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 Benefits
- Optimize Inventory Levels. Demand-based planning using historical demand, sales forecasts and seasonality ensures you have the right amount of stock.
- Boost Profitability. Managing inventory is more efficient and cost-effective with company-wide inventory visibility.
- Decrease Cost of Goods Sold. Intelligent fulfillment minimizes handling expenses and reduces shipping costs.
Challenges NetSuite Inventory Management Solves
- Manual Reporting. Inaccurate, time-consuming inventory reporting will be a problem of the past.
- Inefficient Utilization. No longer worry about having excess inventory in one location while another location is out of stock.
- Inaccurate Planning. Minimize the problems that result from poor planning, like stockouts, excess inventory, increased discounting, and write-offs.
- Excessive Handling. Eliminate unnecessary handling that increases the cost of goods sold (COGS).
- Lack of Visibility. Inability to track and trace a product from supplier to customer order will no longer be a concern.