No matter your industry, inventory—and its management—plays a critical part in your company’s bottom line, as bottlenecks or problems are never only isolated to the warehouse or stockroom.
Purchasing loses visibility and is unable to maintain adequate levels. Sales and customer service reps feel the heat from customers whose orders aren’t being fulfilled properly or on-time. C-level executives lose confidence in operations and become concerned about cash flow associated with inventory.
With reports showing that integrated companies are outpacing non-integrated ones by 20%, it’s more important than ever to have real-time visibility and control over your asset and inventory management processes. Though it sounds simple, making sure you have what you need when you need it takes planning, the right technology, and optimized processes. Only then will you be able to swap lack of visibility, manual and time-consuming manual processes, and losses for tighter controls, real-time visibility and traceability, and growth.
Ready to get your inventory management back on track? NetSuite’s native inventory management capabilities—including multi-location tracking, safety stock, re-order points, cycle counts, demand planning, and distribution requirements planning—will help you meet demand and expectations.
Integrated cloud-based inventory management with NetSuite
NetSuite Inventory Management helps automate inventory management, reduce handling costs, and optimize cash flow. The cloud-based platform ensures real-time visibility into asset and inventory stock, replenishment, and tracking.
Preferred stocking levels, lead times and re-order points can be automatically calculated in the system, ensuring you are maintaining the appropriate amount of inventory to meet demand and keep your customers happy.
Maintain Inventory Accuracy
Keep an accurate count of inventory with NetSuite’s Inventory Count feature. Categorize inventory based on volume and/or value of transactions and enter regular periodic counts of on-hand item quantities to maintain inventory accuracy.
Keep Track of Assets
NetSuite enforces the capture and identification of all related information on each transaction to provide full traceability. View your inventory by lot or serial number and drill-down to all related transactions.
Holistic View of Inventory Locations
The physical location of inventory can be hierarchical, allowing the creation of sub-locations that can be broken down into bins for a more finite level of tracking.
Advanced Inventory Capabilities
Have more complex inventory needs? NetSuite’s Advanced Inventory module provides a broad array of capabilities to optimize inventory availability and levels including bins, lots, and serial numbers.
A team of in-stock inventory gurus
Looking for a solution to your inventory management problems? 360 Cloud Solutions has a team of NetSuite Inventory Management experts—with more than 125 years of combined experience and 400+ successful implementations—in-stock and ready to help.
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