The principal aim of human resource management or human capital management is to increase employee performances to their highest levels according to their organizational roles. Since organization are all about people, human resource management centers around acquiring the right services from the right people, developing their individual skills and in…
If you want to stay on top of payroll, you will need to spend a lot of time and go through the hectic process. If your payroll process is in-house, it will quickly spiral into a nightmare for any business owner. In a survey, conducted by National Business Association, 60%…
No business can function without the right technology and tools. Yet, it has been found several times that most small and medium businesses still stick to manual processes to get their work done. A Better Method Exists Manual processes consume valuable time and don’t let employees focus on other important…
Sage Intacct is a leading provider of cloud financial management software to wholesale distributors. There can be several differences among wholesale distributors, depending upon the products they deal with, but there are a few similar characteristics of every distributor. These characteristics are: 1) buying bulk goods from manufacturers and selling…
The warehouse is the most important asset of wholesale distributors. Even if there is one warehouse, it is their biggest asset. But managing these warehouses is far from easy. No wholesale distribution business has fewer than five warehouses. But managing these warehouses, keeping a record of the inventory, and achieving…
Demand planning and management involves reduced inventory. As well as, enhanced customer satisfaction. This requires an effective demand process. To develop inventory forecasts, service production, inventory planning are all part of the process. This is important in wholesale distribution because it helps the distributor report demand and know customer demands….
A wholesale distribution business involves warehouses and large volumes of inventory. Many goods come in and go out every day. Without the right tools, it’s impossible and impractical for the employees to keep track of the inventory. Also, efficiently conduct warehouse management. Even small distributors have at least five warehouses…
Technology is an important part of any business. But the technology that used to work twenty years ago no longer works, and if a business remains stuck with outdated solutions, there will be poor efficiency and slower growth – things that business always wants to avoid. As a business scales,…
The wholesale distribution industry faces a great challenge today. With large public warehouses such as Amazon getting into wholesale distribution, it is a real competition for small wholesale distributors to keep pace. Since the larger corporations have more resources, money, and technology, they can massively cut down on costs and…
Mid-sized distributors are those that have scaled their business to an extent and use some form of on-premises technology for their day to day operations. A wholesale distributor is categorized as midsized when they handle more than 100 but less than 500 orders a day and have less than $50M…
