Is your distribution business overstocking? Then it’s probably time to make positive changes to your inventory management. Businesses lose sight of the consequences of carrying more stock than is required, and this is a common folly among enterprises big and small. The all-too-obvious risk is that the amount you spend to store inventory just goes up.
There are other pitfalls as well. As the expiration dates of these products draw near, depreciation kicks in, which means the value of these goods might take a big hit! Now for the worst part. Trends come and go, so goods held too long in storage, like, say, fashion wear, might have to be sold at a steep discount, junked, or handed to charities. So, a distribution management system is a must.
With items not available when the customer needs them most, the retail customer might simply go ballistic! And to prevent out-of-stock scenarios, businesses would end up paying suppliers and logistics providers more to get products in the nick of time by costlier air freight instead of shipping lines. Another case for a distribution management solution!
Lean approaches might also overburden staff, and employee turnover is the other sore point businesses and their HR teams will have to deal with in the near-to-medium term. The other downside is that by ordering small quantities of stock every once in a while, procurement teams will lose out on “quantity discounts” sellers typically offer. So, maintaining the right stock level is a balancing act.
It can be an awful tightrope walk for businesses still stuck to outdated applications such as spreadsheets. On the other hand, purpose-built inventory distribution software - like Logo J-Platform DMS will make your inventory management as simple as ABC!
First things first. There is a lot more to Logo J-Platform DMS than just inventory distribution. This centralized inventory distribution software unifies data from across multiple sources in your distribution business, so your business users can access accurate and consistent data – all in real time. Furthermore, Logo J-Platform DMS takes care of your promotion scheme management, sales rep tracking, customer order processing, and payment collections. Logo J-Platform DMS is your all-in-all, so to speak. Enterprises across sectors, from FMCG, CPG, electronics, electrical, and toys to automotive, agriculture, stationery, cement, and bath ware will vouch for its productivity and user-friendliness.
By helping you achieve the right balance between demand and supply, Logo J-Platform DMS reduces the risk of overstocking and stockouts to the smallest possible degree. With this distribution ERP tool, your teams get real-time data with demonstrated practical value all in one place and in an easily digestible format. Access to instant data from upstream (e.g., manufacturer) intermediate (e.g., logistics providers) and downstream (e.g., retailer) participants in your supply chain will help you estimate customer demand more accurately, anticipate potential supply chain issues, and maintain safety stocks to cover unforeseen events.
Your staff can put this data into action instantaneously to improve their effectiveness and achieve their desired results faster than before while reducing their direct and indirect costs. For instance, you can generate more sales and bigger deals without adding more sales reps or overshooting your sales budget. The solution will accurately track the effectiveness of your sales reps as well as calculate sales commissions.
Essentially, Logo J-Platform DMS automates and integrates your stand-alone processes associated with a customer order (namely, order receipt, shipment, invoicing, payment receipt, and accounting) to significantly save labor, time, and cost. The experts behind this distributor order management system can help your enterprise realize all these metrics and more. Contact us: +91 8433733535 / +91 9004403222 / sales@logoinfosoft.com
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