Scenario: You own a small e-commerce store that sells 500 pairs of shoes in a year. The total cost of producing these shoes (COGS) is $50,000. At the start of the year, your inventory was valued at $10,000, and by the end of the year, it was $15,000. Step-by-Step Calculation: Find the Average Inventory: Average Inventory = Beginning Inventory + Ending… Continue reading Inventory Turnover
Month: November 2024
How to Display Last Name Before First Name in NetSuite
If you want to configure NetSuite to display the Last Name before the First Name for employees or other entities, follow these simple steps. Navigate to General Preferences Go to Setup > Company > General Preferences. Enable Last Name First for Employees and Entities Use Last Name First for Employees: This will display the employee’s last name first in relevant… Continue reading How to Display Last Name Before First Name in NetSuite
How to Call a Controller with AJAX in Magento 2: A Step-by-Step Guide
Why Use AJAX in Magento 2? Before we jump into the how-to, let’s talk about the why. AJAX (Asynchronous JavaScript and XML) allows your web pages to communicate with the server without reloading the entire page. This means you can update parts of your Magento 2 site dynamically, providing a smoother and faster user experience.… Continue reading How to Call a Controller with AJAX in Magento 2: A Step-by-Step Guide
How to fix Git Clone “Filename too long” Error in Windows?
There is an option to do as part of the “git clone” command if you wish to fix the error while cloning the repository. Please enable flags to accept using the “-c” option and then pass core.longpaths=true as below. git clone -c core.longpaths=true
Understanding query.RelativeDate in NetSuite SuiteScript 2.x
query.RelativeDate is a feature in the N/query module introduced in NetSuite 2019.1 that allows developers to define relative dates for use in query conditions. It is particularly useful when working with dynamic date ranges, enabling queries to adjust based on the current date or a specific relative time frame. Key Features and Functionality Purpose: Represents… Continue reading Understanding query.RelativeDate in NetSuite SuiteScript 2.x
Understanding query.create(options) in NetSuite SuiteScript 2.x
query.create(options) is a method provided by the N/query module in SuiteScript 2.x, introduced in NetSuite 2018.1, that allows developers to create a query.Query object. This method serves as the foundation for defining queries in NetSuite, enabling developers to retrieve data programmatically. Purpose: This method initializes a query object with the specified query type. It can… Continue reading Understanding query.create(options) in NetSuite SuiteScript 2.x
Understanding Query.autoJoin(options) in NetSuite SuiteScript 2.x
Query.autoJoin(options) is a powerful method in the N/query module of SuiteScript 2.x, introduced in NetSuite 2018.2, that allows developers to create join relationships in queries. This method simplifies the process of joining components in a query by leveraging the options.fieldId parameter to define the join relationship. Purpose: The method establishes join relationships in queries. It’s… Continue reading Understanding Query.autoJoin(options) in NetSuite SuiteScript 2.x
Estimated Total Value of an Inventory Adjustment
To calculate the Estimated Total Value of an Inventory Adjustment, you typically multiply the Quantity Adjusted by the Unit Cost for each item in the adjustment. Here’s how to calculate it based on your provided details: Required Details: Item Code/Name: Identify the inventory item. Quantity Adjusted: The number of units added to or removed from… Continue reading Estimated Total Value of an Inventory Adjustment
Applications of CBM
Shipping: Calculating costs for sea, air, and road freight. Warehousing: Determining the storage space required for goods. Logistics: Optimizing the number of items that can fit into containers or pallets. E-commerce: Estimating shipping charges for large or irregularly shaped products. CBM is a crucial metric for any business dealing with physical goods, as it directly… Continue reading Applications of CBM
Advantages of CBM Calculation
Efficient Space Management: Helps optimize the use of storage and shipping containers by determining the exact space requirements. Accurate Cost Estimation: Shipping costs are often calculated based on volume (CBM) rather than weight, especially for lightweight but bulky items. CBM is essential for determining the volumetric weight, which impacts freight costs. Standardized Measurement: Provides a… Continue reading Advantages of CBM Calculation