A COMPREHENSIVE SOLUTION FOR TRADING SECTOR
Keep Your Business Operations Streamlined and Grow Faster
ERP software is not a new concept, but the continuous upgrades in technology make ERP systems stronger day by day. In other words, ERP systems are getting better day by day so that business operations can be automated completely. Though complete automation has not been achieved by any solution. There are some activities that businesses have to carry out manually. But there are so many advanced solutions that automate most of the business functions. One of the best ERP solutions is an opensource ERP system, they can be built as per the business flow. And further, it will help achieve maximum automation. In this blog, let's have a look into the core ERP modules for the distribution industry, including purchase, inventory, and sales.
Purchase Management Goods acquisition is one of the major elements for trading business because they are in purchasing and selling goods. The first step for the distribution or trading sector is to procure items from their suppliers/vendors. The open-source purchase request software allows you to create and send RFQs to your vendors and get their responses on the same. Further, you will be able to compare everyone's prices and go with the best offer.
Inventory Management Manage and control the warehouse stock in a more efficient and faster way. It will help you keep your inventory operation streamlined and process delivery orders on time. The ERP for the trading business has a robust inventory management system for warehouse so that the business will not suffer. To put it another way, when a business has enough inventory available in their warehouse all the time, then it will become easy to manage customer orders. Also, an open-source inventory management software helps you keep stock level right, which means you will have a balanced amount of products, not more or less. Furthermore, the re-ordering rule and min-max inventory rule help you keep the inventory at the perfect level. This feature will help you keep your inventory level updated, and on-hand quantity will also be updated automatically.
Sales Management The most crucial part, selling products to your customer in an efficient manner, can be handled by an open-source sales management solution. This application enables the organization to manage and control all the sales functions. Right from creating quotations, sending them to customers, converting them to sale orders after approval, to creating & sending invoices to customers, an open-source sales solution helps you manage all. Furthermore, you will be able to keep a tab on every salesperson and evaluate each one's performance. And then take corrective actions to improve their performance.
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