In our recent webinar series, we were treated to a demonstration of NetSuite ERP for distribution. We discovered during the session how NetSuite can help distributors tackle issues in areas such as omni channel and e-commerce.
About NetSuite ERP for Distribution
Founded in 1998 as only a cloud ERP solution, NetSuite is one of the fastest growing ERP companies today. They have grown by more than 30% over the last fourteen consecutive quarters, with nearly 5,000 employees supporting more than 30,000 organizations worldwide running NetSuite solutions.
E-Commerce and Omni Channel Solutions
According to NetSuite, distributors choose to run NetSuite ERP for distribution because it is a solution designed for the modern business and built for wholesale and distribution organizations, with a platform that enables flexibility and a unified data model that delivers intelligence to all business users. Another key component of NetSuite, and where Ultra sees them competing very well in the distribution space, is with their e-Commerce and omni channel solutions. Omni channel and e-Commerce are some of the most significant challenges facing distributors, with pressures coming from e-tailers like Amazon.
NetSuite is focused on solving these issues and is actually one of the few ERP solution providers with a native e-Commerce platform built into the solution. Along with a cloud-based platform, these offerings provide their users with a 360-degree view of their customers, and enable businesses to provide an innovative customer experience anytime, anywhere, on any device. It also gives businesses the ability to intelligently manage orders across all channels with ability to buy, fulfill, and process returns anywhere.
However, e-Commerce alone isn’t enough to make for a successful distribution ERP deployment. NetSuite therefore has developed a strategy that first addresses getting solid processes and systems in place. Beginning with focusing on remediating the financial management systems, order management, inventory, CRM, and operational intelligence, NetSuite ERP for distribution helps first increase their inventory visibility, and their ability to manage and process orders, while enhancing the overall customer experience. This strength in e-Commerce should not distract from the fact that NetSuite offers a complete solution for distributors with functionality that supports inventory management, procurement, warehousing, demand planning, rebates, lead-to-cash, and reporting and analytics.
NetSuite claims their deployment approach will help businesses expand, innovate, enhance, and disrupt with B2C and B2B solutions, supply chain automation, warehouse management and field service solutions, marketing automation, and intelligent pricing and margin management. NetSuite supports these claims with a report from SL Associates, which conducted a comprehensive study of NetSuite customers that showed the following transformative results:
- 56% increase in actionable insights
- 1-5% increase in gross margin
- 30% decrease in inventory costs
- 75% decrease in IT support costs
To learn more about the cloud-based NetSuite ERP solution for distribution, request access to this webinar via our On-Demand Webinars page.