Introduction
More distributors are entering the market and realizing how important it is to act big in their technological practices and sales channels. It is actually where money is generated one week and lost the next if you forecast poorly.
Distributors can guarantee growth and increase efficiency by automating business processes using NetSuite wholesale distribution modules. Anybody who operates in their industry, wherever in the world, can compete with wholesale wholesalers.
NetSuite wholesale distribution tool maximizes the efficiency and profitability of businesses, which is why many wholesale distributors are adopting this ERP for their business models.
NetSuite for Wholesale Distribution
Wholesale distributors have had to adjust to a very rapid pace of fairly extreme change; wholesale distributors must continue to adapt and be nimble to achieve success going forward.
Using NetSuite, wholesale distributors can run their business on one platform, reducing IT costs while generating end-to-end, real-time visibility across the organization.
Run your entire business on a single, true cloud platform. Eliminate multiple, disconnected applications and centralize different sources of data into one configurable system that is easily accessible from anywhere.
Understand your operations better. Leverage information from data across your organization and provide your workers with what they need.
4 Advantages of Implementing NetSuite ERP for Wholesale Distribution
1. Streamline Processes for Enhanced Order Efficiency
The NetSuite wholesale distribution provides an excellent platform for running end-to-end order management. Much of the order efficiency can be improved by automating manual tasks and integrating different departments of a business.
Order entry is fast and flawless, thus reducing errors and increasing processing time. Real-time visibility into inventory helps avoid any case of stock-out and overstock. At the same time, automated replenishment alerts ensure the optimization of inventory levels according to demand.
This provides for smooth picking, packing, and shipment; the WMS integration will ensure accuracy with complete visibility throughout fulfillment. Customers appreciate timely order status updates, and such features can be automated through email or by portal notifications to enhance customer satisfaction and reduce inquiries.
Use Case: A wholesale distributor of electronics components experiences a surge in orders during peak seasons. NetSuite’s order management capabilities enable them to handle increased order volume efficiently, reducing order processing time by 30% and improving customer satisfaction.
2. Easily Manage Larger Orders
NetSuite wholesale distribution can work with large orders be diverse by many SKUs, order configurations, and delivery terms. It has simplified a large number of configurations to enable orders to be customized based on the customer’s requirements.
All this is done when completing inventory assignments for an order across many orders, efficient to not disappoint, and timely delivery. The management of simple kits and bundles will make the maintenance of assembly errors a bit easier.
NetSuite facilitates doing business with drop-ship suppliers by integrating with those suppliers, maintaining the direct dispatch of sales orders, and managing the back-end billing and supplier purchase process within NetSuite.
Use Case: A wholesale distributor of furniture deals with large, complex orders involving multiple items and delivery schedules. NetSuite’s order management features enable them to handle these orders efficiently, reducing order processing time and improving customer satisfaction.
3. Reduce Time Spent on Handling Returns
NetSuite wholesale distribution offers end-to-end tools for returning products in such a way that associated costs are reduced to a minimum. In an effortless manner, it creates and processes return authorization requests, reducing mountains of paperwork. It automates inventory updates to account for returns upon receipt for accuracy.
The reasons for return can be analyzed to drive action on product quality or process improvements. Besides, it efficiently processes refunds, which aids in customer satisfaction.
Use Case: A wholesale distributor of apparel experiences a high volume of returns. NetSuite’s return management features enable them to process returns quickly and accurately, reducing processing time by 50% and improving customer satisfaction.
4. Foster Stronger Relationships with Customers and Vendors
NetSuite wholesale distribution enables better communication and collaboration with customers and vendors, building strong relational ties. The CRM functionality provides one single place for customer information, sales opportunities, and interactions.
All vendor information, purchase orders, and payments are efficiently maintained. It allows collaboration via email, through portals, and document-sharing tools. Customer self-service options, such as online access to order status, invoices, and support resources, empower customers and enhance satisfaction.
Use Case: A wholesale distributor of automotive parts improves customer satisfaction by providing online access to order information and real-time inventory data through NetSuite’s customer portal.
Conclusion
Folio3 offers a broad spectrum of NetSuite consulting services for wholesale distribution. We understand how to create a custom solution of NetSuite for wholesale distribution business. We focus on finding solutions to important problems with your company’s present distribution system and operational procedures.
Please get in touch with us if you require professional integration services catered to your company’s demands. Our team of experts is dedicated to providing streamlined and effective solutions that boost your online business.
