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
 

• 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.