Wholesale and Distribution

In today's Wholesale and Distribution Industry, efficiency and accuracy are crucial. AugTool ERP provides an easy, fast solution to optimize processes, boost productivity, and support growth. It addresses key needs such as procurement planning, stock adjustments, and real-time reporting, optimizing business operations.

Procurement - Planning and Processes

Effective procurement management in the Wholesale and Distribution Industry, ensures a steady supply of materials, reduces production delays, and improves inventory levels. Accurate demand forecasting avoids overstocking and understocking, leading to efficient operations and better cash flow.

AugTool uses sales forecasts and current stock levels to determine optimal procurement quantities, helping wholesale and distribution companies maintain adequate stock, capitalize on bulk purchasing discounts, and improve cost-effectiveness.

Multi-warehouse and Binning capabilities

The ability to manage inventory across multiple real or virtual warehouses in AugTool can greatly improve the efficiency and effectiveness of inventory control.

Having a view of, and the ability to utilize multiple bins and locations optimizes dispatch, receivals, stock takes, stock transfer and other inventory processes.

Controlling and Reconciling Landed Costs

Managing landed costs is crucial for reporting accurate profit margins in the Wholesale and Distribution Industry.

AugTool assists you to allocate and manage landed cost such as freight, insurance, customs duties, and currency conversion easily. This ensures accurate cost tracking, reduces discrepancies and variances, and aids in competitive and profitable pricing strategies.

Additionally, automated reconciliation processes of paying landed cost suppliers reduces manual errors and saves time, while detailed reporting provide valuable insights for better financial planning and decision-making.

Managing Consignment Stock

To streamline inventory management in the Wholesale and Distribution Industry, consider using consignment stock. This strategy reduces carrying costs by establishing consignment agreements with suppliers, enabling faster procurement with minimal impact on cash flow.

AugTool monitors negotiated costs for each consignment batch, ensuring you only pay for items that are utilized. Additionally, leveraging consignment stock eliminates upfront inventory expenses while allowing you to promptly fulfil customer requests.

Vehicle Scheduling

AugTool offers a comprehensive solution for scheduling vehicles and managing transportation liability, effectively optimizing the complex processes involved in planning, scheduling, and tracking transportation costs.

AugTool facilitates direct communication with transport companies to relay pickup and delivery details promptly and clearly. This feature enhances coordination and ensures that all parties involved are well-informed throughout the transportation process.

The system automates the recording of supplier transport actions as liabilities, associating them with specific deliveries or pickups to enable accurate tracking and efficient supplier cost management. This contributes to enhanced financial control and transparency.

Batching and Chain of Custody

Implement batching to create, split, and combine specific product batches as they progress through various processes, such as receiving goods, transferring stock, production, and deliveries. This practice enhances traceability and ensures compliance, providing better oversight of issues.

Enhance the safety and compliance of perishable inventory by using expiration date tracking and automated batch selection methods to manage items nearing expiry. This approach reduces costs and streamlines recall processes with smaller batch sizes and comprehensive chain of custody tracking and reporting.

Wholesalers often receive goods in bulk quantities from manufacturers, which they further process through activities such as packaging, labeling, or assembling components.

With AugTool’s single and multi-stage production solutions integrated into its financial management and stock system, you can efficiently manage production demands and assist procurement in purchasing the right product at the right time.

Transact in Forex, use Foreign Re-Evaluation Runs and manage Forward Exchange Contracts.

The Wholesale and Distribution Industry utilizes Forex for global sourcing, international sales, and hedging to streamline international transactions effectively.

AugTool enables wholesalers to manage daily exchange rates, generate foreign exchange invoices, address forex gains and losses, conduct detailed document-level balance Forex Re-Evaluation runs, and oversee Forward Exchange Contracts, all contributing to the smooth execution of international transactions.

Leveraging IoT and API Integration

With AugTools Iot your devices such as production machines and weighbridge indicators can directly communicate with AugTool ERP. This can drastically improve data capture accuracy and inventory tracking and control.

AugTools API layer enables communication between various software applications in the Wholesale and Distribution Industry such as e-commerce platforms, supplier portals, foreign exchange services and many more, allowing automated data exchange and real-time access to critical information.

Real-Time Reporting for Informed Decision-Making

Wholesale and Distribution companies need to focus on inventory management, pricing, supplier relationships, demand forecasting, and operational performance. Real-time data access is essential for informed decision-making.

AugTool Real-time data empowers managers to react promptly to market changes, optimize inventory levels, adjust pricing, strengthen supplier partnerships, accurately forecast demand, and monitor operational performance.

Conclusion

AugTool addresses critical needs such as procurement planning, multi-warehousing, and real-time reporting. AugTool helps you streamline operations, reduce costs, and drive growth.

If you’re ready to take your business to the next level, it’s time to explore the power of AugTool. Sign up today and experience the benefits of a smarter, more efficient wholesale operation.