A rapid evolution
Technological evolution is moving at lightning speed, with different products and services entering the market every day, creating new possibilities and opportunities. The speed at which the offerings are increasing creates rapidly changing consumer expectations. This speed also creates pressure on companies, a pressure to keep meeting those expectations.
A wholesaler, importer or distributor also feels this pressure and faces new challenges such as digital evolution, e-commerce companies, faster delivery times, the increasing demand for accurate product information, etc. To meet these challenges, you must be prepared, your business processes must be able to deal with the unexpected, and your business software should be future-proof.
All this starts with an ERP system that is up to date and preferably stays so, an ERP system that is ready for the future.
Tip 1: Create insights into your own situation
What are your business processes? Where are the bottlenecks? How is the overview kept in your warehouse? Can you meet customer requirements even better? What are your objectives?
By considering these questions, among others, you will get an overview and insight into your business situation and where you want to go.
Tip 2: Choose an ERP package that is flexible and helps your business grow
A suitable ERP solution must have the ability to respond to the (currently unknown) developments of the future. In addition, it must be flexible and dynamic enough to fit perfectly into your own processes and structures.
Microsoft Dynamics 365 Business Central is an ERP system that can be deployed immediately in any SME. This application allows you to start with a basic version with functionalities of interest to every entrepreneur. You can complement this with modules targeted to your business, e.g. the Distri+ module of iFacto, which offers an addition of functionalities targeted to every wholesaler and distributor.
When your business is ready, you can expand even further with additional modules for document management, e-commerce, business intelligence, etc. This way, your business software grows proportionally with your business.
Tip 3: Use advanced reporting and business intelligence
Measuring is knowing, and so reporting capabilities integrated into your ERP and business intelligence are curcial for companies that want to respond quickly to trends. By analyzing your business data, best practices can be identified, changes in the market can be noticed, and good or poor performing products can be detected. You can make calculated changes with the highest ROI, lowest risk, fastest picking, etc. Based on Microsoft Dynamics 365 ERP, there are several solutions for this advanced reporting.
Tip 4: Go for automatic upgrades
A future-proof ERP is a dynamic system that is easy to upgrade. Monthly, semi-annual or annual automatic upgrades ensure that high costs and long lead times are a thing of the past. Also, you are always up to date with the latest trends and can remain competitive in a demanding market.
iFacto is continuously working on the further development of the Distri+ module. Thanks to the possibilities that Dynamics 365 Business Central offers on a technical level, you can immediately enjoy continuous growth of your ERP application. A team of experts closely follows the trends in the world of wholesalers and distributors and tries to translate these challenges into an enrichment of the ERP application.
The ‘golden’ tip 5: Find a partner that suits you, who specializes in wholesale and distribution
While no one can predict which exact trends will be the new challenges in the coming months and years, it is crucial to have a good partner who can respond quickly and think along to turn these challenges into opportunities. A partner who has experience in your industry and can think with you about optimizing your business processes. iFacto has been a leading partner in the re-computerization of wholesale and distribution companies for 15 years, with the Distri+ module that guarantees a future proof solution. This module is implemented by a team of well-trained and driven consultants.
Would you like more information about our solutions? Feel free to contact one of our experts.
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