Global retail ecommerce sales increased by 25.7% in 2020 and continue to climb as more B2C and B2B customers get comfortable buying goods online and more merchants work to accommodate the shift. A cloud-based Enterprise Resource Planning (ERP) platform and an experienced implementation partner can help retailers work through operational challenges, win more sales and boost their profits.
With significant brick-and-mortar and ecommerce footprints, diverse customer bases and extensive product lines, furniture and home goods retailers need technology tools that help them increase their return on investment, optimize their resources and maximize efficiencies.
Despite the fact that barcodes are easy to create, only about half of businesses are using mobile scanners in their warehouses and fulfillment centers today. For small businesses, it may seem like an aspirational goal—something to strive for when they are bigger. But the reality is mobile scanning is easy and inexpensive to adopt and you will likely benefit from it far earlier than you may expect. Download this business guide to understand the benefits of implementing mobile scanning into your day-to-day operations and steps for how to do it.
An accurate inventory forecast is invaluable, especially when supply chains and consumer demand are changing rapidly. Effective inventory forecasting can mean the difference between profitability and piles of unsold goods that eat up your available cash. The bottom-line impact of inventory forecasting is clear: less money is tied up in inventory, stock is maintained at a realistic threshold and ordering becomes much more precise.
As a company sells beyond ecommerce and adds sales channels, the next natural step to solve this problem is to find a solution that manages inventory outside of QuickBooks. Organizations often wind up with multiple systems that don't communicate well with one another, creating a lot of work to keep the system flowing. Download this business guide to hear how many are switching to a unified inventory and financials platform like NetSuite instead.
While physical inventory counts are a necessary evil, they needn’t be so significant a burden. This business guide will explore the key inventory count challenges that companies are dealing with now, show how regular, scheduled cycle counting year-round can ease these pains, and discuss how a unified, cloud enterprise resource planning (ERP) solution enables high inventory accuracy year-round.
Collecting good, timely data with careful analysis to guide proper business decisions is critical to thriving in business today. With that in mind, we’ve collected a set of key performance indicators (KPIs) that every product company should be monitoring consistently.
Are you ready to turbo-charge your business? Tired of struggling with aging business systems, fragmented reporting and never-ending IT costs? Switching from QuickBooks to NetSuite's cloud solution enables companies to lower costs, streamline key business processes, boost productivity and be more competitive. Manage your business end-to-end with one integrated business suite for all your core processes. No more juggling of separate software applications and wasting time and resources maintaining and upgrading a hairball of on-premises software applications.
Retailers with a physical store presence confront new and unprecedented considerations for this holiday shopping season—from increases in ecommerce orders and demand for curbside and in-store pickup to supply chain disruptions and maintaining inventory and fulfill orders. This guide will explore the strategies and tactics that will ensure your business' success this holiday season and beyond.
The coronavirus crisis has exposed the lack of visibility many businesses had into offshore suppliers and manufacturers, which has led many organizations to consider moving pieces of their supply chain to local regions. This paper will cover the benefits of localizing a supply chain—in this case, to North America—major costs to consider, potential barriers to relocation and the steps a business should take if it decides to onshore
For most businesses, the supply chain is not only the primary cost center but one of the most challenging aspects of running a profitable operation. This ebook will examine the role of inventory management in each step of the supply chain and share best practices for how businesses can use inventory management to optimize operations.
In a fiercely competitive environment, electronics retailers can’t rely on discounting alone. Customer satisfaction and delivering on customer expectations is now taking priority with consumers, and in order to deliver, electronics retailers need modern back-office technology.
With the right inventory management solution in place, businesses can flex and adapt quickly regardless of market conditions, challenges or changing business model. This business guide explores how technology helps businesses solve their biggest pain points and shows how to pick an inventory management solution that will position you for success.
As your business continues to grow, as you launch new products, begin selling through additional channels or expand internationally, your inventory needs become more complex.
