Unveiling ERP software for businesses
Companies today are constantly striving to improve their management systems. However, this process can be complicated due to limitations imposed by ERP (Enterprise Resource Planning) software.
This is even more common if the software is not updated.
This is a situation many companies find themselves in today. The older software is preventing them from implementing new wholesale distribution management practices, which makes it difficult to keep up with the competition.
Today’s management software is changing rapidly because of technological advances that make it more efficient, accurate and powerful. Not long ago, there weren’t many options for companies when it came to a comprehensive software solution.
Fortunately, this is changing rapidly. There are many software solutions adapted to companies of all sizes, offering robust features that make the distribution management process much easier.
In addition, new technological possibilities allow software vendors to provide features that were not possible a decade ago.
Why is distribution management software so important to the business?
The main objective of distribution software is to help companies and industries to manage various tasks related to manufacturing and distribution.
It helps track inventory, manage and process orders, handle accounting, and provide supply chain management capabilities. It also helps manage customer relationships, sales and more.
Typically, management software is part of a larger solution, i.e. enterprise resource planning software. ERP software is designed to help companies allocate resources efficiently in various branches of the company.
Many ERP software vendors offer logistics and distribution management functionality including Microsoft Dynamics NAV, IQMS, OpenBravo, SAP ERP and TOTVS , to name a few of the most popular options.
With the help of a comprehensive ERP distribution system, companies gain access to real-time data across multiple departments. This makes scheduling tasks and measuring results much easier.
The ERP software also provides complete control over the entire distribution process, providing all the information needed to make well-informed decisions. Companies can monitor their supplies while tracking orders to the moment they are received by the customer.
Having full control over the entire manufacturing and distribution process allows companies to ensure that all parts of the supply chain function properly. In addition, they can keep interruptions to a minimum.
Although ERP software has existed for some time, the possibilities it can offer today differ greatly from those that were available only a decade ago.
Here are just a few of the ways in which technology is reformulating ERP software and its functionality:
ERP software at nuven is on the rise. According to the Cloud ERP market research report, the cloud ERP market is growing at a CAGR rate of 8% and is expected to reach about $28 billion by 2022.
When you consider how many benefits cloud technology brings to ERP, this is no surprise.
Companies that need to manage their manufacturing, sales and distribution logistics need to have all their data available on demand to make the right decisions, and the cloud helps make that data accessible anytime, anywhere.
What’s more, ERP software in the cloud makes scaling a lot easier. Unlike on-premise solutions, you never need to allocate resources to increase your data storage demands. With the cloud, your data is stored and protected on your provider’s servers, so you don’t have to worry about storage limits.
Finally, with ERP software in the cloud, there’s no need for a significant up-front investment to take advantage of all the advanced features the software offers. Cloud-based systems typically offer a monthly subscription model that requires no additional initial investment. This makes it very cost-effective for wholesale distributors.
What is recommended to serve the company with ERP software in the cloud is to have a secure and stable Internet. In addition, it is important to adapt the necessary bandwidth to meet the company’s needs. With a quality and stable internet your company will never be drifting in business management.
Internet of Things
The Internet of Things (IoT) is just beginning to scratch the surface of its possibilities. It has enormous potential in the ERP software industry and is already changing logistics management.
IoT allows the communication of physical and digital assets, offering new possibilities to gather all kinds of information.
With the help of IoT, companies can connect consumer devices and their own industrial equipment in a single network. The ability to track devices in real time has huge implications for increasing efficiency, allowing companies to take control of delivery to their customers.
More devices are built with Internet connectivity every year, and this trend is only set to continue. This means that companies will soon be able to obtain and track data on most (if not all) of their products.