Inventory Management

NetSuite Inventory Management

With NetSuite, you gain an in-depth, real-time view into key supplier, inventory and procurement indicators

NetSuite inventory management software offers a complete set of inventory management, manufacturing, and purchasing capabilities that will provide you with integrated supply chain management and control across your entire organization. NetSuite delivers an end-to-end procure-to-pay process that truly creates competitive advantage.

Self-service capabilities for partners, vendors and customers allow you to share supply and demand information-improving collaboration throughout the entire supply chain. With NetSuite, you'll be able to better manage inventory levels and costs-and better meet fulfillment expectations, improving customer service.
 

Key Benefits

  • Get complete real-time visibility into demand, supply, costs and fulfillment measures and trends
  • Manage margins with a clear view into inventory costs, turn rates and inventory profitability
  • Eliminate manual inventory management processes and improve vendor satisfaction with a seamless procure-to-pay process
  • Significantly improve your relationships with suppliers, vendors and partners by providing self-service and real-time visibility
  • Effectively and efficiently meet customer demand, helping drive and maintain superior customer service levels

Warehouse and Inventory Control

Warehouse and Inventory Control

  • Enjoy real-time, detailed visibility into key inventory control and supply chain management measures, including inventory trends, stock on order, and supplier on-time performance
  • Slash inventory costs by tightening control of stock levels while increasing operational efficiencies
  • Increase product margins by effectively managing pricing based on different types of customers, channels and currencies
  • Gain control over inventory replenishment and ensure that you have enough on hand to fill anticipated orders, while keeping excess stock to a minimum
  • Extensive inventory management software features also include bin and lot management, landed cost, demand-based replenishment, customer and volume pricing, multi-location inventory, and more.

 

Purchasing and Vendor Management

  • Eliminate inefficiencies throughout your organization with convenient online purchase order creation that allows you to replace paper-based forms and time-consuming manual processes
  • Streamline requisition processes and improve collaboration with vendors by giving them self-serve access to key data and information, including inventory reordering points and transaction histories
  • Track costs and eliminate errors by creating a complete business process flow through purchasing, receiving and account payables.

 

Optimized Manufacturing Processes

  • Streamline the assembly process by efficiently managing production work orders, building multi-level assemblies, creating special purchase orders for components, and seamlessly integrating with back-office operations
  • Extend the reach of your NetSuite inventory management system with industry manufacturing solutions available at SuiteApp.com.

 

Demand Planning

  • Calculate demand plans leveraging historical data or sales forecasts
  • Model how expected sales and purchase orders affect future inventory levels
  • Calculate supply plans and automatically generate purchase or work orders.

 

Quote and Order Management

  • Eliminate quote and order errors with total quote-to-order-to-cash business process integration across sales, finance and fulfillment, as well as centralized management of all quotes and orders
  • Ensure that sales is quoting based on the latest pricing and discounting rules, and increase average order size by incorporating upsell management.
  • Use powerful dashboards and reporting to gain complete real-time visibility into your fulfillment management performance
  • Evaluate operational efficiency with advanced reporting tools such as inventory turnover reports and inventory back-order reports
  • Reduce fulfillment errors by electronically routing orders to suppliers for drop shipping
  • Improve your returns process with integration between order management and return merchandise authorization (RMA).

 

Billing and Invoicing

  • Get bills into customers' hands sooner and accelerate cash flow by integrating the entire quote-to-order-to-bill process, which enables faster billing and greater billing accuracy
  • Eliminate the risk of error with centralized customer, order and invoice records shared across the business
  • Reduce DSO with real-time dashboards and detail reports that let you monitor orders
  • Automate invoicing as well as complex recurring, time and project-based billing.

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