Supply chain management is one of the key struggles for businesses executing retail operations. Supervising the primary functions of aligning flows, coordinating processes, integrating functions, designing complex systems, and managing resources often get troublesome for administrators amid delivering quality customer services. In particular, retail businesses have frequent impediments to transparency and visibility into supply chain management. Eventually, it leads to late order processing, substandard customer service, and administrators fail to deliver analytics for strategic planning. ‘
In such a case, NetSuite 2019 Release 2 Supply Chain Enhancements extends escalation in all the functions associated and assists businesses to deliver expeditious customer services. Administrators can make the most of the four elements supply, operations, logistics, and integration of supply chain management processes with advanced enhancements diligently.
NetSuite 2019 Release 2 Supply Chain Enhancementshas come up with extensive capabilities of SuiteAnalytics Workbooks, mobile enhancements, global financials, and multi-subsidiary entity functionality to streamline all the operations with supply chain management. With its SuiteCommerce extension framework, it enables business organizations to render businesslike customer experiences. Proffering grid ordering, product lead-time display for out-of-stock products, endless scrolling on category pages, inventory display on Product Detail Page, concurrent product comparisons, order status display, and e-mail notifications, it is grabbing global attention to optimize efficiency and drive productivity through multifarious operations.
With the introduction of Supply Chain Control Tower, businesses can gain real-time visibility and transparency into their operations to steer analytical improvements.Pre-configured supply chain KPIs, predicted purchase order risks, alerts, and Commitment and Allocation Engine correspondent with inventory, order deadlines, and customer types drive efficiency within the organizational operations. Also, it enables business administrators to target alerts identifying supply chain issues, track overall progress, control inventory, and accelerate on-time delivery to steer proficiency.
NetSuite 2019 Release 2 Supply Chain Enhancements has come up with advanced Merchandise Hierarchy capability to facilitate dealers with robust inventory planning, including setting marketing attributes of color, size, fabric, pattern, and model number. This facilitates easy and quick sorting of products as well as manage user interface for active engagement of the potentials. It renders the capabilities of standard sales Workbooks to assists business administrators access sales and inventory insights at the most fundamental level through automated processes.
Promotions are the most resourceful processes as they entice customer engagement and help render robust customer services wherever required. With Suite Promotions, administrators get more flexibility to specify the number of products as per the customers’ requisites and qualify that particular product for a promotion or a discount accordingly. Also, it helps them choose whether to apply or repeat the discount for the strategical promotion of the product. NetSuite 2019 Release 2 Supply Chain Enhancements has facilitated merchandisers to prompt promotion most efficiently to grow a huge clientele.
More informed decisions help manage the core functions of the business and gain profitability. NetSuite 2019 Release 2 Supply Chain Enhancements offerthe Suite Analytics Workbook solution to gain deeper insights and get increased prospects for reporting as well. This intuitive solution enables businesses for faster and more efficient queries solution. The innovative capabilities assist administrators to query, analyze, and visualize primary criterion with optimized ease. Also, actionable insights help business administrators monitor on-going demand, the progress of its fulfillment and plan for future goals accordingly.
Personalized Catalog Views
NetSuite 2019 Release 2 Supply Chain Enhancements introduce personalized catalog view to render customizable services to some specific potentials. It enables businesses to show curated products to specific shoppers and deliver personalized access to a pre-defined set of products efficiently. In particular, this functionality prompts customer engagement and assures customer satisfaction by enabling them to primarily view and buy products of their choice.
NetSuite 2019 Release 2 Supply Chain Enhancementsassist business organizations to get aligned with broader business initiatives and focus on stronger planning processes to upgrade interactive communication with the customers. It boosts improved customer services and helps drive as substantial buildout as well.
A few months ago, Oracle NetSuite launched SuiteAnalytics Workbook in beta mode and it is expected that the Workbook will be available with 19.1 release. This new feature addition will empower NetSuite ERP users with intuitive, easy to use, and consistent toolset in order to create, analyze, and share business intelligence facts & figures such as reports, charts based on your data. With Workbook, users can investigate and visualize the data natively within the NetSuite environment.
