NetSuite for

Transportation, Logistics & Freight Forwarding

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overview

The Transportation, Logistics & Freight Forwarding companies have seen a huge surge in demand as people restrict their outdoor shopping due to the current scenario. Online shopping has become the new norm as people become more comfortable with swiping the card online rather than in-store. This is particularly true for both B2B and B2C catering logistics companies. In the past, logistics and freight forwarding companies increased their market share by providing fast and reliable shipping at a low cost. However, today with the technological advances the logistics companies can differentiate themselves by providing real-time information into ETA of shipments, shipping returns, creation of self-service portals and more. Recognizing the needs of the modern customer is the fundamental basis of transcending your Freight Forwarding, Logistics and 3PL business in the right direction. With your NetSuite implementation, ERP Buddies can assure you that your business will be future-ready starting from day 1 with an all-around transportation management software that utilizes superior cloud technology. Read on and understand how ERP Buddies & NetSuite can be your all-in-one solution.

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    Be Financially Efficient with ERP for Your Non-Profit

    Netsuite Product Capabilities and Features for

    Transportation, Logistics & Freight Forwarding Companies

    Financial Management & Accounting
    NetSuite is the world’s #1 cloud solution for financial management that significantly reduces the time to close.
    1. Use NetSuite’s secure environment to conduct transactions, online payments for more customer satisfaction.
    2. Track fixed assets in real-time and quickly report the book value and depreciation of the assets.
    3. Achieve faster financial close while maintaining compliance with necessary accounting standards/processes and report on key financial metrics to make data-driven decisions.
    4. Get complete audit trail visibility as NetSuite can store historical transactions and records in form of interactive reports
    5. Monitor business processes and workflows in real-time.
    Integrated Budgeting and Forecasting
    1. Project product demand based on historical transactions and evaluate actual vs projected demand when the time comes or when needed.
    2. Create 12 months projected forecasts to keep stock levels in check.
    3. Create custom data entry sheets and reusable formulas for convenient allocation methods.
    4. Provide employees with self-service portals for easy reporting and a centralized work environment across the company.
    5. Create centralized budgeting, forecasting and related information in one single data system which is NetSuite.
    Customer Relationship Management
    1. Create and generate a single view of customers across every channel like Ecommerce, Retail, In-store and call-center transactions/interactions. Record customer messages in trails for easy resolution and customer satisfaction.
    2. Segment customers based on their behaviour and buying patterns. This data can be shared with the Sales & Marketing team to identify cross-sell/up-sell opportunities.
    3. Create custom cross-selling and up-selling customer segments with personalized offers that are available only to specific customers that are chosen.
    4. Gauge actual lifetime value of customers
    5. NetSuite CRM can help you better manage service costs by providing a consistent customer service experience throughout the company for improved customer retention.
    Revenue Management
    1. Automate your revenue recognition with NetSuite’s strong financial management suite. NetSuite will always stay compliant in accordance with the Accounting Standards.
    2. Generate invoices automatically and dispatch them at the needed time.
    3. Set up custom notifications/reminders to recognize contract renewal period, upsell and cross-sell opportunities.
    4. Create custom sales and service packages based on the type of service, rate and duration.
    5. Get real-time information into your revenue-related ending balances & recognized revenue.
    Inventory management technologies
    1. Get global, real-time visibility into your stock levels across multiple warehouses across the globe.
    2. Setup custom notifications that will trigger whenever minimum inventory is detected. This allows for timely product replenishment to avoid out-of-stock scenarios
    3. Get full control across your entire supply chain management and create custom processes to meet your company goals.
    4. Get complete Vendor, CM & 3PL Location management
    5. NetSuite comes with a total Distribution Requirement Planning (DRP) functionality that can easily cater to your multi-location inventory planning.
    6. Collaborate with your external supply chain partners without any problems.
    Warehouse management and distribution
    1. Get total insight into your inventory and storage facility.
    2. With NetSuite staff can manage inbound and outbound shipments.
    3. Staff can also manage the storage facility, optimize warehouse operations, document key findings and can even use NetSuite’s intuitive reporting feature to report on inventory performance.
    4. NetSuite WMS support barcode scanning, Serial Number Tracking, Automatic Label Printing Wireless RF/Mobile Handhelds, • Lot/Batch Numbering with FEFO/FIFO and more.
    5. Users can also setup custom Putaway and Pick Strategies
    6. NetSuite can also integrate with your choice of Warehouse Management System. Or you can integrate NetSuite WMS with your choice of Enterprise Resource Planning (ERP) system.
    NetSuite Procurement and Spend Management
    1. Set up custom approval processes to procure goods and services on the NetSuite platform
    2. Optimize procurement process by setting up negotiated terms, tiered pricing and delivery and shipment schedules.
    3. Stay compliant with purchasing threshold and guidelines to meet the required standards
    4. NetSuite can automate your entire procurement process, right from o product acquisition to payment.
    5. NetSuite supports a variety of payment methods from credit cards to debit cards and also includes other forms of payments which can be enabled if needed.
    6. Set up budgets and ensure optimal control of your total expenditure and spend.
    7. NetSuite can also showcase financial data and spending trends across the dashboard in real-time.
    Business intelligence, reporting and real-time visibility
    1. NetSuite stays fully compliant with every regulation and standard.
    2. Create custom reports that showcase operational data, financial reports and other important KPIs in real-time as needed.
    3. Create custom roles to manage custom operations and company functions.
    4. Use NetSuite reporting to keep your stakeholders/higher-ups updated about every activity.
    5. Manage labor costs and ensure the project is completed in the given time frame.
    Global business management with OneWorld
    1. NetSuite OneWorld is NetSuite’s specialized module that handles entire multi-country, multi-subsidiary and multi-site eCommerce operations completely via NetSuite itself.
    2. Manage customer relations across the globe with multi-language and currency functionality.
    3. Companies can manage global inventory and stock levels from one centralized location itself.

    Checkout these crucial features of a

    Transportation, Logistics & Freight Forwarding ERP Solution

    financial management

    Optimal freight management

    Group 3982

    Order management and processing

    Group 3984

    Transportation management system for planning and execution

    Group 3987

    Freight costing and settlement

    Group 3986

    Freight forwarding optimization

    Explore ERP Buddies’ NetSuite Implementation for Transportation, Logistics & Freight Forwarding

    NetSuite is a single solution that can integrate and provide 360-degree view of every operation within a Transportation, Logistics & Freight Forwarding organization.
    Learn how ERP Buddies helps this industry to transcend ahead in the modern era.

    Why choose erp buddies for your Transportation, Logistics & Freight Forwarding erp implementation?

    why-erp-buddies

    ERP Buddies is a North American NetSuite Cloud ERP Solution Provider (Software Vendor) with diverse experience in implementing ERP systems for multiple companies across wide industry verticals with a true cloud solution.

    With offices in the U.S, Canada (North America), Philippines, India (Asia) and UK, Spain (Europe), our experts are accessible globally and make it their priority to create a smooth and positive experience for clients. Our experts assist clients throughout the entire implementation process, with on-site support and consultation, along with additional assistance in customizing your system functionality to guarantee it meets your business needs.