wholesale distribution

Unveiling NetSuite Release 2: Elevating Wholesale Distribution

The global wholesale distribution landscape is undergoing an unprecedented transformation. Changing consumer behaviours, coupled with technological advancements, have spurred the industry to adapt and innovate. In the ever-evolving landscape of wholesale distribution, the ability to swiftly adapt and optimise operations remains paramount. The launch of NetSuite’s 2021 Release 2, even as we navigate 2023, stands a testament to how forward-thinking technology remains invaluable in today’s challenging times.

INVENTORY MANAGEMENT UPGRADES: CRAFTING PRECISION AT EVERY STEP

In the highly dynamic world of wholesale, the relevance of impeccable Inventory Management has skyrocketed. The NetSuite 2021 Release 2 has taken note of this and made significant enhancements in this domain.

  • Efficient Lot Numbering: Traditional manual processes are becoming obsolete. The new release introduces automatic lot number generation, making the process foolproof. This not only ensures accuracy but also reduces human error and boosts operational efficiency.
  • Custom Lot Fields: With the introduction of custom lot fields, businesses now have the flexibility to capture specific inventory details, ranging from supplier lot numbers to manufacture dates. This additional layer of detail paves the way for more informed decision-making and better traceability.
  • Revolutionising Warehouse Operations: The modern distributor demands more than just basic inventory tracking. To this end, the enhanced features in NetSuite’s latest release address critical aspects like cost-effective shipping methods, ensuring more streamlined operations.

SUPPLY CHAIN OPTIMISATION: THE BACKBONE OF FUTURE-READY DISTRIBUTION

The lifeblood of any successful wholesale distributor is an optimised supply chain. NetSuite 2021 Release 2 introduced several upgrades, focusing on inventory controls and supply chain fine-tuning.

  • Dynamic Planning: The new release offers a versatile view for planners, allowing them to display planning results daily, weekly, or monthly. Such flexibility permits distributors to adjust strategies in real-time, responding promptly to market changes.
  • Precision in Inventory Allocation: Ensuring the right products reach the right destinations is crucial. NetSuite’s advanced inventory allocation strategies ensure this precision, allowing distributors to manage demand better and optimise their stock levels.
  • Reinforcing Trust through Quality: With the capability to automatically generate certificates of analysis, distributors can further validate the quality and compliance of their products. Such transparent practices will inevitably strengthen client relationships and brand reputation.

E-COMMERCE ACCELERATION TRENDS: REDEFINING ONLINE SALES FOR DISTRIBUTORS

In a digital-first world, distributors can no longer sideline the importance of a strong online presence. eCommerce Acceleration is now a necessity, and this release delivers robust tools to meet this need.
• Streamlined SuiteCommerce Setup: Recognising the challenges distributors face in setting up eCommerce platforms, the new release simplifies the process. The once complicated and lengthy setup can now be initiated with a single click, indicating the product’s commitment to user-friendliness.
• Enhanced Omnichannel Capabilities: Beyond just setting up an online store, today’s distributors need to be present across various channels. Integrated third-party sales channels, courtesy of the NetSuite Connector, ensure that distributors can reach their customers wherever they are, be it online marketplaces or brick-and-mortar stores.

NETSUITE ENHANCEMENTS: BOOSTING EFFICIENCY AND FINANCIAL AUTOMATION

The 2021 release’s enhancements are not just limited to inventory and e-commerce; they touch upon crucial financial and operational aspects that dictate a distributor’s success.
• Financial Precision: With the ability to reflect changes only on future transactions and the feature of consolidating purchase requisitions across subsidiaries, businesses can expect to see heightened financial accuracy. Such meticulousness is crucial for ensuring a distributor’s financial health and compliance.
• Streamlining Payments: By integrating online payment links and facilitating ACH electronic payments, NetSuite caters to the evolving needs of both distributors and their customers. Such seamless payment methods not only enhance the customer experience but also accelerate the payment process, boosting cash flows.

NAVIGATE CHANGE WITH LINKED

Navigating the vast landscape of wholesale distribution can be a daunting task. This is where Linked, with its expansive expertise in ERP and cloud systems/solutions, emerges as the partner of choice. As a proud partner of NetSuite, Linked ensures that businesses leverage the full potential of NetSuite, thereby driving success and growth.

Ready to propel your wholesale distribution venture into a promising future? Reach out to Linked today, and together, let’s craft a success story tailored to your unique needs.