choose the right ERP for your business and it's challenges

Why Choose ERP For Trading Business? And Its Challenges

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Enterprise Resource Planning

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(ERP) software can take any business to a new level by increasing productivity and profitability. It can change the dimensions and workflows for every business, and the trading business is no exception! As a highly competitive sector,

trading and distribution must regularly improve their services to ensure Introduction

01 02 03 04 05 Why Trading ERP Software for business? Totrackwarehousemovements Tomanagecustomerrelations Tomonitorproductdistribution ToestablishrobustPOS Tostreamlineresourcemanagement https://sap.silvertouch. com/ Item 1 Item 2 Item 3 Item 4 Item 5 50 40 30 20 10 0

The trading and distribution industry has to cope with intensifying competition and changing requirements of customers. Based on these factors, we can identify the following challenges of trading business. Solve The Challenges of trading ERP software? https://sap.silvertouch. com/ Challenges BRINGING TRANSFORMATION BEATING COMPETITION ELIMINATING INTERMEDIARIES CREATING OPPORTUNITIES

BRINGING TRANSFORMATION

The advent of Industry 4.0 and advancing technologies have disrupted the trading industry and traders must make their business model ready for digital transformation. They have to find and implement new ways for bringing transformation in various

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BEATING COMPETITION

It is quite challenging to acquire new customers and retain the existing ones in a highly competitiveera. BothB2B and B2C companies contribute to increasing competition in the trading anddistributionsector.

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ELIMINATING INTERMEDIARIES

effective ways to eliminate

This is one of the biggest challenges for traders and distributors alike. Traditional distribution channels do not allow traders to reach

customers

directly.Theyneedtotakethehelp of intermediaries, but, in this competitive business scenario wherepeopletendtobuyproducts online, traders have to think of

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CREATING OPPORTUNITIES 01 02 03 04 05 Real-timeReporting InventoryManagement SupplyChainManagement RegulatoryCompliance CustomerRelationshipManagement https://sap.silvertouch. com/

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choose the right ERP for your business and it's challenges

Published on Jan 20, 2023

SAPSTTL

ERP stands for Enterprise Resource Planning and is a software solution used to manage and automate the business processes of a trading business. It simplifies operations and helps to streamline processes, including tracking inventory, sales, and orders. We provide real-time visibility into the customer, vendor, and financial data, allowing businesses to make informed decisions quickly. SAP ERP can also be integrated with external data sources, such as market data feeds, financial data, and more, to provide valuable insights into market trends and customer behavior. ERP systems can help trading businesses reduce operational costs, manage risk and optimize customer service and satisfaction.