NetSuite Advanced Inventory is a module designed for wholesale distribution and manufacturing companies looking to improve their warehousing operations and the planning of their inventory levels.
The Module includes:
Functions that enable the client to move to more sophisticated warehousing without needing to take the significant leap into a Full WMS implementation, with:
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- Advanced Bin Management with settings by Item/Warehouse for preferred and associated bins.
- Options to automate Bin Putaway.
- Simple Bin-to-Bin movement recording.
Linking of Serial/Lot Tracked inventory details with Bins
The setting of inventory levels is improved through the use of:
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- Safety Stock.
- Reorder Point.
- Preferred Inventory.
- Lead Time from Vendors.
These are constantly monitored against available stock and recommendations to place new Purchase or Work Orders are made.
The Module also provides a management tool for constantly updating these critical settings based on historical usage.
For importers, the module provides Landed Costing that allows the costs of acquisition to be added to the cost of the item itself.
AVT’s Innovations to Inventory Management
Working with a client who had multiple locations and many hundreds of items, AVT identified a number of limitations in the way NetSuite calculated the critical variables.
As a result, AVT developed a method for calculating these crucial indicators that address the limitations and that provides for a flexible basis for fine tuning the calculation.
This Webinar will discuss and demonstrate the warehousing and inventory management features of this module.