Control over inventory and collection is the core of the business for a distributor or retail store. Having a true command over the accounts means optimizing the entire route of the merchandise: from entry to exit.

These areas represent the bulk of the operation because of how they are closely related to variables such as costs, flows, service, and customer perception; in other words, profitability, finances, and sales.

Implementing NetSuite, an enterprise can take control of key functions that also work in synergy and create a cascading virtuous effect. This article explores some of them, supported by success stories in companies in the industry that have implemented this solution through Anchor Group.

 EASE OF REGISTRATION

Registering the merchandise means classifying and arranging it; A system like Oracle NetSuite simplifies and automates these functions with gun methods and mapping important data such as traceability.

The platform also helps manage the variation of origin of their suppliers since in these records all costs can be integrated, including customs and import, always according to the country of origin of the products.

CONSULT AT ALL TIMES

Good registration leads to the correct retrieval, location, and measurement of inventories, so here an efficient system in the cloud means the possibility of monitoring the activity of the company in real-time, including collections and general finances.

For example, in the sales area, this visibility provides accuracy in the management of agents and price lists. The company can manage to balance the costs with the possible margins in the commercialization and the activity and commissions of its sales force, in a process prepared for the detection and correction of anomalies in the prices offered.

DECISION-MAKING INTELLIGENCE

Not only does the past and present visibility derive from the previous point, but its future impact; Mobile app of NetSuite  provides relevant metrics to guide corporate decisions with accurate and trustworthy information.

Oracle suite enabled the adoption of key performance indicators (KPI) as the guiding principle in decision-making; By incorporating the most important metrics in the industry and the ability to generate reports in real-time, this opened up a different landscape for the distributor.

EFFICIENT MANAGEMENT

The platform enhances the above functions with others of great operational importance such as triggering purchase orders and approval, optimizing quantities in inventory and shipments according to their location, and even performing audit and control tasks with employees to avoid theft, waste, and losses. the margin for cost overruns.

tool makes it easier to monitor inventory turnover and know the details of the sale in all areas, which means the possibility of cultivating that essential balance in the marketers: never have too much or too much less, to know what to buy and what not to buy at all times, according to conditions, junctures, and seasonality.

CUSTOMER FOCUS

These systems and efforts to the interior result in a positive effect to the exterior; This enables sales through different channels and the installation of portals so that customers can order, track and invoice their orders in a simple way; all this, directly connected to the accounting system of the company, to keep a unified account of income and expenses.

Since Oracle NetSuite connects all processes directly with sales through different channels and is concentrated by portals with orders in real-time, the organization has achieved excellent service tailored to each client.

Oracle NETSUITE is the backbone on which one can rely to try to dream and grow. We are in the process of getting more out of it. This year we are on the learning curve of the B2B and B2C modules to access more opportunities.

In short, Oracle NETSUITE integrates the business from end to end and allows to achieve the optimal balance between its different resources, so that these never exceed and never lack, according to the goals of any company in the distribution industry.