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When faced with uncertainty, a leader’s priority is to run the businesses efficiently, focusing on robust bottom lines as much as revenue growth. That means now is the time to proactively manage inventory to focus on high-margin items, contain labor costs by automating tasks and minimizing human error and adjust budgets to control spending in the face of rising prices. Updates delivered in NetSuite’s 2022 Release 2 can help you with all those challenges. The system will serve as the functional data foundation on which to develop insights and focus on what you can control, instill confidence and prepare for the future.

Does your brewery use paper or spreadsheets to capture brew logs? Finally, say goodbye to the hassle of using notepads and spreadsheets to collect data by using Crafted ERP’s Digital Brew Log for NetSuite.

Procurement software automates most manual tasks — from purchase requisitions to vendor management and invoicing. A procurement solution makes it easier to keep track of buyer-vendor communications and to enforce compliance by requiring that purchases be made only through contracted vendors and setting limits on spending and the types of purchases that can be made based on the user’s role.

Ongoing supply chain disruptions and rising prices due to inflation mean many business leaders are hyper-focused on controlling inventory and understanding the impacts on cash flow and profitability of holding excess stock, or not having enough. If your needs are straightforward, you may be able to get by with a basic inventory management system. If, however, you stock, sell and fulfill items in more than one location, a system that provides visibility into stock levels across all your sites enables you to optimize your inventory and get products to customers the quickest and most cost-effective way possible.

As companies authorize more people to make purchasing decisions, controlling expenses becomes more difficult. Lack of visibility into what is being purchased, poor coordination among departments and insufficient management oversight can lead to unsustainable operating costs.

Companies can avoid many of these problems by standardizing the procurement process and making sure it’s consistently followed by the entire organization. And since you can’t manage what you can’t measure, having the right metrics and key performance indicators (KPIs) in place is also critical for success.

When ecommerce is natively unified with ERP, CRM, order and inventory management, you gain an unprecedented level of real-time visibility designed to make more informed business decisions. You’ll be able to see, for example, what products are moving best in a given region or with a given buyer persona. And, because you won’t need to integrate front-end ecommerce and back-end business systems, you’ll no longer need to manage separate systems and stumble through manually importing data to get everything to work together.

When an organization procures a cloud-based technology solution, like financial management software and similar business management applications, the solution provider generally stipulates specific service characteristics that identify usage parameters within the account, like monthly transaction volumes, number of users, file storage limits and concurrent processing.