1. Requirements review and licensing confirmation
NetSuite Module
NetSuite Advanced Inventory Management
Planned, implemented, and optimized by Anchor Group NetSuite consultants
Reduce stockouts, manage excess stock, and give purchasing, warehouse, and finance a shared view of inventory in NetSuite.
NetSuite Advanced Inventory Management brings demand-based replenishment, lot and serial traceability, bin tracking, and landed cost capabilities into your ERP. Anchor Group will help you evaluate the NetSuite Advanced Inventory module and configure it around your operations, whether you're implementing NetSuite or expanding an existing account. It is built for distributors, manufacturers, and retailers who have outgrown one warehouse, one bin, and a reorder point somebody set in 2019 (we see that one a lot).
Pairs well with:
Where the NetSuite Advanced Inventory module fits
Builds on: Standard NetSuite inventory management, which is included with every subscription
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License: The NetSuite Advanced Inventory module is an add-on, licensed on top of the core platform
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What the module itself does: Demand-based replenishment (reorder points and preferred stock levels calculated from your history). Demand Planning, Inventory Optimization, and NetSuite WMS all require it.
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Works alongside: Features you enable and configure separately: Multi-Location Inventory, Bin Management, Advanced Bin / Numbered Inventory Management, Lot Tracking, Serialized Inventory, Matrix Items, Multiple Units of Measure, Landed Cost, and Inventory Count.
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Add something else when: You need handheld scanning and directed picking (NetSuite WMS or RF-SMART), statistical forecasting (Demand Planning), or live counting without pausing transactions (Smart Count).
What you get with Advanced Inventory
Track inventory by location and bin
Know exactly where stock sits, in every warehouse and on every shelf.
- "We have 40 in Milwaukee" becomes "32 in rack B-14 and 8 in the forward pick area."
- Multi-Location Inventory is its own NetSuite feature, and bin management has to be enabled and then configured per location and item. We set both up in the right order.
- Keep quarantined or damaged stock from showing up as available to sell by giving it an inventory status.
Improve traceability with lot and serial tracking
Follow any item from the receiving dock to the customer's door.
- Trace a recalled lot to every customer who received it in twenty minutes with a saved search (instead of a weekend with a filing cabinet of packing slips).
- Settle warranty claims by serial number rather than by argument.
- Turn tracking on only for the items that need it (it cannot be turned off again once numbered items exist, so choose carefully).
See true product costs with landed cost allocation
Put freight, duty, and insurance into item cost, where the CFO can see them.
- Allocate landed costs by weight, quantity, or value on each receipt.
- Gross margin reports reflect what it really cost to get product onto your shelf (usually in a direction the CFO would rather know about sooner). Landed Cost is its own feature, switched on per item, so you need a plan for which items track it.
Handle product variants and units of measure
Stop working around the items that never fit a simple item record.
- Manage a jacket in six sizes and four colors as one matrix item.
- Buy by the pallet, stock by the case, and sell by the each, with NetSuite doing the arithmetic instead of your receiving clerk.
Make cycle counting part of your normal operations
Replace the annual shutdown with counts that fit into a normal week.
- NetSuite's Inventory Count feature schedules counts by item and location, and an approved count posts the variances for you.
- A standard count has to account for transactions processed while it is open, so timing and scope matter (we help you set both).
- For live counting on handhelds without pausing transactions, NetSuite Smart Count is a separate SuiteApp (our physical inventory count app is another option).
Set demand-based reorder points
Let sales history decide when to buy (reordering from memory works right up until the person with the memory takes a vacation).
- NetSuite calculates reorder points and preferred stock levels from past sales and purchases, lead time, safety stock, and seasonal demand, and recalculates them weekly.
- Purchase and transfer order suggestions appear when stock dips below the line.
- Inventory Optimization, new in 2026.2, is a separate feature enabled on top of Advanced Inventory. It helps planners set safety stock and reorder points from demand variability, lead-time history, and service-level targets by item segment (and changes nothing until you include items in it, which is the right kind of cautious).
How Anchor Group delivers it
Enabling Advanced Inventory takes a checkbox. Making it work takes sequence (items, then locations, then bins, then costing, then replenishment), and that is the part we do.
New to NetSuite?
Plan it right the first time
- Map your locations, items, and traceability needs before anything is licensed.
- Configure inventory in the right order as part of your NetSuite implementation.
- Train purchasing, warehouse, and finance so your team owns it after go-live.
Identify the inventory capabilities you need before implementation.
Already on NetSuite?
Fix or extend what you have
- Add locations, bins, lot and serial traceability, or demand-based replenishment to an account that is running well.
- Clean up half-configured features: stale reorder points, drifting average costs, even inventory carrying a $0 value.
- Identify configuration gaps and the improvements worth prioritizing.
- Get item data clean before bins go on (enabling bins on 30,000 unreviewed item records is how you get a very long, very expensive cycle count).
- Rescue a go-live that left counts out of step with the general ledger
Find out whether to add Advanced Inventory or improve what you already have.
How you get it: the order of operations
2. Data preparation and inventory design
3. Sandbox configuration
4. Workflow testing and validation
5. Training and production go-live
6. Support and replenishment tuning
NetSuite inventory management pricing
There are two separate costs, and it helps to keep them separate.
Contact us to understand the module and services required for your operation, or get a near-instant ballpark from our pricing calculator.
Module license.
Advanced Inventory is an add-on to your NetSuite subscription. The price depends on your edition, users, and other modules.
Setup services.
A one-time project, scoped to your locations, your item data, and how much cleanup is involved.
NetSuite Advanced Inventory Management FAQs
No. Standard inventory management is included with the NetSuite platform. Advanced Inventory Management is a separately licensed add-on that adds demand-based replenishment and is the foundation for bins, lot and serial tracking, landed cost, Demand Planning, and NetSuite WMS.
Standard NetSuite inventory management tells you how many you have at each location. Advanced Inventory tells you which bin they are in, which lot or serial number they carry, what they really cost after freight and duty, and when to reorder based on demand.
Not automatically. Multi-Location Inventory, Bin Management, and Advanced Bin / Numbered Inventory Management are separate NetSuite features you enable and then configure for your locations and items. The Advanced Inventory module is built to work with them, and we set them up together.
No. Consigned Inventory Management, added in NetSuite 2026.1, tracks vendor-owned stock from receipt through sale. Oracle states it cannot be used with the Warehouse Management feature or the NetSuite WMS SuiteApp, cannot be enabled alongside the Assembly Items feature, and does not support manufacturing processes. Distributors without WMS should take a look. If you build or scan, it is not an option yet.
Yes. Oracle lists Advanced Inventory Management, Multi-Location Inventory, Bin Management, and Advanced Bin / Numbered Inventory Management among the features that must be enabled before Warehouse Management can be turned on.
Build the inventory setup your business needs next.
Starting with NetSuite or expanding what it can do? Let's identify the right inventory capabilities, configuration, and support for your operation.
Oracle NetSuite Alliance Partner
500+ clients · 300,000+ project hours
We like working ourselves out of a job, so the goal is a team that does not need to call us every time a stock level needs a nudge.
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If you’re not seeing the exact fit you need, no worries—we also build affordable custom solutions to fit your business, your workflows, and the way your team actually works.
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