“8 Strategies for Manufacturers to Tackle the Talent Shortage Now — and in the Future” “22672” Blog Credit: Ian McCue, February 24, 2022 (8 Strategies for Manufacturers to Tackle the Talent Shortage Now — and in the Future | NetSuite) In short: The labor shortage that’s hit many industries is especially acute in manufacturing, where…
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“Developing Talent: When and How to Upskill Your Workers” “22669” Blog Credit: Kris Blackmon, February 17, 2022 (Developing Talent: When and How to Upskill Your Workers | NetSuite) In short: For many businesses, upskilling is a popular, cost-effective way to manage the current talent crunch. First, assess your department’s skills gap. Then, work with HR…
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“18 Ways to Automate Your Business for Growth” “22666” Blog Credit: David Luther, October 21, 2020 (18 Ways to Automate Your Business for Growth | NetSuite) Every business leader knows there’s a difference between busy work and productive work. The first tends to be a repetitive time-sink that requires little thought or talent. The latter…
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“Demand Planning: What It Is and Why It’s Important” “22662” Blog Credit: Abby Jenkins, October 23, 2020 (Demand Planning: What It Is and Why It’s Important | NetSuite) Demand planning is a cross-functional process that helps businesses meet customer demand for products while minimizing excess inventory and avoiding supply chain disruptions. It can increase profitability…
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“Average Inventory Defined: Formula, Use, & Challenges” “22659” Blog Credit: Abby Jenkins, January 13, 2021 (Average Inventory Defined: Formula, Use, & Challenges | NetSuite) Inventory management is key to managing costs and maintaining customer satisfaction. Too much inventory on hand means capital is tied up unnecessarily and may even be at risk. For example, some…
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“20 Top Ecommerce Trends for 2022 and Beyond” “22656” Blog Credit: Austin Caldwell, September 13, 2021 (20 Top Ecommerce Trends for 2022 and Beyond | NetSuite) The numbers are clear: We’ve passed an inflection point, and ecommerce is now mainstream for people of all ages. From books to clothing to groceries, we can get almost…
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“Buying an ERP System: Features, Benefits and Reasons You Should” “22653” Blog Credit: Lisa Schwarz, October 2, 2020 (Buying an ERP System: Features, Benefits and Reasons You Should | NetSuite) For a business to take advantage of market opportunities, its information must be consistent, accurate, updated in real time and actionable. As businesses grow and…
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What is ERP (Enterprise Resource Planning)? Blog Credit: Ian McCue, April 7, 2022 (What is ERP (Enterprise Resource Planning)? | NetSuite) Introduction to ERP Function: ERP automates business processes and provides database which is collects from the various departments which consist of insights and inputs.Departments Covered: It collects inputs from accounting, manufacturing, supply chain management,…
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“What Is Ad Hoc Reporting & Analysis? Definition, Benefits & Goals” “22642” Blog Credit: Andy Morris, June 10, 2021 (What Is Ad Hoc Reporting & Analysis? Definition, Benefits & Goals | NetSuite) As the volume of data grows, so does its role in business decision-making. But for organizations to truly harness data’s value at any…
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“Inflation Indicators: 4 Metrics to Guide Business Planning” “22632” Blog Credit: Megan O’Brien , February 14, 2022 (Inflation Indicators: 4 Metrics to Guide Business Planning | NetSuite) In short: US inflation rose to 7% between December 2020 and December 2021, the highest uptick since 1982 – and isn’t looking to recede anytime soon. As inflation…
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