Trading Industry

Difficulties and opportunities faced by the trading industry

Natuzero Limited, Andy Wai

The trading industry is popular in Hong Kong, and many merchants also distribute products overseas and sell them in Hong Kong. However, the current business environment changes with time. To lead the industry, employers should take part in digital transformation. Electronic management will help business projects maintain and enhance their competitiveness. The trade system is aimed at the current business system and integrates external environmental factors, operating data, corporate information, and industry reports to make corporate management more standardized, and achieve comprehensive supervision, reduce costs, and improve competitiveness, thereby bringing greater profits to the company.


1. Goods selection

Companies should use past data to analyze and grasp the needs of consumers, and make the most effective and targeted marketing strategies to target the needs and preferences of consumers in the selection of goods, and estimate the needs of "returning customers".

2. Replenishment

Based on past data, we estimate product demand, automatically track each point of sale, use the inventory replenishment program to calculate replenishment volume and arrange delivery time, which replaces the traditional complicated inventory replenishment method and shortens the time from order to delivery.

3. Buying procedures

Complicated procedures for daily purchases, such as: quotation, issuance of purchase orders, contact with manufacturers or wholesalers. The system can simplify complicated work, adjust the corresponding mode, and automate the buying process. At the same time, it can help process and manage goods, reduce human errors, and reduce the burden on employees.

4. Make deals with suppliers

After each purchase procedure is completed, the company will make a transaction with the supplier. Accounting is an indispensable procedure after the transaction. Different bills have different contract terms, negative payment periods, etc. The manual accounting model is prone to errors. Once an error or omission occurs, it will cause a lot of inconvenience and even loss to the entire enterprise. The system effectively handles all expenditures and income, avoiding frequent errors.


1. Product information management

The inventory of the goods and the average purchase cost affect the user's decision to purchase in the future. In addition, the complete management of goods information can help deal with all kinds of complicated information about the goods. As long as the product serial number is entered, the detailed information of the goods such as category, product code, cost, selling price, etc. will be displayed, which helps to process and manage the details of the goods. data.

2. Instant inventory query

With real-time data assistance, companies can accurately understand inventory.

3. Notification of warehouse entry and exit

The manager should master the real-time operation of the warehouse. The warehouse colleagues will assist the manager to check the goods in the warehouse and prepare the goods for delivery. The manager will be notified by then and can understand the progress of the process on the platform to reduce the workload of the management.

4. Statistical Report

The status of the warehouse just reflects the needs of customers, and functions such as inventory analysis are indispensable. Record customer buying habits and trends, monitor inventory status and reduce inventory costs, and grasp customer purchasing preferences, and analyze them to improve business efficiency and competitiveness. Furthermore, the system will automatically produce statistical reports for reference after the meeting.


1. Logistics Arrangement

Enterprises should start to allocate inventory to reduce logistics errors. The system will follow up the progress of the supplier's purchase. At the same time, the system will use the data to calculate the buyer's needs, and notify the buyer of the arrival time and arrangement through real-time information, so that the logistics arrangement is more appropriate.


1. Field salesperson

The sales management of trade is different from the retail or online store model adopted by the general retail industry. Instead, it employs field salespersons to visit potential customers and promote them. At present, the quality of field salespersons may vary. Salespersons' daily working locations are different. It is difficult for employers to monitor and regulate their daily work. The system can track the whereabouts of salespersons and real-time sales. At the same time, it can systematically organize all sales receipts and current handwritten receipts. Furthermore, in daily work, salespersons only need to log in to their account with a tablet or mobile phone, and no longer need to hold a bunch of heavy documents for promotion.


1. Master real-time financial status

The management of the entire accounting system of the company has great utility for the entire manager. Using an omni-channel method, we can master procurement, warehouse rent, employee salaries, etc., understand the costs of the entire operation, facilitate evaluation and analysis, and maximize profits.


1. Promotion of business

Business promotion is an indispensable part of every social industry. The rise of electronic media and social networking sites provides managers with more platforms to promote their businesses and attract more customers. At the same time, using an omni-channel approach and combining different platforms to make promotion more effective.

To Sum Up

As the social business circle changes, enterprises should follow the pace and realize the digital transformation of trade. The trading industry can systematically replace the old methods and solve the original problems, so that the enterprise can achieve maximum benefits.