As distribution business models continue to evolve, many wholesalers are discovering that enterprise resource planning (ERP) solutions are a vital part of their strategy to keep pace with changing industry demands. Outdated ERP systems often deliver limited functionality and prevent organizations from improving collaboration and efficiency through a lack of integration with other critical systems. However, there are newer solutions that are good alternatives to on-premise ERP—developed specifically to facilitate differentiation, promote growth, and prepare a distribution business for the future.
In the changing landscape of wholesale distribution, businesses are faced with further complications to already complex supply chain management systems. Because distribution spans many large market segments, ranging anywhere from grocery and food-service to industrial cleaning equipment and home furnishings, these changes impact the growth of nearly every industry. To make sure your business is taking advantage of this growth opportunity, take a look at these four key trends that wholesale businesses are keeping tabs on: