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Distributors of any size face many of the same global challenges, including rapidly changing customer demands, complex product inventories and fluctuations in the supply chain. Distributors need a solution that minimizes manual intervention through business automation. This is where an effective ERP solution comes in (for an in-depth discussion on the benefits of ERP, read the first part of this “What is ERP?” article series and for more information on ERP financial tools, check out part two). In this third part of our series, we want to go into a little more detail on what Distribution Management ERP software is and how it can take your business to the next level.
Distribution management refers to overseeing the movement of goods from supplier or manufacturer to point of sale. This encompasses many processes including packaging, inventory, warehousing, supply chain and logistics. How effective your distribution management has a direct effect on the financial success and longevity of your business.
Modern distribution management includes more than moving products from here to there. It involves gathering and sharing relevant information that can be used to identify key opportunities for growth and competitiveness in the market. Now, companies often utilize their distribution forces to obtain market intelligence that are vital in assessing their competitive position.
The goal in distribution management is to achieve ultimate efficiency in delivering raw materials, parts and completely finished products to the right place and time, in the proper condition.
Selecting an ERP distribution management and accounting system to run your business is a decision that will affect your company for many years. There are plenty of distribution management systems on the market, but only one is right for your business. Acumatica offers a checklist to help distributors evaluate the offerings of three top vendors. According to the checklist, here are the 5 categories you should be using to measure and compare systems.
We’ve discussed what distribution management is, why it’s important for your business and some categories to consider when selecting one. Now, let’s take a look at what makes Acumatica Distribution Management Suite the most effective distribution management solution for your business.
Acumatica’s modern, automated and integrated distribution software can meet all your supply chain management needs in one, cost-effective cloud ERP system. Acumatica’s distribution ERP software was introduced in their Acumatica 2018 R1 release. It aids business owners in streamlining their supply chain processes using Advanced Financials (General Ledger, Accounts Receivable, Accounts Payable and Cash Management) along with:
Acumatica Distribution Edition offers you the ability to manage your warehouse management, inventory management and purchasing concerns while integrating these activities with your company’s financials and sales. Not to mention, it was recently announced that Acumatica was awarded the PCMag Editor’s Choice Award for Best Inventory Management Software of 2018 (read our blog post on why here)!
Efficiently manage distribution processes with real-time visibility of available inventory, inventory in transit, reorder quantities and inventory costs. Minimize inventory costs; optimize quoting, acceptance, entry and fulfillment processes.
Eliminate delays through automated sales order processing and shipping order generation. Set rules to manage multiple warehouses, returns, credit limits, drop shipments and more.
Ensure a steady supply of materials by optimizing and automating your purchasing process.
Determine real-time profitability by warehouse, product line, location, or business unit. Use real-time information to control costs across the entire supply and distribution chain.
Bob Davis Sales provides sales, distribution, and technical support for the exploration of crude oil and natural gas. They have multiple locations and before making the move to Acumatica, each location was run on a version of Sage Peachtree that didn’t talk to each other, which was inefficient and time-consuming when it came to forming an accurate picture of the business. The company made the decision to choose Acumatica over Intacct, SAP and NetSuite in 2016 and hasn’t looked back.
With this decision, they centralized their three operations, their customer accounts, and their inventory needs. With the right inventory management software in place, they were able to log into one system and access their inventory, sales and more in minutes. They found that logging into one system and having access to inventory, sales and other information for more than 25 vendors of various forms in one system to be incredibly helpful.
In addition to a single-number inventory system, they were able to adopt new, more efficient processes. For example, rather than calling or emailing another office to see what might be in inventory, now sales simply looks in Acumatica. Reviewing inventory in stock also means that two locations don’t need to create paperwork to transfer products, which was once quite time-consuming. Now the team is more productive and efficient.
“We’ve really taken the human element out of things like special pricing and leaned on the Acumatica system, which has paid a lot of dividends. It’s made my life a whole lot easier.”
– Brett Davis, Operations Manager
Acumatica provides accurate and timely information, as well as the functionality needed to readily resolve issues and update management and customers. Their modern distribution business software provides true, company-wide inventory data that lets you create proactive, responsive replenishment operations and minimize inventory costs.
Depending on your business’ supply chain processes, you may need additional Acumatica cloud ERP software such as Advanced CRM, Commerce Integration, or Business Intelligence. The good news is that you don’t have to figure this out on your own. We are a gold-certified Acumatica implementation partner. Our team are experts on figuring out what cloud ERP software you require, and we’re readily available to answer your questions and to expertly assist you with the implementation process.
Need more information on the software? Check out the overview of Acumatica Cloud ERP Software.
Have any questions about Acumatica or want to request a demonstration? Contact our team.
Remember, the company you choose to implement your software dictates the success or failure of your software investment, at Aqurus we’re passionate about providing superior ERP solutions and support.
Looking for information on industry-specific ERP software solutions? Check out these posts that are part of our What is ERP? article series:
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