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Inventory and Supplier Management

Manage Inventory and Supplier Relations More Effectively

Optimize your inventory and your supply chain to speed delivery time, increase sales, improve inventory turn and deliver the products your customers want when they want them.

Inventory Management

  • Achieve real-time inventory visibility across all channels including stores, warehouses, 3PLs and drop-ship locations.
  • Leverage Multi-Warehouse Inventory to perpetual inventory tracking across multiple locations.
  • Track transfers between locations within the enterprise, even across subsidiaries.
  • Receive purchase orders and transfer orders at all inventory locations.
  • Manage and tracking inventory adjustments; as well as their financial impact to the business.
  • Audit current inventory positions at scheduled intervals with Physical Counts.

Supplier Management

  • Manage your supplier/vendor relationships from single system.
  • Allow vendors to interact directly with your business to see invoices and orders, and even make payments through our Supplier Portal.
  • Track and have full visibility to all purchase orders for each vendor.
  • Ensure compliance for all vendors with full 3 Way Match visibility to automaticity highlight items outside of tolerances.
  • Delivery Date Management for inbound orders to ensure you are prepared to meet incoming supply.
  • Set up supplier KPIs to manage compliance and success factors related to vendor scorecards.

Business Impact

Increased Vendor Effectiveness

Real-time access to vendor performance KPI’s and scorecards.

Reduce Inventory Carrying Costs

Using intelligent data to better leverage inventory across the supply chain.

NetSuite for Retail

  • Business requirements: The ERP system should meet your organization’s business needs and align with your operational processes.
  • Scalability: The system should be scalable to meet your organization’s future needs, including growth, expansion, and changing business requirements.
  • Customization: The system should allow for customization to meet specific business needs and integrate with other systems.
  • Integration: The ERP system should integrate with other systems and applications your organization uses, such as CRM, HR, accounting, and inventory management.
  • Ease of use: The system should be user-friendly and easy to use, reducing training costs and ensuring a smooth transition for employees.
  • Cost: Consider the total cost of ownership, including licensing, implementation, training, and ongoing maintenance costs.
  • Security: The ERP system should have robust security features to protect sensitive data and prevent unauthorized access.
    Vendor reputation: Choose a reputable vendor with a proven track record of delivering quality ERP systems and excellent customer support.
  • Support & maintenance: The vendor should offer reliable support and maintenance services to ensure smooth system operation and minimize downtime.
  • Industry-specific features: The ERP system should have industry-specific features that meet your needs, such as compliance with regulatory requirements or specific reporting capabilities.
  • Experience and expertise: Choose a vendor with a proven track record of delivering successful ERP implementations. Look for reviews, case studies, and references to evaluate the vendor’s experience and expertise.
  • Project management methodology: Check their project management approach and see how they manage risks, issues, and change requests.
  • Team composition: Ensure the vendor has the right team composition to deliver successful implementation, with skilled and experienced members having diverse expertise like functional, technical, and project management.
  • Customization capabilities: The vendor should have customization capabilities to meet your specific business needs and integrate with other systems.
  • Cost: Consider the vendor’s pricing structure, including implementation, training, and ongoing maintenance costs.
  • Training and support: Check their training and support processes and see how they will help you and your employees throughout the implementation and beyond.
  • Change management expertise: The vendor should have experience in change management, ensuring your organization can adopt the new system smoothly and efficiently.
  • Communication and collaboration: The vendor should have open and transparent communication channels and foster collaboration between their team and your organization.
  • Data security: The vendor should have robust security features to protect sensitive data and prevent unauthorized access.
  • Scalability: The vendor should have the capabilities to scale the system to meet your organization’s future needs, including growth, expansion, and changing business requirements