Adding Value to Your Distribution Business
Value-added services can help to differentiate your company from the competition and increase revenue.A basic principle of business operations is distinguishing your company from the competition. Larger companies generally have the advantage of scale; smaller companies must find ways to differentiate themselves to gain new customers, retain existing ones, and add new revenue streams. One way distributors can do this is to offer value-added services to their customers.Incorporating the right value-added services into your distribution business requires careful planning and implementation. The upfront investment must not outweigh the long-term potential for profitability. Leveraging existing systems, including ERP software, can help mitigate the risk and increase your bottom line.