Cloud-based ERP systems are critical tools for warehouses and distributors. They allow businesses to manage their inventory, supply chain, finances, and other operations in a single system. However, not all ERP systems are created equal. Some have features that are more useful to warehouses and distributors than others. We’ll explore the top ERP features that warehouses and distributors need now.
What are Warehouse Management and Distribution management?
Warehouse and distribution management are two related but distinct logistics and supply chain management concepts. Warehouse management refers to the process of overseeing and controlling the operations of a warehouse or distribution center.
It includes tasks such as receiving goods, storing them in the warehouse, picking and packing products for shipment, and shipping products to customers or other warehouses. Effective warehouse management requires efficient use of space, accurate inventory tracking, and practical warehouse layout and equipment organization.
On the other hand, distribution management involves coordinating and managing the entire supply chain, from the manufacturer to the end customer. It includes order management, transportation planning and execution, and inventory management.
Distribution management ensures that products are delivered to the correct location, at the right time, and in the most cost-effective manner possible.
While warehouse management focuses on the operations of a single warehouse or distribution center, distribution management is concerned with managing the entire supply chain, including multiple warehouses and distribution centers, transportation networks, and other logistics processes.
Both warehouse and distribution management are critical components of a successful supply chain management strategy.
Top 10 ERP features that warehouses and distributors need now.
Inventory management is a critical feature for warehouses and distributors. It allows businesses to track inventory levels, monitor stock movements, and manage reorder points. An ERP system with robust inventory management features can help enterprises to avoid stockouts and overstocking, improve order fulfillment, and reduce carrying costs.
Supply Chain Management
Supply chain management is another critical feature for warehouses and distributors. It enables businesses to manage their whole supply chain, from basic materials to finished products, in a single system. With an ERP system that includes supply chain management features, businesses can optimize their supply chain processes, reduce lead times, and improve delivery performance.
Warehouse management is a must-have feature for any warehouse or distribution center. It allows businesses to manage warehouse operations, including receiving, putaway, picking, packing, and shipping. An ERP system with robust warehouse management features can help companies to improve inventory accuracy, reduce picking errors, and increase warehouse efficiency.
RFID and Barcoding
Barcoding and RFID (Radio Frequency Identification) can help warehouses and distributors automate inventory management processes. Barcoding allows businesses to track their inventory using barcode labels, while RFID enables companies to track their inventory using radio waves. An ERP system with barcoding and RFID features can help businesses improve inventory accuracy, reduce manual labor, and increase efficiency.
Serial and Lot Tracking
Serial and lot tracking are essential for businesses dealing with serialized or batch-tracked products. They allow companies to track individual products or batches throughout the supply chain, from production to delivery. An ERP system with serial and lot tracking features can help businesses improve their product traceability, comply with regulations, and reduce the risk of product recalls.
Financial management is critical for any business, including warehouses and distributors. It allows companies to manage their finances, including accounts receivable, accounts payable, and general ledger. An ERP system with robust financial management features can help enterprises enhance their money flow, reduce errors, and gain better visibility into their financials.
Sales management is a feature that can help warehouses and distributors manage their sales processes, from lead generation to order fulfillment. It allows businesses to track their sales pipeline, manage customer relationships, and streamline order processing. An ERP system with sales management features can help companies to improve their sales efficiency, increase customer satisfaction, and reduce order errors.
Customer Relationship Management
Customer relationship management (CRM) is a feature that can help businesses manage their interactions with customers. It allows companies to track customer interactions, manage customer data, and improve customer satisfaction. An ERP system with CRM features can help businesses improve customer retention, increase customer loyalty, and better understand customers.
Business Intelligence and Reporting
Business intelligence and reporting are features that can help enterprises gain insights into their operations. They allow companies to analyze their data, create reports, and make data-driven decisions. An Acumatica cloud ERP with robust business intelligence and reporting features can help businesses identify trends, monitor performance, and optimize their operations.
Mobile access is a feature that allows businesses to access their ERP system from mobile devices, such as smartphones and tablets. It enables companies to stay connected and manage their operations on the go. An ERP system with mobile access features can help enterprises improve productivity, increase flexibility, and respond to customers faster. Contact us for a customized ERP.
Vijay comes with a vast experience in ERP and enterprise solutions space with about 20 years of experience in various packaged application like Acumatica, SAP, Orion, Salesforce.com, SugarCRM and, SalesLogix.