SAP Business One for Trading Industry

Accurate Inventory

Let's Hold the above indicators; stock availability assures the order delivery confirmation to the customers. It should be dynamic and real-time. Spreadsheet supports this to some extent. It becomes complex with multiple locations, warehouse(s) and connecting the stock in transit to ensure On-Time Delivery In Full (OTD/OITF).

Need raising to Drive Inventory accuracy to ensure customer satisfaction through reliable on-time delivery is the key for sustainable growth to get the repeated orders from the same customer and customer recommendations to gain new customers. It's time to exploit the technology readily available in the market, should carefully evaluate this requirement is met at all times and every scenario of the business or company practice. Zyple Software provides the best SAP Business One for Trading Industry businesses.

On-Time Delivery

The On-TIME Delivery In Full (OTD/OTIF) is the next holding pointer to consider sustainable business growth. On-Time Delivery is evident as the customer receipts the material as per the requested date and time slot. As you recognise that every customer expects real-time progress from order acceptance, pick and pack, out for delivery, in-transit, at destination and delivered as a mandate since every online and e-commerce player has demonstrated this service to ascertain customer confidence (competitor's competence). The ERP system for trading must drive this is automatically connected with the workflow by default. As a business owner or entity, you have every possible solution available in the market to exploit.

Days Delay

holding on no delay is acceptable. It is imperative to communicate to the customer about the confirmed delivery days against standard delivery due to rush and high seasonal demand orders where high fluctuation is recognised. Dominos is well known for 30min guaranteed delivery; notify the change in delivery time for bulk orders and seasonal demand by the particular store serving in that location (you might have experienced this situation or heard about it). It's to drive such incidents to communicate effectively and ensure stock availability to deliver as committed. On the other hand, it is necessary to upkeep the history of records to exploit the seasonal peak demands as an act for the future to ascertain the stock availability to upkeep the customer experience.

Order Accuracy

Holding the Order accuracy is the key to ensure profitability, customer retention, brand reputation and eventually the business growth as you all agree and recognise. To drive accurate order entry into the system based on the B2B purchase order (physical or electronic transfer) and in the case of B2C order to flow into the business system from the 3rd party e-commerce portal, telephonic order, or through e-cart of the business website. Integration feature exploits the adaptability for current and future expansion is one to consider.

Perfect Prompt Order Rate

PPOR (Perfect Prompt Order Rate) is essential on either side of the supply chain. Which holds the business cash flow between Accounts Payable and Accounts Receivables balanced act of recognising the order earliest in the system from the customer and releasing the order promptly to the vendor. To Drive this balance throughout the businesses, products and sales schemes and promotion concerning the branch, region, commodity and product advisors, etc., exploiting the technology to a seamless operation is need of every hour.

Inventory

Just-In-Time (JIT) Inventory scope entertains every vertical right from FMCG (Fast Moving Consumer Goods) to Luxury Goods. Holding the right amount of inventory at every stage is recognised as the best practice, and every business is willing to drive dynamically with time and again. At times it becomes a strong challenge due to the typical environment and business nature, operating people owing to the responsibility of inventory forced to exploit the technological advancement to ensure the Right Inventory Management with an affordable Technology ROI (Return on Investment). The means managing the inventory effectively and efficiently to ensure a smooth cash flow than spending more on technology. "accelerate cash flow more than the superior technology."

Sales Promotional Schemes

Acknowledging the necessity and the trending market conditions having a great hold in Sales Promotional Schemes are essential for sustainable growth. Some organisations and competitors in the market are known for being aggressive, assertive and employ skyrocket techniques. Examples to quote, "Big Billion Sales, Festive Season Sales, Thanks Giving, etc.," recognising these in B2C, it is equally important to adopt some unique and legacy schemes with Product Advisors, Dealers, Distributors and Retailers to drive the sales with brand and image. So it is imperative to exploit the technology to assure Sales Promotion Schemes are easy to configure, measure and accelerate the Sales Performance Growth!

Finance and Control (FICO)

Managing and controlling the Sales and Operations finance discriminate the business sustainability (Investors Interest) and credit score (Bankers Interest) to the existence. It is an art to hold to demonstrate the Financial Goals and Objectives, Profitability Analysis dynamically. Recognise the product costing and pricing, Balance Sheet, Profit and Loss Statements, Accounts Payable and Accounts Receivables, sales and marketing expenses in a single connected platform. Finance functions drive needed by exploiting technology to automate reoccurring postings, Banking transactions, Bill Accounting, Discount Accounting, Interest realisation, tax reports (GST), tax filings, e-Invoicing (integrations) to comply fully.

Logistics Management

Recognise Fleet Management for distributing the product and services of the trading business in terms of Route Tracking, vehicle condition, driver details (login and logout), GPS tracking, fuel level monitoring, etc. Hold to this primitive requirement, and driving effective fleet management with ERP integrations is necessary nowadays. It is easy to exploit the technology with enhanced features as it is readily available in the market.

E-commerce

Every consumer age group comfortably exercising online purchases (e-commerce), and double-digit user population growth is recognised to continue. Several e-commerce platforms attract users for various commodities, and consumer groups holding this as a baseline to driving sales growth with a global presence of having a virtual store to display and sell the product and services at the customer comfort. It is necessary to upbeat the brand and image and the sales eventually, with seamless work and product flow through exploiting ERP is flexible to adopt the Integrations with every platform.

Integrations (IIoT)

Automation is economical to use nowadays for every business needs ASRS to specify here in the trading business. (ASRS - Automatic Storage and Retrieval System) recognised globally for effective and safe warehouse operations. Which holds inventory, consumption statistics of history, and forecast the future demand of every material. Drive these data with Business System ERP with further improvements concerning FSN (Fast, Slow and Non-Moving) in a growing business. It is worthwhile exploiting such integrations with ERP.

Dealers and Distributors Management

Dealers and distributors leverage sales as a part of omnichannel through physical connections with the end customers recognising their greater responsibility and commitment with a mutual win-win situation. Encourage to drive the accelerated sales; it is salient to design and monitor the specific dealer, distributor, region, period, product group, commodity group etc. Holding on these requirement variations exploit the technology with appropriate data management is the key to success..

Multi- business / Branch (Integrated Business Performance)

Holistic visualisation and measurement monitor to trigger the right actions at the right time ensures the business profitability at the earliest recognising this need in the Business system (ERP) should power the executives with combined results of every business and branch. Exploit the technology for a consolidated report of the various elements like Balance Sheet, Profitability Statement and much more that drives the effectiveness and escalates the immediate deviations to define or delegate the ownership for improvements. Holding on to the Integrated Business Reviews with this feature assures sustainable business growth forever.

Fleet Management

Owned, contracted or hired fleet (vehicle for distribution) is the cost and a part of the business bottom line, which has to be recognised and improved to manage effectively and efficiently since it represents the business brand and image through "on-time reach to the customer". Hold on to the operational parameters like truck / Vehicle availability, route allocation, GPS tracking, Fuel Consumption, Driver login to log out. Exploit the technology to integrate all this information and data with business system ERP to drive and control operational cost and protect the gross profit margin.

Conclusion Note

SAP Business One for Trading Industry is a globally acclaimed future-ready application that supports staying connected in the business right at every time with complete insightful Business Analytics and Intelligence.

Zyple Software Solutions Pvt Ltd ERP company in India develops and deploys the latest and most economical solutions with SAP Business One HANA for continuously evolving requirements in the trading business vertical to ensure their success most economically.