Demand planning and management involves reduced inventory. As well as, enhanced customer satisfaction. This requires an effective demand process. To develop inventory forecasts, service production, inventory planning are all part of the process. This is important in wholesale distribution because it helps the distributor report demand and know customer demands….
A wholesale distribution business involves warehouses and large volumes of inventory. Many goods come in and go out every day. Without the right tools, it’s impossible and impractical for the employees to keep track of the inventory. Also, efficiently conduct warehouse management. Even small distributors have at least five warehouses…
Technology is an important part of any business. But the technology that used to work twenty years ago no longer works, and if a business remains stuck with outdated solutions, there will be poor efficiency and slower growth – things that business always wants to avoid. As a business scales,…
The wholesale distribution industry faces a great challenge today. With large public warehouses such as Amazon getting into wholesale distribution, it is a real competition for small wholesale distributors to keep pace. Since the larger corporations have more resources, money, and technology, they can massively cut down on costs and…
Mid-sized distributors are those that have scaled their business to an extent and use some form of on-premises technology for their day to day operations. A wholesale distributor is categorized as midsized when they handle more than 100 but less than 500 orders a day and have less than $50M…
A wholesale distributor, big, medium, or small, deals with large volumes of goods on a daily basis. To be able to keep track of every item that comes in or goes out, proper inventory control is required. When a business is small, manual inventory control is possible because there is…
There are several one-size-fits-all financial applications in the market, which comes cheap and promise to deliver quick results. Even though you may think that these cheap and quick solutions are right for your business, they actually aren’t, because every business is unique and needs a unique solution. When you use…
There are several aspects of a wholesale distribution business that can be tough to handle. From balancing inventory, to forecasting, to handling logistics processes, sales, customer service, there’s so much to handle. If the business continues to use old, outdated programs to manage all these aspects, not only will it…
Starting 2010, the original baby boomers have been reaching the retirement age of 65 or older. The reason for delayed retirement is mainly finances. A large percentage of the older population still needs to work because they haven’t been able to save enough for retirement. More than half of the…
Businesses have been known to handle HR administration and payroll separately. Payroll was traditionally seen as the work of the accounting department, but in recent times, an increasing number of companies have decided to integrate it with HR. Integrating HR and payroll can not only save money but also boost…
