What Is NetSuite Advanced Inventory Management?
- NetSuite Advanced Inventory Management automates demand-based inventory replenishment using historical sales data to calculate reorder points, preferred stock levels, and lead times.
It provides multi-location inventory tracking, lot and serial number management, matrix item support, bin management, and barcode/RF scanning capabilities.
Advanced Inventory uses weekly calculations to analyze demand patterns and automatically adjust replenishment parameters, helping businesses maintain optimal inventory levels while minimizing carrying costs.
NetSuite OneWorld Features
Auto-calculate reorder points and preferred stock levels based on historical sales, lead times, and safety stock. No more guessing when to order.
Real-time visibility of items across all locations. Track transfers, allocations, and availability by warehouse, store, or distribution center.
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Track purchases and sales by lot number or serial number. Handle recalls, warranty claims, and expiration dates accurately.
Set safety stock levels in days or units by location. Buffer against demand spikes and supply delays without overbuying.
Manage similar products in various colors, sizes, and style combinations. Simplify SKU creation and pricing for product variants.
Organize and track exact warehouse locations. Optimize picking paths and reduce time finding items.
Automate cycle counting with real-time inventory level tracking. System alerts counters when transactions occur during counts.
Print barcodes for items, bins, and transactions. Enable mobile warehouse operations with RF scanning.
How Much Does NetSuite Advanced Inventory Cost?
- Advanced Inventory is available as an add-on module to NetSuite ERP. But the real cost isn't the license.
It's the carrying cost of excess inventory, the lost sales from stockouts, and the time your team spends manually managing reorder points in spreadsheets.
Why Choose Stockton10?
Challenges NetSuite Advanced Inventory Solves
- Stockouts and overstock in NetSuite
- Inaccurate on-hand inventory
- Manual spreadsheets for inventory planning
- Difficulty managing multi-location stock
- No demand-based replenishment
- Can't track lot or serial numbers
Hear it from your peers
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NetSuite Advanced Inventory Management FAQs
Advanced Inventory adds demand-based replenishment, multi-location tracking, lot/serial management, bin management, and barcode scanning to NetSuite. It auto-calculates reorder points and preferred stock levels based on historical demand.
Implement Advanced Inventory for cycle counting automation, bin management to track exact locations, lot/serial tracking for item-level visibility, and barcode scanning to eliminate manual data entry errors.
Advanced Inventory runs calculations weekly (configurable day/time). You can also trigger calculations manually. Calculations use historical demand data based on your configured analysis interval.
Advanced Inventory enhances multi-location inventory with demand-based replenishment per location, location-specific lead times and safety stock, and advanced allocation capabilities. Basic multi-location inventory is available without Advanced Inventory.
Advanced Inventory assigns lot numbers to groups of items or serial numbers to individual items. Track purchases, stock movements, and sales by lot or serial for recalls, warranty claims, and expiration management.
Yes. We monitor calculation accuracy, tune replenishment parameters as your business changes, optimize safety stock levels, and ensure multi-location settings stay current as operations evolve.
Are Your Reorder Points Still Accurate?
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