Skip to main content
  • Why Choose GURUS
    • About Us
    • Clients
    • Events
    • Gurus Partner Program
    • Reference Program
    • GURUS for GOOD
  • Careers
    • Job Openings
    • Working at GURUS
    • GURUS Academy
  • Contact
Free Business Intelligence Demo   1.877.664.1023
  • Solutions
    • NetSuite
      • NetSuite OneWorld
      • NetSuite PSA & SRP
      • NetSuite OpenAir
      • NetSuite Sandbox
    • Data Toolkit
      • Business Intelligence for NetSuite
        • BI by Role
        • NetSuite Data Warehousing
        • BI Templates for NetSuite
      • GURUS NetSuite Data Exporter
        • Financial Planning & Analysis Edition
    • Custom Solutions
      • Container Management
      • Engineer-To-Order (ETO)
      • Dynamic Special Order
      • Marketplace Reconciliation
      • Bulk Transaction Emailer
    • NetSuite Modules
      • Financials and Management
        • Dunning Letters
        • Financials
        • Fixed Assets
        • Incentive Compensation
      • Manufacturing
        • WIP & Routing
        • Work Orders & Assemblies
      • Retail and Distribution
        • Demand Planning
        • Grid Order Management
        • Inventory Management
        • Procurement
        • WMS Lite
      • Services
        • Job Costing
        • Project Management
        • Resource Allocation
        • Revenue Management
      • Software
        • Contract Renewals
        • Software Management
    • Boomi
    • NetSuite Add Ons Solutions
    • NetSuite for Private Equity Firms

    FREE BUSINESS INTELLIGENCE DEMO

    Request your Free Business Intelligence Demo & Discovery Call Today. Have our resident BI expert guide you through the solution’s features.

    Learn More

  • Industries
    • Industry Solutions
      • Food and Beverage
        • NetSuite’s Top 5 for Food and Beverage
        • Top Software For Food and Beverage Industry
        • Food and Beverage Industry Trends
      • Life Sciences
        • Biotherapeutics
        • Clinical Trials
        • Genomics
        • Laboratories
        • Medical Devices
        • Medical Distribution & eCommerce
        • Medical Practices
        • Medical Software
      • Professional Services
      • Software & Internet Providers
      • eCommerce
      • Media & Publishing
      • Non-Profits
      • Engineering
      • Construction
      • Manufacturing
        • Cloud-Based ERP for Manufacturing
        • Complete Manufacturing Workflow with NetSuite
        • How to Increase Profits with NetSuite ERP
      • Cannabis & CBD
      • Wholesale Distribution
        • The Benefits of an ERP For Wholesalers
        • Top Wholesale Distribution Software
        • Wholesale Distributors vs. Direct-To-Consumer
      • Healthcare
        • 5 ERP Features For Healthcare Suppliers
        • Healthcare ERP for Clinics
        • NetSuite FAQ for the Healthcare Industry
      • Energy
      • Retail
        • Benefits of NetSuite for Retail
        • Improve Customer Experience with NetSuite
        • Scale Operations with NetSuite for Retail

    FIND THE NETSUITE BUNDLE FOR YOUR INDUSTRY

     

    Our team of specialists can customize your NetSuite with the right features to meet the needs of your business. Find the right solution for your industry.

    Learn More

  • Services
    • NetSuite Services
      • NetSuite Implementation & Configuration
      • NetSuite Project Rescue
      • NetSuite Training
      • NetSuite Data Migration
      • Business Process Review
      • NetSuite Integration
      • NetSuite Upgrade Readiness Review
      • Customization & Development
      • Assessment & Architecture
      • NetSuite Optimization
      • NetSuite Support
      • Staff a Project
      • NetSuite Admin Services
    • Integrations and Connectors
      • NetSuite Integrations
        • NetSuite to Salesforce Integration
        • NetSuite to Shopify Integration
        • NetSuite to HubSpot Integration
        • NetSuite to Procore Integration
        • NetSuite EDI Integration
        • NetSuite eCommerce Integration
      • Salesforce Integrations
        • Salesforce To HubSpot
        • Salesforce To NetSuite
        • Salesforce To Outlook
        • Salesforce To QuickBooks
        • Salesforce To Slack
        • Salesforce To Call Center Software

    FIND THE RIGHT CUSTOM SOLUTION TAILORED TO YOUR INDUSTRY

    Custom ERP solutions to connect your company’s needs with NetSuite functionalities using custom script. Learn more to find a solution that meets your company’s needs.

