NetSuite: How to Gain an Edge in the Wholesale Distribution Industry

TMC has come to understand that succeeding in wholesale distribution industry depends on a lot more than simply knowing costs per unit, products on hand and what your company has in transit. To succeed and prolong profitability, your company has to excel in your business relationships and develop a deep understanding of the how important your trading partners are and how they enhance the value to your supply network.

Today’s ultra-competitive, shrinking global marketplace heightens the importance of monitoring and managing supplier performance both in real time and over the long term, and to utilize collaborative technologies to strengthen trading partner interactions. TMC has helped its clients understand that the stakes are high and a disruption triggered by an underperforming partner can result in delays, high emergency costs, customer dissatisfaction and a blow to profitability. This is something that NetSuite has combated and can give its customers a competitive advantage in the distribution field.

NetSuite saves distributors countless hours of work associated with data entry, organization andfulfillment. You can convert forecasts to orders, orders to shipments and shipments to revenue with unprecedented efficiency. NetSuite’s procurement, inventory and fulfillment management offers a complete set of capabilities that provide integrated supply chain management, while NetSuite’s purchasing and vendor management capabilities help you reduce spending on goods and services, streamline procure-to-pay processes and ensure compliance with corporate policies.

Cloud Computing  is revolutionizing the wholesale distribution and how companies now matter how big or small engage with trading partners, monitor performance and identify opportunities for improvement. Leading wholesale distributors are breaking new ground with speed, precision, visibility and cost-efficiency that on-premise applications simply can’t keep up with.

One Application to Run Your Distribution Business

Distributors typically cobble together and juggle numerous business applications and spreadsheets to manage the intricacies of this complex industry. Now you can stop wasting precious resources managing multiple “silo” systems. NetSuite is the one intelligent, integrated, customizable application to unify your business processes, increase visibility for better decision-making and extend collaborative processes to your customers and channel partners.

NetSuite provides wholesale distribution businesses with the power of built-in real-time dashboards, reporting and analysis integrated right into the ERP, CRM or ecommerce application that employees use every day. Business users gain personalized visibility into the latest business performance metrics,whether financial, sales, service or marketing performance.

Because NetSuite hosts the software, it allows businesses like yours to use sophisticated software applications over the Internet, giving you better access to more robust solutions with greater security, management and economy than most mid-market companies could ever purchase and manage in-house. In addition, NetSuite has been developed and implemented with multiple layers of data redundancy for comprehensive security and business continuity. You can be assured that your data is accurate, accessible and secure. According to research firm Gartner, the SaaS model can reduce total cost of ownership by 50% or more. In addition to eliminating the initial start-up costs of purchasing traditional licensed software and the servers to run it, SaaS solutions make it easier to plan and budget reliably, since your subscriptions are based on your usage. In other words, you don’t pay for functionality you don’t want or don’t use.

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