Running a business efficiently and effectively is no easy task. With a multitude of figures and data to process and a growing list of KPIs to meet, businesses often face struggles with optimising day-to-day operations. This leads to wasted money, low productivity and inability to remain competitive.
This is where an enterprise resource planning (ERP) system becomes key to the successful functioning of a business. By utilising a single database to keep track of all your operations, you can more easily identify shortfalls in any of your processes and where efficiency improvements can be made.
Finding an accounting solution that meets the unique requirements of your company has been a challenge for businesses. Many providers offer solutions that are structured rigidly with little room to adapt to your needs, while other solutions are far too big, complicated and expensive for most business.
ERPNext offers a flexible and customisable solution that can be finely tailored to the specific needs of your business. From smaller companies with more basic ERP needs to large enterprises it can be adapted and expanded to work for your business and grow with you.
For wholesale and distribution businesses, the main challenge remains the same: how to do more with less. Like it or not, we’re all now part of a fast moving global digital economy, a factor that puts even more pressure on the warehouse and distribution sector to increase business agility while saving money, especially when up against larger global players. Sluggish economic growth across the country, in combination with stringent regulatory requirements, complex supply chains and ever-changing customer demands, make for extremely challenging times. In grocery wholesaling in particular, wholesale bypass and heavy supermarket discounting have compounded this landscape further.
In light of all these pressures, more and more wholesale and distribution businesses are realising that their long-standing manual processes just aren’t agile or flexible enough to efficiently manage operations. For those who are using a mix of legacy manufacturing systems, many of which are often outdated and disjointed, they just don’t have the necessary functionality to provide the levels of control and agility necessary to operate in today’s digitised economy. With this in mind, more and more wholesale and distribution businesses are tackling the issue of organisational digitisation in the hope that it will enable them to steal a march on the competition. Forward-thinking organisations are investing in systems which span multiple back-office business functions, including financials, stock, CRM Software, HR, inventory and purchasing, making a real difference to their key business processes by getting them in good digital shape ready to fully embrace digitalisation throughout the business.
A streamlined, efficient business
A combination of disparate POS systems and time-consuming manual processes means that bringing together key business information can be a lengthy, error-prone process. By automating crucial business functions, freeing-up staff whose time is spent on inventory control, warehousing and delivery note scheduling, centralised Enterprise Resource Planning (ERP) solutions save time, increase efficiencies and prevent the errors that invariably occur when transferring data manually. This results in a more efficient, more proactive and more productive business, with staff able to better focus their efforts on activities that add real value to the business as a whole.
Too often, wholesale and distribution businesses don’t have access to the right information when needed. Pulling together information from all areas of the business can take a long time and, in the time it takes to access this information, more digitally-enabled competitors will have taken the lead. Integrated business management software provides a central repository for all business information, automatically amalgamating data from across the organisation. This gives employees direct, instant access to key business information at the click of a mouse or the swipe of a screen. For wholesale and distribution businesses to have any hope of keeping pace with rapidly moving digitised markets, then this timely access to comprehensive data is a must.
Not only is this improved access to information a major benefit of implementing a sound business solution, but the quality of information that can be derived easily from such a system is a massive bonus too. By turning business data into real management information, in real-time and delivered direct to your screen, the right system provides in-depth levels of business insight on which to base timely, robust decisions. For wholesale and distribution businesses in particular, their ability to respond rapidly to changing customer and market requirements is vital, something that’s only possible if you have full confidence in the information on which you’re basing your decisions.
The right technology investment ensures increased business agility and flexibility, with digitised processes and procedures underpinning everyday operations with rapid, effective decision-making, saving time and money in the process. If wholesale and distribution businesses are to transform digitally, they need an integrated, business-wide business management system in place. The efficiencies this brings enable wholesale and distribution organisations to grow their businesses, reaching beyond their traditional limits and taking their rightful place in the growing digital global economy.