Wholesale distribution software can help you boost profits. Software such as Acumatica cloud ERP provides you with the knowledge you need to gain insight into your company’s core products, leverage advantages, and maximize profits.
To increase profits, you can decrease costs or increase prices, Increasing prices isn’t always easy; customers may not be willing to pay more. In order to decrease costs, however, you need to know all the information about your products down to the last details.
Using the information from your warehouse distribution software, you can boost ROI. Here are three ways in which wholesale distribution software can help you.
Accurate Data Collection, Enhanced Knowledge, Increased Profits
A strong whole distribution management system, along with Acumatica cloud ERP, can be used to create new business models, understand current problems, and set new objectives. The following three examples of how better data collection and greater intelligence improve ROI may spark your thought processes on how you can use your warehouse tools to greater advantage.
#1: Develop new business models.
Gain fresh insight into your data by viewing them in new ways. Companies sometimes become entrenched in existing business models simply because no one has looked carefully at the data undergirding the assumptions behind the current models. Fresh data, viewed in new reports, may lead to those “ah-ha!” moments of insight that lead to innovation, new business models, and improved revenues.
#2: Identify core revenue drivers.
“Everybody knows that Product ABC sells the most!” Sometimes it seems as though everyone quotes the same institutional knowledge, but has the assumption driving it been tested? If not, maybe it’s time to put it to the test by identifying the data that supports or refutes the statement.
Instead of letting assumptions drive product decisions, base product decisions on facts derived from your wholesale distribution software and Acumatica cloud ERP. Although it may shake up some long-held assumptions, you may also find new areas of profitability.
#3: Know your customers, and find your best customers.
It’s a truism that 80% of your business comes from 20% of your customers. Identifying and getting to know your best customers wants, needs, preferences and business drivers is the key to improving profitability. These are the customers who generate the most revenue for your business and they are the model for future marketing and sales campaigns. By analyzing the features of your best customers such as the industry they’re in, their annual revenue, decision-making process, problems your company solves, and more, you’ll be able to derive a model for future marketing programs.
Acumatica Cloud ERP
Acumatica cloud ERP is an ideal enterprise resource planning software for mid-sized businesses. It helps you improve processes by enabling you to view all the data from your company from different aspects of your business and use that data to make better, faster decisions.
Acumatica cloud ERP is:
- Easy to use: It’s faster onboarding for your whole team with Acumatica. It’s easy to learn and easy to adapt, even if you’ve never used an ERP system before.
- Flexible: Deploy Acumatica in your own way, at your own pace. You’re in charge with this software. You can add modules, use third-party data centers, and more.
- Cost-effective: Payment models include subscription-based, licensed based, and more, so it can fit any budget.
Financial management, distribution management, customer management, and project management are all available. Customize Acumatica cloud ERP to the system that meets your needs, your way. And, as your business grows, add more—Acumatica adjusts to the size of your company’s business needs easily.
Learn More About Wholesale Distribution Software and Acumatica Cloud ERP
If it’s time to use data to drive decisions and help your company become more profitable and productive, it’s time to learn about wholesale distribution software and Acumatica cloud ERP.
Emerald TC offers consulting services to help you choose the right software for your needs. We can advise you on the package of distribution, ERP, and other cloud-based software that will make a maximum impact on your business and its revenues.
For more information, contact Emerald TC today or call us at 678-456-6919.