Managing inventory across multiple locations in NetSuite requires proper setup and consistent processes to ensure accurate stock visibility, fulfillment efficiency, and cost control. Start by enabling Multi-Location Inventory in your account under Setup > Company > Enable Features > Items & Inventory. Then, define each location clearly in Setup > Company > Locations, assigning attributes like address, type (warehouse, retail, etc.), and relevant subsidiaries (in OneWorld accounts). It’s crucial to assign inventory to specific locations within item records to track quantities accurately and prevent stockouts or overstocking.
To optimize operations, use Transfer Orders for inter-location movements instead of manual adjustments. This maintains audit trails and allows in-transit tracking. Leverage Reorder Points and Preferred Stock Levels per location to automate replenishment using demand-based data. SuiteAnalytics or saved searches can help monitor trends like slow-moving stock or backorders by location. Lastly, ensure teams are trained on location-specific fulfillment workflows, and use role-based dashboards to provide warehouse managers and inventory planners with real-time insights into stock levels, orders, and performance. This helps streamline decision-making and improve overall inventory health across all locations.