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How to Optimize Your Tasks to Grow Wholesale Business?

By Slyvia J Dougherty on December 11, 2022 - Fact checked by Dumb Little Man

 How to Optimize Your Tasks to Grow Wholesale Business?
Business Featured How To
by Slyvia J Dougherty December 11, 2022

Manual processes to manage your wholesale business tasks are outdated. Humans are prone to errors and they make mistakes. They often forget their required tasks. They’re unable to complete their tasks on time.

So, improve your task management process to track and complete your tasks on time. You can experience significant growth in your wholesale business by managing your tasks efficiently.

So, we’ll guide you on ways to use tasks efficiently and grow your business. Before that, you should identify the tasks for your wholesale business.

Wholesale Business Tasks

Some key tasks of a wholesale business are:

  • Buying inventory for your warehouse from the manufacturers
  • Transporting inventory to your warehouse
  • Storing items in the warehouse racks
  • Packing and shipping your orders
  • Promoting your business

Integrating A Task Management System

To optimize your wholesale business tasks, install a task management system for your business. It is software to organize your tasks in a list and set priorities for your tasks.

Functions Of Task Management System

Functions Of Task Management System
Photo: mopinion

The functions of a task management system are to:

  • List down your tasks
  • Schedule your tasks
  • Assign tasks to your employees
  • Set a deadline for completing tasks
  • Set the priority of your tasks
  • Monitor the progress of tasks
  • Track the output of your tasks

⫸ List Down Your Tasks

Create a to-do checklist of your tasks with the assistance of the software. Once you’re done, keep it updated by checking off tasks that are completed. This keeps your mind on track with things you still have to do and encourages productivity.

⫸ Schedule Your Tasks

The software lets you set a date and time to begin a task within your task list. You can schedule your tasks for multiple days as you’ve to perform some business tasks daily.

⫸ Assign Tasks to Your Employees

You can assign certain tasks to certain employees with your task management software. You know which employees are good at which skills. So, you assign them tasks accordingly.

⫸ Set A Deadline for Completing Tasks

You can set a due date for a task on the software. The deadline allows you to observe the performance of your employees. You can see which employees are meeting the given deadlines.

⫸ Set The Priority of Your Tasks

Prioritization is the importance of urgency of a task or goal to achieve. Some tasks are more important or urgent than others. This software helps you to prioritize tasks by setting priority levels for each task. So, your team can learn which task is more important or urgent. They can work on the prioritized task first.

⫸ Monitor The Progress of Tasks

You have so many tasks on your list. The software makes it easy for you to check the status of these tasks. You can check whether the task is completed or in progress.

⫸ Track The Output of Your Tasks

Task management software updates you about the total time it takes to complete a certain task. You can monitor the performance of your employees. The system provides you with key metrics. You can make future decisions on how to improve team performance.

If you detect any errors, you can inform your employees about them. You can teach them how to overcome their weak points.

Benefits Of Software for Business Growth

Task management software streamlines your task management. You can easily optimize the performance of all of your employees. This can assist you in growing your wholesale business. Let’s study how these systems benefit your business growth.

✅ Improvement In Performance

These systems allow you to monitor and analyze the performance of your employees. You can conduct individual or team meetings with your employees. Provide feedback on their performance. Assist them on how to improve their performances.

✅ Better Collaboration Within Teams

Some tasks require teamwork. Tools allow teams to collaborate on several tasks. Teams can discuss tasks and various business matters through these tools. Each team member can put forward their suggestions. A combination of thoughts can form a collaborative plan. These plans encourage teams to produce better results for the company.

✅ Boost In Productivity

Task management software provides you with a good estimate of the total time to complete tasks. Your prioritized tasks with deadlines improve your team members’ capability of achieving tasks quickly.

You get to know which activities are time efficient and which activities consume time. You can eliminate such processes. You can devise better strategies to complete tasks quickly. Teams can save time and focus on their next tasks.

✅ Project Documents

Task management tools allow you to create project documents. These documents contain your project plan. You can save these documents in the tools and view them anytime. You can also share them with your team so they can view them as well. They can read useful points and implement these in their strategy.

✅ Remote Working Facility

Sometimes you’ve to work from home due to some circumstances. Task management software facilitates your remote working. You can easily access your required data anywhere by logging into your software. So, you’re not affected by any such issue. You can continue working from your home.

✅ Track Multiple Tasks All at Once

Task management systems have multiple tasks assigned to your team. It lets you track the progress of each task simultaneously.
Divide Larger Tasks into Smaller Tasks

It is usually difficult to manage a larger task. You can break that task into smaller subtasks with the task management system. Team members can easily complete these subtasks simultaneously. By that, you can complete that large task at once. This saves you time and you can focus on other projects.

✅ Divide Your Different Departments into Groups

There are various departments in a wholesale organization such as marketing, finance, and information technology. Separate these departments into groups. For example, create a separate group for your sales executives.

The system lets you create a separate workspace for these different groups. You can assign relevant tasks to your sales department in this workplace. Only your sales team receives notifications for these tasks. You don’t bother your other departments for these certain tasks.

✅ Streamline Task Optimization with Online Wholesale Marketplaces

The purpose of task optimization is to track and solve your tasks effectively. Online wholesale marketplaces are a good medium to streamline your task management. All you have to do is create a seller account. And begin selling. You don’t have to take care of any task. The marketplaces take care of that.

Marketplaces focus on all the tasks including:

  • Marketing your business
  • Packing and shipping your products
  • Paying the amount digitally

Let’s see some of the popular online wholesale marketplaces which make processes easier for you.

Alibaba

Alibaba is one of the world’s largest online marketplaces by revenue and number. Alibaba provides many benefits to sellers including:

  • Creating a storefront for your business
  • Negotiating prices with buyers
  • Viewing analytics of sales

SeeBiz

SeeBiz is a complete ecosystem with a robust marketplace and a social networking platform for the B2B community. SeeBiz has revolutionized the industry by providing a one-of-of-a-kind product timeline for businesses. The business community can share products and news on a timeline.

SeeBiz is also the first marketplace that has several unique features. Seller’s form different groups of buyers. Sellers can assign customized prices to their different groups. They can negotiate accordingly.

Other seller benefits include:

  • Advertising for your business on Google Ads with a campaign worth $200
  • Creating a professional storefront to represent your business
  • Optimizing your online store for you
  • Promoting your business by showcasing it on the homepage
  • Showcasing your best products

Tundra

Tundra is a well-renowned wholesale marketplace. It has recognition in notable publications. Major brands like Burt’s Bees sell their products on Tundra. Tundra is unique as it does not charge any commission on selling a product. It also gives you full control to promote your brand.

Conclusion

Automate your processes with task management software. It’s going to boost your company’s productivity leading to better sales and increased revenue. When task management software takes over repetitive tasks, you can focus more on promoting your brand.

Like this Article? Subscribe to Our Feed!

Author: Slyvia J Dougherty

Sylvia is a prolific writer with a particular focus on B2B wholesale businesses and markets. Her articles have helped numerous wholesale businesses sell goods in bulk to local and global buyers. To learn more about the latest changes in the B2B wholesale industry, you can read Sylvia’s blogs on Hongkiat News Break and GREY Journal.

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