“Stock Keeping Unit (SKU) Explained” “22838”Blog Credit: Abby Jenkins, December 15, 2020 (Stock Keeping Unit (SKU) Explained | NetSuite) A SKU, or stock keeping unit, is a sequence of numbers and characters used as an internal tracking tool by businesses to track inventory. Here, we’ll discuss more details about what a SKU is, why a…
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“Metrics That Matter: How to Identify, Track and Use Data Points Now” “22834”Blog Credit: Megan O’Brien, March 14, 2022 (Metrics That Matter: How to Identify, Track and Use Data Points Now | NetSuite) In short: The environment in which companies benchmark performance has changed dramatically over the past two years. It’s time to reassess the…
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“Why Do Annual Performance Reviews Squash Morale? Plus, 10 Ways to Do Better” “22851”Blog Credit: Jonathan Feldman, March 10, 2022 (Why Do Annual Performance Reviews Squash Morale? Plus, 10 Ways to Do Better | NetSuite) In short: You’re waiting a year to give significant documented feedback? Puh-leeze! There is no perfect solution. This is improv…
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“5 Best Practices to Master Rolling Forecasts” “22795”Blog Credit: Megan O’Brien, March 7, 2022 (5 Best Practices to Master Rolling Forecasts | NetSuite) In short: Economic volatility has put the shortcomings of traditional budgeting methodologies on full display. The smart money is moving toward rolling forecasts as a better way to predict business performance —…
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“What is Accounts Payable (AP)?” “22696” Blog Credit: Scott Beaver, August 19, 2020 (What is Accounts Payable (AP)? | NetSuite) A company’s accounts payable represents its short-term liabilities—invoices owed to suppliers, for example. AP departments are responsible for processing expense reports and invoices and for ensuring payments are made. AP is a key line item…
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“What is Two-Tier ERP and How Does It Work?” “22689” Blog Credit: Ian McCue, September 9, 2020 (What is Two-Tier ERP and How Does It Work? | NetSuite) As a company expands, whether organically or through mergers and acquisitions, the benefits of a unified view into financial systems don’t diminish. If anything, it becomes more…
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“What is Order Fulfillment? 7 Step Process & Key Strategies” “22685” Blog Credit: Lisa Schwarz, August 20, 2020 (What is Order Fulfillment? 7 Step Process & Key Strategies | NetSuite) While order fulfillment is, by definition, the method by which a company processes a sales order to the customer’s specifications, that understates its importance. Customers…
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“8 Expert-Backed Strategies to Deal With Inflation at Your Business” “22682” Blog Credit: Megan O’Brien, March 3, 2022 (8 Expert-Backed Strategies to Deal With Inflation at Your Business | NetSuite) In short: With global unrest and consumer prices hitting new highs, what previously seemed like transitory inflation is shaping up as a longer-term issue. Those…
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“Tax Return Season Is Also Open Season on Finance Teams” “22679” Blog Credit: Ira Winkler, March 2, 2022 (Tax Return Season Is Also Open Season on Finance Teams | NetSuite) In short: Your employees and contractors are busy gathering documents, preparing to get their returns ready. How many emails or calls does your team typically…
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“Guide to Inbound and Outbound Logistics: Processes, Differences and How to Optimize” “22675” Blog Credit: Abby Jenkins, December 14, 2020 (Guide to Inbound and Outbound Logistics: Processes, Differences and How to Optimize | NetSuite) Strong inbound and outbound logistics are crucial to the success of a business. These processes affect production, profits and customer service.…
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