The Supply Chain Control Tower in NetSuite is an advanced solution designed to help businesses effectively manage the complexities of modern supply chains. By leveraging real-time visibility, predictive insights, and actionable recommendations, the tool empowers businesses to proactively respond to supply chain challenges and optimize operational efficiency.
Go to Setup > Company > Enable Features > Items & Inventory > Supply Chain Control Tower
Key Features of Supply Chain Control Tower:
- Comprehensive Supply Chain Visibility: Offers a centralized view of the entire supply chain, including inventory levels, demand trends, supply orders, production schedules, and shipment statuses. Helps stakeholders identify bottlenecks, monitor key performance indicators (KPIs), and ensure alignment between supply and demand.
- Predictive Insights: Utilizes advanced analytics and historical data to forecast potential disruptions, such as supply shortages, production delays, or shifts in demand. Enables businesses to anticipate challenges and take preemptive action, minimizing the impact on operations.
- Actionable Recommendations: Provides intelligent suggestions to resolve supply chain issues, such as reordering inventory, adjusting production schedules, or rerouting shipments. These recommendations allow businesses to make data-driven decisions quickly and efficiently.
- Alerts and Notifications: Sends early warnings for late deliveries, production delays, excess inventory, or other potential risks. Alerts are customizable, ensuring stakeholders receive timely updates tailored to their specific needs.
- Real-Time Monitoring: Tracks supply chain activities as they happen, providing up-to-the-minute data for better decision-making. Integrates with other NetSuite modules, enabling seamless data sharing and enhanced operational coordination.
Go to Setup > Company > Enable Features > Analytics > Supply Chain Predicted Risks
The Supply Chain Predicted Risks feature in NetSuite uses predictive analytics and machine learning to identify potential disruptions or risks in the supply chain before they occur. Predicts risks such as supply shortages, late deliveries, or demand-supply mismatches by analyzing historical and real-time data. Sends automated alerts and notifications to stakeholders about potential risks. Offers recommendations for mitigating identified risks, such as adjusting order quantities or sourcing from alternate suppliers.
The Supply Chain Control Tower and Supply Chain Predicted Risks features are used for predicting and analyzing the inventory requirement as per the past and future orders.