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 […]
What is Warehouse Management?
Warehouse management involves the principles and processes around running day-to-day warehouse operations, including: organizing the warehouse space, receiving items, scheduling labor, fulfilling orders and tracking inventory as it moves throughout the warehouse. Effective warehouse management optimizes and integrates these processes to increase productivity and lower costs within the warehouse. What is Warehouse Management? – YouTube
What Is Cycle Counting?
A cycle count is a method of checks and balances by which companies physically count a subset of inventory in a specified location and on a recurring basis to confirm physical inventory counts match inventory records. Implementing periodic cycle counts help minimize interruptions in the warehouse, lower overhead costs and make physical counts less painful. […]
What Is a Physical Inventory Count?
A physical inventory count is a methodical and structured approach to counting a business’s stock. Physical counts typically happen at the end of a reporting period and are used to ensure inventory records and financial statements are accurate. This information provides for better forecasts around sales and purchases, and ensures a business has the right […]
What is Demand Planning?
Demand planning helps businesses predict and meet customer demand by analyzing current sales as well as consumer trends, historical sales, seasonality data and a product’s natural lifecycle. Effective demand planning delivers both profit and customer satisfaction by helping businesses create ideal inventory levels, shipping timelines and all the steps needed to meet demand. What is […]
What Is Supply Chain Analytics?
Supply chain analytics is the analysis of information companies draw from procurement, inventory management, order management, warehouse management, fulfillment and transportation management. This information helps business leaders improve supply chain logistics to resolve inefficiencies and give businesses a competitive edge. What Is Supply Chain Analytics? – YouTube
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 Order Management?
Order management includes all the processes involved in taking, receiving, tracking and fulfilling a customer order. The process starts once an order is placed and continues as the merchant receives, accepts and fulfills the order. This includes picking, packing and shipping the order, tracking the order until it reaches the final destination, and then fulfilling […]
What is NetSuite Customer Relationship Management (NetSuite CRM)?
NetSuite customer relationship management (NetSuite CRM) is a centralized repository of real-time customer information and data that’s seamlessly integrated with the rest of NetSuite. It provides visibility across the entire customer lifecycle—from lead all the way through opportunity, sales order, fulfillment, renewal, upsell, cross-sell and support. In addition to offering traditional CRM capabilities (such as […]
