Distribution companies are eyeing the future with a bold, new outlook. Modern ERP solutions are beginning to change the way these businesses operate. Cutting-edge, cloud-based software is changing the game in the way distributors operate — in what is known as one of the world’s most pervasive and complex industries.
By implementing cloud-based ERP software, companies are better able to manage supply chain and logistic activities, which includes warehouse management, inventory management, and order management (sales and purchase orders), and integrate these activities with the company’s financials and sales.
ERP software that is built for wholesale distribution leaders, can help drive business due to improved customer satisfaction, reduction in order times, and cost control across the entire supply and distribution chain.
Insurance for Supply Chains
Today’s business environment is very much a global one with bigger audiences, and further-reaching vendors hitting previously untapped markets. There is great reward for companies that are able to reach worldwide, but with that comes substantive risk.
Half of all businesses experience more than one supply chain disruption per year, and almost 55% of such events cost more than $25 million; further, one-in-five costing over $500 million, according to the International Risk Management Institute.
Needless to say, there are not many companies that could shoulder such a hit — most would end up shutting doors and closing up shop indefinitely. What should a company do? The best bet is to try to circumvent such an occurrence from the offset.
Modern ERP software can help to prevent risky disruptions, keeping manufacturers armed with powerful analytics capabilities and data-driven insights that will help them to steer clear of trouble and costly mistakes.
Breaking down silos between work teams can prove beneficial to distribution companies; however, employees will need a data management system that can do the same. Bringing departments together connects partners, countries, cultures, and also currencies. Integrating software capabilities connects financial and operational matters in cross-border commerce with key metrics that can be viewed and digested via dashboards.
Transparency isn’t only beneficial to those working for the business, but also for customers and partners, as well. Relaying information to clients through fulfillment notifications before and after delivery is a great customer satisfaction strategy. Field work and remote reporting is on the rise, and companies that make working off-site easier will reap the benefits.
Mobile access requires all workers to be able to access inventory levels and include real-time updates that can add value for the entire team. All that’s required for mobile login is a Wifi signal or a browser that allows for Internet access. With this helpful feature, employees won’t feel tethered to their desks or limited by typical 9-to-5 office access, to complete tasks in a timely manner. It may make the difference in sealing a deal, beating out less agile competition.
Automate for Efficiency
Workforces that are optimizing to modern ERP systems will likely see an evolution in their internal competencies. Software such as this is created to make working easier. This means, staff will be able to learn how to benefit their job flow, using the time it saves to focus on other efforts that increase efficiencies and also grow the business.
Distribution includes many moving parts — manufacturing and safely delivering product doesn’t have to be a cumbersome, manual process. That’s now a thing of the past!
Thanks to automatic notifications, processes move much more smoothly. An ERP system is fast at work to ensure that all is optimized and products are moving through the supply chain efficiently. A new sale or return sets matters in motion with data transmitting to the appropriate parties for follow up or sign off. Everything is documented within the system, so users and departments can be tracked or identified as need be.
Seamlessly defining data and having it readily available to be be shared across various operational areas moves a company’s performance leagues above those that are not working with an ERP solution.
Realizing when a company is ready for a cloud-based ERP is the first step of the journey. The award-winning Acumatica Cloud ERP offers its Acumatica Distribution Edition, which includes Advanced Inventory, Requisition Management, Purchase Order Management, Warehouse Management System, and Advanced Financials. The system integrates fully with Acumatica’s CRM, Manufacturing, Field Service, and Project Accounting software —- providing clear visibility across the complete business.
The ideal partner should understand a company’s capabilities, as well as how to improve efficiency to optimize growth. CCS Technology Group brings cloud expertise, developing, implementing, monitoring, and supporting effective cloud-based solutions.