NetSuite for Supply Chain Management: 7 Biggest Updates Which You Should Know

NetSuite for Supply Chain Management

Supply chain forms the backbone of any business: be it manufacturing, wholesale, or retail, a robust supply chain translates to an efficient and effective business model.

Although there are dozens of ERP solution providers globally, very few have actually dwelled deep into the inherent problems faced by the management in handling the supply chain.

But NetSuite is an exception here.

Utilizing their real and practical experience of managing business processes for thousands of global businesses, NetSuite has developed a robust, Cloud-based Supply Chain module, which focuses extensively on optimizing the global supply chain and inventory management of organizations all over the world.

NetSuite keeps on adding new capabilities and features into the Supply Chain module, to create a comprehensive system, which is not only flexible but also highly advanced and technology-driven for ensuring maximum ROI.

A good and dependable Supply Chain means happy customers, consistent revenues and less guesswork. And your business can ensure this outcome, by deploying NetSuite’s Supply Chain module, which is based on TrueCloud fundamentals.

Here are some of the biggest updates which have been incorporated into NetSuite’s Supply Chain module for the best results:

• NetSuite Warehouse Management System (WMS)

NetSuite has developed a powerful Warehouse Management System (WMS), which is incorporated into the Supply Chain module.

With WMS, the warehouse supervisors and the management can deploy cutting edge capabilities like real time inventory updates, wave management, cycle count planning, cartonization, and directly integrating warehouse data with shipping systems for seamless information flow.

• Inventory Status

Using NetSuite’s Supply Chain module, the management can have access to real-time inventory status, which can become the gamechanger for your business. Once you are aware of the exact position of the inventory at any given time, you can optimally manage procurement, shipping, and logistics, and stay ahead of the curve.

• Quality Management

Quality Management System or QMS is inherently embedded into the main Supply Chain module, because NetSuite understands that without quality, there are no happy customers.

Within the Supply Chain Control Tower, there is an ‘Execution Area’, wherein the floor supervisors and management can trace each and every product, and ensure that the quality is maintained in real-time. In case any product needs to be checked and monitored, the QMS system can be used with great efficiency.

• Supply Chain Snapshot

One of the most interesting new features in the Supply Chain Module is the Supply Chain Snapshot feature, which is available as part of the Supply Chain Control Tower. With this, the management can create rules for taking the snapshot of the inventory, warehouse and shipments out for delivery at a designated time period, which can be shared with the entire team automatically.

This means more control and more transparency in managing the entire supply chain.

• Automatic Location Assignment

Basically a part of the Order Management module, the Automatic Location Assignment feature has been now incorporated into the Supply Chain module. Automatic Location Assignment determines how to optimally fulfill an order, which is based on the inventory position, and the demand.

Using complex algorithms, NetSuite will ensure that your orders are fulfilled in a way that helps your business to save money, time, and resources.

• Cross-Subsidiary Fulfillment

With this feature, the location of the inventory, and the origin of the order doesn’t matter anymore. With Cross-Subsidiary Fulfillment feature, the organization can fulfill any order, originating from any source, and can be shipped to any location. The only condition is that, the product should be present in the inventory.

In a way, Cross-Subsidiary Fulfillment removes the geographical boundaries of Supply Chain management. A revolutionary concept.

• Engineering Change Orders

Handing changes and edits in the Supply Chain management becomes easy with Engineering Change Orders feature in NetSuite.

Users can request the changes, share them with the appropriate authorities, and then implement the same once approved, seamlessly.

If you need more insights and more details into NetSuite’s Supply Chain Management module, then Inspirria is right here to guide you.

We are an award-winning Oracle NetSuite Implementation Partner, having more than 15 years of experience in deploying Cloud computing.

You can initiate a free, no-obligation assessment of your business by our NetSuite Consultants, and take it forward from there.

Monday, January 25, 2021

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