Wh esaler
WholesalerGuide
management, stock control, warehousemanagement, CRMandmore. This reduces the risk of excess stock being purchased haphazardly, as businesses will havemore visibility and be able tomake effe
ffective and efficient
investments in stock that ismore likely to sell, contributing to a competitive advantage.
Through implementing a single ERP system, which br customer data including orders and quotes onto one sc
reen, anyone within ings all of your
a business can check the systemand understand the who, what and when of a transaction in one glance.
Fully integrated, live data, stockmodules with the ERP Systemalso enable better communication between sales and warehouse, allowing fofor a fafaster andmore reactive service.
Co Cost reduction and scalability
For every business, streamlining existing processes is key to ensuring themost efficient and cost-effe
ffective of operations. This is also true foforwholesale
distributors.When the UK voted to leave the EU three and half years ago, wholesale trade enterprises (excluding automotive) generated a turnover 1.8% lower than 2015. However,r, the UK electricalwholesalemarketwas foforecast by AT
ATMResearch to growby £70million in 2018 with electrical sales due to rise £320million by
2022.Despite the uncertainty surrounding Brexit, the UK electricalwholesalermarket is expected to grow, even if at a slower rate. Limited growth surrounding electricalwholesale is down due to constraints surrounding the decline in rawmaterial prices and construction outputs. However,r, once negotiations surrounding Brexit have been agreed, electrical wholesalers are expected to recover and growby 14%by 2021. In order to maintain growth, fofollowing Brexit, UK distributors need to keep costs down, and source products and rawmaterials fromthe EU at competitive prices. Wholesalers’effo
, economic period of Brexit. Te
Thismeans that since new legal structures will be put in place, businesses will have to adapt their processes.With an alarming 98%of wholesalers / distributors still using some level ofmanual processes, something has to change. A compliant ERP solution with functionalities can help reduce the workload, freeing up time to enable electrical wholesalers to fofocus on other areas of their business.
82%of wholesalers / distributors believe that ERP systems give greater availability and control of stock. 76%of respondents saw benefits from integrating disparate systems with themain reason to use a single system cited as reducing administration time, fofollowed by improved accuracy of infoformation and reducing duplication of work across different departments.
, ffe Gr
Grey areas surrounding tax and health and safety laws Customs and indirect taxes (VA
VAT foAT for imports/exports) willmost probably
change fofollowing Brexit. Any products or services sold within the EU by UK businesses will also fefeel the impact. The best way fofor electrical wholesale traders to overcome this is by keeping up with paperwork and documentation, so that they’re in the best position possible to adapt and move quickly when necessary.
There is also a strong chance that the EU and UK will have diffe standards when it comes to safefety, health, environmental protection requirements andmore. UK businesses that wish to trade with the EU will need to be compliant with both EU and UK bodies overseeing their industries, whichmeans businesses will need to constantlymonitor documentation produced by both the UK and EU, so that they can remain compliant post Brexit.
ffering La
fforts to increase profitability are critical during the uncertain Technology is at the heart of t
respondents in our recent survey into howUKwholesale operate and look to embrace technology to improve efficiencies, productivity, customer service and ultimately profits revealed that technology is vital to the efficient running of their businesses. 80%agreed that automating business processes helps their companies stay competitive. According to the survey though, 88%of wholesalers and distributors are usingmultiple softftware systems, and seemunable to break away from manual processes inmanaging business operations despite over a quarter (27%) citing thosemanual processes to be ineffe operations.
rs and distributors his. 85%of
I In ncreasing complexity and burden of admin
Once the UK has leftft the EU there’s a risk that business admin and paperwork will increase. As a result, theworkload foforwarehousemanagers everywhere is likely to increase.While the UK is still part of the EU, UK-basedwholesale distributors still have access to the singlemarket, freemovement of labour and rawmaterials. However,r, oncewe are out,wemay not be permitted to engage in distribution activitieswith EU 27 intermediaries anymore.
44 | el electricalwh wholesalerFeb Fe ruebruary202 020 Labourmay become more costly
In wholesale and retail trade, 9%of the work orce are EU nationals,many of whomwork fofor longer periods of time fofor a lower wage,making labour cheaper fofor UK businesses. Between July and September 2019 there were an estimated 2.24million EU nationals working in the UK – a 6,000 increase on the same time in 2018. There is a lot of uncertainty around what will happen to EU citizens living in the UK aftfter Brexit. Indeed, 44%of wholesalers and distributors report employee costs as being amain fafactor affe
ffo
The Nat ffecting t
affe ffective inmanaging business
ional LivingWage is also rising to a heir profitability.
ffect some warehouse employees.
One way to offset this cost is by implementing technology to increase the speed and efficiency of your business processes, all while boosting your sales capabilities and therefofore improving profitmargins. An ERP softftware will enable you to enhance the effectiveness of your workfoforce, as you can identifyfy pain points (such as time spent on warehousemanagement and order processing) and optimise these processes, therefofore reducing not only the time spent on them, but the overhead costs that come with them.
ffe
Fi Find out more at:
www.ogl.co.uk or call 01299 873 873 or email
enquiries@ogl.co.uk
or email
enquiries@ogl.c .uk
ewnews.co. ew
o.u.uk t least £9 an hour,r, which will
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