There are several current issues affecting the industrial supply distribution segment, including:
- Supply chain disruptions: The COVID-19 pandemic had caused significant disruptions in global supply chains, leading to shortages of raw materials, delays in transportation, and increased costs of production which still exist today.
- Labor shortages: The industrial supply distribution segment is facing a shortage of skilled labor, which is making it difficult to meet demand for products and services.
- Transportation costs: The rising cost of transportation, including fuel prices and shipping costs, is putting pressure on profit margins in the industrial supply distribution industry. ￼
- Environmental regulations: Increasing environmental regulations and sustainability concerns are forcing companies to invest in greener technologies and practices, which can be expensive and time-consuming.
- E-commerce competition: Traditional brick-and-mortar industrial supply distributors are facing increased competition from online retailers and e-commerce platforms, which are offering lower prices and greater convenience to customers.
- Cybersecurity risks: The increasing use of digital technologies and the internet of things (IoT) in the industrial supply distribution segment is creating new cybersecurity risks, including the potential for data breaches and other cyber attacks.
How can Dynamics 365 Business Central assist the industrial supply segment?
Dynamics 365 Business Central can assist the industrial supply segment in five key factors, including:
- Inventory Management: Dynamics 365 Business Central provides powerful inventory management capabilities that can help industrial supply distributors manage their inventory levels, track inventory movement, and optimize inventory turns. This helps ensure that the right products are in stock at the right time, and reduces the risk of stockouts or overstocks.
- Sales and Purchasing Management: Dynamics 365 Business Central provides a centralized platform for managing sales and purchasing activities, including order processing, invoicing, and payment tracking. This helps streamline sales and purchasing workflows and ensures that orders are fulfilled efficiently and accurately.
- Financial Management: Dynamics 365 Business Central includes robust financial management features, including accounts payable and receivable, general ledger, and financial reporting. This helps industrial supply distributors manage their finances more effectively and gain insight into their financial performance.
- Supply Chain Management: Dynamics 365 Business Central includes powerful supply chain management capabilities, including demand forecasting, production planning, and logistics management. This helps industrial supply distributors optimize their supply chain operations and ensure that products are delivered to customers on time and at the lowest cost possible.
- Business Intelligence: Dynamics 365 Business Central includes advanced business intelligence capabilities that can help industrial supply distributors gain insight into their operations and identify opportunities for improvement. This includes real-time dashboards, custom reporting, and predictive analytics.
Overall, Dynamics 365 Business Central can help industrial supply distributors improve their operational efficiency, reduce costs, and enhance customer satisfaction.
ACE Micro, LLC
For over two decades, ACE has met the needs of its clients through the innovative application of software solutions.
As specialist in solutions for distribution, our products and services are specifically designed for Industrial Supplies, Medical and Hospital Equipment, and Industrial Machinery and Equipment distributors who need to optimize their organizations with quick time to value, low risk and targeted solutions. Our Cloud based solutions for Distribution help you improve inventory management and increase order accuracy while providing improved organizational insights. Unlike our competition, our solutions for Distribution are industry specific and offered as solutions to meet your specific needs and provide the accelerated time to value.
The ACE suite of solutions is based on Dynamics 365 Business Central, a cloud-based enterprise resource planning (ERP) system, that can improve the capabilities of a distribution company. By leveraging these capabilities, Distribution Companies make data-driven decisions, improve operational efficiency, and drive growth. In addition to ensuring clients are using tools effectively, ACE continually brings innovative ideas that help businesses reduce operating costs and improve productivity.
Established in 2002, ACE has offices in Georgia, Florida, Texas, California and Tennessee and serves clients across the United States and various other countries.
If you are looking for a “Partner for Life” for your Distribution company,