Blog Credit: Janet Schijns, February 10, 2022 (Online Marketplaces Are Reshaping B2B Procurement, and a Lot More | NetSuite) In short: The gig economy is changing the peer-to-peer game for services companies. How will you cope when customers are shopping on price, price and price? Your company is both a seller and a buyer.…
“A Guide to Reverse Logistics: How It Works, Types and Strategies” Blog Credit: Abby Jenkins , January 14, 2021 (A Guide to Reverse Logistics: How It Works, Types and Strategies | NetSuite) Learn everything you need to know about reverse logistics, including the types of logistics, the process involved, steps, benefits, challenges and how to use reverse logistics…
“What Is a Pay Period? Types, Considerations, and How to Choose” Blog Credit: Marc Holliday , March 24, 2021 (What Is a Pay Period? Types, Considerations, and How to Choose | NetSuite) How you manage the structures used to pay your employees is an important decision in running your business. Structuring your pay period in a well-thought-out-way…
Blog Credit: Abby Jenkins , April 19, 2021 (What Is the 80/20 Inventory Rule? | NetSuite) What products deliver the most profitability? Are they the same as your top sellers, or are you moving a high volume of pricey-to-produce items while skimping on marketing for SKUs that yield healthier margins? The 80/20 inventory rule can provide insights…
“5 Ways Finance and Sales Should Work Together Toward a Healthier Company” Blog Credit: Megan O’Brien, February 7, 2022 (5 Ways Finance and Sales Should Work Together Toward a Healthier Company | NetSuite) In short: As the finance department becomes a central source for data, its interactions with other departments, particularly sales, can drive improvements. Increased…
Blog Credit: Kris Blackmon, February 3, 2022 (Services Firms and Price Hikes: 4 Steps to Increase Profits Without Losing Business | NetSuite) In short: Inflation is putting pressure on services companies to charge customers more. Communicating about price hikes has got to be about alleviating the sting for customers. Success tactics include introducing value tiers and…
“22536” Blog Credit: Joseph Clancey, January 27, 2022 (How NetSuite Scales as Your Business Grows | NetSuite) When an organization procures a cloud-based technology solution, like financial management software and similar business management applications, the solution provider generally stipulates specific service characteristics that identify usage parameters within the account, like monthly transaction volumes, number of users,…
Blog Credit: Matt Crespi, January 31, 2022 (Using Data Analytics to Make the Leap From a $10 Million to $50 Million Company | NetSuite) In short: Data is the global economy’s most valuable resource — and can offer a big boost to small businesses that anticipate strong growth. With slight adjustments to existing business processes,…
Blog Credit: Jonathan Feldman, January 27, 2022 (Firing Is a Management Failure. The Talent Crunch Should Drive a Rethinking) In short: Retrain and reposition is always a better option than replace. Now more than ever, work with what you’ve got, because hiring is difficult and expensive. Here’s how to think about terminations now. Achieve…
Blog Credit: Ian McCue , October 8, 2020 (15 Use Cases for Enterprise Resource Planning (ERP) | NetSuite) If you’re a business owner or finance leader, you likely already know the “what” of enterprise resource planning (ERP) software: It’s a unified database and set of applications that brings together financials, supply chain, human resources, customer service…