SAN JOSE, Calif., May 18, 2016 /PRNewswire/ --NETSUITE SUITEWORLD
2016 -NetSuite Inc. (NYSE: N), the industry's leading provider of
cloud-based financials / ERP and omnichannel commerce software
suites, today announced significant new features designed to help
wholesale distributors optimize their operations across warehouse
management, ecommerce, order management and procurement. These new
features are designed to enable wholesale distributors to adapt to
rapidly changing customer expectations, competitive pressures and
global scale. The enhancements announced today demonstrate
NetSuite's accelerated product innovation across all industries and
for wholesale distribution in particular, at an unstoppable
pace.
Wholesale distributors today confront significant challenges in
the form of rising customer expectations for B2B commerce,
increasingly distributed supply chains and greater pressure on
margins. Additionally, new opportunities in the form of mobile
computing, the Internet of Things and a global customer base made
possible by the Internet, present their own challenges. NetSuite
provides innovative distributors with a complete and connected
business suite with scalable, intelligent, easy-to-use features
that link together financials, ecommerce, inventory and customer
data—enabling them to transform their business to meet the needs of
the modern customer.
"Rapidly evolving customer expectations, increased competition
and global distribution networks are forcing wholesale distributors
to innovate and adapt in order to survive," said Jim McGeever, President and COO of NetSuite.
"With these enhancements, NetSuite provides a unified system with
the tools they need to transform their business today and the
flexibility to adapt to the challenges of tomorrow."
The enhancements announced today deliver key benefits for
wholesale distributors across warehouse management systems (WMS),
ecommerce, order management and procurement.
WMS Lite for Nimble Distributors
Growing and
innovative distributors often require many of the automation and
scanning capabilities in the warehouse that their larger
counterparts enjoy, but have few options besides expensive and
legacy on-premise solutions. NetSuite WMS Lite extends NetSuite's
native inventory and warehouse capabilities with mobile RF handheld
scanning. WMS Lite improves speed and accuracy through automation
and is the ideal solution for less complex warehouses with less
than 50,000 square feet or where significant optimization
strategies aren't required; retail stores that serve as a
distribution center in an omnichannel world; and trucks, trailers
and other non-traditional environments that can serve as
distribution centers. NetSuite WMS Lite provides wholesale
distributors with the following benefits:
- Improved Efficiency with Barcode Scanning. Replace
manual warehouse processes with automation and RF mobile handheld
scanning.
- Increased Customer Satisfaction. Distributors can
increase order fill rates and fulfillment accuracy while reducing
shipping errors.
- Better Visibility. Get real-time access into
transactions and inventory movements as they are performed in the
warehouse.
- Rapid Deployment. WMS Lite's capabilities can be added
to an existing NetSuite implementation in a matter of weeks without
major process changes or disruptions.
B2B Ecommerce for Manufacturers and Distributors
Building on its longstanding history as a platform for distributors
extending into ecommerce, NetSuite has released enhancements that
support the following wholesale distribution processes,
including:
- Multi-Channel Purchasing Support
- Google Tag Manager
- Password Protect Site
- Login to See Pricing
- Cancel Order
- Application Performance Sensor
- Alternative Payments
Order Management for the Modern Distributor
The
release of NetSuite Intelligent Order Management helps wholesale
distributors meet rising customer expectations and streamlines the
constantly-evolving complexities of omnichannel order
orchestration. Distributors can now automate how to best fulfill
orders based on their inventory availability and the configurable
business rules they establish inside NetSuite. New functionality
includes:
- Order Sourcing and Allocation. NetSuite's automatic
location assignment allows vendors to optimize for reduced costs,
faster delivery or a combination of factors to enable a
fulfill-from-anywhere solution across all channels.
- Release for Fulfillment. Merchants get control over
their release-for-fulfillment process with a second, automated
process, which decides when to release orders and notifies each
fulfillment location of which order to fulfill. Fulfillment
managers get full visibility into the process – released orders,
fulfillment status, order exceptions.
- Exception Management. Automatically handle most order
exceptions so the business scales with fixed headcount. NetSuite
attempts to fulfill exception orders then informs the CSR or
fulfillment manager of an unfilled order. Exceptions caused by
inventory discrepancies are automatically flagged for
resolution.
- Order Management Insight and KPIs. Empower operations
managers to measure their attainment of the perfect order with
insight and intelligence, from promising and allocation, to
orchestration and fulfillment, through to payments and
returns.
Procure-to-Pay
NetSuite's procure-to-pay capabilities
provide a superior user experience, allowing organizations to make
intelligent purchases, buying at the right time, at the right cost
with an intuitive, simplified workflow and user interface.
Enhancements to NetSuite's procurement capabilities include:
- Request for Quote
- Purchase Contracts
- Vendor-Bill Payment Holds
- Blanket POs
Today, more than 30,000 companies and subsidiaries depend on
NetSuite to run complex, mission-critical business processes
globally in the cloud. Since its inception in 1998, NetSuite has
established itself as the leading provider of cloud-based
financials/enterprise resource planning (ERP) and omnichannel
commerce software applications for businesses of all sizes. Many
FORTUNE 100 companies rely on NetSuite to accelerate innovation and
business transformation. NetSuite continues its success in
delivering the best cloud business management software to
businesses around the world, enabling them to lower IT costs
significantly while increasing productivity, as the global adoption
of the cloud accelerates.
Follow NetSuite's Cloud blog, NetSuite's Facebook page and
@NetSuite Twitter handle for real-time updates.
For more information about NetSuite, please visit
www.netsuite.com.
NOTE: NetSuite and the NetSuite logo are service marks of
NetSuite Inc. Third-party trademarks mentioned are the property of
their respective owners.
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SOURCE NetSuite Inc.