5 Tips That Wholesalers Can Use To Better Manage Their Warehouses
5 Tips That Wholesalers Can Use To Better Manage Their Warehouses
1. Offer special pricing for your overstocked inventory
Building savings campaigns for your overstocked inventory through daily, weekly, or monthly deals, lets you one-up your competition, and move your merchandise quickly and easily. Retailers will watch for these specials and will appreciate the added savings they receive when they deal with your company which means – yes, you guessed it – more orders!
2. Make ordering, delivery, and billing as seamless as possible
Automate your order management and product distribution processes as much as you can. This means less waiting for busy retailers who want a simple, streamlined process, putting your company near the top of their lists of wholesaling firms to bring their business to. It’s important to utilize an inventory management software that can streamline the operations for you!
3. Give your sales reps what they need to succeed
Do your sales reps have all the information they need going into sales appointments? Forward-thinking wholesalers, manufacturers, and distributors are understanding that in order to make sales in this day and age, sales reps need to add value to their sales conversations, not just go through the motions of writing down a reorder. Using a capable CRM is the next best step to creating more sales, and maximizing the sales process.
4. Differentiate on customer service, not price
Wholesalers who can differentiate their brands by providing great customer service are seeing returns. Think about how you can create a modern, convenient experience for your customers. How can you fulfill orders more quickly and replace transactional activity with strategic value? The short answer, is increased customer service. By tracking what your clients are purchasing and how often they do it through a sales order management software, you can get an insight into making sure you are their go-to distributor.
5. Get your inventory under control
You can’t run a profitable wholesale distribution business if you don’t have a good handle on inventory management.
Tracking incoming/outgoing inventory, doing regular physical inventory counts, and implementing a great inventory management software, are all key in keeping your inventory in good standing.
Wholesalers can optimize their business by implementing these strategies within their warehouses today.
The Importance of Choosing The Right ERP Solution The First Time
Is It Really Important to Choose the Right ERP Solution the First Time?
These statistics seem to say it is.
- 80% of customers are unhappy with their current ERP.
- 60% of ERP projects fail.
- 90% fail to deliver any measurable ROI.
- 95% of failure companies dedicate less than 10% of total budget to education/training/change
- 41% of enterprises fail to realize less than 50% of all benefits.
What can go wrong if you don’t?
The System implementation can take longer than expected. The Lack of training causes lack of confidence and efficiency. The system isn’t as easy to use as predicted, causing a loss in time and value. The system isn’t cloud-based, meaning sales people can’t work on-the-go. Companies fail to realize less than 50% of all benefits because of a lack of training and efficiency that over-complicated and expensive ERP systems.
Great ERP systems need to be able to prevent and avoid these problems at all costs.
The solution is to make sure the ERP you choose has: a good price, ease of use/customization, scalability, and is cloud-based/accessible everywhere.
Don’t miss out by getting a complicated ERP system that you will hate; get a sophisticated ERP system that’s easy to use, and the entire company will love.
Kechie ERP – The next generation of Cloud-based ERP solutions.
Kechie ERP is ready to go and easy to use. Get training along the way with built-in, specific training videos. It is the most customizable ERP system that adapts around your business, not the other way around. Not to mention, Kechie ERP is the most affordable ERP compared to the other top-named brands. With a 100% user satisfaction rate, Kechie continues to provide the very best for all businesses looking to increase their ROI’s, grow, and expand.
Try it for free now at no risk, and see how easy and essential it is to any growing company.
What have you got to gain? A complete revision on how efficiently and easily your teams can manage your company collaboratively without any of the downfalls.