SuiteAnalytics Workbook helps to identify inter-dependencies and relationships in your data and helps to measure how changes will affect your business in the near future. For instance, it helps to bring deep insights into your sources and based on that, users can forecast and predict trends to know unexpected gaps or hidden factors. NetSuite Analytics Workbook also empowers users to improve their planning efforts by just identifying data dependencies that may not be seen using higher level reports.
Let’s know more about the Workbook practices with the examples demonstrating analytics task:
Workbook can be considered as your main user interface and a data container where users can define and visualize data analytics. This Workbook comprises three main elements such as:
This Workbook allows users to do multi-level of joins of record types even if the user does not have an understanding of deep-data-modeling. Now the question comes ‘ where and how can I enable this feature?’
All you need to enable your SuiteAnalytics Workbook by going through your account under Setup-> Company->Enable feature: Analytics tab, “SuiteAnalytics Workbook”. Once you enable this feature, you need to click on “Analytics” tab on your dashboard in order to create a new Workbook (You can also edit the previously created Workbook using same feature). Now, you can start utilizing the NetSuite Analytics functionality.
In this blog, we covered a brief about SuiteAnalytics Workbook, why we should use it and how to set up or enable the feature to start making use of it. We will continue more information in our next blog.
If you are planning to implement NetSuite ERP for your organization, do contact inoday. We are an authorized NetSuite Consulting Partner on global level.
In every profession, there are some set of rules that professionals have to follow to perform and leave a lasting impression. Similar to every business, consulting services in IT domain also need to serve clients by following certain rules of the road. Would you as a client consider hiring someone who can miss out on the very first appointment secured for the project discussion? The answer most probably would be a no, since no one has got enough time and patience for unnecessary hassle. Similar to this, following are some do’s and don’ts that consultants must pay attention before going for a new project appointment.
Live up to small promises: Stand firm on your promises with your prospects, or maybe with everyone. This can cover being on time, etc. that applies to meetings, phone calls, deliverables and so on; for everyone expects constant communication in present-day world.
Make yourself easy to reach: When you are not available to your prospectives easily, it reduces your ability to close deal with anyone. You should include emails and contact information over every web page to not miss out on any business opportunities.
Say “Thank You” more often: Don’t take anything for granted, whether you received a new project or just got a return phone call and remember to say thank you sincerely.
Jumping to conclusions beforehand: It can turn off your prospective at the very start of the meeting because the clients don’t feel heard and understood. You may have experience of years and you may love to solve problems of the clients, but never try to emerge a smart consultant by simply providing a solution even before letting your client complete his part. Clients want to be heard and contribute to the discussions in a meaningful way. If the answer doesn’t fit the need of the client, it can result in rejection of your solutions and there’s a huge chance that the client is not going to hear about your other solutions further.
Using similar approach with every client: There are two ways to approach clients. Some people know how to sell benefits and some know how to make clients aware about the scary consequences of something. If you are proficient in both ways, you know how to best handle various clients by matching with their passive, assertive or aggressive personalities.
Don’t share a bad mood: We’re bound to have moments of anger, blue or frustration, but always remember that your client isn’t prepared for that.
With every know how of what to follow and what not to, to emerge pleasing but not cheesy; you now have the right power to attract your potential clients. There are different consultants out there serving in different industries, among which most required consultants are the ERP consultants. Having served worldwide clients for a decade with NetSuite consulting services, inoday has carved a dominant position. Our NetSuite consultants possess intricate skills and knowledge of every industry to serve you in best possible manner. After a careful understanding of your requirements, we do in-depth R&D to offer best results via our NetSuite consulting at best prices.
Engineered for high-growing, mid-sized businesses and large enterprises, Oracle NetSuite is cloud-based, true SaaS business management solution that enables companies to manage all key business processes through single system. Available as online service, Oracle NetSuite ERP requires no large upfront cost, no maintenance fees associated with hardware or software, and no complex set ups. NetSuite ERP features capabilities across financial management, revenue management, fixed assets, order management, billing, and inventory management while delivering real-time view of key performance indicators and reports to top management, enabling them to make well-informed decisions.
