Wholesale Distribution, Technology, and the Future of a Trillion Dollar Industry
Wholesale Distribution, Technology, and the Future of a Trillion Dollar Industry
Futurum Tech Webcast Featuring DataXstream and SAP
In a recent episode of the Futurum Tech Webcast – Interview Series, Tim Yates, CEO of DataXstream, and Magnus Meier, SAP Global Head of Wholesale Distribution, joined host Daniel Newman in a conversation on the future of wholesale distribution. They touched on trends in digital transformation within the industry, the current state of the industry in 2020, and how COVID-19 has changed the way wholesalers work.
In the U.S. alone, there are approximately 415,000 wholesale businesses with combined annual sales of about $7.8 trillion. Supply chain visibility and order complexity challenges plague these companies and, at a time when customers have more choices than ever and expect top-notch customer service, wholesalers that don’t prioritize fixing these issues won’t survive.
These are the problems that DataXstream – an SAP partner – and SAP are helping to address. During the webcast, the participants discussed topics, including the following:
- Common challenges facing wholesale distributors and whether COVID-19 has made these challenges worse
- An understanding of the complexities in order and inventory management
- The possible technology solutions that wholesalers are turning to in order to ease their order and inventory management problems, including a look into OMS+, the order management system from DataXstream
- What successful customers have done to shorten time to value in order to maximize ROI when investing in software solutions
- A few customer use cases that explore how SAP and DataXstream customers have been able to meet their challenges head on by using OMS+ Order Management and POS Solution from DataXstream
Tim and Magnus brought a wealth of knowledge to the conversation, and it’s one you don’t want to miss.