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If you’re getting sick of the disruption caused by the coronavirus outbreak and subsequent lockdowns, you’re not alone. After four-plus months of this, money may still be tight, but restrictions are starting to ease. As a distributor, this is great news.
Modern cloud-based ERP software gives organizations the opportunity to do business better, easing processes and boosting efficiency that leads to growth. Companies can benefit from implementing a system that manages supply chain and logistics activities, including warehouse management, inventory management, and order management (sales and purchase orders) — while also integrating these activities with financial and sales data.
For distribution firms, your business is built on client satisfaction. However, in recent years, clients have come to expect more from their distributors and the complexity of the market has created an environment in which your company needs to act more quickly, operate with more efficiency, and see more clearly. With even more change on the horizon, the next few years will be even more disruptive, more tumultuous, and more complex—and it’s on you to adapt to client needs and competitive evolution.
Everything about running a distribution firm specializing in food and beverage is a challenge. Expiration dates are short, the regulatory environment is strict, and quality assurance is a must. Worse yet, these pressures come from all sides. Whether a supplier recall leaves you scrambling to communicate with clients, a seasonality fluctuation results in too much or too little product, or a new trend in the food or beverage industry creates supply challenges, the fast-turn world of food and beverage distribution presents unique challenges that require timely decision-making, visibility, control, and collaboration.
The wholesale and distribution business continues to evolve. Pressure from customers, suppliers, and competitors has changed the way distribution firms need to operate. Whether it’s pricing, shipping speed, inventory control, information flow, or one of the many other challenges commonly faced by those who specialize in wholesale and distribution, companies are finding that it’s becoming harder and harder to keep up if disparate systems are holding them back.
Enterprise Resource Planning (ERP) software has been around for decades, and during that time has continued to improve. Vendors have found new ways to tailor software to the unique needs of industries, allowing companies in each industry to find an option that works best for them.
While self-driving trucks may still be a few years away, this doesn’t mean distribution isn’t in a continual state of change. Customers demand more than ever; the channel has evolved, and distribution channels are becoming more complex and information-driven than ever. Today, we would like to discuss with you three of the challenges you may face going forward, discussing how top performers are staying ahead of the curve.