An ERP software can offer game-changing advantages to companies in the trading and distribution sector. Having a modern, automated ERP system for distribution and inventory management can help increase visibility, improve demand planning, and increase accuracy in reporting.
Here’s why trading and distribution businesses must capitalise on an ERP software:
An ERP system for distribution companies ensures that the ERP users can consistently have a clear picture of the inventory flow into and out of the company.Empowered with the ability to clearly see both inbound and outbound product flows, trading and distribution companies can easily makeaccurate demand forecasts and decisions. With an automated ERP-based distribution software, distributors can benefit by getting a complete view into their supply chain and benefit from better insights.
Smooth inventory management
Many wholesalers are turning to ERP automated distribution planning software to help streamline their inventory management processes to eliminate the scope for human errors. Additionally, an ERP for distribution processes eliminates time lost in manual inventory management. Automated inventory management allows users to track and manage data across multiple geographies and currencies, all while giving real-time visibility into current inventory in transit and stock.
Precise demand planning
Another benefit of having an ERP for distribution processes is the demand planning capabilities that it can bring to the business. ERP software users can utilise the power of predictive analytics based on past trends and get a clear picture of the stock needed to run a business effectively and efficiently.
An ERP-based inventory management software offers accurate reporting by providing end to end visibility needed for decision making. Furthermore, it can help compile data into timely reports for both internal and external purpose. This helps the organisation respond more quickly to complex data reporting requests and makes compliance with industry reporting standards easy.
Overall, an ERP solution benefits the business through automated scheduling and workflow capabilities.The distribution management software automates purchasing decisions and purchase order approvals. It also allows users to automate the scheduling of a variety of tasks. Users can benefit greatly and help the businesses grow without any hassle.
Also Read: 5 secrets for a successful ERP implementation