Are you in need of identifying consumer buying patterns and want to quickly view which product is over or under performing? Merchandise Hierarchy helps achieve this plus provides a quick view of your products while allowing for category changes during different time periods. This can be a great tool if you are continuously launching new limited release collections or have multiple seasonal offerings.
Why Use NetSuite’s Merchandise Hierarchy?
Tags: NetSuite, Reporting, NetSuite How To's, Inventory Management, Product Review
Top Performing Retailers Have Moved to the Cloud – Why Haven’t You?
Many retailers start their business with a combination of a basic accounting system, inventory management system, and multiple spreadsheets. But as they grow larger, the amount of time and effort it takes to handle a higher volume of orders becomes difficult to handle and prone to human errors.
Tags: Reporting, Inventory Management, eCommerce, Retail
5 Ways Retail Startups Can be Proactive During a Crisis
COVID-19 has impacted everyone in the United States personally, professionally, and/or financially. Startups, especially newer retailers, have been hit hard because they do not always have the cash flow, processes and systems in place to handle this drastic of a change.
Tags: Reporting, Customer Service, Inventory Management, eCommerce, Warehouse Management System (WMS)
5 Steps to Create a Meaningful Financial Reporting Structure
CFO’S, Controllers and managers have a lot on their plate. Managing a business is a challenge on its own. Imagine running a business without data or information that helps provide a basis for change. Not having a solid financial reporting structure in your business will prevent you from making the necessary changes, or in some cases, from preventing significant losses. The same can be said with too much data or “information overload” when that information is not meaningful to your business.
Tags: NetSuite, Reporting, NetSuite How To's