Are you in a quandary on how to make your sales and inventory system more efficient?
Two of the most dynamic aspects of business are sales and inventory. And just as the information constantly moves, so should you be on top of the situation at all times. Accuracy is the name of the game here, because any discrepancy will translate to customer dissatisfaction and eventually financial loss.
Then, too, having just any sales inventory management system is no guarantee. There are on-premise systems that are exposed to physical risk and require the business to have periodic upgrades both in terms of hardware and software. Because of these requirements, any advantages provided by the system could just as easily be played down. In today’s increasingly connected world, the Internet is the main highway for success. Those who are not able to get onboard right away are left behind. The Internet also provides vast opportunities for businesses to grow and operate seamlessly without the usual constraints and hassles. A cloud-based inventory management system for instance, promises to bring all of the benefits and none of the downsides to your business. NetSuite products, brought to the Philippines by its major5 Star Partner CloudTech, illustrate perfectly the marriage between online technology and a good old reliable inventory system.
But how exactly does NetSuite achieve all these? By providing a one-of-a-kind procurement-to-pay, one stop process. This helps make sense of sales and inventory information, transforming them into valuable indicators that in turn could help predict customers’ next likely behavior, preparing the company to keep up with it. This enables the company to perfect sales and marketing approaches and also set a strategic direction. When you can take hold of the information you have right now and somehow turn it into insight into what you can and should expect in the future, then you have real power.
What’s more, the cloud-based operations promise to extend the benefits infinitely so that you enjoy the freedom to move around and engage your other units from various locations — even various countries — to share and act on the same set of information. Again, this is power.
Any sales transaction from any of the company’s business units in whatever location will be fed, real time, to the central database. This sales transaction will no doubt have implications in terms of requirements from inventory and finance. The fact that you are talking about different units in different locations is not an issue; there will be no delays in the transmission of the information at all. The company can act on the sales transaction at once, avoiding delays in processing and delivery that could very well make customers dissatisfied and ponder dealing with other companies altogether.
Changes in inventory levels will also set in motion a series of actions, and a cloud-based system will instantaneously tip off other units what they need to do to address this change and make good move at an optimal phase. Again, with this kind of system, it would not matter if the company is operating out of a single building or across different cities or countries.
The result is accurate, actionable information that enhances your company’s competitive edge.You may also download our NetSuite Sales and Inventory Module PDF here
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