Oracle NetSuite

Inventory Management

Helps businesses efficiently track, manage, and optimize their inventory levels and processes.

Optimize Inventory Levels and Ensure Product Availability

NetSuite Inventory Management provides a single, real-time view of inventory across all locations and sales channels, allowing businesses to reduce inventory on hand to free up cash while avoiding stockouts. By optimizing inventory levels and ensuring product availability across multiple channels, NetSuite Inventory Management helps businesses keep inventory costs low while exceeding customer expectations.

NetSuite Inventory Management streamlines and simplifies operations by effectively reducing the need for manual intervention by automating the tracking of inventory levels, orders, and sales throughout the entire inventory life cycle. This automation not only increases operational efficiency but also offers a wealth of information and invaluable data-driven insights that empower businesses to make informed decisions.

Moreover, the system provides clear visibility into potential inventory challenges, such as excess stock or slow-moving items. This proactive approach to inventory management enables companies to proactively address issues, optimize their stock levels, and ultimately operate more efficiently and profitably in today’s dynamic business environment.

Oracle NetSuite Inventory Management

Purchase Order Management

Managing the entire process of creating, sending, and tracking purchase orders to suppliers. It includes managing vendor relationships, setting reorder points, automating purchase order generation, and ensuring timely delivery of goods.

Sales / Order Fulfillment

Focuses efficiently processing customer orders. It encompasses picking, packing, and shipping products, as well as managing order status and communication with customers.

Unit of Measure Conversion

Allows for the conversion of inventory quantities between different units of measurement (e.g., pieces to cases, kilograms to pounds), crucial for businesses that deal with various units across their supply chain.

Raw Materials Planning

Speeds up production by helping your business optimize stock levels and fine-tune production schedules, and identifying the required raw materials, components, and subassemblies, along with their timing, to assemble finished goods based on demand and BOMs.

Multiple Location Warehouse Fulfillment

Enables businesses to manage inventory across multiple warehouses or locations. It optimizes inventory distribution, tracks stock levels at each location, and facilitates efficient inter-warehouse transfers.

Kitting

Allows for the creation and management of pre-packaged kits or bundles of products. to simplify sales and order fulfillment for items that are frequently sold together.

Lot Tracking

Tracking inventory items by lot or batch numbers which is essential for businesses that need to track product expiration dates, recalls, or quality control.

Back Order Management

Handles situations where customer orders cannot be fulfilled immediately due to insufficient stock. It manages backorders, tracks expected delivery dates, and communicates with customers about delays.

Demand Forecasting

Uses historical data and statistical analysis to predict future demand for products to optimize inventory levels, reduce stockouts, and minimize excess inventory.

Cycle Counting

Maintaining accurate inventory by regularly counting a subset of items instead of performing full physical inventories to improve stock accuracy and reduce discrepancies between physical inventory and system records.

Serialized Inventory / Barcoding

Enables the tracking of individual inventory items with unique serial numbers. Barcoding simplifies inventory management by allowing for quick and accurate scanning of items.

Automatic Restocking

Automates the process of replenishing inventory based on predefined reorder points or minimum stock levels to ensure that stock is always available to meet demand.