    Learn More

  • Pricing
    • NetSuite Pricing
    • Integrations Pricing

    NetSuite Implementation Pricing

    Find the answers to all your NetSuite ERP cost, licensing and implementation questions in our comprehensive Pricing Guide for buyers.

    Learn More

  • Resources
    • Browse resources
      • FAQ
        • NetSuite Data Exporter
        • GURUS Business Intelligence
        • NetSuite FAQs
      • Blog
      • Video
      • Press Releases
      • ERP Comparison Hub
    • Filter resources
      • All
      • Demos
      • Podcasts
      • White Papers
      • Data Sheets
      • Webinars
      • Glossary

    GURUS CLOUD CONNECT

    Webinars as short as your coffee break. Register now to hear industry experts answer your tech-questions in snack-sized episodes.

    Learn More

Breadcrumb

  • Home
  • Industry Solutions
  • Retail
  • Scale Operations with NetSuite for Retail

Scale Operations with NetSuite for Retail

 

While traditional retail slowly loses traction, more and more companies are looking elsewhere to stay competitive.

That being said, staying competitive doesn’t refer to innovative selling techniques and creative products. It really is all about finding the right technology that enables companies to handle the demand as business grows.

An organization may have the best products on the market, but without an enterprise resource planning (ERP) system to help manage operations - purchase orders, financials, inventory, supply chain - they will quickly fall through the gaps.

NetSuite for retail is designed to scale operations as an organization grows, especially at a time when more and more retailers are moving online.

Request More Info From an Expert

Quickbooks vs NetSuite: From Start to Scale

When most companies start out, they turn to the logical choice: a starter system that provides them with the basic backend necessities without breaking the bank.

For example, QuickBooks is a great starting point to get a business off the ground as it manages financial aspects like account payables and receivables.

However, as companies start to expand, basic functionalities are no longer plausible and executives go in search of ERP systems that can keep up with operational demand.

If business operations are becoming overly complicated, and spreadsheets have become the main source of data, it’s time to scale up. 

NetSuite ERP for retail is an ERP system that is completely adaptable to your unique business objectives. Not only will you have a 360-view of your operations, but automation functionalities ensure that departments can easily share information and data across multiple areas. 

And if a company ever decides to expand operations internationally, they can easily consolidate financial data through automated key processes and keep track of country-specific regulations through OneWorld.

Transform with Cloud-Based NetSuite

Over the years, eCommerce sales have increased two-fold. As technology modernizes, so does human behavior. Consumers are realizing that they don’t have to leave the house to get their shopping experience. 

In fact, most consumers might agree that the online shopping experience outweighs that of going into a brick-and-mortar store. 

On that note, if consumers are going digital, retailers must as well. A cloud-based ERP system can accommodate retailers looking to transform.

For businesses that are stuck on a starter system or for those that are experiencing growing pains, NetSuite’s cloud-based solutions have your back. Retail-specific customizations and configurations allow companies to add new marketplaces, geographies, business models, and brands. 

A single source of truth is all within NetSuite’s unified system, which offers insights into customers, inventory, sales, financials, and much more. It’s flexible and scalable, so companies won’t have to worry about switching to another platform in a few years. It grows as you grow. 

The best part? Every year, as NetSuite upgrades, so do configurations and customizations. No more organizing appointments with IT to get that legacy system up and running after updates.

Streamline Operations with NetSuite Integrations

There’s no avoiding it, retailers are taking the plunge and going digital. This digital transformation strategy is occurring throughout all industries in order to stay relevant.

Legacy systems are no longer cutting it, and to keep up with the ever-changing consumer demand retailers must have an online presence.

While ERP platforms, like NetSuite, are known for being accounting software, there is much more that meets the eye. 

NetSuite is not only developed for financial management and operational processes, but it also ensures that a company is in great shape when it comes to selling online.

Whether it’s an eCommerce store on Shopify, Amazon, Walmart, or any other third party application, an organization can easily monitor purchase orders, add outstanding fees, and settle transactions. 

