Total Visibility and Control of Your Supply Chain

Overview

NetSuite inventory management software offers a complete set of inventory management, manufacturing and purchasing capabilities that improves supply chain management and delivers an end-to-end, procure-to-pay process.

Gain an in-depth, real-time view into key supplier, inventory and procurement indicators. Self-service capabilities for partners, vendors and customers improve 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.

Benefits

Run Lean Operations

Manage every step of the product lifecycle from factory to store with an integrated manufacturing and wholesale distribution solution.

Strengthen Vendor Relationships

Collaborate with suppliers, vendors and partners by providing self-serve access and real-time visibility.

Forecast with Confidence

Anticipate demand with better accuracy to maintain sufficient inventory levels.

Timely Information and Insight

Improve business performance with real-time access to work order information, inventory and related costs.

 

Features

  • Inventory Control and Warehouse Management: Gain real-time, detailed visibility into key inventory control and supply chain management measures.
  • Purchasing and Vendor Management: Streamline procurement processes using convenient online ordering and intelligent workflow routing.
  • Manufacturing: Manage the shop floor with real-time visibility into work order progress, labor and machine resources and time and materials consumption.
  • Demand Planning: Model how expected sales and purchase orders will affect inventory levels.

Solutions

Demand Planning
Optimise inventory management and streamline the supply chain process

  • Demand Planning Engine: Calculate demand projections based on projection methods that consider historical data, sales forecasts, average trends and seasonality.

  • Supply Chain Intelligence with MRP: Leverage MRP parameters, such as forecast consumption, lot sizing methods including periods of supply, demand and planning time fences to calculate a supply plan with recommended purchase and work orders as well as rescheduling in/out and cancellation alerts.

  • Gross Requirements Inquiry: Model expected sales and purchase orders to see the impact to future inventory levels.

Inventory Control and Warehouse Management
Manage every stage of the inventory management lifycycle

NetSuite’s inventory and warehouse management software allows you to consolidate your inventory systems into a single, integrated warehouse inventory control solution. With NetSuite’s inventory control software, you can efficiently manage every stage of the product lifecycle, as well as your different lines of business. You’ll be able to manage inventory levels and get stronger control of inventory operations.

  • Cost Management: Accurately track and report costs by accounting for specific detailed landed costs and allocating inventory costs by weight, value or quantity.

  • Inventory Control: Control inventory replenishment with capabilities to minimise excess stock and fulfill orders on time.

  • Order Fulfillment: Fulfill orders effectively with complete bin management and cross-location visibility capabilities.

  • Inventory Visibility: Gain real-time visibility into key inventory trends, on-time delivery metrics, shipping costs and more.

Purchasing and Vendor Management
Gain complete visibility into the procure-to-pay process

  • Integrated Process Workflow: Manage the entire procure-to-pay process with capabilities to process requisitions, purchase orders, invoices and payments in a single solution.

  • Routing and Approval: Eliminate maverick spending with automatic routing and digital approval capabilities to authorise expenditures in accordance with company policy.

  • Centralised Vendor Management: Provide vendors with self-service access to real-time information relating to the purchase order, inventory and payment data.

Manufacturing
Enable you to run your manufacturing operations efficiently.

From sales order to work order processing, routing and scheduling, to order fulfillment and product costing, NetSuite manufacturing software provides real-time visibility into every step of the production process to help you make better-informed decisions. Get your products to market quickly and cost-effectively anywhere in the world with an end-to-end manufacturing software solution.

  • Shop Floor Management: End-to-end, real-time shop floor management with work order tracking, component yield and scrap management, and visibility into work-in-process inventory put-away to finished goods.

  • Manufacturing Routing: Optimise manufacturing routing by assigning work centers with machines and labor resources to specific tasks. Schedule alternate routing on demand.

  • Product Costing: Plan for targeted manufacturing expenses. See real-time variance analysis between standard and actuals costs while managing various types of machine, materials and labor overhead.

  • Bill of Materials: Visibility into assemblies and components to manage product obsolescence and revision control with “multi-level bill of material” and “components where used” inquiries.

  • Materials Resource Planning: Plan future production materials and work orders using multi-level BOM explosion, component yield, work center calendar, and planned daily work center capacity.

Resources

Demo

How NetSuite Streamlines the Inventory Management Process
Watch the demo

Article

Inventory Management in the Cloud
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Whitepaper

The Benefits of Integrating Inventory Software with Accounting
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Datasheet

Find out all the Solution details for NetSuite ERP
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