Analyzing Your Data with NetSuite Wholesale Distribution Edition
October 18, 2022
In order to make sound business decisions, you need access to accurate, up-to-date data. That's where NetSuite Wholesale Distribution Edition comes in. With this software, you can easily track and analyze your data so that you can make informed decisions about your inventory, pricing, and more.
Here's a closer look at how NetSuite Wholesale Distribution Edition can help you make the most of your data.
Powerful Analytics Built for Wholesale Distributors
NetSuite Wholesale Distribution Edition offers powerful tools for analyzing your data. For example, the software can help you track trends over time so that you can spot emerging trends and adjust your business practices accordingly.
Track Inventory Pricing Trends
NetSuite Wholesale Distribution Edition can help you track inventory levels and prices so that you can be sure you're making the most of your resources. In addition, the software can help you set pricing thresholds so that you're alerted when prices reach a certain level. This information can be used to inform your purchasing decisions and ensure that you're always getting the best possible price for your products.
Analyze Sales Data to Make Informed Decisions
In order to make sound decisions about inventory levels, pricing, and more, you need to have a clear understanding of your sales data. NetSuite Wholesale Distribution Edition can help you track sales data so that you can see which products are selling well and which ones aren't moving as quickly. This information can be used to make decisions about inventory levels, product mix, and more.
NetSuite Wholesale Distribution Edition offers automated reporting, which means that you can schedule reports to be delivered to you at specific intervals. This can help you stay on top of your data and make sure you never miss an important trend or insight.
NetSuite allows you to create custom dashboards that display the data that's most important to you. This makes it easy to see the information and data you need at a glance, so you can make quick, informed decisions.
Multi-location Inventory Management
NetSuite Wholesale Distribution Edition can help you manage inventory data across multiple locations. This means you can track inventory levels, pricing, and sales data for each location, so you can see which stores are performing the best.
Customer Relationship Management (CRM) Data
All NetSuite editions, including the Wholesale Distribution Edition comes with a built-in CRM system that allows you to track customer interactions, keep track of leads, and manage sales deals. This can help you build stronger relationships with your customers and grow your business.
Keep on top of order data from start to finish. You can track purchase orders, sales orders, and shipping information in one place, which makes it easy to see where your orders are in the process.
NetSuite Wholesale Distribution Edition can be accessed from any mobile device with an internet connection and a supported browser (Chrome, Firefox, Safari and Explorer to name a few), which means you can keep track of your data even when you're on the go. This can be especially useful for sales reps who are out in the field.
Integration with Other Systems
NetSuite Wholesale Distribution Edition can be integrated with other systems you use, such as accounting software, e-commerce platforms, and shipping providers. This helps to streamline your business processes and ensure that all your data is accurate and up-to-date across all software solutions.
NetSuite Reporting and Analytics Options for Wholesale Distributors
NetSuite offers users three main ways to analyse data:
Saved Searches allows users to save complex searches for almost any information contained in NetSuite and run it at any time. This saves the user from having to manually create a query each time they need to track certain data points. Saved searches are an amazing tool, because they function more like a spreadsheet than a report. With inline editing turned on, users can update the individual cells in these reports, which will, in-turn, update the source record where they are coming from.
NetSuite's Report Builder enables users to design customised reports with filters, calculations, grouping, sorting and more. It can be used to create financial, operational and sales reports with the ability to generate graphs, charts and tables based on the data contained in the report.
SuiteAnalytics is a newer feature in NetSuite but is proving the be one of the most powerful reporting options available in the Suite. SuiteAnalytics is a Business Intelligence tool that can be used to create powerful reports and analyses from large data sets. It allows users to identify trends, produces forecasts and analyses customer buying behaviour. Data can also be pivoted to provide additional levels of scrutiny.
NetSuite Wholesale Distribution Edition is a powerful tool that can help you make sound decisions about your business. With its comprehensive reporting features and easy-to-use interface, it's easy to see why this software is a must-have for any wholesale distributor. Contact us today to learn more about how NetSuite Wholesale Distribution Edition can benefit your business.
Zabe is a hands-on company Founder and President with expertise across multiple verticals to include business development, operations, distribution, finance, logistics, manufacturing, and the eCommerce industry.
With over 20 years of experience in the industry, Zabe works to support growing businesses by helping integrate digital and software solutions to optimize their operations and save them money. Together, we help companies manage core business processes with a single, fully integrated system covering Enterprise Resource Planning (ERP), financials, Client Relationship Management (CRM), procurement, warehousing, eCommerce, inventory, third-party logistics (3PL), and much more.