8 Tips to Maximize the Digital Transformation of Your Wholesale Distribution Business
You’re caught in the middle of a tug-of-war.
On one side, the customers of your wholesale distribution business pull at you to deliver faster and reduce your margins. They may even expect you to have an e-commerce platform so they can buy conveniently online, just like consumers.
Meanwhile, on the supply chain side, your vendors yank at your bottom line with higher costs and more complicated logistics as you grapple with managing global resources. To make matters worse, some suppliers are cutting you out of the value loop by selling directly to your customers.
How are you supposed to sustain a growing business in the midst of all these pressures?
That’s where Enterprise Resource Planning (ERP) software empowers small and medium-sized businesses like yours to respond efficiently, productively and at scale to business challenges.
10 Tips to Help You Get the Most Out of Your ERP System as a Wholesale Distributor
Your sales are flying, but profits are only limping along.
That’s not what you expected for your wholesale distribution business.
But with growth came mounting complexity:
Thousands of SKUs quickly moving in and out of your various locations
Daily headaches from your wide-ranging supply chain
A non-stop balancing act in inventory management as you scramble to get customers what they need without choking your cash flow
Moreover, competition is fierce and customers seem ready to switch their business at the slightest letdown in service.
Fortunately, you’re well into your search for an ERP system.
That software’s capacity for centralizing data from all your business functions will give you complete visibility into your operation in real time. You’ll eliminate or automate processes and make better decisions faster based on real-time data.
As you kick the tires on ERP systems, we want to help you get the most out of the one best suited to meet your distinct needs as a wholesale distributor. Here are 10 proven tips that do exactly that.
ERP Trends, Technologies and Misconceptions in 2023: Insights from our President
Managing data was a challenge for Alix Muller’s clients.
They owned small- and medium-sized businesses and came to Alix for help. In the mid-1990s, he had only recently launched his career as an accounting and finance professional.
Little did his clients know that Alix also had a long-standing passion for information management systems.
Inspired by the challenges his clients were facing, in 1999, Alix founded Commsoft Technologies, the operating company behind Fidelio Cloud ERP.
Needless to say, ERP systems have come a very long way since.
Given Alix’s unique perspective as a financial professional and founder of a tech start-up, we asked him some questions that may be on the minds of business owners considering a digital transformation.
The Difference Between an ERP and WMS: What You Need to Know and Ask
Your growing business has a lot of moving parts — and that’s worrisome. Your grip on the business feels less sure.
So you’re looking for a solution to stay on top of all this movement, especially in your warehouse operations, the foundation of your distribution or wholesale business.
Perhaps you’re unclear about the differences between a Warehouse Management System (WMS) and an Enterprise Resource Planning (ERP) system. In your mind, they may be interchangeable. After all, they do share some of the same functions.
In this article, we’ll explain what WMS and ERP systems do, highlight their differences, and guide you through the questions that will help you evaluate which solution would be right for you.