“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…
“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…
“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…
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,…
“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…
“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…
“Online Marketplaces Are Reshaping B2B Procurement, and a Lot More” “22629” 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…
“A Guide to Reverse Logistics: How It Works, Types and Strategies” “22554” 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…
“What Is a Pay Period? Types, Considerations, and How to Choose” “22550” 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…
“What Is the 80/20 Inventory Rule?” “22547” 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?…