Why Wholesale & Distribution Businesses Need NetSuite For Consistent Success

Why Wholesale & Distribution Businesses Need NetSuite For Consistent Success

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Wholesale and distribution companies are facing tough competition in the market. In order to gain upper hand and consumer loyalty, distributors need to ensure timely delivery of the products. Real-time visibility across inventory and supply chain ensures productivity and speed which is, indeed, required in order to stay ahead in the competition. Oracle NetSuite is a cloud-based ERP solution that enables distributors to run their businesses on a single, unified platform reducing IT costs and gaining comprehensive, real-time visibility across their organizations. NetSuite’s core capabilities across inventory, accounting and financials, e-commerce, customer relations, etc., help distributors to improve margins, enhance accuracy in reporting, reduce operational costs while enabling them to make more informed decisions.

Why Wholesale & Distribution Businesses Need NetSuite For Consistent Success

NetSuite brings all customer data including sales, support, billing, accounting, shipping, reports, and business planning data to single window, enabling organizations to gain useful business insights to explore sales opportunities. With connected supply chain, CRM, retail channels, inventory, and other processes, NetSuite allows wholesale distributors to manage every part of their business through a single platform. NetSuite quotes – orders, marketing and customer service capabilities connect seamlessly with back-office inventory management, fulfillment and accounting to help organizations to be successful in an omnichannel world. 

 Inventory & Fulfillment Management

With NetSuite Warehouse Management System (WMS), organizations can optimize their distribution operations with RF device directed putaway and also by customized user defined strategies and advanced capabilities.

Useful Business Insights

Collection of information from disparate systems and manually entering that information is a time-consuming as well as error-prone process. With NetSuite Business Intelligence, you get built-in, real-time reporting dashboards and analytics that enable decision-makers to make informed decisions. Real-time visibility across the entire organization enables decision makers to identify issues, trends and opportunities and instantly drill down to the underlying transaction to take action. Furthermore, NetSuite will bring transparency into company performance across all business functions — from summary level to transaction level. Real-time visibility even on-the-go access via web browser and mobile device offers organizations a complete control over the processes.

Supply Chain Management

With advanced inventory management and demand planning techniques, NetSuite enables organizations to make the right decisions and increase your on-time delivery metrics. NetSuite enables you to set up store locations with unique parameters to deliver unprecedented control over your supply chain. All these capabilities try to balance demand and supply, potentially across the globe to enhance efficiency.

Financial Management 

With real-time visibility into the financial performance of the business from a consolidated level down to the individual transactions, NetSuite helps in accelerating financial close while ensuring compliance. With multi-language and multi-currency support, NetSuite enables you to conduct business globally in a hassle-free manner. 

 Procurement 

When requests for goods and services are processed manually using a combination of phone calls, emails, & paper catalogs, then it becomes time-consuming process. By channeling purchases, approving suppliers and pre-negotiated contracts, and improving visibility, NetSuite enables organizations to buy goods and services at the best cost and in a timely manner. By automating and linking key procurement transactions and providing approval and matching workflows to support internal controls and compliance requirements, NetSuite helps in improving the accuracy of the procure-to-pay process. 

Warehouse

With unique capabilities to tracking inventory across multiple locations alongside defining Hierarchical locations & creating sub locations, NetSuite enables you to have a holistic view of inventory levels across all physical locations. These locations can then be broken down into bins to provide a more finite level of tracking.

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