Optimize and Strengthen Your Business with Effective Supply Chain Management
The most significant component of a distribution industry is the supply chain. It is a complex aspect of every wholesale distribution business as it encompasses multiple business dimensions. Besides the distribution sector, there are other industries like manufacturing, logistics, retail distribution, and the shipping industry that have a very critical supply chain. In this article, we will be discussing supply chain management software India. In other words, we will see which supply chain solutions are best for the Indian wholesale business. It is obvious, the business management software is not restricted to any one region or country. Simply put the ERP solutions are a perfect fit for every industry, region, and size across the globe. But when it comes to preference, most organizations trust a local presence. Therefore, in India, so many organizations have selected the supply chain management software India.
In the market, we can see numerous solutions but not all the software is good for your business. Some of them are expensive for your business, some of them lack the features & functionalities that you need. And some of them are not flexible enough for your organization. All things considered, there are plenty of things that a business has to consider before purchasing ERP software. For example, first, they compare pricing, evaluate features and see if the system has enough features. Also, review their capability and ERP implementation period, and more. One of the best supply chain management solutions for wholesale distributors is Odoo open-source SCM software. Regardless of the wholesale business size and type, an open-source fits into every category seamlessly. The stock input account Odoo functionality has made this open-source solution a great success around the globe.
Streamline Every Business Function Flawlessly
The supply chain of a distribution industry encompasses numerous aspects starting from planning & controlling to managing & tracking every function/process of the organization. Odoo SCM solution helps organizations manage and monitor complex business functions including a procurement process, inventory, sales & distribution, logistics, and shipping, and more. Not only does Odoo cover supply chain aspects. But also takes care of other functions such as human resource management, customer relationship management, etc. The fully-fledged supply chain management software India truly adds value to your supply chain management process. Right from the procurement of the products to the final payment, the SCM solution covers each aspect of the procurement process.
Furthermore, the stock input account Odoo feature is a smart accounting feature. To put it another way, the stock input account includes all the incoming receipts of stackable items, simply put, the products received from the supplier. This account helps the organizations to keep a record so that they can pay their vendors in the future. As soon as the vendor bills are created this account converts into Accounts Payable. Furthermore, the integration of purchase application with inventory and accounting system aligns the entire flow, right from procuring products & receiving them, keeping them in the warehouse to keeping their records in the accounts for future activities such as vendor payment and tracking products incoming date, time, etc.
Reasons to Use Odoo Supply Chain Management System
- Along with the benefits like a streamlined supply chain process, there are plenty of reasons to use the Odoo supply chain management software India:
- This open-source solution integrates closely with numerous modules such as sales, purchase, inventory, accounting, shipping, etc.
- Besides the integration among the Odoo modules, this solution can be integrated with third-party applications like Quickbooks, Shopify, Magento, PayPal, Stripe, and more.
- The open-source solution is capable of uniting all the internal business processes, including workforce management.
- Moreover, the tight integration makes information flow seamless that further helps you have a complete overview of the whole business functions in real-time.
- The seamless information flow further allows the managers and higher management to make informed decisions.
- The advanced procurement process makes the items purchase a lot simpler and efficient. It reduces the total spending on product sourcing and purchasing.
- Furthermore, the on-time product receiving makes the next processes like inventory management and sales & distribution more effective.
- The intelligent features and functionalities like the reordering rule as well as the stock min-max rule automates the purchase process to enhance the efficiency of the operation.
- Simply put, the integration of purchase and inventory application reduces the chances of understocking as well as overstocking.
- Additionally, this solution helps its users to manage their vendors in a very effective manner so that they will receive the right product at the right time.
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