Retailers want assurance that the product they ordered will be delivered on time and without any complications. According to NIA (Newman’s International Associates), a headhunting company, the digital transformation of the wholesale industry is ensuring these demands are met.
Streamlining and Automation
Archaic practices and outdated systems hold wholesalers back from fulfilling their business potential. Manual processes, excel sheets, orders, billing, and delivery are cumbersome and burden the whole business. The manual transference alone from paper to computer and back effectively wastes the valuable time of their employees.
The use of automation in wholesale markets has increased productivity greatly. Integrated electronic processing systems help streamline entire processes, speed up processing time and ensures accuracy.
Real-time data
Informed decisions that steer a business can only come through live data accessed on the go rather than from an outdated desktop system. Managers make accurate, informed decisions and anticipate issues that may need attention even before these come to light. This ensures that troubleshooting, problem-solving and problem avoidance are managed correctly.
Agile Decision Makers
Qualitative and quantitative data hand in hand give wholesale managers the agility to navigate modern markets. Being flexible in today’s environment is a must, and having the right data on hand is the only way companies can guarantee that flexibility. With the real-time information, wholesale companies can be reassured that their customers will receive the service they expect. And through proper resource planning and accurate updates on inventory and shipping schedules, managers can make appropriate decisions as needed.
Inventory and Supply Chain Logistics
Integrated processing systems allow the supply chain to operate at peak efficiency. Accurate real-time inventory data is crucial so that supply managers know precisely how much stock they have at any time and are alerted when levels are running low.
Warehouses will also be stocked more efficiently. Through integrated systems, supply managers can know exactly what they have at all times and even be alerted when certain items are running low.
Additionally, supply chain managers can keep schedules from clashing and make sure that they always have a delivery method available. Supply chain managers can use an integrated process to keep wholesalers informed of their shipments.
Read more here: https://nia.agency/digital-transformation-in-wholesale-trade/
Have any queries about how your wholesale organization can benefit from Zooloo's digital solutions? Contact us at sales@zooloo.asia.
Explore more
- Read about The Digital Transformation Journey
- Learn more about our “Digital Backbones”
- Learn more from our eBook series on Digital Transformation for Wholesale Trade
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