With the evolution in technology, there are a number of advancements that have helped people to manage so many things. Similar is the Distribution Management Software (DMS). This is the management software that lets the people manage the supply chain by handling a number of things like promotions, invoicing, inventory, distributor claims, and other things as well.
The recent ongoing product flow and the retail level saturation have made the importance of distributors so very high. If there is a good distribution management system then this means that it will help you out in streamlining all the distribution workflows and activities. Apart from this, there will be an improvement in supply chain efficiency and it will also let you eliminate the stock-outs and overstock. Hence, this will further allow the companies to have access to real-time data from distributors.
4 advantages that you can get after having Distributor Management System (DMS)
Real-time visibility of the data: When you check out all the data of distribution channels in real-time, the distribution software is going to help you in a number of ways. For example, it will give you details about sales analytics, stock-out scenarios, stock movement, planning, and some other management details as well. All the people who are not having the DMS depend on the offline data that is provided by the distributors and this data is not at all real-time and authentic. Hence, we can say that Distribution Management can help people a lot.
Fast restocking: As every one of you knows that DMS is the software that lets you have access to exact and real-time data of the stock like expiry date, batch number, returns, etc. The stock replenishment is very much accurate and this further creates lesser damage to the products and increases the profits for the future. Hence, this is one of the most important advantages that you are going to get after using DMS.
Instant settlement of the claims: With the help of the distributor software, people can have enough time for settling down the claims that too on a faster note as the updates are provided instantly. Everything like returns, damaged receipts, schemes, etc. can easily be settled down by the DMS so very easily. Along with all this, transparency is another major thing that is maintained at all levels. Hence, due to all this everyone gets clarity about receivables and payables.
Standardization of the processes: DMS is the system that is used by the people who are involved in distribution processes at different levels. There is only one version of truth and data that is not at all questioned by anyone. Therefore, this is something that helps in streamlining the processes and even reduces the time that is invested in unnecessary meetings and other forms of communications as well.
Hence, these are some of the most important advantages of Distribution Software. If you are thinking of having it to make work easier for you then get it installed today.
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