When choosing a costing method in NetSuite, each has benefits and some "gotcha’s" that can surprise you if you are not fully informed.  Some of these show up due to multiple locations and related to specific activities such as: transfer orders, cost roll-ups, inventory adjustments, and supply methods. 

When choosing a costing method for your inventory it is very valuable to fully understand all of your options and the impact of such a decision. Things to consider when making this include the following:

It’s tough running a growing business. 

I’ve been there.  You start out with a dream, then a vision.  You see an opportunity to make your mark in the world by helping people achieve ‘X’ in their lives.  You did the work to develop your product or service, and you know it is world class.  You analyzed the market potential and the sky is the limit.  So you look at all your investments, the 401(k) and get a 2^nd mortgage on the house for a working capital line of credit. 

 In November 2016, Microsoft announced Dynamics 365 Finance & Operations.

In April 2018, they announced Dynamics 365 Business Central.

So what does that mean for you? What’s next?

You’re currently running a legacy version of Microsoft Dynamics, and Microsoft is still supporting it – for now.

When you originally implemented NetSuite, you chose the best addons, integrations, and customizations for your business needs at that time. But are you able to stay competitive with the solutions you chose years ago? 

Moving to a new ERP system is a big investment of time, money and resources. There’s no question about that. It’s only natural that decision makers want to take some time to ensure that they are getting the right solution for their business so that they can get the most ROI out of their investment. 

On Thursday, August 2nd, Evan Goldberg, the Founder of NetSuite and EVP of Development for Oracle NetSuite released the following video titled Today, Tomorrow, and the Next 20 Years for NetSuite. 

At Concentrus, we specialize in helping distributors with their own warehouse pick the best warehouse management system (WMS) to meet their business needs. As such, there are a few items that we recommend our clients consider to determine if they even need a WMS, and if so, what kind of features they should be looking for. 

Guest Post by Paul Seibert, E-Commerce Practice Director at SuiteCentric

The rapidly consolidating cellular telephone industry in the United States, and the primary service providers that form that industry, are in today’s marketplace faced with a number of pain point. These include but not limited to network congestion collapse, which exacerbates an increasing inability of the major cellular carriers to monetize packet traffic, along with unabated increases in P2P or peer-to-peer traffic, unlimited connectivity and Over-The-Top OTT content strategy.

You’ve got complex orders with different pricing for each customer. You need a flexible system in place to streamline the order-to-cash process.

If you have siloed systems, the order management process can be very manual and prone to human error. But, what would your company look like if you could automate and manage your entire order lifecycle from order capture and validation, to order release and shipment confirmation, all the way through to follow up customer communications and payment settlement?