Oracle NetSuite
Inventory Management Cloud Service

NetSuite provides a comprehensive inventory management solution that enables businesses to monitor and control their inventory effectively. With NetSuite Advanced Inventory, companies can gain real-time visibility of their stock levels across multiple locations and channels. Additionally, the system includes various features to simplify inventory management, including matrix item management for similar products, landed cost allocation based on weight, value or quantity, serialized inventory to track items by assigning unique serial numbers, lot management to track item groups, and bin management to organize and track the exact location of items in stock.

Moreover, NetSuite’s inventory management solution provides printable barcodes and item labels with transaction numbers for sales orders, packing slips, and invoices. The system also includes various forms for running day-to-day supply chain operations such as inventory count sheets, manufacturing dispatch lists, and manufacturing travelers. Additionally, periodic inventory counts automatically calculate on-hand item quantities at any time and in any location.

NetSuite Smart Count allows companies to automate inventory cycle counting, taking inventory levels at the start of the count for each item. The system tracks all transactions during the count, and if there is any activity, NetSuite automatically alerts counters to react appropriately. This way, companies can streamline their inventory management processes, gain more visibility, and control costs effectively.