Have you ever heard the story of David and Goliath? If not, the gist of the story goes something like this..
In ancient Israel, King Saul and the Israelites were being challenged by the Philistines to pit a champion of their own against the Philistine champion, a warrior and giant named Goliath. A young boy named David accepts the challenge and despite the King’s fears, takes on the heavily armoured giant, armed with just a staff and a sling. To the amazement of everyone, David wins the battle by slinging a rock at the giant’s head and defeating him.
TradeGecko’s inventory and order management software will help you automate your workflows so you can focus on growing your business.
You might be wondering, what does this ancient tale have to do with inventory management? Well, the battle of David and Goliath teaches a few important things about choosing an inventory system, the first and most obvious is;
Everyone including King Saul expected Goliath to win the battle because he was so much bigger than David. The lesson to be learnt here is that just because something is bigger, doesn’t mean it is better, even for your business.
Netsuite offers good combinations of tools with its four main packages; NetSuite ERP, NetSuite CRM, NetSuite HCM, and NetSuite PSA. However these four packages might not be the best fit for every type of business. For small to medium sized businesses these “all inclusive” packages might be too much and much too costly.
For example, if you need inventory and accounting capabilities but not HR or project management tools, a large ERP system is a waste of resources.
You could wait for Netsuite to acquire and develop features or packages to suit your business needs but because Netsuite no longer targets small or medium sized businesses, the needs of your company could be overlooked.
A smaller but more targeted solution like TradeGecko is not only cost effective but also more sensitive to the needs of its customers. Also, many smaller SaaS solutions come with multiple integrations to other cloud-based software and you might find that using two or three separate platforms that are integrated is more efficient and less costly than using a giant like Netsuite.
When reading the story you might have wondered, why did Goliath not see the stone coming and why did he not move to evade it? Recent theories suggest that Goliath had a rare disease called Acromegaly found in many human “giants”, a condition also known as tunnel vision. He was literally blind to the stone flying toward his head. Add that to the fact that he was bogged down by so much armour, he couldn't move with any degree of agility, unlike David.
So what does this tell us?
A large powerful system might lack customized reporting tools, blindsiding you potential crises. For example, if you are managing multiple functionalities on a system like Netsuite, during busy sales periods, you or your team might miss a report that tells you to replenish your stock. You could run into out-of-stock situations, delay fulfillments and ultimately create unhappy customers. Using specific tools gives you depth of vision to spot the “stones” coming at your business.
Targeted solutions also tend to be more agile in terms of reporting. Enterprise ERP systems may not be able to cater to the reporting needs of a smaller business that need granular visibility on a much more regular basis than a large commerce company. TradeGecko’s reporting is built for businesses of any size and is highly customizable. For businesses looking to operate with agility and clear analytical insight, TradeGecko is the answer.
Goliath was armed with a javelin, David with a sling. You might be thinking, surely a javelin is much more impactful than a sling! On the contrary, Goliath’s javelin was not very effective over short distances and David’s sling was not the child’s toy you might be picturing, but a deadly weapon used to kill wild animals attacking cattle.
Does your business need a javelin or a sling? If you are thinking of growing and scaling your business you need the right tools for the job.
While Netsuite provides you with robust solutions for your current business needs, they may not give you the right tools to get you to where you want to be in 1-2 years. Even if they do offer features for growth, they are likely to come at an expensive premium.
Solutions like TradeGecko are not only able to grow with you but actually provide you with the tools to grow! The B2B eCommerce platform will have you selling to wholesalers and distributors in minutes, at no extra cost! Just like David’s sling, TradeGecko is no child’s toy!
Goliath had won many battles and was a powerful warrior in his own right, there is no denying that. But he was slower, less agile, had poor vision and the wrong tools to win. David won this battle, because he was perfectly suited and equipped for it.
The question is, do you need an all encompassing complex solution or a focused, targeted platform that will take your business to the next level?
Use TradeGecko to streamline your inventory management processes and grow your business