Any company with a product-centric supply chain likely has anywhere from 20% to 30% of its assets tied up in inventory holding costs (depending on the specific industry). Those holding costs include not only the value of the products themselves, but also the cost of warehousing, controlling and insuring those goods. Ineffective inventory control processes […]
Rebeca Bichachi | Product Marketing Specialist Surely, no IRS audit could be as horrific as the one portrayed in the 2023 Oscar-winning movie “Everything Everywhere All at Once.” Still, the possibility of being questioned by the Internal Revenue Service about a tax return is not something any business wants to experience — even with the […]
David Luther | Digital Content Strategist No customer wants to be told that the item they’re looking for is out of stock. But if a business doesn’t effectively manage its supply chain, it may have to deliver that news to an unhappy customer. This is especially true for manufacturing supply chains, which involve all the […]
Manual processes, such as inventory putaway and order picking, are not only time-consuming (i.e., costly), but they increase the likelihood of mistakes, leading to longer order fulfillment times and, in turn, dissatisfied customers who can easily shop elsewhere. The risk of employees getting hurt on the job from physically moving, lifting and transporting boxes of […]
NetSuite SuiteSuccess Starter Edition is a total solution designed to help small and rapidly growing companies manage all aspects of their business in a single system. The solution is designed from a set of leading practices that pave a clear path to success and are proven to deliver rapid business value and get you live […]
Rebeca Bichachi | August 30, 2023 Running a business without accounting software is like piloting an airplane without a navigation system: You don’t know exactly where you are, whether you’re truly headed in the right direction and when you need to course-correct to avoid upcoming light bumps or an outright emergency. From a financial standpoint, […]
Chad Bowe | August 28, 2023 Upgrading to a cloud-based Enterprise Resource Planning (ERP) software offers several benefits that can significantly impact the efficiency, scalability, and overall success of your business operations. Here are some key advantages: 1. Flexibility and Scalability: Cloud ERP solutions provide the flexibility to scale your operations up or down according […]
Abby Jenkins | Product Marketing Manager | August 14, 2023 Even for healthy, growing companies, it’s inevitable that not all of their inventory will get sold 100% of the time. Some percentage of inventory will go bad or become obsolete. A business’s inventory reserve is its estimate of that percentage; it plays an important role […]
David Luther | Digital Content Strategist May 11, 2023 Enterprise resource planning (ERP) has come a long way from its roots as material resource planning systems used by manufacturers. Today organizations of every stripe and industry rely on ERP software to run their businesses. From finance and accounting to inventory management and professional service automation, […]
Lisa Schwarz | Senior Director of Global Product Marketing July 30, 2023 When a business considers its first ERP, readiness is crucial in two dimensions. First, is the business at the right growth stage to benefit from what an ERP can offer to boost growth and profitability? And, if that’s the case, has it effectively […]
