What is Just-in-Time (JIT) Inventory Management?
Just-in-Time inventory, commonly referred to as JIT, is an inventory management strategy in which raw materials arrive as soon as production is scheduled to begin but no sooner. The goal is high-volume production with minimal inventory on hand to meet demand and eliminate waste. What is Just-in-Time (JIT) Inventory Management? – YouTube
What Is Free Cash Flow? FCF Explained
Free cash flow (FCF) is the money left over from revenue after a business pays all of its financial obligations—operating expenses plus capital expenditures—during a specified financial period. This cash can then be used for discretionary spending, such as investing in business expansion or building financial reserves. FCF helps track the financial health and sustainability […]
What Are NetSuite Dunning Letters?
A dunning letter is a letter or email that accounts receivable departments send to customers as a reminder to remit overdue payments. While this can be a manual and time-consuming process, NetSuite’s Dunning Letters solution simplifies it, automatically sending payment reminders at specified intervals based on account balance, invoice amount or other criteria. By automating […]
What Is NetSuite ERP & How Does It Work?
NetSuite is the leading integrated business software suite that includes enterprise resource planning (ERP), accounting, customer relationship management (CRM), inventory management, human resources, ecommerce and more. Built in the cloud, NetSuite ERP provides real-time visibility into critical accounting and operational information, automates processes across the entire organization and increases productivity and efficiency to help growing […]
Slowed by QuickBooks: Project Accounting
If you’re using QuickBooks for project accounting, you’re struggling to keep up with the many processes involved in it: managing budgets, timesheets, resources, expenses, invoices, margins, revenue recognition and more. NetSuite’s comprehensive, end-to-end professional services automation solution, SuiteProjects, automates these processes and integrates them with the rest of your financials, helping you control costs, increase […]
How Integrated Customer Data Helps Farmpal Predict Consumer Demand
Agritech startup, Farmpal, developed a digital platform that connects Indian farmers directly to customers. Founded in 2017, its mission is to overcome India’s agricultural problems through the power of technology. Farmpal co-founder, Karan Hon, explains how deploying Oracle NetSuite gives the business access to critical customer data and helps it manage its supply chain more […]
What is NetSuite SuiteProjects?
Netsuite SuiteProjects is our professional services automation solution. SuiteProjects helps services organizations manage projects, optimize resources, expedite billing cycles and improve invoicing accuracy. And since it’s built in the suite, SuiteProjects provides full visibility into project data to help organizations operate more efficiently, deliver projects on time and within budget and, ultimately, increase project profitability. […]
What Is Employee Engagement?
Employee engagement is a way to measure and understand how committed and connected your employees are to your business, its growth and its success. Engagement is the result of workplace conditions that provide support and make employees feel fulfilled and valued. A highly-engaged workforce results in retention, additional productivity, work quality, customer satisfaction and overall […]
What Is Procurement Software?
Procurement software centralizes and automates the processes around purchasing goods and services into a single system. These processes include: Managing vendors and contracts, generating purchase requisitions, executing order processing, paying invoices electronically and more. By automating procurement processes, businesses speed time to delivery, control purchasing costs and save employees valuable time otherwise spent on manual, […]
What Is Headcount Planning?
Headcount planning ensures an organization has the right number of employees with the right skillset to meet short- and long-term goals within a defined budget. The headcount planning process–also known as “org charting”–is an important step in understanding what the organization is paying for labor and then tying it to the financial planning and analysis […]
