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Get a comprehensive understanding on potential for ERP Software
Get a comprehensive understanding on how to leverage maximum return and potential for ERP Software
Growing a trading and distribution business is challenging. Distribution companies need to balance various factors, such as forecasting, inventory, logistics processes with other traditional business departments, including sales & marketing, finance, customer service, and many more. Fortunately, Sage X3 is an easy-to-use and powerful software that bridges this gap.
The advent of industry 4.0 has led to massive disruption in the trading and distribution industry worldwide. Data analytics, machine learning, cloud, and AI are being used to analyze data and implement them in new ways that nobody thought in the past.
In the distribution industry, it means the standardization or democratization of information through modern ERP and creating new sources of revenue through eCommerce. Moreover, distribution companies also need to think about how the mobile revolution — the Internet of Things (IoT) and real-time applications — will change the industry further.
The onslaught of big distribution companies, especially B2B companies, has made this industry even more competitive. This is because they offer a wide variety of services, make more considerable investments,
have widespread networks, and have high purchasing power.
Although the competition has increased significantly, the opportunity for new markets requiring distributor services and products has also gone up. For example, look at the automotive industry. Traditional players and the new ones are trying to make a formidable place in the upcoming electrical vehicle segment. Similarly, new players are transforming the Food & Beverage industry by implementing industry 4.0 solutions. The essential thing to note is that every industry requires forming excellent relationships with the trading and distribution companies during their manufacturing cycle — acquiring raw materials or shipping finished products.
Therefore distribution companies need to implement new-age software solutions to maintain their validity in the industry.
Product innovation strategies can create new business opportunities and disrupt the supply chains. For example, in the food & beverage manufacturing industry, companies are sourcing farm-fresh products due to the rising popularity of organic products.
3D printing is expected to bring the next significant change. This technology will allow computers to manufacture small parts or products using materials such as ceramics and metals without any human intervention. This technology will significantly reduce the length of the supply chain enabling customers to receive finished products in only a few hours. Moreover, it will also allow companies to adapt to changing market trends and customer preferences quickly.
Disintermediation means companies reaching customers directly without any intermediaries in between. This concept has always posed a threat to traditional distribution channels, forcing leaders to circumvent this challenge.
The introduction of high-quality digital tools has increased the pace of disintermediation and this will only increase with time. Therefore, distributors must brainstorm long-term strategies to build unique capabilities that aren’t replaceable through developments in digital technology.
Sage X3 ERP software for trading company is the perfect solution to outdated and expensive ERP systems. Traders and distributors can replace their inefficient and inexpensive systems with Sage X3 for increasing their business efficiency and meet business needs.
Control all your financial needs — cash flow, invoices, budgets, and inventory from a single place and create detailed reports. Also, handle targets and commissions with ease.
ERP software for trading company ensure accountability of all stakeholders in the supply chain. Get a comprehensive understanding of all aspects of the inventory, warehouse operations, product profitability. Pick, stock, and fulfill orders efficiently.
Create, edit, and update records in accordance with global standards such as GDPR.
Create a mobile sales force that has complete visibility of each customers' past purchases, stocks, quotes from any connected device at any time and anywhere.
Manage supplier quantity and performance from a single dashboard. Enhance customer service by solving their queries instantly using mobile technologies.
Maintain required stock levels to keep cash tied up in excess inventory low.
ERP software manages different aspects of your business. For example, from inventory and warehousing to supply chain, finance & accounting, and customer relationship management.
Sage X3 is the best ERP software for a trading company. It contains numerous modules and applications that offer a broad range of services, such as customization, implementation, training, integration, and support. With Sage X3 ERP software for trading company, you will implement the right strategy for gaining better performance. The following points explain ERP applications in detail: