NetSuite’s 2020 Outlook on Wholesale Distribution
With the elevated financial market and trade tensions, the wholesale distribution industry is expected for considerable growth. Distributors are looking forward to a 3%–3.5% growth in the coming year. They’re looking for modern technological solutions to meet the following goals:
- Innovation and productivity in key processes
- New capabilities for workforce management and industry-specific operations
- Data-driven omnichannel e-commerce capabilities that are aligned with core business processes
- Extending business and sales channels along with international endeavors.
In this blog post, we’ll look at how NetSuite promises to help distribution businesses reach new heights in the ever-expanding digital marketplace:
Keeping Up With Emerging Trends In The Distribution Industry
With emergent platforms like Amazon transforming the shopping experience for both distributors and consumers, distributors look for ERP solutions that can help them satisfy and retain customers in today’s competitive marketplace.
NetSuite helps distributors keep pace with workforce demographics, pricing models, customer needs, and more. It fast-tracks order-to-cash processes with omnichannel capabilities and gives distributors complete control over procure-to-pay with improved supplier relationship, forecasting, and transparency.
Gain Competitive Advantage With An Integrated Platform
NetSuite is an all-in-one ERP platform that integrates advanced inventory management, demand planning, warehouse management, accounting and finance, business analytics and reporting, supply chain management, and much more in a single solution. Distributors can utilize this cloud ERP to see immediate results in competitiveness and profitability.
Efficiency On The Warehouse Floor
The cutthroat price competitiveness, automation, and optimization challenge is what keeps warehouse distributors up at night.
NetSuite Warehouse Management Solution (WMS) provides distributors greater efficiency on the warehouse floor and end-user convenience in the form of improved barcode scanning and printing functionalities with the WMS mobile SuiteApp. It allows users to quickly enter barcode data with GS1 support.
What’s more, the new and improved mobile interface allows distributors to track inbound shipments on-the-go!
Unparalleled Quality Management
Effective sampling is crucial to maintaining quality standards, reducing overall costs, and inspection processing times. This is where NetSuite’s quality management capabilities come in!
The ERP solution can not only manage and track large volumes of data, but it can also speed up the sampling process with automation and projections. The inspector tracks real-time information using a user-friendly interface, enters the data in the application, and maintains records of inspections.
Address Distribution Challenges with NetSuite For Wholesale Distributors
Drive efficiency with a leading cloud ERP platform that assists SMBs and enterprises across several industries and verticals in achieving business goals.
From the planning to the implementation and integration stage, our Netsuite Implementation partners can help you make the most of your NetSuite investment.
Get in touch with us today at 1-800-459-7128 for more information on NetSuite Wholesale Distributors.