In the growing wholesale marketplace, manufacturers are now transacting directly with retailers, effectively cutting distributors out of the equation.
Competition from the global marketplace dictates that inventory costs be kept as low as possible and that business runs as lean as possible.
Distributors need to adapt advanced technologies such as RFID, robotics and smart machines to stay competitive, but investing in technology is expensive and time-consuming.
Establish robust processes and systems to ensure that wholesale distributors have full visibility of customers, orders, SKUs, inventory and billing.
Transform the business by adding relevant e-commerce and omni-channel capabilities. These capabilities can differentiate the business by offering superior customization options and enhance the overall customer experience.
After transitioning from legacy systems to the cloud, deeper wholesale industry problems can be addressed. These include inefficiencies in the supply chain, automation of systems, setting up RFID tags and more.
Once legacy systems are cut out of the environment, focus shifts to establishing robust warehousing and transportation management systems. This will improve warehouse and operational productivity and accuracy, as well as cut costs and optimize field and freight movements.
Now, business will accelerate at an unprecedented pace as innovative and disruptive strategies are implemented. Such strategies include pricing and margin management, and business intelligence, or marketing automation, that can scale up margins for business.