Download this business guide to learn about the advantages and challenges of using Shopify Plus for all inventory functions. Evaluate if Shopify Plus meets your inventory needs and explore how you may benefit from NetSuite's inventory management system. In this article we address:
The system landscape of many retail companies, either in startup or complacency mode, includes QuickBooks as a financial management system along with a separate “add-on” inventory management system. However, maintaining these separate systems has limitations, which ultimately impact retailers’ ability to innovate, scale and grow. Read this business guide to understand the limitations of using QuickBooks with a stand-alone inventory system, and the value of managing your financials and inventory on one integrated business management system like NetSuite.
Long after ecommerce first upended the retail landscape, the aftershocks continue to impact the outlook and strategy of manufacturers, distributors and retailers. One recent aftershock is the growing appeal of direct-to-consumer sales, when a company markets and sells products straight to the end user without the help of a distributor or third-party retailer.
Ultimately, D2C makes sense for the vast majority of companies that don’t currently sell straight to end users. Selling to consumers does not mean abandoning a tried-and-true B2B business model—it can be a complementary channel. Let’s look at the numerous benefits of going D2C, the operational changes required to support it and the technology necessary to manage two distinct channels.
Whether you are an emerging retailer or established brand, there is always room for operational improvements. These seven strategies have helped retailers improve results and grow their business.
Retail executives often talk about the need to improve the online and in-store customer experiences, drive in-store traffic, and to engage with customers in meaningful ways. But, this is easier said than done—especially across generational cohorts.
Download this brochure to see the cloud management system for retailers.
The Cloud continues to hang over the business computing landscape like, well, a cloud. Public cloud, private cloud, hybrid cloud, SaaS, PaaS, IaaS—all of it makes for a confusing alphabet soup for even the most experienced industry observers and IT pros.
And, as longstanding technology firms look for ways to get into the market and new entrants emerge, creating new terminology, claiming firsts and generally obfuscating the entire landscape, it only promises to get more confusing for technology buyers seeking a cost effective, scalable and agile solution for their needs. This paper serves to provide some clarity around the different flavors of cloud and a detailed explanation of why multi-tenant SaaS offers the greatest combination of value, agility and scalability.
Is your brick-and-mortar store prepared for the digital commerce disruption? Download this business guide and learn Toad&Co’s approach to tackling the next-gen store.
Being prepared for the holiday rush used to mean stocking shelves and making sure your associates were ready for the long hours. But the digital revolution has changed everything, most importantly, customer expectations. Today’s consumer expects a flawless shopping experience. So how do you wow a customer that already has soaring expectations? Here are three steps to prepare your business for this season’s holiday shopper and beyond.
Mobile point-of-sale (mPOS) goes beyond mobile check out. Learn the top five innovative ways to utilize your mPOS technology to drive customer engagement, increase sales and enhance your brand.
Forward-thinking retailers looking to expand and streamline their business are setting the right technology foundation for their future success. By coupling your existing Shopify system with NetSuite can help you address four of the most common issues facing retailers, including: seamless cross-channel management, single source of data, 360-degree view of your customer and real-time inventory visibility.
Forward-thinking retailers looking to expand and streamline their business are setting the right technology foundation for their future success. By coupling your existing Magento system with NetSuite can help you address four of the most common issues facing retailers, including: seamless cross-channel management, single source of data, 360-degree view of your customer and real-time inventory visibility.
Learn about three critical components to achieving the perfect order. Retailers that achieve the perfect order deliver significant business value and ROI, including: higher customer satisfaction, better retention and more repeat purchases.
The blueprint for success starts with a technology foundation that links an organization's front- and back-ends, provides a single view of the customer, enables delivery of a consistently outstanding customer experience, and is flexible and scalable.
In addition to the recognized advantages of cloud software, NetSuite addresses the unique issues that arise when selling in an omnichannel environment.
The way students shop today is vastly different than it was ten, or even five, years ago. Run your multi-channel, multi-location campus store with NetSuite’s Campus Store edition, developed specifically to meet the needs of tomorrow’s modern bookstore.