An Overview Of Footwear Wholesale Supplier
A prominent footwear distributor sought to address several operational challenges that hindered vendor management and managed the supply chain efficiently and overall performance. As the client has vendors in almost all the states in the USA and multiple warehouses, managing them is a challenge. Also, supplier management and vendor management were creating issues for them. They decided to implement a specialized FOYCOM Footwear ERP system to optimize supply chain and warehouse management, enhance vendor relationship management, and a few customizations required for their business operations.
Challenges Faced By Footwear Distribution Business
Inventory Management Issues
They faced difficulties in tracking inventory levels accurately, resulting in stockouts and excess inventory that tied up capital.
Quality Control Problems
Inconsistent quality across different product lines created customer dissatisfaction and increased returns, impacting the brand's reputation.
Supply Chain Disruption
Coordinating with multiple suppliers led to delays and inefficiencies, affecting timely production and distribution.
Limited Data Analysis
The lack of comprehensive analytics tools restricted the company’s ability to derive actionable insights from production and sales data.
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Solutions For Wholesale Footwear Business FOYCOM Provided
Customized Footwear ERP
FOYCOM is customized to meet the unique needs of the footwear industry business distribution and inventory management.
Real-time Dashboards For Monitoring Every Stage
Integrated dashboards provided visibility into each stage of product inventory from WMS to Vendors, allowing for timely interventions and adjustments.
Automated Inventory Management
The ERP system automated inventory tracking, facilitating Just-In-Time (JIT) inventory management to optimize stock levels.
Quality Management Features
Integrated quality assurance tools were implemented to ensure consistent product quality throughout the manufacturing process. The system was shared with all the contract vendors who were responsible for the production of footwear products.
Enhanced Supply Chain Management
FOYCOM improved coordination with suppliers responsible for the production of footwear products, providing better visibility into lead times and supplier performance.
Data Analytics & Reporting
Advanced data analytics dashboard enabled the company to generate customizable reports, enhancing decision-making processes.
Key Features Of Wholesale Footwear Business
Production Planning Module
Streamlined scheduling and resource allocation to maximize production efficiency and reduce downtime.
Inventory Control System
Automated tracking of inventory levels, enabling precise management and replenishment based on real-time demand.
Quality Assurance Tools
Integrated quality checks and analytics throughout the production process to maintain high standards.
Supplier Management System
Tools for tracking supplier performance, lead times, and communication to improve supply chain reliability.
Benefits Of Wholesale Footwear Business
Increased Production Efficiency
Streamlined processes led to significant improvements in production output and reduced lead times for each contract manufacturer.
Optimized Inventory Levels
The automated inventory management system minimized stockouts and excess inventory, improving cash flow.
Improved Product Quality
Consistent quality control measures resulted in higher customer satisfaction and fewer returns.
Stronger Supply Chain Management
Enhanced visibility into supplier performance and logistics improved the reliability of the supply chain.
Data-Driven Decision Making
Access to comprehensive analytics allowed management to make informed decisions, driving strategic initiatives and growth.
Enhanced Collaboration Across Teams
Integrated communication and workflow tools fostered better collaboration between departments, ensuring alignment and efficiency across the organization.
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Result Of Wholesale Footwear Business
Inventory Optimization
Reduced inventory holding costs by 25% through real-time tracking and automated replenishment.
Demand Forecasting Accuracy
Improved demand forecasting accuracy by 30%, minimizing stockouts and overstock situations.
Order Fulfillment Rate
Increased order fulfillment rates by 40%, ensuring faster delivery and higher customer satisfaction.
Supply Chain Visibility
Enhanced end-to-end supply chain visibility by 50%, enabling better decision-making and proactive management.
Operational Efficiency
Reduced manual errors and process inefficiencies by 35%, contributing to streamlined workflows
Contract manufacturing
contract manufacturing turnaround time increase by 28 %