Enterprise Resource Planning is a master tool for small and medium-sized businesses. An ERP solution for trading will coordinate any trading functions such as item assembling, development, arranging, showcasing, and more from a single database. Trading and Distribution ERP software encompasses all facets of the trading industry making it the best ERP solution.
A profitable Trading & Distribution sector must be backed up by the right combination of tools and systems at source, as well as by the timely delivery of products to customers. Nowadays the trading industries are facing great competition. To compete, they need to adapt to new developments and strategies in the market and remain dedicated to delivering product excellence. Customer expectations need to be met on time and trust the goods. As the system evolves and the company develops, it is equally necessary for the sales team to establish effective sales strategies. They need to hit their goals and continue on the growth road. Let’s check out why trading and distribution businesses must capitalize on ERP software.
Increased Insights and Visibility
An ERP system for distribution firms ensures that the users of the ERP can constantly get a great view of the material flow into and out of the business. Trading and distribution companies can better make reliable market projections and decisions with the ability to accurately see both inbound and outbound stock flows. Distributors will benefit from providing a full view of their supply chain with an automated ERP-based distribution software and benefit from better insights.
Precise Demand Planning
The demand forecasting capability which it can bring to the organisation are another advantage of providing an ERP for distribution processes. Users of ERP software can use the power of predictive analytics based on past patterns to get a good view of the stock necessary to successfully and efficiently operate a market.
Simple and Smoooth Inventory Management
Many wholesalers turn to ERP automated distribution planning software to help streamline their inventory management processes in order to minimise the potential for human error. Additionally, in manual inventory control, an ERP for distribution processes reduces time wasted. Automated inventory management enables users to monitor and manage data across various geographies and currencies, all while providing insight into existing transit and stock inventory in real time.
Accuracy in Reporting
ERP-based inventory management software provides reliable reporting by providing the end-to-end visibility required for decision-making. It may also help to compile data into timely reports for both internal and external purposes. This helps the company respond more efficiently to complex data reporting requests and promotes compliance with industry reporting requirements.
Strong Customer Relationship Management
As ERP trading is incorporated into Customer Relationship Management, the proper interpretation of trading ERP will offer great efficiency in the management of customer relationship trading operations. A trading ERP helps to prioritise the pipeline follow-up of sales operations, helping to successfully achieve the targets. A trading ERP also monitors the sales phases and schedules meetings directly from the customer’s opportunity as well. It gathers all the required inputs and insights into ongoing business activities, keeping trading operations and customer relationship management safe and clear. In short, any market operation creates more opportunities for sale, resulting in more income generation.
Powerful Point of Sale
As the shopping and consumption characteristics of customers are evolving rapidly, Point of sale (POS) for all products/services is very important for marketers. POS has a key role to play in shaping the decision to purchase employees. For example businesses set up POS near store exits to draw customers and thus increase their purchasing level. Department stores also have POSs for specific product categories, such as appliances, electronics and clothing.
What are the features of ERP in Trading and Distribution Industries ?
- Tracking business strategies in real-time
- Multi-branch, multi-location service
- Dynamic monitoring of different processes
- Expand trading to tap different currencies/geographies
- Managing Leads
- Multiple pricing convergence
- Definable Marketing Schemes for Consumers
- Control of stocks
- Tracks sales for sales
- Analyzes previous data on revenue
- Keeps track of pay-outs and commissions
- Instinctive payroll
We realize that certain manufacturers have complex business standards and refuses to comply with categorization and continue to develop complex products with repetitive standard products. AxolonERP is the leading providers of ERP software in the UAE, Oman, Saudi Arabia, Bahrain and Africa. And with the scalable and comprehensive ERP for Trading and Distribution Industries that covers all the divisions of a company and their functions, such as manufacturing, production, process control, quality control, analytics, advanced planning and optimization, asset management, project management, financial management, supply chain management, human resources management, Customer relationship management, we can fulfil these requirements. You can join us by Requesting a free demo, Click here.