Built primarily for the manufacturing and distribution sectors, ERP tools present a bold new way for companies to operate. ERP systems tie together and define a plethora of important selling processes such as financials, HR, inventory and supply chain management, sales, customer relationship management and enable the flow of data between them.
What drives the distribution industry is the dependency on consumers near maintain the average cell rate and keep stock flowing. That being said, a lot of wholesale distributors run into issues with supply chain management, which can affect their profit margin. Having a warehouse management system integrated into your ERP system can help automate supply chain operations and send you real-time alert notifications, so you’re never left in the dark. A WMS can also help provide structure in the workplace, mutually literally and figuratively.
Over the last decade or so, the amount of manufactured goods the U.S. imports has increased significantly. In order to meet the growing challenges of this, manufacturing companies have moved production to services abroad which get very costly over time.
This was all made possible by the use of ERP software, which gave these organizations full visibility into their financials, inventory on-hand, shipments, and manufacturing processes at a glance.
Data repetition and errors are a common sight when you bring into play different software to deal with such data. With an ERP integrated to your distribution business, you can get rid of such inefficiencies and manage your business better by having inclusive visibility of all your procedures and operations.
Since an ERP is integrated with your business, most of your sales and revenue data are readily available and are restructured in real-time. With this in a row, you can get a deep understanding of business revenue.
An ERP system can save you precious time and money by eliminating the daunting task of manually process inventory management. Automated inventory management capabilities can improve your supervision processes by allowing end users to track and manage data across multiple warehouses giving you real-time visibility to current inventory in transit and costs.