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 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 […]
NetSuite vs QuickBooks
While both NetSuite and QuickBooks offer software designed to help businesses manage their accounting processes, there’s a significant gap in the depth of features. NetSuite is designed to scale with growing businesses and offers an entire suite of business management applications like customer management, ecommerce, HR, project management, inventory management, supply chain management and more. […]
What is Material Requirements Planning?
Material requirements planning (MRP) is a standard supply planning system to help businesses understand inventory requirements while balancing supply and demand. Businesses use an MRP system to more efficiently track inventory, schedule production and ultimately deliver the right product, on time and at optimal cost. What is Material Requirements Planning? – YouTube
What is Planning and Forecasting?
Planning and forecasting is the process of analyzing historical and current data trends to help businesses make more informed decisions about future plans. In comparing past and present information, forecasting helps businesses make predictions around business performance and expenses. Those predictions are then used to set operational and strategic plans. What is Planning and Forecasting? […]
What is Cloud ERP?
Cloud enterprise resource planning, or cloud ERP, takes the critical business functions of ERP software—such as accounting, inventory and order management, human resources and customer relationship management—and allows users to access them over the internet. A cloud ERP system is a shared database that enables different groups within an organization to access the same data […]
What Is NetSuite’s Quality Management Solution?
NetSuite’s quality management solution(QMS) automates processes around things like inspection plans, tracking test results and evaluating vendors. The solution enables quality engineers to perform inspections, review standards, and record and submit data for analysis directly from the inspection area, providing real-time feedback and instant access to test results. It also triggers workflows around specification failures […]
How NetSuite Helps Agritech Startup Farmpal Empower Indian Farmers
Agritech startup, Farmpal, has designed a digital platform—powered by a user-friendly mobile app—that connects Indian farmers directly with business customers. With its sophisticated supply chain and inventory management system, Farmpal is striving to overcome India’s challenging agricultural problems through technology innovation. Discover how choosing Oracle NetSuite to integrate its financial and inventory data has helped […]
Poolwerx Increases the Value of Its Franchisees With Oracle NetSuite
Poolwerx is the largest pool and spa maintenance company in the world. Over the past three decades, the business has revolutionised the pool service industry through its franchise-operated model and now operates in over 355 territories with 670 service vans and 160 retail stores across Australia, New Zealand and America. Founder and CEO John O’Brien […]
