Wholesale distributors is a vital link between manufacturers and retailers. In the current competitive global market, supply chain are becoming increasingly complex due to rising customer expectations for diverse product choices, faster delivery times, and lower prices.
Among some of the challenges faced by wholesale distributors include high global competition, complexities of multiple currencies, language, market expectations and regulatory requirements. As a result, many wholesale distributors are finding it hard to make a decent profit to fulfil the different needs and requirements.
To survive and thrive in this pressured supply chain position, wholesale distribution companies need to increase efficiency and eliminate waste. Legacy systems, disconnected processes, excess inventory, break downs in communication are some of the challenges these companies face. Thankfully, there are many new technological advancement that can help improve processes, integrate disparate systems, streamline workflows and provide update information that can assist in better decision making.
How Technology Can Help Wholesale Distribution Companies
- Optimise operations and enhance profitability: Integrated business solution can help to connect people and processes - improving workflows between departments, reduce errors and uncover new opportunities.
- Full integration: Inventory management, warehouse management, financial, sales and customer management can be in one single seamless solution. No more manual task to check on status of orders, generation of packing slips or customer invoicing - these can be automated to save time, reduce errors and focus employees on revenue generation activities.
- Improved inventory management: Item acquisition, storage, handling and replenishment can now be performed optimally with the right solution in place. Real time and accurate information can be obtained to enable effective planning on inventory management.
- Enhanced customer service: CRM systems provide personalised interactions and better customer insights, improving customer satisfaction and retention.
- Data-driven decisions: Analytics tools offer valuable insights into market trends, helping businesses make informed decisions and stay competitive.
- Efficient supply chain management: Technology streamlines supply chain processes, improving coordination with suppliers and ensuring timely deliveries.
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