How to Choose the Right Distribution ERP?
If you own a wholesale distribution business, tracking finances, sales, and inventory are essential.
Distribution ERP (Enterprise Resource Planning) software is now the best choice for Medium-sized distributors to manage these business functions.
Guide for Select Best Distribution ERP
Before selecting right ERP you need to check below points
1. Type of Your Distribution Product? 2. Type of Your Distribution Channels 3. Size of Your Company 4. Clarity about Growth Objectives? 5. Is Your Business Ready for Change?
Features to Check in Distribution ERP
All distributors are switching legacy software to ERP software because ERP has all features that meet the requirements of the distribution business, like operational cost saving, automation, improved workflows & processes, and many more. here we listed the main features that provided by modern cloud-based ERP.
Sales Order Management
Sales order management is the process of managing a company’s sales orders. Sales order management involves managing the sales order cycle, including managing the sales orders when they are initially generated, when they are approved, when they are closed or when they are canceled.
It also involves tracking the status of a sales order, such as when it is being generated, when it is being approved, when it is being closed or when it is being canceled.
Financial Management is the process of planning, controlling, and analyzing the financial activities of an organization. Financial Management features include managing the financial resources of the business. It also involves planning for future financial requirements, making decisions for the use of financial resources, and analyzing the financial performance of the distribution business.
Warehouse Management Software is used to manage the inventory of an organization. It is an essential part of supply chain management and has helped companies to increase their inventory visibility, lower inventory build times, manage the flow of goods from the warehouse to the assembly line, and reduce the number of out-of-stocks (OOS) and lost shipments that often occur in traditional warehouse management systems.
Customer Relationship Management
Customer relationship management (CRM) is the practice of managing the relationships and interactions between companies and their customers. The primary goal of CRM is to maximize the value of a relationship with a customer. CRM systems automate the processes of building, nurturing and managing customer relationships to increase the value of each relationship and the revenue generated from each customer. Customer relationship management systems have become the primary means by which companies build, manage and optimize their customer relationships.
Inventory management is the process of managing an organization’s inventory. It mainly consists of keeping track of what is in stock and making sure items are available when needed. It is a vital function in any organization as it helps with reducing unnecessary physical stock by tracking what is in stock and storing it until it is needed. It also helps prevent theft and improve order fulfillment.
Procurement management is the process of planning, executing and controlling the supply chain logistics of an organization’s procurement. Procurement management involves planning for the procurement of goods and services, directing the process, analyzing the performance and making adjustments as required. Procurement management is an integral part of supply chain management, which involves the planning, control and monitoring of the flow of goods and services in an organization.
Benefits of the Distribution ERP
1. Improve operational procedure 2. Improve performance & profitability 3. Reduce operational cost 4. Better visibility 5. Improve forecasting accuracy 6. Enhance shipping speed & accuracy 7. Good customer satisfaction