In the current distribution landscape, wholesalers face all kinds of uphill battles. From resolving warehouse issues and unifying operations to eliminating silos in communication and other areas of potential human error, there are a lot of moving pieces to keep track of. Drop the ball in one area, and a problem that was just a small snag can quickly impact the rest of the wholesale distribution operation.
Some wholesalers move hundreds, if not thousands, of units per month. And successfully keeping track of all that activity - while simultaneously keeping partner and customer relations, financials and ecommerce processes humming along smoothly - is a challenge, to say the least.
In this type of environment, wholesalers could use a little help. Thankfully, NetSuite - which includes a comprehensive suite of tools to enable users to streamline their management functions from a single platform - is here to ease the common struggles wholesale distributors face.
Here are a few things you and your decision-making team need to know as you assess NetSuite for your business:
You’ve probably heard of NetSuite before. Oracle has been a leading name in the enterprise resource planning industry for years. What’s more, our own research shows that NetSuite leads the pack in terms of cloud ERP solutions.
But what exactly does NetSuite offer?
While it’s typically billed as an enterprise resource planning software, NetSuite is so much more than that. For wholesale distributors specifically, NetSuite provides powerful features, including:
And this is just the beginning. NetSuite is a user-friendly and scalable solution, so it can evolve right alongside your operations.
Now that we have a basic understanding of the features and capabilities of NetSuite, it’s important to translate these into tangible, business results. Don’t worry, we’ve done the heavy lifting for you here:
NetSuite spans the full spectrum of your business stakeholders: For managers and supervisors, the platform can boost their visibility and actionable insight by as much as 80%. And IT team members note a 75% reduction in support resource costs, as well as a 50-75% savings in business continuity and disaster recovery costs.
Basically, all these numbers mean that you can save a considerable amount of time and money with NetSuite on your side. And these are resources you can reallocate - remember how we touched on providing more time for accountants to devote to value-add work? That kind of benefit carries across your entire organisation, through your warehouse operations, your sales team, IT and beyond.
Numbers and stats are powerful, sure. But there are a few more things you should know about how a comprehensive enterprise resource planning platform like NetSuite can impact your management process, supply chain and the rest of your business.
NetSuite brings all of these key, yet formerly siloed functions together, including financials, marketing, inventory and customer relationship management. Having all of these functions accessible in a single platform boosts visibility and enables your staff to have the most detailed insight into the other areas of the business. After all, impacts like these often result in a domino effect - and in the case of NetSuite, this is a good thing.
Consider it this way: Improved inventory management can pave the way for more efficient fulfillment rates. Better fulfillment means quicker and more streamlined delivery, keeping your vendors more satisfied (and even impressed!) with your service capabilities.
And through NetSuite’s CRM module, you can track how every partner is doing. NetSuite can record each and every interaction with your partners and customers, from marketing through sales and service, and allow you to search and view all of this activity. This provides one of the most powerful and valuable resources you could ask for: a complete and comprehensive view of your customers.
Now, here comes the tricky part - it’s absolutely critical to pick a NetSuite partner that can support you, your business and, by extension, all of your vendors.
Look for a partner that will support you every step of the way, from deployment and integration, through scalable expansion.
Here at Fusion5, we do more than sell and implement NetSuite. We help our clients establish and maintain a complete, comprehensive, future-proofed environment.
Reach out to us today through the panel below, or check out the Navigating Change worksheet we made for companies considering whether they need an ERP or not and how it could change their business.