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ERP Software for Trading Companies

When people, resources and organizations are optimally aligned, the chance of success for a company is maximized. To be able to coordinate these factors, the use of automation is almost indispensable. Provided that it's well designed, such an automated system offers a lot of support to ensure that your work processes proceed according to the plan and satisfaction of those involved. That makes it possible for your organization to grow further and to develop to the next level. ERP software is one of those important automation tools that gives more control over administrative, financial and personnel processes, among other things. However, ERP isn't a goal, it's still a means. But a good tool, if properly applied and furnished.

Strategic

ERP is definitely a crucial asset for trading companies. With all the information and insights that you can get from your ERP solution, you're able to better organize and manage your business processes. This allows you to respond faster and better anticipate developments in the market and with your customers. You can better serve your customers and that will lead to higher customer satisfaction. You improve your competitive position because you're better able to coordinate purchasing and delivery with each other and with market needs.

For trading companies, these are decisive success factors. In the market for trading companies, there is great pressure on lead times and quality of delivery, and then against a reduction in margins. The only way to maintain that's through the use of the right tools in business operations.

Specifically for trading companies

ERP software for trading companies is aimed at the multitude and diversity in markets, with all the requirements and wishes to serve the customers in their needs. Whether it's food & beverage, fashion, or a technical wholesaler, an ERP can provide invaluable services in coordinating work processes and correct and timely communication with systems from other parties in the chain. The interaction and integration with other tools and platforms such as EDI, web stores, mobile applications and / or social media nowadays determine to a large extent your success. Good integration also saves you a lot of time and effort. You only have to enter the information once to be able to use it everywhere.

Your employees always have access to the correct and most current data. Important decisions are therefore always based on unambiguously recorded and complete information. Routine work such as manually entering data can only lead to a risk of errors. Nobody is waiting for that. That work can easily (largely) be automated. This minimizes the risks. Automatically controlled work processes based on one-off and correctly recorded data save you many more hours of work and therefore a lot of money. Information flows are correct, goods are on time and as agreed in the right place, money flows are traceable and easier to control. Everything in an ERP for trading companies is tailored to the needs of a trading company. This means that specific requirements for that sector are entered in the ERP system. You no longer have to think up or develop anything yourself. No expensive customization, but just correct processes and the right data for your industry and your company.

Changes in the market

A trading company isn't called a trading company for nothing, your company is constantly responding to changes in the market. The dynamics are great. Both inside and outside the company. You're part of a chain and within that chain there are constant shifts of interests and interests. Storage and distribution (the stock-keeping function) always have special attention. Even if you no longer perform that function as a trading company because you have focused on the core activity, purchasing and selling, it's still important to keep a close eye on the costs and benefits. Insights into those activities are crucial for the margins that you can ultimately make on your products and services.

There are several (additional to ERP) options to get those insights. Through a Warehouse Location System or a Warehouse Management System you're able to control your logistics processes and minimize the costs. Additional technology such as radio frequency (RF) scanning of barcodes can now be perfectly integrated into your ERP or WMS environment.

More than just registering

If your ERP system is fully set up and tailored to your work processes, you have more control over all your primary business processes. You know what is going on with your customers, you know the status of deliveries, you know everything about payments and invoices and you're fully prepared for the next steps of your company. After all, you have all relevant data in order and available for new applications? Such as applying eCommerce. Being able to buy and sell online through web stores, web portals and the like not only increases your reach. You're also able to advertise through online channels and to do other marketing expressions in order to reach a much larger target group. At any time of the day. A good ERP system is prepared for these developments with all kinds of online functionality and integration options. In this way you can increase the profitability of your company. In addition, applying good eCommerce and mobile applications gives your company a more professional look. You can always be reached everywhere. The combination of technology and the practical application of principles that apply to your market offers you the opportunity to take major steps forward and stay ahead of the competition.

Optimal result requires preparation

You'll get the best result from an ERP and related system if you choose the right mix of functionality in the software and services of the supplier. It must all fit and there must be a click with your organization and the people who have to work with it. Sometimes it's just good not to go straight for the cheapest solution. Implementing an ERP takes time, money and energy and sometimes requires persistence. You'll notice that actually everyone in the organization is involved (or gets involved). So it's important that everyone starts to feel good about it. Certainly from the management, commitment is required. You're asked to list all important aspects of the ERP system in preparation. What do you want to achieve? What are the business goals? Which other systems must be able to communicate with the ERP system? What are sector-specific wishes and which wishes are actually only important for your company? Are they so important that you want to have separate software developed for this (customization)?

New development: cloud

Take into account developments such as the cloud, whereby software is no longer installed on site (on premise), but is purchased as a service. That can be a serious option for your company. Certainly if you as a company are also still developing and need can vary per month, quarter or year. Choosing a flexible construction where you purchase and pay for ERP functionality according to the 'pay per use' principle can be a relief from many technical and complex problems that in many cases are nevertheless associated with the implementation of an ERP system. Just list all the pros and cons and be well informed about the possibilities and impossibilities for your organization. You'll certainly become wiser.

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