Data flexibility is the ability to use one source of product data in multiple workflows and systems to easily adapt to different requirements, sales channels, and operational needs. This flexibility can positively impact your wholesale business with greater operational efficiency, real-time product insights to better inform your decision making, enhanced collaboration with your wholesale partners (whether you represent a retailer or a brand), and profitability-boosting personalization.
Improving operational efficiency with omnichannel integration
One major benefit of data flexibility is its ability to improve your brand's operational efficiency. When you can integrate a single source of product data into various systems and workflows, your business eliminates the need to manually transfer data between systems. This improves efficiency by speeding up the data transfer process (since the process is automated). It also reduces time that would usually be spent correcting faulty data caused by human error.
Using a two-way sync wholesale platform, like NuORDER, which seamlessly integrates with over 120 ERP systems, can significantly improve your overall customer experience by reducing manual data transfer, automating sales processes, and centralizing your product data.
Making better decisions with real-time insights
Data flexibility lets you access everything you need within a single system. For instance, NuORDER’s centralized order management system allows you to keep track of your inventory, manage customer contact information, and process orders in real time, in one place.
This centralized, always-up-to-date, access to inventory and order data gives you the power to quickly detect shifts in consumer trends, supply chain disruptions, and other market changes. Staying ahead of these changes can help brands and retailers make better decisions to successfully adapt in a timely fashion, as needed.
Strengthening brand-retailer collaborations
Today, it’s more important than ever to have a robust, fully integrated wholesale platform. The right wholesale platform provides a centralized location for both brands and retailers to collaborate and easily manage assortments, capture key information, and access real-time updates. When brands and merchants can access clean product data in a single location, it makes it easier for them to align on assortments, ensuring that the right products reach the right markets, for everyone’s benefit.
Improving profitability and scalability
Brands can leverage flexible data to personalize product offerings and interactions with buyers to improve both sell-through and their wholesale relationships. For example, brands can use NuORDER to pull data from their order history, bestseller reports, and custom lists to make more impactful and lucrative product recommendations to retailers.
Data flexibility is the secret to wholesale success — request a personalized demo.
