Do you have to manually manage each and every aspect of your inventory? Do you dread going on vacations just for the fear of increasing the backlog of inventory update process? If so, you are certainly not making the most of the state-of-the-art solutions available in the ecommerce market to make your online business smoother and easier.
When the business is small, it’s very easy to manage suppliers, stock and product flow. However, as the size of business augments, the inventory management process starts getting complex and time-consuming. Manually updating the inventory every time there’s a purchase order or a sales order simply becomes labor intensive and dull. The easiest thing that any fast-growing online business can do is use Enterprise Resource Management (ERP). Once installed, the ERP will take care of each and every aspect of your business, right from manufacturing (if you are into it), to accounting, to customer relationship management.
Apart from saving time and energy, ERP is beneficial in many ways. Some of those benefits are discussed below:
- Cost Saving: Through ERP, you can implement “Just In Time” model to your business operations and save capital at all stages of the business.
- Simplified Process: With the automation of the systems, the flow of the products becomes simple and quick. Generation of POs and bills is simplified, dispatch process is made easy and customer service is streamlined.
- Better profits: With better processes, you save money in each and every step of your business, leading to lower costs and rising profits.
- Better Customer Satisfaction: ERP makes sure that each and every order is executed promptly and in an accurate manner, leading to better customer satisfaction. Even when the customer returns the item, the process is quite simple and fast.
If you have fairly straight-forward business operations, you can simply use off-the-shelf solutions. However, if you have a unique business model, it’s better to approach an experienced e-commerce solution provider. They will study your business thoroughly and then offer you a tailor-made solution for your operations.