Digital transformation is becoming more critical so that wholesalers and distributors can become more agile, nimble, and efficient to face all these challenges. This is the observation of MicroChannel, a provider of business technology based in Australia.

Wholesale Trade Operations

Wholesale trade operations involve a variety of processes and workflows, from acquiring goods from suppliers to distributing them to retailers. If these processes are manually managed with separate systems, it won’t be easy to monitor and analyse the performance of each process. 

Key Digital Transformation Benefits

Using digital solutions for end-to-end processes in a wholesale and distribution business offers the following key benefits:

Reduced operating costs: As in any business, the cost can have a significant impact on the profitability of any business. Digital solutions automate vital business functions across different functions translating to cost savings. For wholesale trade, automating processes across financials, operations, warehouse, logistics, and operations removes the need for tedious, complicated, time-consuming, and repetitive manual tasks. Additionally, information and insights generated from digital solutions can help drive further cost savings through better accuracy in forecasting, smarter inventory management, and having a leaner supply chain.

Streamlined supply chain processes: All wholesale trade operations involve purchasing of goods from suppliers, managing inventory in the warehouse, and shipping to the customers. Digital solutions can help place orders automatically from approved suppliers when stock levels are low, track orders from suppliers, manage the incoming and outgoing stock in the warehouse and shipping out to the customers. All information is available for better visibility of the entire supply chain and better management of the processes.

Improved business performance: The availability of information across functions improves visibility of performance. Data and information enable wholesale trader business owners to spot trends, know the better performing products, know sales performers, and also to understand where is lacking or where the strength is. All these information are golden nuggets to enable business leaders to take action where needed.

Read more at https://www.microchannel.asia/accelerating-digital-transformation-for-wholesale-distribution-industry/

Have queries about how your wholesale business can benefit from Zooloo's digital solutions? Contact us at sales@zooloo.asia.

Explore more

• Read about The Digital Transformation Journey
• Learn more about our “Digital Backbones”
• Learn more from our eBook series on Digital Transformation for Wholesale Trade

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