7 Ways How SaaS Is Reshaping the Supply Chain Management of Wholesale Businesses

According to data from Research and Markets, the global market for SaaS-based supply chain management reached a value of US$6.04 billion last year. According to the research, the market is anticipated to reach US$ 14.49 billion by 2027, with a CAGR of 16% from 2022 to 2027. However, it is a matter to consider why the Supply Chain sector is growing toward SaaS adoption.

Before proceeding, let's first define a Software-as-a-Service (SaaS)-based supply chain management (SCM). SaaS-based supply chain management is an application used for cloud-based data management of several operational procedures that occur throughout the supply chain.

 While the wholesale order tracking software promises increased order and inventory productivity and eliminates unnecessary processes, it also functions as a system that automates the setup of operational workflows according to the requirement of businesses.

What are the factors fueling this tremendous growth? 

Everyone is looking for systems built on the principles of automation and digitalization because of technological improvement. So, one of the factors driving the need for automated and AI-based solutions is the rise in digitalization. Additionally, several technologies, such as integrating the Internet of Things (IoT), serve as growth-promoting elements.

The latest technology is even more expensive, so only organizations on the enterprise level can afford it. However, by providing next-generation technology solutions at an accessible price, SaaS-based technology solutions have made it possible for businesses of all sizes to purchase them.

_{How SaaS has provided much-needed support to Wholesale Businesses}

1. It offers a cutting-edge tech-driven strategy

Around the world, several tech solutions provide AI-based software that allows businesses to rapidly access anything from processing returns to viewing inventory snapshots to analyzing monthly order volume.

With these advancements, wholesale businesses can empower their staff (such as the warehouse manager, sales manager, returns manager, picker, and packer) to carry out and manage all business tasks easily from any location, fostering greater productivity, efficiency, and collaboration.

Another benefit of SaaS-based wholesale order management is that you may access your complete backend from anywhere using a mobile device, which minimizes disturbances while you're away.

2. Seamless And Powerful Integration 

Businesses can connect with various company systems using the integration system like wholesale QuickBooks integration in eCommerce and others, which streamlines their operational procedures. Businesses can use multiple integrations, from accounting to marketplace management to shipping and order fulfillment. 

You can increase productivity and scale to greater profits with a practical integrated system. E-commerce integrations also allow your brand to manage customers across various sales channels. Superior integration support makes it easier for you to complete wholesale orders on time and takes full advantage of industrial use cases and scenarios with POS and ERP systems.

Wholesale order tracking software with an integration system also allows businesses to arrange listings on local marketplaces. Daily tasks, including adding new product information, downloading pending orders, producing invoices, creating labels, printing dispatch manifests, tracking orders and shipments, checking and updating inventory stock, etc., may be efficiently managed.

3. Reduced operational conflicts with full automation

You can lessen any errors resulting from processes by automating the operations and adequately organizing the inventory flow. 

Remember when you had to manually record the input and outflow of your inventory using a spreadsheet? Now with the wholesale management system, these issues have been resolved. 

4. Centralization allows 360-degree data visibility.

As an illustration, SaaS solutions that offer total visibility into operations enable you to receive messages and alerts on the location of the order, and the estimated time it will take to reach your clients. Additionally, detailed analytics allow you to identify the highest- and lowest-selling products and channels. Actionable insights can also be used to improve the efficiency of your warehouse 

5. Cost efficiency via streamlined procedures

You will be able to specify the workflows at each stage of a product after implementing a specific technology in your wholesale warehouse. Additionally, with the aid of virtual warehouse technology, you may plan the general layout of your warehouse and make the most of the available space. Talking about the powerful capabilities of WMS providers, such as batch management, cycle counting, and shelf management, may also actively manage each SKU while minimizing stock deterioration.

6. Saves time by integrating the operations

Wholesalers may process orders in bulk using a uniform interface, guarantee quick order dispatching, and reduce warehouse stock-picking time using wholesale order tracking software. This not only allows you to save time, but it also increases the productivity of your operations as a whole.

7. Post-purchase experience 

The post-purchase experience is just as crucial as the pre-purchase experience to create a sustainable business. The simplicity of customer service, timely deliveries, and order monitoring are just a few post-purchase considerations, and they are essential in convincing customers and raising client retention rates.

The first step in the post-purchase journey is finding inventory and smoothly processing the order. It becomes challenging to guarantee optimal inventory usage and quick processing when selling on various online platforms. What should one do then? E-commerce and wholesale companies can benefit from well-defined wholesale order management software specializing in multichannel and inventory management. It improves operational flexibility, saves labor costs, increases inventory accuracy, and improves customer service while allowing access to real-time data.

Conclusion 

SaaS is outpacing all industries thanks to its many advantages. Wholesale businesses are continuously adopting this, changing the way they operate. The built-in functionality and integrated systems make it more suitable for businesses.