As competition gets more intense each day, companies worldwide
including trading businesses are looking for ways to reduce
their operating costs. Like their manufacturing counterparts,
trading businesses require a business solution that enables
them to have better control over their distribution system and
procurement life cycle, to have real time information in respect
of their businesses, as well as to minimize human errors in
their business processes. This will lead to higher efficiency
and lower costs in running their businesses, and finally maximum
profitability.
Unlike most manufacturing businesses, trading businesses generally
place more emphasis on the real-time inventory and automated
stock allocation functions. This is largely due to the constraints
of not being able to afford large inventories, and the necessity
to buy and sell quickly. In addition, distinctive functions
like Flexible Pricing and Discounting, Kiting Functions, Back-to-back
Orders, Drop Shipment, and Consignment Orders, to name a few,
complement trading businesses tremendously as it provides the
flexibility in the core business, i.e. buying and selling. For
real-time business processing and delivery capabilities in a
seamless sale and procurement chain, that provides trading businesses
the competitive edge and power to meet greater business challenges.