Today we’re taking a look at three tools you can use to improve your inventory-management functions. Retailers and consumers have more choices than ever. In order to stay competitive, top wholesale distributors have lowered their profit margins and constantly seek ways to innovate. 

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If inventory is the lifeblood of a wholesale distribution company, then the inventory management process is its circulatory system. Inventory management systems pull in products from suppliers and push them out to customers. Benchmarking your inventory process is a bit like a wellness exam.  So how would your company do?

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“If you want your company to be known as the best in its industry, commercial sector, or even in its niche, you must gain awareness of the only goal that matters – the one which none of your competitors have yet surpassed.” – Rob O’Byrne, Logistics Bureau

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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 Outdated ERP systems often deliver limited functionality and prevent organizations from improving collaboration and efficiency through a lack of integration with other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.

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