Retail companies can maximize sales thanks to automated storefront to back-end processes between NetSuite and Shopify as well as access critical information on sales orders, product catalogs, fulfillment, payments, and returns. 

NetSuite eCommerce is perfect for retailers looking to increase their revenue through multiple channels, while specific integrations - Shopify to NetSuite - are the ideal solutions for retailers who have one specific webstore. 

Transaction Management

Depending on the product or service offered, many retailers have peak selling seasons. For example, swimsuits, outdoor furniture, and pool accessories are in much higher demand during the spring and summer seasons. 

If this is the case, without ERP software, companies will quickly lose out on revenue since high volume orders can strain business systems that aren’t equipped with proper functionalities to handle high demand online.

Not only that, but system delays will cause issues in the backend as well as the frontend, which typically appears as website errors to customers. 

NetSuite for retail companies is a solution that handles high volumes, providing guidance with reports and data to help businesses understand their transaction line before it hits the limit.

Inventory Forecasting

There is nothing more inconvenient than unsold inventory at the end of a season. Not only does it impact profitability but it can cause real headaches for storage. 

When implementing an ERP system, it also means having access to customizations and modules that specialize in forecast inventory. With the ever-changing environment of customer and supply demand, this is particularly invaluable to companies who haven’t been able to stay in control of their inventory.

With inventory forecasting, retailers will waste less money on inventory management and instead keep inventory at a reasonable level.

In other words, they can use historical data and reports to figure out what inventory sells versus what doesn’t and use that knowledge for future decisions. 

Inevitably saying goodbye to overstock issues.

The fast-paced retail industry is constantly changing, but that doesn’t mean you can't keep up. Implementing NetSuite ERP secures your foundations so that you don’t have to update systems every few years.
 

Once you have solid operational processes in place, focus can be placed on more important tasks, like inventory management, production lines, and customer service.
 

Contact our team today to learn more about NetSuite for retail and how you can scale your operations.
 

Request More Info From an Expert

Profile picture for user GURUS Solutions
Related tags
  • NetSuite for Retailers

News & Events

  • Press releases

    GURUS Solutions named to the Bob Scott Top 100 VARS for 2023

    Montreal, Quebec - June 28th 2022 On June 9th, 2022, GURUS Solutions was named to The Bob Scott Top 100 VARS for 2022. The
    Read more
    Published 30 January 2023
  • Press releases

    GURUS Solutions Unveils Partnership with Mavenlink

    GURUS Solutions is proud to announce its latest partnership with Mavenlink, the industry cloud for professional services
    Read more
    Published 10 March 2022
  • Press releases

    Dell sells Boomi to Francisco Partners and TPG Capital

    [Chesterbrook, PA, Round Rock, Texas, San Francisco - May 2, 2021] As of May 2nd, 2021, Dell Technologies has officially reached
    Read more
    Published 20 May 2021

Blog

  • Power BI vs. Tableau
    Neil Stolovitsky, 13.03.2023
     NetSuite customers are very fortunate to have powerful persona-based dashboards, reporting
  • What is Cost Savings?
    Victoria Sapsford, 13.03.2023
     Money makes the world go around, and to the chagrin of some, there is no escaping it. This
  • NetSuite Data Migration Strategy
    Victoria Sapsford, 28.02.2023
     At a time where Big Data reigns supreme and accurate data is crucial to companies looking
All posts

Contact

TOLL-FREE: 1.877.664.1023
info@gurussolutions.com

Head Office

9880 Clark Street, Suite 101
Montreal, QC
H3L 2R3 Canada

Tel: 514.664.1023

Join the Team

We are always on the 'lookout' for new talent. Are you The One we are looking for?

Careers

 

Regional offices

Boston, MA: 617.807.0903
Chicago, IL: 312.588.7295
Cleveland, OH: 216.202.0264
Dallas, TX: 214.377.1221
Manchester, NH: 603.657.9458
Miami, FL:786.453.9063
Oklahoma City, OK: 405.896.8422
Ottawa, ON: 613.454.6013
Rochester, NY: 585.666.0574
San Francisco, CA: 415.449.8611

 

SEE ALL LOCATIONS

100% MONEY BACK GUARANTEE

Follow us in social media

Copyright © 2023 Gurus Solutions

All rights reserved

  • Privacy policy