Many wholesalers may not realize that challenges in the technology they’re using come from using tools that are not specifically designed for their wholesale business model. The first, and biggest challenge is with Excel, a platform that has no standard practices across multiple accounts, is extremely tedious and time-consuming and is prone to errors. The second challenge is when wholesalers make the leap to a new platform, only to find out that what appears to be an effective solution on the surface has hidden roadblocks because the tool was actually built for retailers.
By making the shift to tools specifically designed for wholesale operations, businesses can gain better visibility, more accurate forecasting and the ability to streamline their processes. Wholesalers will also be in the position to get out of “Excel hell” and leverage real-time data, remove silos across departments, enjoy better planning and increase sales by understanding what sells and what doesn’t.
It’s Time to Ditch Excel for Critical Wholesale Operations
Many wholesalers still rely on Excel to manage critical operations like account planning, inventory tracking, production schedules and sales data. While Excel might seem like a flexible tool, it often leads to data silos where different departments are working with outdated or incomplete information. Spreadsheets are prone to manual errors, such as incorrect formulas or misentered data–which can result in costly mistakes. Excel doesn’t provide the big-picture view needed to make quick, data-driven decisions.
Take for example a wholesaler managing multiple accounts. If the account management tool isn’t linked to the production system, key information, like sudden changes in order size or delivery timelines don’t get communicated efficiently, resulting in misaligned expectations, late deliveries, and frustrated clients.
In contrast, adopting real-time data tools give wholesalers a single source of truth that enables faster, smarter decision making. Real-time systems provide up-to-the-minute insights on inventory levels, order status, and production progress, allowing teams to react to changes instantly. If a sudden increase in orders occurs, real-time data allows production to ramp up immediately, ensuring the business can meet demand without delays.
Wholesale Tech Platforms Reveal Meaningful Data that Drives Profits
Wholesalers operate in a fundamentally different space from retailers. This area of retail needs a system that helps manage production timelines, track multiple accounts, and fulfills complex bulk orders. They rely on tools that can track production schedules across various manufacturers, allowing them to potentially help retailers bring goods to market earlier, provide insights into items that will have higher sell-throughs, and potentially increase orders of items that have sold well. Wholesalers need tools that have the sophistication to handle large, multi-location warehouses, seasonal inventory cycles, or forecasting based on bulk orders. Excel certainly won’t help effectively avoid missed opportunities to optimize order fulfillment and doesn’t provide real-time data or the ability to understand where pockets of opportunity to save time and money can be found.
Even other types of retail systems that are not designed specifically for wholesale end up prioritizing individual sales, consumer behavior, and small-batch inventory management. These tasks don’t translate well to the wholesale environment.
Meaningful Outcomes that Avoid Common Pitfalls
One of the most significant advantages of using a platform designed specifically for wholesalers is accurate forecasting for production buys. Wholesale businesses often deal with large quantities and longer lead times, so having tools that can analyze bulk order trends and predict future demand is essential.
For example, a wholesaler supplying clothing to large retailers can use wholesale-specific forecasting tools to determine how much fabric to order for production months in advance, ensuring they meet demand without overcommitting to resources. These tools help avoid common pitfalls such as underbuying, which leads to stock shortages, or overbuying, which results in excess inventory that ties up capital.
Another key benefit is the ability to improve order fill rates with tools that are designed to track and optimize the entire order process. These systems allow wholesalers to manage bulk orders, ensure timely production and coordinate shipping schedules effectively. This leads to better fill rates, meaning that orders are fulfilled accurately and on time.
Wholesale tools also emphasize account planning rather than location-level planning, and allows businesses to track the specific needs of each account, such as seasonal buying patterns or bulk order preferences, and tailor their production accordingly.
A Unified Source of Truth by Connecting Inventory, Production, Sales, and Accounting
For wholesalers, full system integration is the cornerstone of efficient and effective operations. When all systems, including inventory, production, sales, and accounting are connected, the data becomes a single, unified source of truth. Instead of departments working in isolation, everyone has access to real-time, cohesive information that reflects the current state of the business.
When a sales team enters a new order, that information immediately updates inventory and production systems, ensuring everyone is aligned. This eliminates the need for manual data transfers or constant back-and-forth communication, reducing errors and preventing miscommunication.
When systems are fully integrated, wholesalers gain control over their operations. For wholesalers, integration isn’t just an upgrade. It’s the difference between chaos and control.
Read the original article on Fashion Mannuscript here: https://issuu.com/mannpublicationsmagazines/docs/nov_dec_2_
To learn more about our AI-based wholesale solutions, email us at info@7thonline.com or book a demo with our team.
Comments