Overview
General Trading & Distribution businesses is a volume-game. Players in this space focus on inventory management and collections, to remain profitable
Industry Snapshot
General Trading Industry Solution:
Key Features
Our Trading and Distribution solution helps our customers to be nimble, efficient and competitive. With features that are both easily understood, and easy to use, they can run their businesses and expand, with fewer people. For larger networks with a number of outlets, our web point-of-sale will be a big boon.
Automation for efficiency
With repetitive business activities that deviate little, this business can leverage the benefits of process automation, that CREST ERP brings in. Zero room for error, guaranteed process completion.
Know what to sell
Rich data helps traders know item-wise sales margins on a continuous basis. Revise prices,or buy cheaper, where feasible.
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Avoid stockouts and excess stocks
Set inventory levels and let purchase orders be generated based on them. Use CREST ERP’s data to review the stock levels and revise them regularly. Avoid stockouts, keep customers happy. More important, don’t let excess stocks burn a hole in your pocket!
Implementation Highlights
General Trading & Distribution businesses are often caught in market swings, finding themselves left either with excess inventory, or shortages. These businesses need to be very agile to stay in the game
- Continuous procurement of traded goods with seasonal and non-seasonal demand. , keeping the procurement executives on their toes.
- Warehouse space is a constraint often, requiring the balancing of EOQ, lead-times and stock turns.
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Goods may have expiry dates, sell-by dates etc, which need to be considered always
- Order fulfilment is a very critical activity, requiring excellent coordination between sales and warehouse functions. If the number of SKUs is large, chances of mistakes are high. Order status needs to be continuously monitored, to avoid order cancellations and fulfilment delays.
- 98% Achievement
- 87% Positivity
- Automated procurement, based on stock levels for minimum stock, reorder level, reorder quantity, EOQ. CREST ERP generated Purchase Orders, taking into account these stock levels and lead time
- Precise warehouse layout, dividing into aisles, racks etc., to enable correct and fast picking
- Shipment planning, based on expiry/ sell-by dates
- Order lists that show active order status, which helps various teams in performing their roles efficiently.
- Matters that rested on the expertise of the owners, or some veterans , are made systematic and data-based
- There is no need to 'remember', since the workflow-based system assigns tasks to the concerned team members
- Item classification and categorisation helps managers to exercise control at the macro level, when the large number of SKUs makes it virtually impossible to track individual items
- Profit margins are protected, especially in times of fluctuations in the market
- 98% Achievement
- 87% Positivity
