So if you belong to the hand sanitizer B2B wholesale distribution business, here are a few ways which can help you in dealing with its challenges.
1. Keep an eye on your cash flows
Being in a sanitizer B2B business environment means your customers are other businesses hence expecting a delay in receiving your payments from them is certain.
However, as a sanitizer wholesale distribution business you do have your own payments and dues to clear that you owe to your suppliers.
So keeping a balance between what, when and how much you receive from your clients as against what, when and how much you have to pay ahead; should be your primary concern.
2. Build customer profiles
As a sanitizer B2B wholesale distribution business, chances are that you won’t necessarily have many customers but a selected few big ones.
So managing each customer’s profiles shouldn’t be an issue.
Keep a record for the frequency and volume of their purchases and their payment times.
3. Manage your inventory levels
When you know how often your customers return and what they are likely to order, you can easily manage your inventory levels.
In addition to this, you should also adopt methods to monitor the movement of inventory when it comes inside and leaves your warehouse.
For a more efficient solution, instead of relying on physical counts, integrate your inventory management system into your order handling system.
4. Automate your systems
Automate your system as much as possible and reduce your reliance on employing humans at every stage of business.
For example, in each successful transaction, human interference should be to confirm, pack and dispatch the order. All other tasks such as inventory management, receiving online payments or sending payment reminders, etc. can be automated.
5. Compete in key areas
Businesses tend to engage in price wars which can make a healthy business suffer. So compete in areas such as making your customer service better to get an edge.
This is because sometimes reducing price can worsen your product quality and is not possible after a certain level as well.
6. Fast order fulfilment methods
When you know the behavior of your customers, you can adopt a proactive approach to order fulfilment rather than starting to process their orders after you receive them.
7. Focus on establishing long term business relationships
No matter what your size, focus on building a strong and long lasting business relationship with each of your clients.
About Kairali Ayurvedic Products
Kairali Ayurvedic Products is a world leading Ayurvedic products manufacturing company. Kairali Ayurvedic Products (KAP) are manufactured with highest quality ingredients, are chemical free and infused with herbal ingredients that offer multiple remedies.
Their products range is wide and includes prop. Cosmetics, prop. Oils, herbal cosmetics, classical medicines for ailments and various other problems.
With manufacturing facilities that are GMP certified, in-house R&D units, exports to over 15 countries and the freedom to white label all products whether in bulk or retail packaging, you too can be our partners and benefit from our experience and wide product range to become successful.
For more details and information on how you can increase business with us, contact now
Contact no. +91-9555156156