Ever since equipment wholesalers and distributors have served a significant role in the product distribution cycle. As technology making advancements at a fast pace, distribution companies have noticed a plethora of opportunities and difficulties.
To deliver products and services on time at the right place, the company should have up-to-date information on pricing, product availability, inbound and outbound transfers, and so on to meet customers’ requirements. Enterprise Resource Planning (ERP) is a scalable business management solution that carries a wide spectrum of features that streamlines production, supply chain, front-office, and back-office processes, everything within a single database.
With the right ERP software, equipment distributors and after-service providers can take their business a notch higher while reducing stock-outs, saving time, minimising costs, and ensuring optimum customer satisfaction.
Why Choose Acumatica ERP Software?
Why Equipment Distributors Should Consider Implementing ERP?
One of the major reasons why wholesalers and distributors should start looking for a modern ERP system is because the legacy system couldn’t be able to achieve advanced capabilities and operations. Businesses should choose an ERP with powerful features that meet all requirements and save them from a costly affair in the future.
From inventory to supply chain, analytics and reporting, customer service, document management, financials, and job costing, you will have a single centralised interface to track, manage, and evaluate all business functions. ERP system will help you gain real-time visibility on orders via direct sales, online, or mobile device, which in turn avoid inefficient applications and offer a single unified system for end-to-end business processes.
ERP Features Crucial for Distribution Businesses
The ERP system can help distributors deals with medical equipment, electronics and components, construction materials, auto parts, and other business niches. It’s time to switch from an obsolete legacy system and adopt a modern ERP system to run your business workflows smoothly and efficiently. Here’s the list of features ERP offers for distribution companies:
Sales Order Management
This can help automate order processing by driving customer data and ordering tools like POS. It basically covers key functions that include:
- Sales order processing
- Sales order inquiry
- Reporting and analytics
- Shipping management
- Self-service for vendor and customer
- Customer pricing
Financial Management
Accounting components encompass financial planning tools that give you a clear picture of your financial health and customer satisfaction level. It supports tax regulations, cost calculation, and multiple currencies for your area of operations. It covers:
- Profitability analysis
- Asset management
- AP & AR
- Budget forecasting
- Order billing and invoicing
- Financial reporting
- HR & payroll management
- Taxation management
Customer Relationship Management
You can sync your accounts, contacts, and customer interactions in a fully integrated ERP system. It allows you to gain useful insights into customer behaviour while distributors can fulfil customer needs with the following CRM features:
- Contact management
- Inquiry management
- Promotion management
- Quotes and estimates
- Sales force management
- Predictions and analysis
Inventory Management
ERP will help businesses gain real-time stock insights, alongside the ability to predict inventory to meet customer demand. Functions include:
- Inventory costs
- Demand forecasting
- Inventory replenishment
- Requirement planning
- Warehouse management
Ecommerce for Distributors
Distributors are involved in B2B e-commerce where they require relevant software to connect with manufacturers, vendors, and wholesalers. The ERP software helps you gain accurate, real-time data of your online store that leads to a better customer experience.
- Customer interactions data
- Pricing and user group
- Order fulfilment
- Invoice and inventory
- Sales order
- Delivery and returns
Automate Business Processes and Prevent Errors with Acumatica Distribution Management
Acumatica Distribution Management is a cloud-based ERP software that can help streamline supply chain and logistics activities, such as warehouse management, inventory management, financials, sales and purchase orders, etc. It is integrated with a warehouse management system, CRM, field service, manufacturing, and project accounting that ensures better visibility and efficient modules to handle the entire organisation.
Whether you’re in the office, working remotely, or on a business trip, you can track purchase orders, stock transfer, inventory levels, and customer needs anywhere at any time. If you’re looking for flexible deployment choices, unlimited user licensing model, and resource-based pricing, Acumatica Cloud ERP implementation could be a smart bet to shape a profitable and efficient distribution business.