NSI Increases Inventory Turnover with Cloud ERP

NSI Increases Inventory Turnover 20% and Reduces Logistics Costs 5% With NetSuite OneWorld

Shenzhen New Terrace Technology Development Co., Ltd. (NSI) sells a range of products including automotive parts and electrical equipment via Amazon, eBay and other ecommerce marketplaces. With headquarters in Shenzhen, China and an office in Silicon Valley, NSI’s 150 employees help Chinese manufacturers take their products to overseas markets, primarily the U.S. NSI is striving to become one of the leading cross-border ecommerce companies in the world.

COMPANY

Shenzhen New Terrace Technology Development Co., Ltd.

LOCATION

Shenzhen, Guangzhou, China

INDUSTRY

Retail

EMPLOYEES

100-150

NUMBER OF SUBSIDIARIES

NUMBER OF COUNTRIES

SYSTEM REPLACED

Kingdee

NETSUITE PRODUCT IMPLEMENTED

NetSuite OneWorld

IMPLEMENTATION PARTNER

Waymap Cloud Computing

LOCATION

Shenzhen, Guangzhou, China

“Using NetSuite is like excavating a treasure trove. The more we dig, the more value we discover.” Tony Zhao, CEO, NSI

Fulfilling Global Demand

Ecommerce takes off: Founded in 2006, NSI has grown quickly alongside the rise of ecommerce globally. It has differentiated itself from other China-based competitors by fulfilling and shipping orders faster, thanks to its three U.S. warehouses supported by its main warehouse in Shenzhen.

Expansion problems: NSI’s homegrown ERP system failed to work smoothly with global ecommerce marketplaces. The team had to access multiple systems to manually process orders, which slowed fulfillment and shipping. Furthermore, the system didn’t automate currency transactions between entities in the U.S. and China, so the accounting team had to consolidate manually.

Easy integration: NSI traded its homegrown ERP for NetSuite OneWorld, achieving a seamless connection to Amazon and eBay and a constant flow of real-time inventory numbers like stock on hand and available quantity. NSI has increased inventory turnover by 20% and reduced logistics costs by 5% since deploying NetSuite.

New abilities, new markets: NSI reduced its month-end close from five days to two using NetSuite OneWorld’s automated multi-currency consolidation and real-time roll-up reporting across its accounts. With a single business system to handle its financial, warehouse, inventory and supply chain data, NSI is looking to scale further, moving into new markets including Europe and Latin America.

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