How to Ensure Inventory Control with NetSuite

With the appropriate internal and production controls, organizations can meet customer demand and delivers financial elasticity. And for successful inventory control, you need data from purchases, reorders, shipping, warehousing, storage, receiving, customer satisfaction, loss prevention and turnover. With NetSuite, you can see your warehouse and stock position clearly and can easily identify the inefficiencies. Real-time dashboards, KPIs and reports give you concise snapshots of your warehouse and inventory performance.

Key benefits of using NetSuite for inventory control

Reduce costs and increase efficiency – With comprehensive procurement, fulfilment and inventory management, NetSuite enables you to record, analyse and report on your inventory while managing your stock position and cost. With NetSuite, you can reduce inventory management costs by 15-30% and cut order-to-cash cycles by 50% or more.

Take Control of your Inventory – With NetSuite, you can save both time and money. Apart from streamlining your warehouse and optimizing inventory levels, NetSuite delivers in-depth, real-time view into your inventory and business performance.

Achieve faster stock turnover – With common database for accounting and CRM, NetSuite delivers you accurate inventory to sales ratios and real-time insights into optimal stock levels. With this, you can turn inventory more quickly without disrupting order fulfilment, reducing cash tied up in slow moving stock and obsolescence. You can quickly adapt your inventory levels and costs to meet seasonal demand planning needs with NetSuite while ensuring better fulfilment of orders during periods of high stock movement.

Track every inventory transaction – NetSuite captures inventory transaction in real-time, helping you to understand, control and optimise essential processes like sales response, stock control, Customer order management, notification, Customer service, Financial, stock planning&Profitability analysis.

Manage multiple warehouses with ease – With multi-location inventory functionality, NetSuite allows you to manage multiple warehouses and distribution centres. With up-to-date information about the location of your inventory, you get clear view of stock levels and commitments. You can also easily record inventory movements between centres.

Centralize purchasing processes and automate re-ordering – NetSuite helps in automating re-ordering of stock when levels reach pre-determined minimum quantities while eliminating the need of time-consuming manual tasks such as monitoring quantities on-hand and generating purchase orders. NetSuite also reduces the risk of oversights and delays to improve efficiency and reduce costs.

Automate landed costs – NetSuite automates landed costs calculations and adjusts the inventory asset value. Using landed costs, you can have confidence in the accuracy of your total cost of goods sold (COGS) and inventory valuations – and in the accuracy of your profitability analysis against each sale.

How can we help you?

If you are looking for professional NetSuite Consulting Services in California, feel free to contact us. As leading NetSuite Consulting Partners in California, we can help you with implementation, customization, integration, & support.

You Can Revamp Your Inventory Management By Sending An Email To info@inoday.com