
How the cloud can revolutionise business financial management
Are you a CFO looking to move your business to the cloud? Here's a few pointers to think about and steps to make it a reality.
Sage X3 is your road to success.
Business growth and efficiency can be tough, especially for distribution companies that have to balance inventory, forecasting, and logistics processes with sales, customer service, and everything in between. Luckily, this is where a powerful, easy-to-use solution for enterprises can help.
The complexity of wholesaling presents major business challenges such as huge product inventories, narrow margins, diverse downstream customer requirements, long lead times, and unpredictable supply.
But can you overcome these three key challenges?
Mobility, both in the warehouse and when on the road, is one of the major trends affecting your industry—without it, your team can end up being tied to a computer terminal or wasting a customer’s time in the field. Your business can’t afford to be left behind.
No distribution business will make a profit or survive if customers are left waiting because products are out of stock. Inventory management is a constant balancing act to match demand to stock levels—and getting it wrong can be disastrous—leading to lost sales, too much cash tied up in excess inventory, and damaged customer relationships. Fixed assets, in the accounting sense, also have to be kept as low as possible as they represent a significant cost in the annual financial statements, and achieving this involves increasingly complex calculations.
How many units were shipped last month? What’s your most popular item? Who’s your best customer? Which warehouse sees the most turnover? For distributors still using disparate legacy systems like spreadsheets and homegrown databases, getting answers to these questions in an efficient and timely way can be extremely difficult.
Improve visibility across the supply chain to ensure accountability for all stakeholders—from suppliers to customers. Understand all aspects of your inventory, product profitability, order to cash, and warehouse operations so you can stock, pick, and fulfill orders more efficiently.
Make better purchasing decisions and margins and manage supplier quality and performance. Manage sales force assignments with ease and track corresponding targets and commissions.
Empower a mobile sales force with visibility into customers, stocks, past purchases, quotes, and promotions through any connected device.
Robin Lim, Operations and Admin Manager
Cairnhill Metrology Pte Ltd, Singapore
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