Why Your Wholesale Distribution Business Needs A Modern ERP System
The wholesale distribution industry is quickly expanding. This means that businesses must act fast to ensure they are ahead of the game when it comes to meeting customer demands. Balancing this with the need to manage business growth and productivity is not an easy task. Product inventories, ever-changing prices and margins, and monitoring stock and sales are all areas that must be managed and reported on consistently.
Modern ERP systems are a valuable tool for your wholesale distribution business. It will merge all business functions onto one system. This will provide control and transparency for the following areas:
- Purchase order management
- Supply chain management
- Inventory tracking
- Warehouse management
- Packing and shipping
- Picking and sorting
The Benefits Of ERP For Wholesale Distribution Businesses
Supply and demand
Gain extensive knowledge of the supply and demand of all products. Having the right products at the right time is crucial. Business intelligence is essential for any wholesale distribution business to plan for future demand correctly.
Gain absolute visibility into the financial activities of your business. Financial processes can be quickly analysed, amended, and improved. Easily manage accounts payable, accounts receivable, card processing, financial reporting, payroll, and many other aspects of your finances. You could click over here to learn how you can integrate technology into your business and easily streamline various facets of it – including finance!
You can have a comprehensive eCommerce system in which your customers can access order details and updates. You will be able to provide fast payment solutions using global merchant services like FastSpring, and attract a more extensive customer base.
Utilise automated inventory management features, enabling a professional and precise paperless recode of all transactions. Quickly check the status of shipped inventory across different warehouse locations.
Purchase order management
Reduce costs and strengthen relationships with suppliers with automated purchasing processes. You can automate processes for products and suppliers, create approvals and requisitions, process purchase orders, and make invoices.
Access your ERP system from any location using a mobile device. Make sure you opt for an ERP system that provides mobile functionality. Data can be recorded as soon as it is available, from any location, and using Reverse ETL tools such as Grouparoo, you can then use this data for developing strategies or planning your marketing campaigns, thereby reducing the potential for error.
Pricing and shipping
In wholesale distribution, you may be offering multiple pricing structures depending on the number of units in a sale. You may also have a different freight quote from different providers who deliver depending on shipping locations. A bespoke ERP system that enables pricing freedom is essential. You can set pricing depending on units, using a comprehensive pricing algorithm.
For information on how Robosol can help your business, contact us on 01277 286299.