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NetSuite Advanced Inventory Management is designed to help businesses gain control over their inventory processes, reduce costs, and improve efficiency. By providing real-time visibility, automation, and advanced planning capabilities, it ensures that inventory management aligns seamlessly with your operational and financial goals.
With a single, centralised system, businesses can monitor inventory levels, locations, and movements in real time. This enables better decision-making and reduces the risk of stockouts or overstocking.
Advanced forecasting tools use historical data, seasonality, and trends to predict inventory needs. Demand planning ensures that stock levels are optimised to meet future demand without tying up excessive capital.
Track inventory down to the lot or serial number level to enhance traceability and compliance. This feature is especially useful for industries requiring detailed tracking, such as food and beverage, pharmaceuticals, or manufacturing.
Set minimum and maximum stock levels to automate reordering. NetSuite automatically generates purchase orders when inventory falls below predefined thresholds, reducing manual effort and ensuring inventory availability.
Manage inventory across multiple warehouses, stores, or distribution centres. NetSuite provides real-time insights into inventory by location, making it easier to allocate resources and meet customer demands.
Improve warehouse efficiency by organising inventory within specific bins or storage locations. Bin management ensures faster picking, packing, and shipping processes.
Support multiple costing methods, including FIFO, LIFO, and average cost, to align inventory valuation with your financial and operational strategy.
Automating inventory processes such as reordering, picking, and tracking reduces manual work and enhances operational efficiency.
By optimising stock levels and avoiding overstocking or stockouts, businesses can reduce holding costs and lost sales opportunities.
Accurate inventory tracking ensures timely fulfilment of customer orders, improving service levels and building customer loyalty.
As your business grows, NetSuite Advanced Inventory Management scales to handle increased inventory volumes, additional locations, and complex supply chains.
Real-time insights into inventory levels, turnover rates, and demand patterns enable businesses to make informed decisions that support profitability and growth.
NetSuite Advanced Inventory Management provides businesses with the tools needed to manage inventory effectively and efficiently. By combining real-time visibility, automation, and advanced planning capabilities, it empowers organisations to reduce costs, improve customer satisfaction, and optimise operations.
Whether managing inventory across a single warehouse or a global network, NetSuite’s comprehensive features ensure your inventory aligns with business objectives, helping you achieve long-term success.
DWR is a multi-award winning NetSuite Solution provider with over 15 years of experience in helping our clients, select, solution, implement and maintain their NetSuite platform.