7 NetSuite Modules For Turbocharged Warehouse and Supply Chain Management

NetSuite Supply Chain Management

Let’s admit it: Warehouse and Supply Chain management are tough, and it consumes a lot of time, money, and resources to streamline them.


Sample this: As per a McKinsey & Company report in 2019, organizations across the world spent £300 billion (approximately $385 billion) in order to manage warehouse management. 


Wherein companies lost a whopping $4 trillion due to disruptions caused in the supply chain due to Covid related issues, across the world. 


Imagine a world where the supply chain is not disrupted, due to any reason and warehouse management is optimized, streamlined, and productive for every company! Trillions of dollars can be saved, which can be utilized for optimizing business operations and generating more profits. 


And, we are not talking about fantasy here..


Oracle NetSuite, the world’s leading and fastest-growing Cloud-based ERP platform understands the issues and problems faced by organizations for supply chain and warehouse management. This is the reason they have introduced feature-loaded modules which empower organizations to optimize their warehouse and supply chain management and ensure higher ROI and more revenues. 


Here are 7 Oracle NetSuite modules related, which you should be aware:


Oracle NetSuite Warehouse Management System (WMS)


The WMS module from Oracle NetSuite is a one-stop destination for optimizing all aspects of warehouse management and enables the organization to increase labor productivity, improve order fill rates, enhance fulfillment accuracy, reduce handling time, and drastically enhance operational efficiency, all via a mobile app or tablet. With Oracle NetSuite WMS, organizations can deploy intelligent pick and pack processes, handheld barcode scanning, cycle counting, and seamless integration with shipping systems. 


Oracle NetSuite Procurement


Oracle NetSuite Procurement module can manage all aspects of the purchasing process by automating approval routing, enforcing active purchase agreements, tracking vendor performance, and also seamlessly integrating native transaction flows. 


With Procurement Dashboard, organizations can now have a 360-degree view of the entire procurement process and have full transparency and control.


Oracle NetSuite Demand Planning


With a highly efficient Oracle NetSuite Demand Planning module, businesses, especially those in manufacturing, wholesale and retail can calculate precise demand plans by leveraging historical sales data, market trends, and more. 


Besides, supply plans can be also automatically calculated, and the process of purchase or work orders can be fully automated based on predefined rules.


Oracle NetSuite Quality Management


Oracle NetSuite Quality Management removes guesswork and assumptions from checking the quality of the products/services and enables the organizations to deliver vetted, high-quality products with minimum overheads, irrespective of the size and complexity of the orders. 


With this module, businesses can formalize and standardize quality policies, standards, and practices, initiate quality checks from the business transaction level, and more.


Oracle NetSuite Work in Process (WIP) and Routings


With Oracle NetSuite Work in Process (WIP) and Routings module, businesses can: a) define routing for the manufacturing process, b) Resources needed for completing an order, and c) Calculate the expected cost and time needed to complete the order. This module forms the foundation for an infinite capacity scheduling engine for tracking and monitoring resources optimally. 


Oracle NetSuite Work Orders and Assemblies


The flexibility offered by Oracle NetSuite Work Orders and Assemblies module allows manufacturing companies to configure their existing Oracle NetSuite deployment, as per the different types and sizes of orders. This can be done by defining assembly items, multi-level bill of materials, customized work orders, record assembly builds, and backflush components.


Oracle NetSuite Advanced Manufacturing


Oracle NetSuite Advanced Manufacturing is a single, powerful, comprehensive module to ensure manufacturing excellence. By using this module, manufacturers can improve operational effectiveness, reduce the cost to produce, faster time to value, deploy variance management (compare actual to standard), and a lot more.

Schedule a no-obligation consulting session with our Oracle NetSuite Experts at Inspirria, and find out how we can optimize warehouse and supply chain management, and enable you to generate more ROI and more revenues. 

Monday, September 5, 2022

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