Do you have visibility on your Distributor's inventory?
The orders taken by Sales officer from Retailers are never fulfilled fully because of various reasons. But majority of the time, its not been fulfilled because Distributor don’t have sufficient stock with them.
Studies shows that, Retailer are missing out an nearly $1 trillion in sales because they dont have on hand what customers want to buy in their stores
According to
a study by IHL Group, Retailers are missing out
on nearly $1 trillion in sales because they don’t have on hand what customers
want to buy in their stores. It not only applies to general retail but,
equally applies to the Distribution channel sales too.
The magnitude
of this business loss makes it imperative for the FMCG retail business managers
to know the inventory situation at each and every Distributors. Majority of the FMCG brands have 100s of
distributors, and its practically not possible to know the actual data by
connecting manually.
Hence a cloud
retail software / Distributor management system which can give FMCG Retail
business mangers visibility in to the Realtime inventory of Distributors can
drastically improve their business volume.
Check out how
Retailbean – Cloud Retail software can help FMCG Retail business mangers with
such data. Get in touch with our
Business technology expert – at +91 70250-18881.
1 Comments
I completely agree that having access to accurate and real-time inventory data can help companies improve their supply chain efficiency and reduce stock-outs.\r\n\r\nHowever, manually tracking distributor inventory can be a time-consuming and error-prone process. This is where an FMCG software solution can be incredibly helpful. With a comprehensive FMCG software solution, companies can automate the process of tracking distributor inventory, gain real-time visibility into their inventory levels, and make data-driven decisions about their production and distribution.\r\nThanks\r\nZivoke - The FMCG software solution\r\nhttps://zivoke.com/fmcg/