INVENTORY MANAGEMENT FEATURES: 

Bin Management: NetSuite lets you ship orders to your customers more efficiently by organizing your warehouse using bins, to track the exact location of items in stock. Employees will be able to pick and fulfill orders faster when they know exactly where to go for the items they need. Each item may be stored in multiple bins, and different items can be stored in the same bin. Using bins will also help streamline the re-stocking process, by generating a put-away list for goods received but still in the loading area. You can use bins to organize a single warehouse or multiple warehouses, when using the Multi-Location Inventory feature.

Landed Cost: Maximizing profit margin is key to the success of wholesalers and distributors. To more accurately calculate profit, particular for importers, expenses like shipping or duty must be added to material costs to calculate landed cost. NetSuite makes it easy to track landed cost, by allowing you to allocate expenses to inventory receipts according to weight, value, or quantity. These allocated costs become part of the item's asset value. Then, when you sell, landed cost is used as the basis for cost of goods sold, and your inventory profitability report will compare revenue to landed cost rather than material cost.

Demand Based Inventory Replenishment: NetSuite provides intelligent control over inventory replenishment, helping ensure that you have enough on hand to fill anticipated orders, but keep excess stock to a minimum. 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. You can always override or disable these calculations for individual items, to handle atypical circumstances. You set up the rules, NetSuite runs the numbers; the end result is a dynamic ordering queue, where you can order all your inventory items with one click and get what you need, when you need it.

Customer and Volume Pricing: With NetSuite's inventory management software solution, you can assign different prices for different types of customers. You can also assign different prices for wholesale, retail or online sales.