NetSuite App
NetSuite Physical Inventory Count
An Inventory Management Solution for NetSuite ERP
Inventory counting functionality is natively available in NetSuite. However, there are some limitations to what it can do. NetSuite Physical Inventory Count makes it easier to count regularly and flexibly in a real-world scenario, whether you have warehouses, storefronts, or a mix of both.
About NetSuite Physical Inventory Count
NetSuite Physical Inventory Count offers two different methods for counting inventory: using and uploading worksheets, or scanning items electronically. Take physical inventory in one location, or multiple locations simultaneously, leverage bins, set up count reminders, and more.
NetSuite Solution Features
- Configurable inventory count reminders
- Filters for locations and bins
- Inventory count worksheets are available
- Count with a Barcode Scanner, or Mobile Device Camera!
- Review discrepancies and post adjustments
- Review processed transactions
Business Use Cases
- Easily count inventory while operations function normally
- No need to shut down operations to do NetSuite's inventory count
- Easier counting enables you to count more frequently (count monthly or quarterly vs annually)
- Review processed inventory adjustment transactions
NetSuite Count Worksheets
NetSuite Inventory Count Saved Search
The Inventory worksheets provided by Physical Inventory Count are very simple sheets that can be exported as a CSV or Excel file, printed out, and allow you to start counting from there. The inventory worksheet is useful when you want to revalue inventory from the ground up, which is not something NetSuite's inventory count allows.
Best Way to Count Inventory in NetSuite
Count with a Barcode Scanner, or Mobile Device
There are no strict hardware requirements for using this solution to count inventory. A barcode scanner can facilitate this, but you don't need to purchase one if your business is not already using them. Inventory can be counted with just about any mobile device that has a camera! The solution has been custom-built for mobile devices with screens as small as three to five inches, allowing inventory to be counted using a tablet or phone.
NetSuite Count Records
Review NetSuite Inventory Count
The solution allows you to go in and review all the items that have been counted. You can look at every warehouse, or just one specific warehouse, and can also apply filters to look at specific items, bins, and departments. The counting feature automatically counts the total variance for the inventory count information you are viewing.
If you find an error in the count, you don't have to go in and reject the entire count and restart. The solution allows you to simply change the count for the individual item to the correct amount.
NetSuite Cycle Count
NetSuite Inventory Count Reminders
An inventory item can be set up with multiple locations, or with the count set up for each location.
If you set up count intervals, the Physical Inventory Count solution can be configured to send a reminder with the list of items that are due for counting. This is entirely configurable, allowing it to be sent to either a single warehouse manager or all warehouse managers. Or, you can send it to different people depending on the location.
NetSuite Inventory Count Report
Post NetSuite Inventory Count Adjustments
Physical Inventory Count enables you to view errors in transaction records, correct the physical quantity, and reprocess them.
Once you've reviewed an inventory count, there are multiple ways to post an inventory adjustment. Post one consolidated transaction for everything, or have separate transactions for each line. You can also either post an inventory adjustment or an inventory worksheet.
FAQs
NetSuite includes native inventory counting functionality, but this solution is designed to support more flexible real-world counting processes. It allows businesses to count with worksheets or scanners, count across multiple locations, use bins, configure reminders, review discrepancies, and correct individual count errors without restarting the entire count.
Yes. The solution is designed to let businesses perform inventory counts without necessarily shutting down normal operations, making it easier to count more frequently throughout the year.
Yes. Businesses can perform inventory counts by location and can review counts across multiple warehouses or focus on a specific location.
Yes. Because the counting process can be performed with worksheets, scanners, or mobile devices and does not necessarily require shutting down operations, businesses may be able to move from annual counts to monthly, quarterly, or other recurring count schedules.
Yes. The solution is customizable. Count workflows, filters, reminders, adjustment processes, locations, bins, and other requirements can be adapted to fit the organization's inventory management processes.
What’s next
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