In an industry where customer satisfaction is the top priority, it’s important to create strategies that support and understand customer needs. With the ever-changing demands of today’s market, lagging behind is not an option. To support customer needs and become a leader in the distribution industry, a modern ERP solution is quintessential for success.
With that said, distribution companies are eyeing the future with a bold, new outlook. Cloud-based ERP solutions are beginning to change the way these businesses operate. Cutting-edge, cloud-based software is changing the game in the way distributors operate — in what is known as one of the world’s most pervasive and complex industries.
By implementing a cloud-based ERP software, companies are better able to manage supply chain and logistic activities, which includes warehouse management, inventory management, and order management (sales and purchase orders), and integrate these activities with the company’s financials and sales.
It’s no secret that today’s business environment has become international with bigger audiences than previous years, and vendors are hitting previously untapped markets. There is great reward for companies that are able to reach worldwide, but with that comes substantive risk.
Half of all businesses experience more than one supply chain disruption per year, and almost 55% of such events cost more than $25 million; further, one-in-five costing over $500 million, according to the International Risk Management Institute.
Needless to say, there are not many companies who could take on such a hit — most would end up shutting doors and closing indefinitely. So, what should a company do? The best solution is to try to avoid such an occurrence.
Modern ERP software can help to prevent risky disruptions, keeping distributors armed with powerful analytics capabilities and data-driven insights to help steer clear of trouble and costly mistakes.
Breaking down silos between internal departments can prove beneficial to distribution companies; however, end-users will need a data management system that can do the same. Bringing departments together connects partners, countries, cultures, and also currencies. Integrating software capabilities connects financial and operational matters in cross-border commerce with key metrics that can be viewed and digested via dashboards.
Transparency isn’t only beneficial to end-users, but also for customers and partners, as well. Relaying information to clients through fulfillment notifications before and after delivery is a great customer satisfaction approach. Field work and remote reporting is on the rise, and companies who make working off-site easier will reap the benefits.
Mobile access provides end-users with access to real-time inventory data. All that’s required for mobile admission is a Wifi signal or a browser that allows for internet access. With this helpful feature, employees won’t feel chained to their desks or limited to a typical 9-to-5 in order to complete tasks in a timely manner. It may make the difference in sealing a deal, beating out less agile competition.
Workforces who are using a modern ERP system will likely see growth in internal abilities. End-users will spend less time on dreadful, time-consuming tasks and spend more time on other efforts to increase efficiencies and grow the business.
Distribution includes many moving parts — manufacturing and safely delivering product doesn’t have to be a heavy, manual process. That’s now a thing of the past!
Thanks to automatic notifications, processes move much more smoothly. An ERP system is fast at work to ensure all is optimized, and products are moving through the supply chain efficiently. A new sale or return sets matters in action by notifying the appropriate end-users for follow up or sign off. Everything is documented within the system, so users and departments can be tracked or identified as needed.
Realizing when a company is ready for a cloud-based, modern ERP solution is the first step of the journey. The award-winning Acumatica Cloud ERP offers its Acumatica Distribution Edition, which includes Advanced Inventory, Requisition Management, Purchase Order Management, Warehouse Management System, and Advanced Financials. The system integrates fully with Acumatica’s CRM, Manufacturing, Field Service, and Project Accounting software – providing clear visibility across the complete business.
The ideal partner should understand a company’s capabilities, as well as how to improve efficiency to optimize growth. With over 25 years of experience, ACC Software Solutions, brings cloud expertise by implementing, monitoring, and supporting effective cloud-based ERP solutions. Contact the ACC team to begin your ERP discovery.
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