Distribution Software Key Terms
Spread your wings and learn distribution software terminologyDistribution software covers a wide spectrum of areas. Companies use this software to manage inventory control, accounting, customer service, supply chain management, logistics, and customer relationship management. Another area where companies use this software is sales. They rely on it improve their sales performance. Information that employees can obtain include the following: cash sales, sales order delivery, sales order statistics, and commission handling. Learning distribution software key terms will help you get the best out of key components.
Inventory management softwareInventory management, a component of distribution software, is the ability to assess and manage the best level of the company's inventory. One of the reasons why companies use inventory management software is that it gives managers an accurate and specific timetable for replenishing stocks or goods.
Warehouse managementWarehouse management is another component of distribution software. This system involves managing the flow of goods, as well as storing them, throughout the warehouse. Companies rely on warehouse management for improving order rates, boosting employee productivity, and cutting down on excessive inventory.
LogisticsDistribution software also involves logistics. Logistics is the ability to move the flow of information, goods, and other resources from its point-of-origin to the customer. Resources can include people and energy.
Supply chain managementSupply chain management consists of planning and managing all activities, including procurement, sourcing, and logistics. Supply chain management also involves working closely together with partners, which can be suppliers, customers, and providers.
Customer relationship managementCustomer relationship management entails keeping track of and managing existing and potential customers. Companies use customer relationship management software because employees from different departments can enter, save, and access customer information.
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