Wholesalers and distributors serve a crucial role in the product distribution channel. As technology has evolved, distribution businesses have witnessed ample opportunities and complexities. Nowadays, consumers have become more tech-savvy. They have mobile devices that allow them to easily order a huge range of products including groceries, home décor, and luxury items that are then delivered to their doorsteps as quickly as the same day.
Online businesses and the wholesale and distribution industry go hand in hand. Retailers are constantly browsing B2B e-commerce portals for their business needs.
To deliver the selected goods on time and at the right address, vendors must update information in real-time. For example, if someone orders 100 items, your sales team should have access to updated pricing, product availability, and other related information. From warehouse transfer to inbound and outbound transfers, every aspect should be efficiently tracked.
Let’s see how software can manage your key operations in the wholesale and distribution sector.
The world of wholesale, retail, and distribution has entered an era of drastic transformation. Currently, 92% of wholesalers and distributors are using ERP software. ERP or Enterprise Resource Planning software is a business management tool that encompasses an extensive range of features for simplifying production, quality control, supply chain management, and other back-office activities.
With ERP, wholesalers and distributors can keep inventory as low as possible while minimizing stock-outs, track thousands of orders while saving time, minimize overhead cost, and promote customer satisfaction.
To stay competitive, wholesale and distribution businesses need a real-time view of the entire organization. With real-time visibility comes improved business productivity and enhanced delivery schedules. It lets you keep track of what is happening on the shop floor, know how many parts are in stock to fulfill orders, manage capacity to schedule orders, assign tasks, and so much more.
Better inventory management
Inventory is the backbone of the distribution and wholesale industry. You should have the stock in your warehouse when a customer needs it; however, you don’t want inventory just sitting either. With ERP software, you have access to automated inventory management tools that facilitate paperless transactions and traceability of shipped and procured goods at different warehouses.
Demand and supply chain strategies
With emerging technologies and changing consumer shopping experiences, demand and supply chain strategies need to be carefully designed.
Demand planning capabilities can undoubtedly improve the way you store goods in the warehouse. For wholesalers and distributors, it is necessary to keep up with customer orders and deliverables so customers stop buying from you due to a poor experience.
With a powerful ERP solution such as OptiProERP, wholesalers and distributors can see picking, packing, dispatching, procurement, clean-up, put-away, shipping, and other daily operations. OptiProERP with SAP Business One is an intelligent and easy-to-navigate ERP solution that allows users to work smartly and accomplish tasks accurately. From entering sales orders to printing and publishing order confirmations, OptiProERP offers rich features to B2B manufacturers and distributors.
An ERP system lets you seamlessly capture, manage, and generate reports, eliminate errors and redundancy of data, define locations, and perform every task at the click of a button. To know more about how this manufacturing ERP solution can help your business eliminate roadblocks and create a productive environment, feel free to visit https://www.optiproerp.com/ or email firstname.lastname@example.org.