The apparel, fashion and footwear industry deals with an uneven landscape across their manufacturing, distribution, e-commerce and in-store channels. With an ERP system (Enterprise Resource Planning), apparel manufacturers can modernize their operations for better work productivity and efficiency.
As your company grows, you will soon start to find yourself implementing more solutions to keep up with the product demand and company scalability. At some point, your company will start to slow down as there is more software in place without any integrations. These types of solutions are termed “hairball solutions” which end up using extra company resources without any actual returns. Companies with such type of a solution architecture often deal with duplicate data entry, increased manual work, lack of system integrations that affect business functions in the long run.
In order to avoid such costly scenarios, we urge all growing businesses to opt for a solution like NetSuite, which keeps growing along with your company even 10 plus years from now.
An ERP business solution like NetSuite can easily handle all business operations from a single management solution which eliminates the need for running multiple management solutions. NetSuite ERP can easily handle many aspects of the apparel and fashion industry like demand planning, apparel/footwear design, merchandising, eCommerce, shipping, production, revenue recognition, billing, finances, accounting and more.
In a nutshell, NetSuite ERP can optimize the business performance/revenue with a reduction of manual errors and a better time to value.
Apparel and footwear brands are often under immense customer service and cost pressures to produce and procure the right products (garment, dye etc.) at the right time. By offering live-time visibility into your inventory status and sales metrics, NetSuite gives fashion producers and the textile industry, the most accurate and up-to-date information for proper manufacturing and purchasing plans. This, combined with NetSuite’s ability to manage complex supply chains—including co-packers and 3RD party logistics — makes NetSuite a comprehensive production and supply chain management tool for the modern Apparel, Fashion & Footwear businesses.
NetSuite also helps fashion brands and the textile industry by providing a real-time view and real-time data into the manufacturing business processes of the fashion industry like dyeing, labelling, printing, colouring, sewing and more. Custom quality control checks can also be set up to ensure the right product reaches the right customer.
NetSuite business intelligence tool has a full-fledged Accounting management solution that can handle Accounts Payables (AP), Accounts Receivables (AR), invoices, billing and more. With NetSuite, you can conveniently handle multiple customers with diverse orders at the same time as it can automate the billing process. NetSuite can also notify you about pending balances, receipts and invoices etc. to ensure your general ledger (GL) stays updated every time.
On the other hand, NetSuite can also handle taxation and compliance of different countries with NetSuite OneWorld.