10 Tips to Help You Get the Most Out of Your ERP System as a Wholesale Distributor
Your sales are flying, but profits are only limping along.
That’s not what you expected for your wholesale distribution business.
But with growth came mounting complexity:
Thousands of SKUs quickly moving in and out of your various locations
Daily headaches from your wide-ranging supply chain
A non-stop balancing act in inventory management as you scramble to get customers what they need without choking your cash flow
Moreover, competition is fierce and customers seem ready to switch their business at the slightest letdown in service.
Fortunately, you’re well into your search for an ERP system.
That software’s capacity for centralizing data from all your business functions will give you complete visibility into your operation in real time. You’ll eliminate or automate processes and make better decisions faster based on real-time data.
As you kick the tires on ERP systems, we want to help you get the most out of the one best suited to meet your distinct needs as a wholesale distributor. Here are 10 proven tips that do exactly that.
The Difference Between an ERP and WMS: What You Need to Know and Ask
Your growing business has a lot of moving parts — and that’s worrisome. Your grip on the business feels less sure.
So you’re looking for a solution to stay on top of all this movement, especially in your warehouse operations, the foundation of your distribution or wholesale business.
Perhaps you’re unclear about the differences between a Warehouse Management System (WMS) and an Enterprise Resource Planning (ERP) system. In your mind, they may be interchangeable. After all, they do share some of the same functions.
In this article, we’ll explain what WMS and ERP systems do, highlight their differences, and guide you through the questions that will help you evaluate which solution would be right for you.
How to Get ERP Grants to Kickstart Your Digital Transformation
Governments want to help your business start its digital transformation.
“Really?!?” you might think.
Or even: “Who has the time or expertise to deal with the government? They work in mysterious ways.”
They don’t. Or at least, some experts can help.
The Canadian and Quebec governments are actually very receptive to growing companies looking to improve their productivity through investments in technology and business processes. Enterprise Resource Planning (ERP) software is a perfect fit for some of these government grants.
It was like switching from clay tablets to papyrus.
The invention of Electronic Data Interchange (EDI) in the 1970s enabled businesses to take document exchange to a revolutionary level of speed, accuracy, and transparency.
As the term EDI indicates, this exchange happens electronically between one computer and another. Through this technology, a wide range of documents that used to be exchanged physically, such as sales orders, invoices, shipping status statements, and payments, can be transmitted electronically, without human intervention to input or interpret the data.
5 Ways CFOs can Navigate Through Inflation with an ERP
CFOs everywhere are sitting in the hot seat.
Companies face price inflation that hasn’t been seen in four decades. Supply chains, still staggering from the pandemic, have been disrupted again by the Russia-Ukraine war.
Meanwhile, on Main Street, business shutdowns and openings due to COVID-19 have provoked tidal shifts in customer demand. Amid this turmoil, the labour force is experiencing a reset of expectations about work. As a result, the cost of hiring and keeping the best talent has gone up.
How ERP Can Optimize Your Business' Batch Management
Running a business requires a lot of supervision. This is particularly true when you work with time-sensitive products such as food items, beverages, or pharmaceuticals. As with anything that humans ingest, you must be mindful of freshness and expiration dates, amongst many other factors. Batch management has been around for many years but, as production increases, so does the potential for human error. Using an ERP software for lot management maximizes your business’ control over day-to-day operations while allowing you to plan ahead efficiently.