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There is no question that the supplier industry is under pressure. Costs are rising, margins are shrinking and competition is fierce. In this difficult environment, it is more important than ever to increase competitiveness through optimal process flows with a focus on cost reductions and cost transparency.
The supply industry is constantly evolving and changing. Therefore, it is important to keep up to date with the latest developments and technologies in order to stay ahead of the competition. One of the most important aspects of the supply industry is the business model.
Simply put, a business model is how you make money as a company. It encompasses everything your company sells and how you sell it, from the resources you need, to your customer relationships and revenue streams.
Today's supply industry feature three main types of business models:
Product companies,
service companies,
Hybrid companies
Product companies manufacture and sell physical products. They are usually manufacturing companies, but can also be wholesalers or retailers. The key to success for product companies is efficient production and supply chain management.
Service companies provide consulting, installation, maintenance or other services. The key to success for service companies is the consistent provision of high-quality services.
Hybrid companies are a mixture of product and service companies. They manufacture products but also offer services such as installation. To be successful, hybrid companies must be good at both products and services.
Choosing the right ERP system for your business model is important to the success of your business, ensuring that you get the functionality and process support that is critical to your business model.
Some of the most important functions for the supplier industry include support for:
If you have any questions about digitisation or are looking for an ERP system for a supply and production company, please use our advanced pages with this link or contact us briefly by mail. We'll be happy to help answer your questions and find the right solution for your business."
