Wholesale Distributors is part of the supply chain between manufacturers and retailers. In today’s competitive global marketplace, the supply chain network is becoming increasingly complex with increased in customer’s expectations for more choices, faster fulfilment 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
1. 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.
2. 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.
3. 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.
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The above is an extract from the 8 Ways Wholesale Distribution Companies Can Improve Efficiency.
