When you think about the system you use to drive efficiency at your company, you probably assume that you’re covered because you have ERP software in place. But do you have the most efficient back-office solution possible? In order to maintain market advantage, it’s worth checking.
You’re not a one-size-fits-all company, so you shouldn’t settle for the first option you come across. It takes careful consideration and exploration to find right-fit technology.
So how do you evaluate your ERP software options? We’re here to help.
It’s easy to get used to compensating for shortfalls in the tools you use and simply working around problems. Over time you don’t even recognise that legacy solutions are keeping your company from realising its full potential.
What order management, inventory control and reporting workflows aren't being addressed by your current ERP software? How well do you understand what your current solution is doing for your business? (A great tool for figuring this out is our Navigating Change worksheet available below). It’s important to know what you actually need and to understand what your current software is (or isn’t) doing for your business.
In wholesale distribution, your ERP software should comprehensively cover these three needs:
Along with that change, be prepared to run into some growing pains. It’s a natural part of the process, but it’s something you’ll get through with the right technology partner.
The top three reasons things sometimes go wrong with implementation are:
1. You’re working with the wrong partner. Perhaps they lack experience with your industry or they don’t fully understand your business processes.
2. The planning wasn’t up to snuff. This could stem from inadequate communication or the absence of clear, committed project management throughout the process.
3. The solution is wrong. Don’t attempt to reimplement the same old software. If it wasn’t working before, then it’s probably time to find an ERP that actually works for you.
Plug-and-play apps are fine for some things, but not necessarily for business solutions. You might need some help getting up to speed and maximising how you locate, launch and leverage your new ERP solution.
So, how do you choose a technology partner?
First, don’t settle for anybody who doesn’t understand the fundamentals of wholesale distribution management.
Reach out to experts with demonstrated experience solving problems at all levels. Make sure to investigate the unique offerings of each product by working closely with a dedicated consultant.
A proper solution should give you the insight and management tools to help your business grow, so it's important not to rush.
Remember that the journey is as important as the destination. Different ERPs offer different features, making it challenging to know which one is the perfect match for your organisation.
If you're looking at ERP solutions specifically designed for wholesale distribution, then consider NetSuite for Wholesale Distribution.
Using this one-stop resource, all of your business processes can be conveniently connected through a single platform.
You work in a fast-paced industry, and success hinges on meeting customer demands. NetSuite helps you stay lean and effective, allowing you to maintain high productivity levels so you can continue to meet and exceed customer expectations in the wholesale distribution market.
For all of the benefits you can expect from an ERP system, how should you go about implementing it?
It isn’t always a flawless process. But with patience and the expertise of a trusted partner, you’ll find your footing sooner than you think. Our “secret sauce” is a good example of how to successfully embrace a new ERP system.
You’re no longer limited to the locally installed ERPs of yesterday. Today’s web-based ERPs live in the cloud, allowing for seamless updates and lower costs related to physical infrastructure.
NetSuite is the cloud ERP of choice for wholesale distributors for a variety of reasons. You’ll be able to manage the complexities of your business and scale with the ease of a cloud native platform.
|Manage your business flow:
You’ll be able to oversee everything, in addition to providing access for your vendors, customers and sales partners. Gain greater transparency into the progress of orders and project ahead to what may be needed week-to-week. Read more here on how NetSuite enables greater visibility into your supply chain.
Connect your barcode scanning into NetSuite, automate shipping updates and chase overdue accounts automatically. Automating workflows in NetSuite is user-driven, intuitive and eliminates manual processing and potential human error. All of these features result in better cost management with NetSuite.
|Reach the people you need, when you need to:
Enable omnichannel commerce so you can stay in contact with all of your customers via multiple communication streams and across multiple platforms. Connect your POS and distribution work orders to ensure everyone is on track and up-to-date with stock levels.
Multi-location inventory management: