[Cloud Goods Sharing] Oracle NetSuite Advanced Inventory Solution

Oracle NetSuite’s advanced inventory solutions offer a wide range of features to optimize inventory availability and levels. This enables businesses to keep inventory costs low while meeting customer delivery expectations.

01

Key Benefits

Let’s start with the key benefits:

Gain tighter control over the entire inventory lifecycle across multiple locations.

Reduce procurement, warehousing, shipping, and fulfillment costs.

Eliminate stockouts and speed up delivery, thereby improving customer satisfaction.

Continuously monitor and improve performance through real-time dashboards and analytics.

02

Solution Highlights

Demand-Driven Inventory Replenishment

Oracle NetSuite intelligently manages inventory replenishment to help ensure sufficient stock to support anticipated orders while keeping excess inventory to a minimum. The Oracle NetSuite Advanced Inventory Solution helps you:

Dynamically manage reorder points and priority inventory levels based on average lead times, historical or seasonal sales demand, and days of inventory on hand.

Reduce lead times with real-time alerts when inventory drops to predefined thresholds.

Avoid “out-of-stock” situations to maintain continuity.

▲  Manage inventory and make smarter decisions through real-time visualization.

03

Inventory Control

Feature Overview

Oracle NetSuite enhances inventory visibility through tracking and control capabilities, enabling you to manage every stage of the lifecycle and control costs. The Oracle NetSuite Advanced Inventory Solution offers the following features:

Store and sell similar products in various colors, sizes, and styles using matrix-based item management, and simplify SKU creation and pricing.

Allocate landed costs based on weight, value, or quantity.

Assign a serial number to each item to facilitate tracking of purchases and sales.

Assign a specific number to a group of items to track the group’s procurement, inventory, and sales.

Track the exact location of items within the warehouse.

Print barcodes and item labels, and include transaction numbers on sales orders, packing slips, and invoices.

Various forms of daily supply chain operations, including inventory lists, production allocation lists, and production shipments.

Conduct periodic inventory counts to calculate current item quantities anytime, anywhere.

Inventory Process Management

Oracle NetSuite uses automated workflows to streamline core processes and reduce the time and effort required for complex tasks. Oracle NetSuite’s advanced inventory solutions optimize operations by:

Issuing returns authorizations when warranty claims are approved for refunds, repairs, or replacement of defective products.

Providing picking, packing, and shipping management in high-volume order processing environments.