Distributors: How to Be Like Amazon (3 Steps)
At this point, business customers, like consumers, expect the Amazon experience: They want what they want ASAP. And they want the buying process to be frictionless.
August 6, 2020
At this point, business customers, like consumers, expect the Amazon experience: They want what they want ASAP. And they want the buying process to be frictionless.
The procure-to-pay (P2P) process—which encompasses everything from identifying procurement needs to making final payments to suppliers—has become a crucial factor for success in the manufacturing and distribution industries.
In today’s rapidly changing business environment, manufacturers and distributors face increasing pressure to optimize business processes, reduce costs and respond quickly to market changes. As competition increases and customer demands rise, companies need to innovate to streamline workflows and boost efficiency. More and more, they’re turning to cloud-based Enterprise Resource Planning software (ERP) to address these challenges.
Thanks to technological advances in the industry, the global smart meters market is expected to grow from $20.7 billion in 2020 to $28.6 billion by 2025, a compound annual growth rate of 6.7 percent. For companies at the forefront, it’s a chance to gain ground and boost revenue.
Years ago, cloud computing wasn’t yet available to smaller companies, or the cost was exorbitant to explore. However, today the Cloud is open, ready and affordable for companies of all sizes and across all industries. Companies can take advantage of the Cloud’s numerous benefits in productivity, security, budget, efficiency and more.
Adopt Amazon’s Playbook to Build Loyalty and Operational Excellence Today’s business buyers, like consumers, expect the Amazon experience: They want what they want ASAP. And they want the buying process