Chapter 1: The importance of ERP software for your wholesale business
August 2023 - Time is money. And in a wholesale business, a little more so. Delivery times are sacred to your customers, so all wholesale business processes need to be perfectly aligned. These three letters can make your life a lot easier: ERP.
All processes in your wholesale business ...
Purchase and sales management are undoubtedly crucial for meeting demand and meeting tight delivery deadlines. But goods in stock also deserve extra attention. If your stock is too low, delivery times increase and you risk losing customers; too much stock will eat away at your profit margin.
Do you also have your administrative duties covered? Smooth processing of orders, invoices and payments is essential to avoid bottlenecks. And because customers are becoming increasingly demanding and every euro counts, process optimisation in wholesale is a must. Clear insight into your figures and data is therefore required.
... in one ERP package
For all these reasons, an ERP system is indispensable in the wholesale trade. ERP, or enterprise resource planning, is an all-in-one software system that combines purchasing and sales processes, inventory management, planning, webshop and accounting, among others, in one package. For example, all invoices sent and received appear automatically in the general ledger. What is the advantage for you? Accounting that is always up to date without any effort on your part! So, you always keep a keen eye on the financial health of your business.
More efficient every day
ERP thus offers total control over all aspects of the wholesale business from one central system. All business processes are integrated, allowing you to identify bottlenecks and make necessary improvements quickly.
But there is more. With ERP software, you can automate a lot of manual and time-consuming processes within the wholesale business. Manually preparing invoices for accounting, for example (see above), but also optimising your stock management and arranging purchases and sales. This way, your wholesale business runs more efficiently daily and becomes more profitable.
