NetSuite Advanced Inventory
An Inventory & Manufacturing Management Solution
NetSuite Advanced Inventory provides a broad array of capabilities to optimize inventory levels and availability, and allows you to track and report performance in real-time through dashboards and analytics.
About NetSuite Advanced Inventory
The NetSuite Advanced Inventory module provides you with the tools for a more efficient management of inventory levels and availability. Through incorporating workflow items such as warranty claims and operations related to returns, such as refunds, replacements, and repairs, NetSuite Advanced Inventory helps you optimize your inventory levels and ensure product availability at all times.
Want more information on how NetSuite Advanced Inventory can help you optimize operations and increase customer satisfaction through demand-based inventory replenishment, inventory control, and inventory process management?
Key Benefits
- Cut costs for procurement, warehousing, shipping and fulfillment
- Manage full inventory lifecycle across multiple locations
- Eliminate stock-outs and speed-up deliveries
- Be enabled to make better decisions
- See reports on current performance
- Monitor and Improve Performance
- Increase Customer Satisfaction
Key Features & Capabilities
- Serialized Inventory/Barcoding Items
- Real-time dashboards and analytics
- Automated Reorder Point
- Lead Time Calculations
- Lot Management
- Pick Pack Ship
- Matrix Items
Dashboards & Analytics
NetSuite Advanced Inventory enables you to monitor and improve your business's performance by providing real-time dashboards and analytics that offer insights into current performance. This feature enables managers to make better, more informed decisions through the real-time visibility in managing inventory.
Inventory Lifecycle Control
NetSuite Advanced Inventory allows you to have more control over the full lifecycle of your inventory, even across multiple locations. Some of the tools that help make this possible are automated reorder point, barcoding items, lead time calculations, lot management, matrix items, pick/pack/ship, and serialized inventory. By using these tools, your business can reduce unnecessary costs associated with procurement, warehousing, shipping, and fulfillment, while also increasing customer satisfaction by eliminating stockouts and speeding up deliveries.
NetSuite Inventory Management FAQs
Yes! NetSuite Advanced Inventory provides a broad array of capabilities to optimize inventory levels/availability, and allows you to track and report performance in real-time through dashboards and analytics.
NetSuite Advanced Inventory is an inventory-management module that enhances core capabilities with features like demand-based replenishment, multi-location tracking, serial/lot management, and real-time dashboards and analytics.
Defining the type of inventory management you may want in your NetSuite ERP is an important step to any NetSuite implementation when getting to your inventory management processes.
The NetSuite Advanced Inventory module benefits many different kinds of businesses, especially those operating in the Wholesale Distribution, Retail, and Manufacturing Industries.
Yes! Anchor Group provides implementation services for NetSuite modules, including NetSuite Advanced Inventory. Contact us to learn more about our NetSuite module implementation services!
NetSuite Advanced Inventory uses sales data, seasonal demand, lead times, and preferred stock levels to dynamically set reorder points and automatically generate replenishment tasks, maintaining optimal inventory levels. It helps avoid stock-outs and ensures product availability. With replenishment planning, lead-time monitoring, multi-location transfers, and real-time visibility, the module helps endure the needed stock is available and prevents missed sales due to stock-outs.
Yes — Advanced Inventory provides multi-location inventory tracking, giving your business visibility across warehouses, retail, e-commerce, and distribution, enabling stock transfer, effective fulfillment, and avoiding overstock or stock-outs.
Absolutely, NetSuite Inventory Management supports matrix items, multiple units of measure, multi-location operations, and global fulfillment for advanced inventory needs.
By optimizing inventory, avoiding excess stock, improving fulfillment, and enhancing visibility, NetSuite Advanced Inventory helps reduce costs, shrinkage, shipping redundancies, and improves cash flow.
Yes, our team here at Anchor Group offers customization and optimization services for many NetSuite modules, including NetSuite Inventory Management through our managed service plans.
Related NetSuite Modules
If the NetSuite Advanced Inventory module doesn't meet your company's needs, consider other solutions that might be a better fit. Here are a few ideas to get you started.