5 min read

Takeaways From the Exchange Breach: Less Risk in the Cloud

By Oracle NETSUITE on May 15, 2021 8:15:00 AM CDT

By Ira Winkler, chief information security officer, Skyline Technology Solutions

Topics: digital transformation ERP Cloud ERP implementation bussiness
3 min read

Blockchain: The Heart of Digital Transformation

By Oracle NETSUITE on May 6, 2021 2:19:55 PM CDT

By Emily Houghton, Industry Marketing Lead
 

Fifty-two percent of the Fortune 500 firms since 2000 are gone because they failed to see the next set of technologies and understand how they could capitalize on them, warns Ray Wang, Principal Analyst and Founder of Constellation Research Inc.

Topics: digital transformation bussiness development blockchain
4 min read

NetSuite 2021 Release 1

By Tekiio Editorial Board on March 27, 2021 8:30:00 AM CST

By Erik Klein and Himanshu Pande, Principal Outbound Product Manager, SuiteCloud Platform and Principal Product Manager, SuiteAnalytics
Topics: Software ERP digital transformation ERP Cloud
6 min read

6 Common Invoicing Problems and How to Solve Them

By Oracle NETSUITE on November 18, 2020 9:00:00 AM CST

By Lisa Schwarz | Sr. Director of Global Product Marketing
Oracle NetSuite

Topics: Software ERP digital transformation invoice
8 min read

Top 5 Tips to Improve Ecommerce Customer Experience

By Oracle NETSUITE on November 14, 2020 9:00:00 AM CST

By Austin Caldwell | Senior Product Marketing Manager
Oracle NetSuite

Topics: NetSuite ecommerce Oracle NetSuite digital transformation ERP Cloud Management
14 min read

Localizing Your Supply Chain: A Cost-Benefit Analysis

By Editorial Team Efficientix on October 8, 2020 6:24:52 PM CDT

Crises can reveal weaknesses and, as the coronavirus spread around the globe, it made clear the lack of visibility many businesses had into offshore suppliers and manufacturers and demonstrated the fragility of their supply chains. It was a sobering wakeup call 30 years after many companies expanded their supply chains abroad to take advantage of much lower costs. In a May survey by the Institute for Supply Management, 97% of respondents said the coronavirus impacted their supply chain and 36% dealt with disruptions. Yet, as of March, 44% of respondents had no plan to overcome these disruptions. In other words, these companies could not maintain production at normal levels if, for example, they relied on a single supplier in China’s Hubei province, where the virus first surfaced.

The lost revenue that resulted sparked a reckoning to improve supply chain resilience—55% of supply chain leaders told Gartner they expect to have a
highly resilient supply chain within two to three years, up from 21% that have such a supply chain today. Building resilience requires establishing relationships with multiple suppliers and manufacturers. It also requires complete visibility
into the source of each component that goes into your goods, and the path those components take to your facility. That’s where traceability comes in:
a company must be able to track a product as it evolves from raw material to manufactured good and is then shipped to a store or consumer. This call for greater supply chain resilience and traceability has led many businesses to consider moving pieces of their supply chain to local regions—for U.S. companies, that means back to North America. “Onshoring” and local sourcing makes companies more nimble and therefore more resilient when the unexpected strikes, because a supply chain located closer to home is shorter, making full traceability easier. It also appeals to an increasing number of consumers who want to
purchase products made locally. Businesses onshoring (or reshoring if they previously had production locally) their supply chain is not an all-or-nothing proposition. A manufacturer could simply add secondary suppliers domestically or start using a contract manufacturer, say in Mexico or the U.S., to mitigate
the impact of another disruption while maintaining partners abroad. That’s more likely than companies uprooting a proven operation in Asia and replacing it with new suppliers, manufacturers and distributors in North America.

Topics: NetSuite wholesale cost digital transformation Supply Chain