By pairing an enterprise resource planning platform with an integrated suite of industry-specific capabilities, fabric wholesalers can optimize their operations while also grabbing a larger share of the nearly $1 trillion global textile market.
As the middlemen responsible for putting raw materials into the hands of the world’s apparel and accessory designers, fabric wholesalers have to bridge the gap between overseas manufacturing centers, a global customer base and their U.S. headquarters. This requires careful orchestration that can’t be handled efficiently using disconnected technology systems, Excel spreadsheets and phone calls.
To remain profitable, these companies must manage their inventory effectively, maintain global trade compliance, overcome language barriers, watch for product counterfeiters and maintain high levels of operational and supply chain visibility. “Most of these companies are headquartered in the U.S., but have manufacturing and procurement operations in the Asia-Pacific (APAC) region,” said Vikram Bhandari, Founder and CEO at Yantra, an Oracle NetSuite Alliance Partner. “This presents some steep logistical and organizational challenges.”
Founded in 2009, Yantra has a 180-person team working in delivery centers and offices throughout the U.S., India and Canada. The company specializes in NetSuite’s ERP platform as well as Oracle, Salesforce.com, data science, advanced analytics, integration platforms, product engineering and managed services.
This business guide examines the key issues that all fabric wholesalers are facing today and shows how a unified Enterprise Resource Planning (ERP) solution combined with industry-specific capabilities helps companies overcome these obstacles, improve their bottom lines and provide higher levels of customer service.