According to Research and Markets, the global SaaS-based supply chain management market reached US$6.04 billion last year. According to the research, the market is expected to grow with a CAGR of 16% from 2022 to 2027. However, we must consider why the Supply Chain sector is growing towards a SaaS-based model.
What is SaaS-Based SCM?
SaaS-based (SCM) supply chain management is software used to handle the cloud-based data management of numerous operational procedures across the supply chain. Supply chain management is essential in today’s competitive and evolving market.
While the wholesale order software minimizes unnecessary processes by assuring improved inventory productivity, it also acts as a system that automates operational workflows per the business requirements. Moreover, the SaaS-based SCM has many benefits, like eliminating the need to deploy the proper infrastructure.
Factors Leading To The Growth Of SaaS-Based Systems
Many factors are fueling the intense growth of SaaS-based supply chain management. Because of technological improvements, almost every organization seeks systems that can work on digitalization and automation.
However, digitalization is one of the major factors that has increased the demand for AI-based and automated solutions. Additionally, new-age technologies like IOT and ML also serve as growth-promoting elements.
This fact cannot be denied that the latest technologies are expensive, and established enterprises and organizations can achieve them. However, the advantage of cloud computing has provided cloud-based models like SaaS. The technologies based on SaaS have made it possible for businesses of almost all sizes to purchase them.
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.
SaaS Model: Making the Wholesale Business More Agile
The advancement of technology has created many tech solutions. There is numerous AI-based software that permits businesses to quickly and easily access anything ranging from returns of processing to viewing the snapshots of inventory to analyze the ordered volume.
Technology-Oriented Solution
With these advanced and tech-oriented solutions, wholesale businesses can empower their staff, such as sales managers, warehouse managers, returns managers, pickers, and packers, so that they can easily carry out and manage all business tasks from any location. Doing this will foster productivity, collaboration, and efficiency.
Another benefit of SaaS-based wholesale order software is less disturbance because one can access the whole backend from any place with the help of a mobile device.
Flawless and Powerful Integration
Businesses can tie up with various company systems using the systems of integration like wholesale QuickBooks online e-commerce, which streamlines their operational procedures. Businesses can also link up with multiple integrations, from marketplace management to accounting to shipping and order fulfillment.
Moreover, a practical integrated system can increase productivity and scale to greater profits. The integration with e-commerce also allows your brand to manage the customers around different sales channels. The support of superior integration makes it easy to complete wholesale orders on time and utilize industrial use cases and scenarios with the ERP and wholesale custom order management software.
The wholesale order software with an integration system also enables businesses to arrange listings on the local marketplace. The routine tasks, such as downloading pending orders, creating labels, adding new products, printing dispatch manifests, updating inventory stock, etc., can be managed efficiently.
Cost-effective Through Streamlined Procedures
The workflow of the wholesale warehouse can be easily specified at every stage of a product with the help of specific technology. The general layout can be designed quickly with virtual warehouse technology. Batch management, cycle counting, and shelf management are the capabilities of WMS providers that can actively manage each SKU while minimizing stock deterioration.
Time-Saving
Wholesalers may process bulk orders using a uniform interface, guarantee quick order dispatching, and minimize warehouse stock picking time. Due to this, productivity gets increases, and time is managed effectively.
Automation Minimizes the Operational Conflicts
The process of automation streamlines operations and the errors also get minimized due to less intervention of humans.
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.
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, data analytics allows recognition of the highest and lowest-selling products and channels, and actionable insights help enhance the efficiency of the warehouse.
Experience of Post-Purchase
To build a substantial business, the post-purchase experience is also crucial. The post-purchase experience is essential so customers can be convinced and considerations, such as timely deliveries and order management, can be kept simple.
Final Thoughts
SaaS is driving all industries as it encompasses many advantages. Wholesale businesses continuously adopt SaaS-based wholesale order software systems and modify how they operate.