How Is SaaS Affecting the Supply Chain Management of the Wholesale Industry?

Research from Research and Markets shows that the global market for SaaS-based supply chain management reached a value of US$6.04 billion last year. The market is predicted to reach US$ 14.49 billion by 2027, with a CAGR of 16% from 2022 to 2027, as per the research. But it is important to consider why the supply chain industry is moving more and more toward SaaS usage.

 

First, let’s define a Software-as-a-Service (SaaS)-based supply chain management (SCM). SaaS-based supply chain management is a software program used to manage various operational processes throughout the supply chain using cloud-based data storage.

While the B2B ecommerce software solutions promise increased order and inventory productivity and the elimination of pointless operations, it also serves as a system that automates the design of operational workflows under business requirements.

Factors Fueling the Growth of SaaS-Based Supply Chain Management

Increased Adoption of Cloud Computing: The widespread adoption of cloud computing has made it easier for companies to implement and use SaaS-based supply chain management solutions.

Cost-Effective: SaaS-based supply chain management solutions are cost-effective compared to traditional on-premise solutions, making them accessible to small and medium-sized businesses.

Scalability and Flexibility: SaaS B2B ecommerce software solutions can be easily scaled up or down to accommodate changing business needs, providing greater flexibility to organizations.

Real-Time Data Access: SaaS-based supply chain management solutions provide real-time access to data and information, enabling organizations to make informed decisions quickly.

Improved Collaboration: SaaS solutions facilitate collaboration and communication between various stakeholders in the supply chain, including suppliers, customers, and partners.

Advanced Analytics and Reporting: SaaS-based supply chain management solutions provide advanced analytics and reporting capabilities, enabling organizations to gain greater visibility and insights into their supply chain operations.

How Has SaaS Provided Support to Wholesale Business?

 It provides a Modern & Technologically Advanced Approach!

Numerous tech companies worldwide offer AI-based software that enables companies to quickly access anything from processing returns to viewing inventory snapshots to examining monthly order numbers.

With the help of these developments, wholesale businesses can enable their employees (such as the warehouse manager, sales manager, returns manager, picker, and packer) to easily carry out and manage all business tasks from any location, encouraging greater productivity, efficiency, and collaboration.

Another advantage of SaaS-based wholesale order management is that you can access your entire backend from any location using a mobile device, reducing interruptions while you’re gone.

Powerful and Seamless Integration

Utilizing integration tools like wholesale Quickbooks online e-commerce integration in eCommerce and others, businesses can link with different company systems, streamlining their operational processes. Businesses can employ various connectors, from accounting to marketplace administration to shipping and order fulfillment.

A useful Quickbook integration in ecommerce system can help you boost productivity and grow to higher revenues. Integrations with e-commerce also allow your company to manage clients across several sales channels. It is simpler for you to execute wholesale purchases on time with excellent integration assistance, which also fully utilizes industrial use cases and scenarios with POS and ERP systems.

Businesses can schedule listings on regional marketplaces using wholesale order tracking software with an integration system. It is possible to effectively manage daily chores such as uploading new product information, downloading outstanding orders, preparing invoices, creating labels, printing dispatch manifests, tracking orders and shipments, reviewing and updating inventory stock, etc.

Operational Conflicts Are Reduced With Full Automation

By correctly structuring the inventory flow and automating the procedures, you can reduce any errors brought on by the processes.

Do you still remember utilizing a spreadsheet to track your inventory’s inflow and outflow manually? These problems have been fixed with the advent of B2B e-commerce software solutions.

360-Degree Data Visibility Is Made Possible by Centralization

As an illustration, SaaS solutions that provide complete operational visibility enable you to get messages and alerts about the position of the order and the anticipated delivery time to your clients. Using extensive data, you may also find out which items and distribution channels are most and least successful. A warehouse’s effectiveness can be increased by utilizing actionable insights.

Cost-Effectiveness Through Improved Processes

After deploying a certain technology in your wholesale warehouse, you can specify the workflows at each stage of a product. Additionally, you may arrange the overall layout of your warehouse and make the most of the available space with the help of virtual warehouse technology. We may also actively manage each SKU while reducing stock deterioration when discussing the powerful features of WMS suppliers, such as batch management, cycle counting, and shelf management.

Post Purchase Experience

To build a growing business, the post-purchase experience is just as important as the pre-purchase experience. Post-purchase factors include prompt deliveries, easy customer support, and order tracking. These factors are crucial for persuading customers and improving client retention rates.

Discovering inventories and efficiently processing the order is the first stage in the post-purchase process. It becomes difficult to ensure efficient inventory use and timely processing when selling on many online platforms. Then, what should one do? B2B e-commerce software solution with a clear focus on multichannel and inventory management is advantageous for e-commerce and wholesale businesses. Access to real-time data enhances operational flexibility, reduces labor costs, boosts inventory accuracy, and enhances customer service.

Conclusion

Due to its many benefits, SaaS is outperforming all industries. Wholesale businesses are regularly adopting this, which is changing how they run. It is more suited for enterprises because of the integrated systems and built-in capabilities.