Oracle NetSuite for Retail Companies
NetSuite is a cloud-based business management software solution designed to help retail businesses streamline their operations and improve their overall efficiency. It provides a wide range of features and functionalities, including point-of-sale (POS) systems, inventory management, order management, customer relationship management (CRM), and financial management. With NetSuite, retail businesses can gain real-time visibility into their operations, allowing them to make better-informed decisions and respond quickly to changes in market demand. Additionally, NetSuite offers a highly customizable platform, enabling businesses to tailor the software to their specific needs and requirements. Overall, NetSuite is a powerful solution for retail businesses looking to improve their operational efficiency and drive growth.
Why Choose NetSuite for Retail
Built for Retail
Provide a seamless customer experience on all channels using a unified platform
Real-time Inventory & Order Management
Establish an experience that enables buying, returning, and fulfilling from any location.
Unified Omnichannel Commerce
Ensure uniformity in the shopping experience and cultivate enduring customer loyalty across various channels, such as web, mobile, in-store, and call-center.
NetSuite Retail
Product Features
Comprehend the financial data of all your store locations, e-commerce, and marketplaces using a reliable financial management system that aids in profit analysis and business expansion.
Enhance Understanding
Obtain immediate insight into your retail business's financial and operational performance.
Streamline Operations
Automate transaction flow and minimize manual data entry to eliminate inaccuracies and expedite value realization.
Ensure Risk and Compliance
Maintain adherence to relevant accounting standards while also establishing controls and enabling audit trails.
Facilitate the ability of your sales staff to interact with customers from any location within the store using a mobile point-of-sale (POS) device that accelerates the transaction process and offers customized customer service.
Empower Sales Staff
Access customer insights such as their preferences, interactions, and transaction history to provide more tailored recommendations.
Enable Cross-Channel Fulfillment
Provide shoppers with a variety of cross-channel order and fulfillment options, such as buy online pickup in-store or buy online return in-store, allowing them to choose where to order, receive, and return products.
Seize the Sale
Increase profitability by providing a greater range of product choices and enhancing convenience with an "endless aisle" of products.
Maximize inventory utilization, reduce handling costs, improve cash flow, and deliver products to customers on their preferred schedule and location.
Centrally Manage Inventory across Multiple Locations/Selling Channels.
Efficiently manage inventory across various locations and selling channels.
Optimize Inventory Levels and Minimize Stockouts.
Determine the optimal inventory levels and reduce stockouts by incorporating historical demand, sales forecasts, and seasonality.
Increase Profitability by Improving Inventory Efficiency.
Improve company-wide inventory visibility to enhance profitability.
Reduce Shipping Costs from Unplanned Replenishment.
Reduce shipping expenses by minimizing unplanned inventory replenishment.
Decrease Cost of Goods Sold (COGS) by Streamlining Warehouse Operations.
Reduce COGS by minimizing the number of times an item is physically relocated within the warehouse.
Minimize Discounting and Write-Offs for Slow-Moving and Obsolete Inventory.
Decrease losses from slow-moving and obsolete inventory by minimizing discounting and write-offs.
Guarantee consistent and efficient order management throughout the order lifecycle across all channels and fulfillment options, allowing companies to meet customer demands and improve profitability.
Increase Revenue and Customer Lifetime Value with Cross-Channel Inventory and Order Management.
Boost revenue and customer lifetime value through flexible order fulfillment options and cross-channel inventory and order management.
Ensure Timely Delivery.
Ensure prompt delivery by setting shipping rules that prioritize the nearest location.
Provide Seamless Cross-Channel Experiences with Comprehensive Customer Data.
Facilitate seamless cross-channel interactions with a 360° view of the customer.
Prevent Lost Sales by Providing Enterprise-Wide Inventory Visibility and Delivery from Anywhere.
Empower employees with company-wide inventory visibility and fulfill orders from wherever inventory is located, preventing lost sales.
With ecommerce natively integrated with your back-office systems, a unified source of customer, order, and inventory data powers your website, delivering a more personalized and engaging online experience.
Device-Agnostic Design
Create content once and let responsive design automatically adjust site screen sizes and capabilities for different devices.
Enhance Conversions
Improve sales by offering flexible promotions and relevant product recommendations based on merchant-driven rules such as browsing behavior or best-selling items.
Enhance Customer Satisfaction
Allow shoppers to easily manage their accounts, track order status, request returns, and submit inquiries without the need to contact customer support.