Health & Beauty care companies continuously provide us with the latest cosmetic products. The desire of customers to remain healthy and attractive pushes the companies to improve their brand identity in the market. Due to the rise in the competition, many companies are coming up with new and multiple brands, because of this the customers are overwhelmed with many options. To secure the loyalty of the customers, companies need to understand their expectations, buying patterns, brand identity, and efficient service. They also need to emphasize the manufacturing of quality products, wholesale & distribution, efficient supply chain, and making the availability of the products to retailers or in their own outlets.
The ERP systems can help these cosmetic companies by providing a seamless platform for manufacturing, delivery to the customers along with constant customer support. For managing this cycle, the ERP integrates all the key business processes of a health & beauty company, providing them refined assistance in the form of reports, KPIs & dashboards. We can learn about ERP in this article. The key segments such as the management of inventory, multi-store operations, point of sales, etc. can be easily monitored with the help of an ERP application.
The Need for Having an ERP in Our Company :
Since, it requires precise monitoring over the production of quality products, the satisfaction of the customer builds the reputation and the identity of the company in the market. The tracking of the available inventory and planning of the manufacturing depending upon the forecasts requires a common solution to make this process happen smoothly. Below are some of the reports that a company needs to constantly focus on while building the right strategies :
- Inventory Profitability
- Inventory Backorder Report
- Inventory Turnover
- Item Availability
- Item Sales History
- Gross Profit by Item
- Sales by Item
- Item Demand Plan by Item
- Item Demand Forecast vs. Actual
The availability of the products in different outlets and retailers, lot & serial tracking, managing the online & offline experience of the clients through e-commerce & POS integration requires an ERP as a mediator.
Benefits of Having an ERP in the Core :
- Deep Market Focus: ERP helps the decision-makers by providing the key reports of high demand and least demand products along with the buying patterns of consumers so that the management can penetrate the market opportunities very easily.
- Automation of the processes to move the business forward: The manual repetitive processes get eliminated from the end-to-end operation so that companies can utilize the saved resources for the growth of their business.
- Easier management of the global entities: Some ERP systems such as Oracle NetSuite Cloud ERP allows the companies to manage their global entities through the OneWorld, so the multi-tax, multi-currency, multi-compliances can get easily monitored.
- Real-time inventory & order management: Companies become potent enough to gets the insights of their current inventory and management of the orders using the right ERP platform.
- Optimization of the unnecessary expenses: Since the entire business processes can be automated using ERP software, the loopholes related to the drainage of resource & time can be easily optimized leading to the saving of the valuable money.
The Oracle NetSuite Cloud ERP allows cosmetic companies to grow their businesses multifold with its immense capabilities of scalability, flexibility, and strong security. Since it is a true cloud platform, health & beauty companies can easily manage their business operations from any remote location. The point of sale options such as BillMade for Oracle NetSuite helps the companies in operating their outlets from multiple locations. Many of the cosmetic companies who have trusted in the NetSuite ERP, have seen a significant transformation in the efficiency of their production (almost 50-80%), reduced inventory expenses (60-80%), automation in the utilization of the resources (10-25%) and improved order processing efficiency(45-75%). The award-winning ERP platform has helped thousands of organizations in winning the loyalty of their valuable customers by automating their online & offline presence.
To understand more about how the Oracle NetSuite Cloud ERP can help the health & beauty companies in increasing their profitability, feel free to reach us at :
Website: https://saturotech.com/
Email ID: sales@saturotech.com
Phone Number: 020-711-796-33 (& press 2)
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