For most people, the holiday season is too many months away to even consider. However, for retailers and distributors, it’s time to put the finishing touches on strategic plans for this particular time of year. The holiday season can be very profitable, which is why the supply chain must be strong. Make sure your business is ready for the hustle and bustle of the holiday season by putting the right technology in place.
There is never a good time of year for stock-outs or backorders; however, the holiday shopping season could be the worst possible time to lose sight of inventory. Consumers spend a lot of time and money in stores and online between Thanksgiving and New Year’s Day and many businesses experience an increase in sales and profits during this busy time. Running out of products as the shopping season gets underway couldn’t be worse for sales and can have a long-lasting impact to your reputation.
Control Inventory and Supplier Relationships With ERP
Strengthen inventory and by deploying an enterprise resource planning (ERP) solution, like . Manage inventory from the procurement process, all the way through manufacturing, distribution and delivery within this centralized solution. The integration of key inventory, sales and supplier data provides leaders with one version of the truth. Be confident your team is using a common set of updated data, instead of relying on email and weekly status meetings.
The Microsoft Dynamics GP vendor portal feed offers an efficient way to collaborate with suppliers. Vendors confirm, print and update purchase orders, validate specifications and confirm shipping information through the portal. As a result, you have updated, reliable inventory details, including arrival and shipment data.
Business intelligence features also provide accurate, current metrics for monitoring inventory, forecasting sales, and managing supplier relationships. Armed with real-time data, you will be able to respond faster to deviations in supply chain activities, product trends, or customer behaviors and change plans as the holiday shopping season nears.
Strengthen your supply chain now and be prepared for the upcoming holiday season. Contact MIBAR.net for more information about using Microsoft Dynamics GP to gain control over inventory and insight into your supply chain to ensure this is a profitable holiday season.
by MIBAR
