Smart businesses understand that controlling inventory, fulfillment and shipping costs is essential for success. Companies are constantly striving to improve their warehouse operations by increasing agility, visibility and labor efficiency. This requires use of best practices combined with a sophisticated Warehouse Management System (WMS) that optimally manages all resources within the distribution operations while minimizing the total cost of operation or ownership (TCO).
Managing and coordinating the efficient transportation, receipt and storage of inbound inventory is critical to the success of your business. NetSuite offers native dashboards targeted at managing everything from expediting outstanding orders to container management and scheduling specific receipt dates. Once received, ensure the products meet your requirements by performing inspections and tracking vendor quality. Advanced WMS enhances the process with rf handhelds, barcode labeling, directed put-away, resource management and labor productivity reporting.
Whether you’re a manufacturer or distributor, your customer doesn’t care what it takes to get their product on time and many retailers are quick to apply penalties, delay payment and even de-list suppliers for sub-optimal performance. NetSuite combats this with completely integrated manufacturing, inventory and warehouse management solutions that are uniquely designed to work together and ensure a smooth flow from your production line and warehouse to your customer’s dock with automated material flows, quality checks and warehouse operations.
There are many elements that go into inventory management. The bottom line is that you need to make sure you have just enough inventory on hand and in the right locations to meet demand, whether that demand is to meet your customers’ service level expectations or to supply a work order in your manufacturing facility. NetSuite offers native tools and features that help make this happen including tracking inventory in multiple locations, safety stock, re-order points, cycle counts, demand planning and distribution requirements planning.
NetSuite’s Advanced WMS solution is built on the NetSuite platform, enabling it to interact seamlessly with all of your existing functionality. Built on top of the multi-location inventory module, it adds all of the warehouse-specific parameters that you need to define and configure in order to optimize where you store inventory. Additionally, NetSuite’s Advanced WMS is capable of working with NetSuite Advanced Manufacturing to move materials to and from production.