For most distribution businesses, managing IT infrastructures is not their core competency. Distribution businesses are experts in distributing products and parts, period. Unfortunately, the success of many distributors is directly tied to their ability to utilise technology to keep stock control balanced, costs low and inventory lean. Distributors that do not have trustworthy technology in place report high levels of excess stock or frequent and costly stock out situations. Over time these inefficiencies can erode away profits and hurt the customer loyalty that is so crucial to maintaining long-term growth.
The fast-paced nature of the automotive spare parts industry means that good stock control is essential to remain competitive. Below are 4 ways distributors of aftermarket parts can keep a leg up on the competition:
