There are a number of challenges involved in distribution management, and over time these have grown and become more complex. Businesses need to tackle diverse downstream customer requirements, huge product inventories, long lead times, unpredictable supply, and narrow margins. In order to overcome these challenges, they must stay current with industry trends and technologies to remain competitive in the industry.
But keeping astride of industry trends can be difficult, especially when operating on a global scale. That’s why there are global ERP solutions designed to assist industries.
These ERP systems are designed to provide three keys to successful distribution management: visibility, greater control, and improved efficiency.
More Visibility
Having more visibility over your business means you’re better equipped to make strategic decisions that will help you identify ways to cut costs, gain new customers, and increase profits.
Using an ERP (enterprise resource planning) business solution will allow you to track and get detailed reports on multiple aspects of your business, including:
- Inventory
- Conditions
- Past purchases
- Product profits
- Quotes
- Promotions
- Targets and commissions
- Quality and performance
Through a single dashboard, you can receive real-time analytics, alerts, and notifications that enable you to respond to changes and fulfill orders quickly and efficiently.
More Control
Consolidate workflows across departments, including warehousing, purchasing, financials, and sales, so that everyone is on the same page and operating at the same level. Total control means being able to make informed, strategic decisions that benefit your business. With such a huge operation to manage it only makes sense to consolidate all operations into one place so that they can be managed with the most efficiency.
More Efficiency
Legacy systems don’t offer the same level of optimization that current ERP systems provide, and often require the use of disparate databases and time-consuming spreadsheets. Manually entering and duplicating data across departments wastes both time and money, as well as opening up the opportunity for errors.
It’s Time to Upgrade
How do you plan to meet the ever-growing distribution challenges that your business is faced with? What’s possible with legacy management systems is no longer enough to remain competitive in this growing industry. It’s time to make the change and commit to a new enterprise management system that will revolutionize the way you do business – or else risk getting left behind.
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