps to improve the cash flow. Some of the special features of the software, setting up reorder points based on data and identifying market trends helps to optimize the stick levels.
- The advanced inventory planning tools help optimize inventory mix
As said earlier that inventory management is the biggest challenge in any wholesale business, there are full possibilities of missing re-order points because of the manual tracking system that is followed. With the help of distribution software, you can handle any such issues. You dint even need a large team to track stocks, or analyze trends, and identify any possibility of an opportunity. The software does it all.
- With automated cash processes, you improve your order to cash scenario
Reduction in the order to cash process can help generate better returns for both the customer and yourself. The distributor software automates and streamlines every process, thus resulting in much happier customers and better operational efficiency.
- Options of better strategic opportunities in the supply chain
To improve lead time and get better pricing, you will need to effectively manage relations with your vendors. This helps identify and create plans for better redressal of the issues with all the underperforming suppliers.
The software makes the entire process all the more easy and effective, with better control over vendor performance.
- Better accessibility of sales performance and inventory management
The biggest advantage of the distributor software is the better visibility. With all the data from all areas of your business are centralized in one place, you can better judge the performance of your team. You gain better insight into your purchases, the performance of your suppliers, costs, and a lot more.
- You become more efficient
One of the main advantages of the distributor software system is better efficiency. Previously what was done manually occupying more time with more chances of error, are now less time taking with lesser chances of error.
