How Do You Select an ERP for Wholesale and Retail Businesses?

Wholesale distribution software have served a crucial role in the global economy. With growing customer expectations and changing market conditions, they are also want to manage supply chain operations by keeping the right amount of inventory in hand, without tying up excess cash resources.

To select the right ERP for your wholesale and retail business, it is important to understand what challenges your business face.

In this sector, wholesalers, retailers, and distributors keep inventory as low as possible and track thousands of orders while saving time and minimizing overhead costs.

Wholesale distribution software

These are a few aspects to keep in mind while selecting the right ERP for wholesalers and retailers:

Real-time visibility: 

While evaluating options, make sure to look for a cloud-based ERP that can allow you to have a real-time view of what is happening on the shop floor, which resource is engaged, etc. Also, a real-time solution lets you manage capacity to schedule orders, assign, manage and review tasks.


Inventory management: 

ERP Software for Inventory Management is a comprehensive software that offers multiple modules. From these modules, inventory management is a must-have. Managing stock, traceability of shipped and purchased goods are core functions and ERP should have these capabilities.


Industry-experience: 

Every industry works on multiple operations that make them stand out from others. It is better if you look for an industry-specific solution where the vendor knows the ins and outs of the wholesale, retail, and distribution business.


Return on Investment: 

Make sure to understand the latest technology that the ERP works on and what the ROI will be after five years or ten years.

Apart from these points, there are many things to consider while choosing the right ERP software. From methodology, project plan, timeline, IT support, vendor viability, to post-go-live date, every aspect should be discussed while evaluating ERP options.

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