An Enterprise Resource Planning (ERP) software has become an essential and inevitable factor for any business back office to function more productively and efficiently. With ERPNext one can definitely change the business dimensions and functions as it comes integrated with powerful business modules like accounting, customer relations, the point of sale, manufacturing software, trading and much more.
This article outlines the benefits of ERPNext implementation in your trading industry or business, no matter how big or small, your business is. As we know trading industry works in a complex fashion, revolving around multiple actions in a single point in time. Many Trading Industry of today faces several micro and macroeconomic challenges like the unpredictable behaviors of their consumers, fluctuations in demands, and changes in regulations etc
Open source accounting software comes with greater flexibility comparing to other ERP solutions. It opens a greater degree of customization according to different kinds of the business workflow. POS can be seamlessly tailored in accordance with the distinctive business workflows.
When it comes to trading, CRM software does a powerful planning on stocks and inventory and also decide upon the profitability and customer satisfaction. It smartly caters to the maintenance of different warehouses or multiple billing locations via ensuring real-time information.
ERP Systems comprehensively covers every aspect pertaining to customer relationship management, human resource management, warehouse management, supply chain management and business accounting for small, medium and large business management trading enterprises. In addition, it enables you to monitor every business performances via enabling the actionable information to every decision-maker in the enterprise. Also, ERP comes with a lot number of additional enriched custom modules and applications offering a wide range of services in trading business accomplishing with building the right strategies for better performances.
ERP comes in integrated fashion, it efficiently transacts the functionality of each department in the trading business sector.
Strong Customer Relation Management: integrates with Customer Relation Management, it triggers greater effectiveness in customer relation operations within the trading. ERP helps you in prioritizing the follow up of sales activities in the pipeline. It thus efficiently meets the target audience.
ERP helps in tracking the sales stages and also scheduling the meetings directly from the opportunity of a customer. ERP gathers every necessary inputs and insight of ongoing business activities, assuring that the trading operations and customer relationship management healthy and transparent. In short, it routes every business activities with a greater possibility of sales and income generation.
With ERP, your trading business can undergo a high degree of customization. ERP paves a platform for individual customization, meeting all desired business strategies and needs from potential clients. For example, it enables to design a custom dashboard to get an insight picture of your warehouse efficiency at a glance.
Robust Warehouse Management: ERP serves with a strong warehouse management module with end number of features ensuring productivity, efficiency, consistency, and quality control. By effectively managing the internal and external locations, customers, suppliers or manufacturing inventories, a trading ERP provides real-time data and precise business information, enabling better decision making among traders. A trading ERP efficiently controls and manages all the incoming shipments and thereby prepare the inventory controls.
In case if your warehouse is in multiple locations, an efficient Trading ERP effectively takes care of multiple location management making the inventory operations smooth and transparent. In short, the strong warehouse management decreases your processing time, enabling workers to generate more quantity of work in less period by allocating the right resources at the right time. ERP encompass a strong warehouse management designed to scale from few thousands of operations to several millions of transactions.
In addition, a Trading ERP, ensure complete traceability on all operations executed between customer and supplier. A trading ERP comes with several features like Lot tracking, Activity log, serial number tracking, and perpetual variation keeping an eye on the stock and forecasting all past and future inventory transactions. Also, a trading ERP track in detail all stock moves, not confining to the warehouse but also in counterparts of the double entry moves (customers, suppliers or manufacturing locations). A trading ERP browse through the upstream or downstream traceability flows to have a clear vision of what happened to a specific product or lot.
Efficient Product Management: An ERP successfully manages the product types, kits, products with multiple variants, and multiple unit of measurements. One can easily manage the product variants, like size, color, etc. Allows managing the product at both template level (for all variations) and at the variant level (specific attributes).
Using variants option one can enhance the E-Commerce website if any. In your online shop, the customer will only see the product templates in the catalog page. Once the visitor clicks on such a product, he will be provided with the options to choose amongst the variants (colors, sizes)
One can easily create products with variants. There is an option inbuilt to edit the products. One can seamlessly easily click on the roll down menu and select the type of variance one wish to add. If the variant does not yet exist, you can create it on the fly by clicking on Create and edit. This option is also made accessible from the purchase and inventory modules
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