Companies that make, sell or distribute products typically require receipt, storage and fulfillment of goods into, within, and out of a warehouse. Without a system specifically design for warehouse management in place, this can quickly become a manual, costly and inefficient process that won’t support a fast-growing business.
The ability to effectively manage a complex supply chain is the core of a wholesale distributor’s business - and it’s also the biggest challenge. Of 623 respondents in Geodis's 2017 “Supply Chain Worldwide Survey,” only 6% stated that they have “full visibility” into their supply chains. Lacking that full picture of the supply chain can have devastating effects. Consider:
According to the EY Growth Barometer, 29% of family business executives are employing technology to improve productivity. How exactly are these leaders harnessing the power of technology?
New customer expectations, mature sales organizations, staid industries, increasing competition from Amazon—the challenges for distributors seem to multiply by the day. Businesses as diverse as a furniture wholesaler, a firefighter equipment supplier and point of sale supplier explained how they’ve dealt with some of the common challenges confronting people in the industry and how they’re taking their ecommerce to the next level at a SuiteWorld19 session last month.
Succession planning is essential for family business survival, especially for those where leaders are nearing retirement. According to the Family Business Center, 70 percent of family businesses would like to pass their business on to the next generation, but only 30 percent will be successful.