Inventory Management
Reorder Level Reporting & Demand-based Inventory Replenishment
|
 |
|
When you see your inventory down to the last unit, you know exactly what you're selling and how much. But how can you have that level of visibility unless your inventory management system is dynamic, integrated, streamlined and seamless?
Many wholesale distributors have traditionally battled that very problem. No more, as NetSuite wholesale distribution software offers an innovative solution that delivers re-order level reporting.
With NetSuite Wholesale/Distribution Edition software, you simply create a preferred stock level and re-order point for each item, and NetSuite does the rest. The system will provide a list of items at, or below, the re-order point and suggest the quantity to order (based on your preferred stock level and any open back orders). With just one click, you can generate purchase orders for all items that need replenishment. Consequently, you can keep inventory at ideal levels, save money and accelerate delivery times.
With NetSuite's demand-based inventory replenishment you can automatically adjusts for seasonal trends and ensures stock on hand. Based on sales history and inventory reorder points, reorder levels can be dynamically calculated, based on historical sales or seasonal demand. Average lead time, historical or seasonal-based sales demand, and number of days' supply to stock are used to dynamically set reorder point and preferred stock level for each item, on an ongoing basis so there will always be stock on hand but ordered just-in-time
|
- Know instantly when stock levels are below pre-designated levels, so that your buyers can begin replenishing inventory at a moment's notice.
- In addition to improving in-stock inventory, NetSuite software for wholesale distributors also cuts costs in your distribution center, because now the warehouse is operating with better, more accurate inventory data.
- Eliminate "stock-outs" once and for all by ensuring your inventory never becomes depleted, resulting in higher customer satisfaction and long-term loyalty.
- By tracking inventory at multiple warehouses, you can ensure you'll have the products your customers need at the exact location that provides the fastest turnaround time. You also reduce your handling and inventory investment, while maintaining your target goals for complete shipments to customers.
|
|
|
|
- The system constantly monitors your re-order levels against real-time inventory on hand. You can also adjust re-order points as needed.
- Special order notification enables you to link purchase orders (POs) to customer sales orders, letting you fulfill rush orders, special orders, or any order that occurs outside the normal business flow.
- Manage inventory in multiple locations. As you enter purchase and sales transactions, you can choose the warehouse location that will receive or fulfill the order. Inventory reports allow you to view information about your total inventory on hand, or just the inventory level at a specific location.
- Auto-create POs and transmit them to vendors, resulting in faster turnaround time.
- With support for multi-warehouse inventory, you can either centralize and/or have regional warehouses, enabling you to reduce inventory levels while high maintaining customer service.
- Integration with NetSuite Web Store provides you real-time inventory visibility across your various sales channels.
|
|
|
|