Key features of Oracle NetSuite ERP
Financial Management – As comprehensive financial management solution, NetSuite ERP expedites daily financial transactions, accelerates the financial close while ensuring compliance. By consolidating financial data, reports and transactions into single platform, NetSuite delivers real-time visibility into the financial performance. Furthermore, it can be integrated seamlessly with order management, inventory, CRM and ecommerce functions to streamline critical business processes.
Planning and Budgeting – NetSuite facilitates both company-wide and departmental financial planning, accommodating wide range of business logics. NetSuite also offers seamless integration with Microsoft Office tools such as Microsoft Outlook, Excel, Word and PowerPoint with Smart View for Office, allowing users to leverage Excel as the environment for adding custom members on the fly, slicing and dicing data and ad-hoc modeling.
Order Management – Eliminate manual bottlenecks, prevent errors while establishing smooth flow from sales quote to order fulfillment, ensuring timely invoicing and payment. You can improve quote accuracy, eliminate billing errors, & strengthen revenue recognition processes by integrating sales, finance and fulfillment teams.
Production Management – NetSuite ERP enables organizations to run their manufacturing operations efficiently by streamlining sales order, work order processing, routing, scheduling, order fulfillment and product costing. By offering real-time visibility into every step of the production process, NetSuite help you to make better-informed decisions.
Supply Chain & Inventory Management – Build to support modern supply chain across multiple continents and time zones, NetSuite ERP provides a global time phase view that enables you to see projected inventory along any demand or supply. NetSuite ERP features demand planning capability with which organizations can calculate and predict demand based on historical demand, open opportunities and/or manually entered or imported sales forecasts.
Warehouse and Order Fulfillment – NetSuite helps organizations to improve warehouse operations by increasing agility, visibility and labor efficiency. With sophisticated Warehouse Management System (WMS), NetSuite helps in optimally managing all resources within distribution operations while minimizing the total cost of operation or ownership (TCO). NetSuite, further, supports RF device directed putaway and picking tasks driven by customized user defined strategies and advanced capabilities like wave management, cartonization, cycle count planning, real time inventory updates and integration with shipping systems.
Procurement – As procurement solution, NetSuite helps companies buy goods and services at the best cost and in a timely manner. NetSuite delivers real-time information into company spend and vendor performance while improving the accuracy of the procure-to-pay process by automating and linking key procurement transactions.
As leading NetSuite Consultants in India, we can guide your through digital transformation. Feel free to contact us.
All types of businesses require a strong management to excel in their domain. Capital investment of a business cannot give the best returns unless it is utilized to the fullest. Making smart decisions using the best technology in the industry can be helpful for a business to achieve aims. NetSuite ERP comes across as the best business management software solution that can effectively fulfill requirements of businesses of every kind and size. Consulting experts to avail best benefits is the right way to make the most of ERP solutions. These consulting professionals can assist you through every step of the way. Understanding the crucial business, designing a plan accordingly and executing it properly can let you have best returns. The only concern comes in the way for companies is to find a reliable ERP consulting service provider to find optimum benefits.
Consulting experts design a best suited plan and offer solutions to achieve organizational goals. They also offer ERP integration to maximize the effectiveness and provide staff education to guide them about NetSuite technology. Choosing the right consulting firm, companies should consider different aspects such as if their consultants can offer addons for NetSuite ERP that work as a cutting-edge solution and should cover guided navigation and easy to control SEO friendly product reviews. Choosing the right ERP, you can manage all business operations from a single, integrated platform along with benefits that are listed below:
3600 view of all business processes at any given time
Reduced business complexities as well as costs due to disparate systems
Enhanced sales & marketing
Improved customer experience across multiple channels
With above cited benefits that organization can have through NetSuite consulting services, companies need to avail it from right place. Shortlisting the most dependable names in the industry, inoday has proved its credibility among its ERP solution providing contemporaries at global platform. Its service structure comprises assessments, solution architecture, project management, implementation services, optimization services, etc. to exceed the expectations. With a clear vision of clients’ business, NetSuite consultants create unique business management solutions and implement them properly to enhance entire operation execution. Accomplishing projects within committed time frame and other such attributes let it stand out among others in the industry.