They face competitive pressure to maintain low price level and increase volume, making them lookout for ways to improve margins and grow their revenues constantly. They need to focus on reducing operating expenses and cutting costs throughout their entire process from delivery to payment. It is important for them to manage inventory more efficiently and integrate more of their clients and suppliers. They have to accurately manage their stock, and maintain prices to enhance revenues. It is also important for them to service their customers to the highest level to meet their ever-changing expectations.
Wholesalers need to provide custom products & packaging for the diverse range of customers. A growing number of items also add complexity and cost to inventory management. Along with that, due to increased global competition, retailers demand faster services and lower prices along with additional requirements like Radio Frequency Identification (RFID). Wholesale distributors also carry on their businesses across various countries, thus adding complexity of dealing in multiple currencies, languages, market expectations and regulations. This makes it difficult for them to meet clients’ requirements while still being profitable.
To survive in this competing market and pressured supply chain position, wholesale distributors need to control the already tight margins by enhancing efficiency and eliminating waste. Still there are many of them, who find themselves hindered by manual processes, information delays, stock-outs or excess inventory. They thus require a single integrated solution to manage their entire business to get visibility into sales orders, warehouse inventory, financial functions, and logistics to reduce carrying costs and increase margins.