Just like any other industry, businesses in the wholesale sector will experience specific issues that are unique to their category. Thankfully, by using the right business management software, you can eliminate some of these issues.
When working in the wholesale/distribution sector, you need to be able to juggle several tasks at once, including acquisition, storage, customisation, repackaging and shipment of goods to retailers. An Enterprise Resource Planning (ERP) solution that allows you to access and manage real-time data will enable you to effectively manage each aspect of your business with ease.
Microsoft Dynamics NAV is designed to help organisations in the wholesale/distribution sector and here are 5 ways that the right ERP solution can help to make your business more efficient;
1. Improved visibility
An up-to-date ERP solution can provide you with real-time information on the volume and location of your goods and materials, wherever you are. This will ensure that your employees have the most accurate information available at any given time, which means they’ll be able to make more informed decisions.
2. Customer service
Customer service lies at the heart of any successful business. Thanks to better visibility and real-time stock figures, you’ll find it easier to anticipate buying trends whilst also improving order processes and response times to customers. A win-win situation for all involved!
3. Accurate Forecasts
With an integrated ERP system, you’ll be able to measure and maximise productivity. Thanks to better forecasting and collaboration with suppliers, you’ll also be able to reduce the amount of stock you hold at any one time.
4. Efficient order entry
By recording the status of your stock in real-time and automating your order processes, your new ERP system will be able to automatically replenish stock whenever it runs low. This will reduce your inventory levels, minimising wastage and decreasing inefficiency. It also saves you the tedious job of having to manually reorder stock.
5. Manage warehousing
Streamlined ordering processes will lead to improved warehousing and faster deployment to customers. Thanks to a carefully planned layout, you’ll be able to avoid a chaotic Pac-Man approach to warehouse planning and arrange the fastest route to pick up stock in order to meet customer Service Level Agreements (SLAs).
These are just 5 of the many reasons why wholesale businesses should invest in ERP, we’ve expanded on this in our Quick Guide to NAV for the Wholesale Distribution Industry, which you can download below.
You can also read our Central Foods Limited Case Studyand find out how this distributor increased efficiency and customer satisfaction by replacing their system with Microsoft Dynamics NAV.
If you want to distribute success into your business then get in touch with us today.
Written by Mark Blackmore, Head of Telebusiness at QBSgroup
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