Your company’s mission is to be the best supplier of your products on the market today. Most companies define what that means in terms of serving the customer. Ecommerce has dramatically changed the way companies must serve their customer. For example, your customers can send you an order over the Internet or by calling and they will get a return confirmation promptly. You will ship all orders within 24 hours. You will offer a variety of products that is both broad and deep.
Read MoreTags: Inventory Planning, SAP, NetSuite, Demand Planning, Spreadsheets, inventory management, Inventory Planning Solutions
This blog continues with the various financial/accounting measurements you can use. As stated previously, most small businesses use an ERP system from companies like SAP, NetSuite and Microsoft. But they fall short of providing inventory optimization and rationalization. Understanding and using some basic financial and accounting methods with an advanced inventory optimization solution will help get you there. It will also help keep you there.
Read MoreTags: Inventory Planning, SAP, NetSuite, Demand Planning, NetSuite Demand Planning
Inventory planning uses a wide range of variables and metrics, which generally include:
Read MoreTags: Inventory Planning, SAP, NetSuite, Demand Planning, Supply Chain, Inventory Planning Solutions, NetSuite Demand Planning