Optimise your inventory management and cut costs with the Advanced Inventory Management Solutions
More streamlined inventory management
NetSuite Advanced Inventory provides firms with tools to ensure their inventory systems are aligned with business goals and can easily serve customers. The integrated solution gives wholesale distributors and product manufacturing companies the ability to make their inventory management easier, smarter and more streamlined.
Demand-based replenishment processes
Users of the module will be able to ensure they always have the right level of stock on hand to meet fluctuating periods of demand, track deliveries through integration with major courier services and reduce the time taken to process orders. Demand-based replenishment processes also mean they should never be left unable to fulfil orders due to a lack of stock.
Key Area Functionality
Intelligent controls for managing inventory levels use a number of criteria, such as average lead time, historical demand statistics and how long stock is expected to last to dynamically set re-order points and preferred stock levels for each item. This reduces lag time, eliminates problems with inadequate stock levels and helps optimise distribution lists.
NetSuite Advanced Inventory allows you to offer greater flexibility in volume pricing and better control your procurement processes. Sales and inventory reports can be configured to highlight items with the best sell-through rates, so you can adjust unit pricing, production and stock levels to maximise revenue.
Users can set up alerts to notify them when lot-numbered inventory is about to expire, while NetSuite’s sophisticated capabilities make it easy to track a lot’s entire history as it moves through your system. Bin management functionality also lets your employees track the exact location of item, making for a more organised warehouse, which in turn makes it faster for employees to fulfil orders.
Control your inventory lifecycle across multiple locations
Eliminate problems with insufficient or excess stock
Speed up order-to-dispatch processes
Reduce costs for procurement, warehousing and shipping
Track shipping through integration with UPS and FedEx
Monitor and improve performance with real-time reports and analytics