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Choosing the right one for your firm will depend on a variety of factors. QuickBooks and Netsuite Oracle are two popular cloud-based accounting management softwares that can help manage your day-to-day finances. NetSuite inventorymanagement can offer purchase planning based on historical demand for informed decision making.
Enterprise resource planning (ERP) is a business management software built to do just that. This relatively new system offers a centralized platform with applications to manage all aspects of your business from supply chain management to inventorymanagement to financial management.
This flexibility saves time and money that would otherwise be spent on calculating profit and loss statements, inventory reports, payroll reports, and numerous other tasks that are easy to take for granted until they’re not available. In fact, it’s the most popular ERP for mid-sized businesses.
Both are designed to fit the needs of small to mid-size manufacturers, wholesalers, and distributors that have special pricing rules or more complex assembly requirements. If you’re in the manufacturing business, you know how important it is to manage builds, track inventory, process purchase orders, and manage sales orders.
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