Today, distributors are striving to reduce carrying costs by adopting the Just-In-Time (JIT) delivery – reliably getting exact quantity of products there just before the customer needs them without keeping excess stock. JIT requires an accurate prediction of customer demand, a visible and flexible supply chain.
Traditional approach relies on purchasers to forecast demand based on customer order history, sales forecast and their own judgement. It is a time consuming process and lacks flexibility. DBP ERP helps distributors enhancing demand forecasting to keep minimum stock and improve cash flow, reducing stock outs and excess stock, and optimizing collaboration across supply chain to respond to very short order leadtimes.
Distributors can manage everything anywhere from product sourcing, demand forecasting (customizable forecast formula), stock requisitions planning, purchasing, inspection to lead follow-up, order entry, inventory tracking, delivery, invoicing, accounts receivable, accounts payable and general ledger. It improves the flexibility and visibility of your supply chain; also increases customer satisfaction with effective control of product availability and delivery.