Two Business Growth models , one Application ... courtesy of Netsuite
In Today’s complex business environment, growing a business can be daunting, for business executives this represents the day-to-day riddle, 3 are the success factors to grow a company:
1) sound planning
2) consistently astute decisions
3) Efficacious execution.
The approaches to growing businesses are diverse and tend to apply to the dimension of the company , normally small companies grow organically whereas big companies have an inherent predilection for growth through acquisition , again this is a trend and not necessarily applicable to all cases. The only key to success is to define an appropriate and structured strategy and then creating a strong defensible business case based on the underlying strategy. Whatever is your strategy, #Netsuite is there , right at your side to support your decisions, in fact:
Organic Growth
Also known as growth from within, it presents some complications, growth requires time and lots of nurturing, normally companies can only bite what they can chew due to lack of resources and/or Capital, each further step can only be taken when the previous one is completed. Netsuite can support this strategy with its immense array of solutions:
- Service Companies – With the SRP module they can manage resources and time in an effective way.
- Wholesalers – With the Advanced Inventory Management, B2B portal, Demand Planning modules they can easily stay on top of their day to day operations.
- Manufacturing Companies – With the Advanced Manufacturing module they can calculate the cost of their production and timely plan their work centers capacity.
Platform Companies - Suite commerce or the Various connectors to e-commerce platforms or Marketplaces , Support the needs of both B2C and B2B ecommerce. Unlimited flexibility enables B2C sites to deliver the engaging and personalized experiences consumers expect, while B2B sites can offer a rich B2C-like customer experience with added functionality to support the unique requirements of business users.
Growth through Acquisitions
With inorganic growth, companies revert to Acquisitions , in fact by engaging in mergers, acquisitions, and joint ventures, market share , assets, new skills, new people are added ipso facto to your group, what is not added is the new culture of the target company , that it is not so easily inheritable. The company culture permeates the processes and thus it is possible that it does not need to be changed and aligned with the group structure. Netsuite is there for you also in these cases, in that with its one-world modules allows you to maintain different business processes inside the same group. For example :
Manufacturing VS Buying – It is possible that one subsidiary prefers to buy one product whereas another subsidiary prefers to manufacture it, both scenarios coexist for the same use case.
Demand Planning – One subsidiary prefers to plan on firm data (Confirmed Sales Orders) another subsidiary for its own locations finds the Forecasting method more appropriate, both scenarios coexist for the same use case.
Furthermore , Netsuite automates your intercompany transactions, you can fulfill your sales order ‘by proximity’ at intercompany level, you can consolidate and eliminate intercompany transactions at a touch of button plus many other features specifically tailored for this Strategy.
No matter what Growth Strategy Model you chose , Netsuite caters for both of them so that you can concentrate on the most important part of the Strategy , its execution!
Netsuite is the only End to End cloud solution which allows you to automate your entire organization in one single Application. Teamfield Group is a Global Partner , we can help you to design and run your entire processes in the Pipeline Business Model or in the Platform business model , you chose we deliver!. We know what Netsuite can do for you , we can cover each area of your business and we can help you streamline your processes in the cloud.