ERP
ERP System and Why is It So Important for Your Online Businesses
Online businesses are thriving, especially since the global COVID-19 pandemic began. E-Commerce and online marketplaces are flourishing everywhere. In Singapore, online shopping platforms has doubled their website traffic up to 40% between 2019 and 2020, and almost 30% further between 2020 and 2021.
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Oct 12, 2022 12:14 pm
Online businesses are thriving, especially since the global COVID-19 pandemic began. E-Commerce and online marketplaces are flourishing everywhere. In Singapore, online shopping platforms has doubled their website traffic up to 40% between 2019 and 2020, and almost 30% further between 2020 and 2021.
On the business operation side, their employees head count keeps steadily increasing since last couple of years. Online shopping is here to stay, and that’s where you should be focusing your resources from now on.
Now, as a business owner, it’s not unusual to have more than one online marketplace at your disposal, right? Your business should be existed not just in one platform, to make it easier for people to find you. Shopee, Lazada, Amazon, Qoo10, Shopify, those are just several of top online platforms available in Singapore. But how to easily manage those platforms?
What is ERP?
ERP (Enterprise Resource Planning) is a system, a process utilized by companies (or business owners) to manage important parts of their businesses. ERP improves resource planning by integrating all related process in a business under a one solid system. It can be applied to many aspects of a business; be it logistic & inventory, sales, marketing, finance, human resources, and many others.
An ERP system ties together various business processes, collecting data from them, and generating insights. In a more advanced version of this application, it can even clean and provide data visualization. Cool, isn’t it?
For example, when we’re talking about online marketplaces, most of business owners doesn’t have to bother about physical stores, but if it involved physical goods, then somehow you got to deal with inventories and logistics as well.
Then these questions pop up; how to process order from various sources? How to manage inventories in several location, and integrate them with the marketplace? How to know when you stock is low and need to contact your suppliers? A good ERP system can help you answer those questions, and avoid future problems.
Why is ERP System Important?
Because it helps you manage your online selling channels, so you can focus on growing your business. It promotes integration across different functions in a business process, streamline the whole process, increase efficiencies, and finally reduce cost associated with slow information flow, impractical administrative routine, and outdated insights & strategy. Eventually, your business can gain a better line of sight, and will be able to plan and allocate resources properly. Yes, getting a good ERP system may be a bit costly at first, but the benefits are surely worth the price.
Hubbed Web Application
Hubbed is a web-based application, created by retailer, for retailers. Much like an ERP system for inventory & logistic operation, Hubbed is inspired by the founder’s challenges to manage multiple online selling channels, multiple warehouses, and retail stores. It’s designed to automate and streamline the inventory & sales process, so business owners can focus on growing the businesses without worrying about managing logistics.
In Hubbed, a business owner will be able to:
- Create a store or multiple stores
- Create several channels per store
- Integrate marketplaces with Hubbed system (Shopify, Shopee, Lazada, Zalora, etc.)
- Sync all information from order details, SKU, customer information, etc.
- Process or cancel, pick and sort order from Hubbed dashboard
- Track items’ location and quantity
- Review sales performance for all channels from a simple and integrated dashboard
- Generate reports to CSV file
Hubbed’s founder understands that there are many challenges need to be dealt with on everyday basis, and that’s why Hubbed doesn’t stop improving and keeps adding more features in the future; to make business process far much easier for retailers in Singapore and others.
Request a Demo
If you have any questions about what other services Hubbed provided, feel free to send us an e-mail at hello@hubbed.co, and we’ll reply back to you as soon as possible.
And if you wish to have a product demo instead, you can also send a request to that e-mail address, or just fill the form here, and our consultant will contact you to discuss and schedule a product demo.
#ERP
#general
#online business
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