Streamline Inventory Tracking and Wholesale Order Management for Stress-Free Operations

For wholesale distribution businesses in the Philippines, effective inventory management is one of the biggest challenges – and a key factor in achieving success.

If you’re like most local wholesale distribution owners, you likely have a significant portion of your capital tied up in stock, often resulting in cashflow constraints. This also creates a barrier to investing in more inventory, which is crucial for expanding your business operations.

Efficient inventory management and streamlined wholesale order management can be the difference between a thriving business and one that struggles to stay afloat.

Here are some of the main benefits of properly managing one of your most valuable assets – your inventory:

1. Improved Cashflow

When your business maintains optimal stock levels, it has more working capital available for investing in additional product lines or other areas of the business – like sales and marketing initiatives tailored to the Philippine market. You can also minimize stock holding and handling costs. What’s more, buying products just in time to fulfill customer orders results in less warehouse shelf time and, consequently, lower storage costs.

Overstocking is another costly mistake that Philippine businesses tend to make. Tying up capital in large amounts of stock can be a risky move, especially if the demand is not there. If the product ends up expiring or becoming obsolete, the stock has to be written off or significantly discounted, potentially costing the business thousands of Philippine pesos.

2. Better Real-Time Inventory Tracking

When you free up your working capital, you gain the ability to invest in more inventory or even sales and marketing efforts to capture a larger share of the Philippine market. This is inventory management at its peak performance.

But to achieve this, you need a system that provides real-time stock availability and sophisticated data analytics of historical purchases specific to the Philippine market. This lets your sales reps proactively manage upsell and cross-sell opportunities tailored to local preferences. Sales can be alerted to other items that the customer has purchased previously or items that other Philippine customers have bought when purchasing the same item.

In instances when sales orders are booked for items that need to go on “back order,” there is a high potential for the customer to cancel the order. With real-time access to inventory available at the time of making the order, sales reps can recommend a suitable substitute that aligns with local market demands.

3. Faster Order Fulfillment

When you have a business solution that gives you a good understanding of your inventory performance in the Philippine market, it’s much easier to improve your order fulfillment efficiency. You can reduce your order fulfillment times, and you can purchase products “just in time” to send to customers within the Philippines. This reduces your warehouse storage time and speeds up your turnover. The last thing you want is stock sitting around costing you money.

Want to Improve Inventory Management for Your Philippine Business?

Best-practice inventory management and data-driven inventory tracking are essential for all inventory-carrying business owners in the Philippines to aim for.

JCurve’s all-in-one software provides wholesale distributors in the Philippines with the ability to record, analyze, and report on your inventory, as well as effectively manage your orders by having full visibility on the stock you’ve got. By helping you improve your inventory management and inventory tracking, JCurve allows you to focus on growing your business in the Philippine market.

Want to find out more? Talk to one of our consultants about how JCurve’s business software and CRM can help your wholesale distribution business thrive in the Philippines.