Ecommerce is a huge part of being successful in the retail industry, so unlike other companies, you need to find the right balance between a stellar ecommerce and a seamless back office system.
A great way to reduce manual efforts is to use the standard Electronic Bank Payments function in NetSuite. Instead of manually entering in the ACH payments in your bank's interface, you can generate a standard NACHA file that can be uploaded to your bank. This is a free and easy bundle installation and setup.
Tags: Project Management
Retailers large and small around the world choose NetSuite as their Retail Management Solution because it has everything you need to run a successful retail business in the cloud.
But with so many different retail solutions on the market, what puts NetSuite above other comparable solutions?
On July 10, 2020, Concentrus Vice President Fara Panah was interviewed by PulseOne’s Director of Business Development for their Tech Talk web series.
Tags: NetSuite Partner, Company News
Retailers need to be agile so that they can adapt to rapidly changing markets and scale at the right time. COVID-19 has taken its toll on the retail industry, making it harder for the startups to survive.
Many retailers start their business with a combination of a basic accounting system, inventory management system, and multiple spreadsheets. But as they grow larger, the amount of time and effort it takes to handle a higher volume of orders becomes difficult to handle and prone to human errors.
Tags: Reporting, Inventory Management, eCommerce, Retail
As a retail startup, you are always pivoting to meet changes in the marketplace, and having siloed systems to run your business just is not cutting it anymore. You need a solution that is flexible and adaptable enough to whether any storm (or pandemic as it were) and scalable so that your growth is no longer a limiting factor. You also need something that is robust enough to grow with you so that you do not find yourself in the same situation 5-10 years down the road.
Tags: ERP, Inventory Management, eCommerce, Warehouse Management System (WMS), Retail
If your back end systems and your ecommerce solution are siloed, and you’ve determined that your current business management system is holding you back then it’s time to make a change. What better time than now, when bulk of your business still comes from your ecommerce platform?
In my experience, people generally hate to escalate. Many team members think escalation is snitching on a fellow team member or will reflect bad on their own performance. To a project manager, escalation is just another method of communication; it's how we can foresee and manage situations, and all projects have "situations" that impact scope, budget, or time.
Tags: Project Management
In 2019, online retail sales grew 56% - and that’s before the COVID-19 pandemic hit and everyone was ordered to stay at home. Despite lower overall spending in the United States due to COVID-19, many retailers who have invested in an ecommerce platform have seen their webstore sales increase by around 43% since the beginning of the pandemic.
