New year resolutions to accomplish for your distribution ERP project

We have finally set foot in 2023. In the business world, the experts unleashed that we will see many trends transforming businesses digitally.

ERP software is one of the most incredible innovations helping businesses to collect, store and analyze large amounts of data. Even ERP systems are evolving. In 2023, it is expected to be enriched with more features to transform businesses.?

Distribution is a significant part of the business. It is the function of selling and delivering products from the manufacturer to the supplier and from the supplier to the customer. The issue is that when businesses become global, it is essential to improve the distribution process. Supplying the product on time is vital, as it is equally crucial to make the customer happy and satisfied.?

Types of distribution channels

Distribution channels can be categorized into three types.

1. Direct

In this type, the consumer directly purchases the product from the manufacturer. A consumer buying the product directly from the manufacturer will reduce the cost. It is a short channel.

2. Indirect

In an indirect channel, the consumer purchases the goods from a wholesaler or a retailer. Brick-and-mortar stores are examples of indirect channels.

3. Hybrid

In the hybrid type, both direct and indirect channels are included. The manufacturer will use both distribution channels to sell the product.

As you have gained more insights about the role of distribution in the business, let's learn how an ERP system will help this process.

• It helps in maintaining retailer alliances.
• Faster shipment and accuracy.
• Data transparency in the entire distribution process.
• View up-to-date data in real time.
• Simpler product tracking.

Distribution is a crucial function for any business. It begins from procurement to warehousing to financials and sales, ERP provides the visibility and the control you need to manage the distribution process.?

Here are some new year resolutions for your distribution ERP project:

Optimizing your inventory?

Analyze and study the movements of the past and create strategies for the future. Track and record all the actions of the past, including shipping. Note that each move costs. So keeping all the transactions detail into account is also vital.?

ERP software records the accurate number of stocks stored in the inventory with the duration of its stay. If the stocks are less or overflowing, it can notify the employee. It will be easier to sort and classify fresh and about-to-expire products. Manage this operation easily with ERP software, as it brilliantly and accurately maintains the data for each product.

Analyzing how much you are charging your customer

As said earlier, every product move in the distribution process costs. Recording all these transactions is essential. Review all the transactions of your customers. There is a difference between the customers who order first and those who order last and still prefer early delivery. The customer who wants a list of products to be delivered faster must be examined.?

A business is operated for profit. Of course, customer satisfaction is essential. When the customer demands fast delivery, the correct pricing analyzing the market has to be added. ERP systems record all transactions, and with these insights, the pricing for different types of delivery can be fixed.

Focusing on the quality of your product

You are operating a business in a highly competitive market. If consumers are unhappy with the quality of your product, they will easily find another one soon. Consumers purchases a product based on product reviews. So focusing on quality is crucial for your company.

You can rely on an ERP system to make high-quality products based on customer demand. Derive insightful data from the market and plan to create your product pinning your focus on quality. Plus, you can create your product complying with the government's regulations.

ERP solutions are the best to monitor the distribution process. It helps you to stay competitive and achieve growth and success. All you have to do is to invest in an efficient system for your business.

At?Sage Software Solutions (P) Ltd., we are home to world-class?ERP software?and?CRM software?that will solidify your business tech support fundamentals and enable you to build a customer-centric organization. You can also write to us at?sales@sagesoftware.co.in