6 Things To Look For In Wholesale Management Software
Are you a retailer who is looking into expansion into wholesale or someone who wants to start a wholesale business? No matter why you want to get into wholesale, you need to have the right software to manage your business successfully. ChainDrive is already known to retailers as an excellent professional retail management system. ChainDrive’s Wholesale Management component is designed to provide wholesale suppliers with the tools they need for a successful operation.
Wholesale management software should enable these 6 functions:
- Real-Time Inventory Status
- Monitor Productivity
- Catalogue & Vendor Management
- Automated Invoicing
- Price & Discount Management
- Credit Alerts
Let’s look at the consequences of not having the ability to do these functions easily. Inventory status, for instance, needs to be in real time or what’s the point? For a wholesale business, knowing what is available to sell is critical. The ability to keep your sales force updated on unsold inventory lets them move stock, resulting in increased turnover and ROI. Because ChainDrive keeps all data in a centralized database and collects that data in real time, any updates are always up to date.
In the case of monitoring productivity, ChainDrive’s reporting is in real time, too. The commission engine is directly linked to the accounting module so performance and compensation are accurate. User-definable rules and superior analytical tools help keep productivity reporting exactly how you need these functions to be.
Vendors and your catalogue of inventory also need to be managed efficiently. Without the vendors, there is no inventory. But many factors come into play when multiple vendors all over the world are contributing to your supply. Everything from weather to political unrest can prevent ordered stock from arriving at the warehouse. ChainDrive enables real-time status and the ability to act immediately so alternatives can be utilized.
Automated invoicing, credit alerts and pricing management need to be accurate and efficient so that clients who deserve discounts can get them. On the other hand, those who need to pay for previous orders should be flagged before problems can occur. ChainDrive Wholesale Management software facilitates this intricate task by providing total control over the way your business interacts with clients even as the enterprise grows and changes.
The ChainDrive Wholesale Management component has everything you should look for in professional software management solutions.