As an ERP solution SAP Business One has offered many advantages to the SMEs. As an integrated solution it allows businesses to manage different aspects of their business and these include logistics, finance, HR management and many more. For wholesale distribution businesses SAP business one solution promises a lot in the coming year and here we take a look at some of the ways in which SAP B1 would help wholesalers in 2023.
Better Visibility
In the business of wholesale distribution tracking every transaction is of great importance for increase profitability and cutting down on the losses. SAP has brought in major changes to its ERP solutions that will offer businesses better visibility into sales orders, warehouse inventory, logistics and other financial aspects of this distribution process. This visibility helps in bringing down the carrying costs and increasing profits.
You are aware of the fact that automation helps in doing away with humanly errors and makes the business more efficient. It simplifies the entire process in which inventory is managed at the warehouse. This also helps in lowering events of emergency shipments by as much as 15% which leads to reduced operational expenses and better use of the human resources in any warehouse.
Improve Collaboration
The success in the wholesale business often rests on the flexibility of collaboration with the suppliers and the distribution network with the retailers or end customers. With SAP B1 you will be able to improve collaboration that helps your business. The solution has undergone many improvements recently and these will usher in a new era in 2023. This solution will help you bring down the purchase order time by 50% and also reduce the distribution and delivery time by 15% thus allowing you to make better use of resources.
Lessening Obsolete Stocks
From FMCG wholesalers to those that are associated with the Pharmaceutical or Paints, obsolete stocks can often lead to losses. Industry research shows that without an intelligent solution 20 – 30% of inventory for an average wholesaler comprises of obsolete stock. Apart from the financial losses these also prevent you from meeting the exact requirements of your clients. With SAP One you would be able to lessen this problem as you would have real-time stock updates down to individual products and batches.
The opportunities with this ERP solution are many for wholesalers in 2023. If you want to get the best out of this you need to seek help of experts. Semaphore Software is your top SAP B1 consultant in India and we have been helping SMEs streamline their operations and improve productivity. To know more write us at info@semaphore-software.com.
