A sharp increase in turnover is one sign that integration might be your next clever company decision. Below are a few other scenarios that must prompt you to consider it.
You’ve began an online company and things are going quite well. After some experimentation, you’ve developed a solid supply chain from factory through to fulfillment, and volumes are finally starting to pick up. There’s just one issue– it’s all rather a lot of work! Is it time to consider systems integration? If several of the following situations apply to you, the response may be yes.
Manually capturing online orders in your accounting system is not only painful, it’s likewise vulnerable to mistakes. This is especially real when handling lots of orders a day. If only there was a way to immediately sync your web orders into your ERP. (spoiler alert, there is!).
Taking Your Physical Shop Online
If you run a physical retail shop and choose to sell your stock online as well, you will then have 2 sales channels. If somebody walks into your shop and buys a product, it is essential that your online channel knows about the sale which the stock availability is minimized accordingly. Are you going to manually change the stock levels on your site each time your physical store makes a sale? I didn’t believe so. The smart move would be to sync both channels to one source of truth– your accounting system– to guarantee you do not oversell.
Your accounting system is the brains of your wholesale service. It determines a consumer’s prices tier, discount structure, storage facility allowance and account terms. An online B2B trade store ought to be able to present this information to each wholesale customer and let your ERP choose whether to accept their order or not. This is merely not possible without combination.
3rd Party Warehousing
If you don’t have the space to save your stock or the manpower to handle it, a 3rd party warehousing service might be your answer. Many 3rd party warehousing business will hold your stock and deal with the selecting, packing and delivery when they receive guidelines to do so. Storehub.io can assist you send those directions immediately each time your site receives a paid order.
Markets like Takealot and Leroy Merlin require to understand just how much stock you have for them to offer, and they get really bad-tempered if you are unable to supply them with products that you stated were offered. If you want to prevent penalties or potentially being blacklisted, you might set some stock aside in your warehouse especially for these marketplaces… or you might immediately feed them a stock amount update straight from your ERP.
When you are offering your items through several channels, whether they be retail ecommerce sites, B2B trade stores, marketplaces or perhaps physical stores, it is very important that they all understand how much stock you have and are costing the appropriate price. The very best way to do this is to sync them all approximately a central database, your ERP. We can assist with that. In most cases we can assist you sync your online orders into your accounting system too.