A Complete Supply Chain Solution for Distribution Business

 Handle Procure-To-Pay Process Efficiently

The distribution industry's main function is to accumulate goods from the different producers and sell them further to the consumer. The distribution sector encompasses buying and selling the goods to the end customer. It has so many steps that include procurement, managing inventory, holding sales orders, transportation, goods delivery, finance management, and more. Managing and tracking all the business functions of the distribution industry is not easy. It needs consistent tracking of each and every activity from the procurement to the delivery of products on the customer location. To manage this complicated supply chain, distributors need to implement advanced supply chain management software. It has the capability to handle all the business functions, from buying to selling and delivering. 

Always keep one thing in mind, select the supply chain management software that has features, functionalities, and applications that perfectly fit into your business flow. The solution must have modules like purchase order management, sales management, inventory management, accounting, shipment, and more. In this blog, let's take a look into the important supply chain management solution modules.

Purchase Management

Purchase management application ensures seamless procurement operation. In other words, the purchase order software allows you to manage the entire cycle of procure-to-pay. The right supply chain management solution offers the smart purchasing module that ensures purchase workflow automation. From identifying the need for specific goods or services, sourcing and requisitioning of goods to receiving orders, and managing vendor bills. All those processes can be handled and monitored by purchase order software. Besides the automation of the procure-to-pay cycle is what makes advanced purchase management applications the first choice of so many businesses. The integration with sales and inventory modules enables the system to raise RFQs or purchase orders to the specific vendors as soon as the stock level goes down. 

This purchase order management system encompasses all the functions such as RFQ creation, purchase orders generation, controlling supplier bills, product reception management, and more.

Inventory Management

The supply chain management software has a robust inventory management application that helps you keep the stock items at the right level. This platform helps you manage, control, and track each stock item, whether it is incoming items or outgoing. All things considered, the inventory management module is responsible for keeping the stock level up to date. So that you can deliver goods to your customers on time and improve customer experience. As we know that the automation of purchase workflow helps keep the right inventory level all the time. Easily scan products using a barcode machine so that you will know what you have received. Also, the barcode scanning features let you capture the data of goods going out. In this way, the system will have all the records of stock movement, including incoming, outgoing, as well as internal movement.

Sales Management

Selling goods to the consumer is one of the most critical tasks of distribution companies. It includes numerous phases, first, the customer places an order and you need to start working on those orders immediately to ensure timely delivery. To handle the hassle of sales operations, sales management software is the best. It will allow you to see the orders in real-time so that you can work on them instantly. Besides, the system will immediately generate the delivery orders and the warehouse team will ensure the delivery of the product. They will carry out the operations of picking-packing-shipping on time. The sales team will manage the invoicing party and get the payment. They can receive payment after order placement as well as after delivery. Keep the record of each customer transaction and handle the entire sales process in an efficient manner.