A very clear aim of any retailer or distributor whether new or old opting for a SCM software would be “incremental profits”. But for the profits to start showing up from the first day itself would be demanding too much from a software which is after all man-made.
The right approach would rather be to ascertain goals that are achievable. Software vendors would list down the many features. The real test is whether these features can be quantified into benefits. I have listed down few of them for your ready reference from which you can take a cue and choose a simple and reliable Supply Chain Management software.
Now, this has to improve at every level of the operations i.e from your inventory, warehouse storage to distribution to multiple channels. The whole process is intelligently automated and thus the time spent on mundane tasks are reduced by considerable levels.
Decrease in Costs
A good solution not only spots the areas of wastage for your but also helps in putting a stop to it. This invariably results in efficient costing. For example, reduction in labour costs, timely returns management to the right supplier, just in time inventory and reduce the storage costs, etc.
There are many tools and reporting formats with simple to complex classification of attributes to get the desired perspective of your business. For example; the business flashcards, dashboards, remote report visibility, alerts when stocks reach the minimum levels or for any security breaches by your employees. In addition, business intelligent reports should do all the analysis for you such as help you track performing/non-performing products, out of stock/overstock, tracking of expired products, etc.
Nevertheless, supply chain solutions are very many. The only sure shot way of getting it work for you is by proper implementation of the right solution as per your business needs. Speak to an expert before you take the leap. You can also sign up for a personalized demo of GoFrugal’s SCM solution.