NetSuite inventory management software offers a complete set of inventory management, manufacturing, and purchasing capabilities that improves supply chain management and delivers an end-to-end procure-to-pay process. It is used by over 16,000 organizations worldwide.
Gain an in-depth, real-time view into key supplier, inventory and procurement indicators. Self-service capabilities for partners, vendors and customers improve collaboration throughout the entire supply chain. With NetSuite, you'll be able to better manage inventory levels and costs—and better meet fulfillment expectations, improving customer service.
It just made everything faster and more efficient. Purchase Orders, Invoices, reports could all be done electronically and without much effort. There was a system log to hold people accountable. Anything late, altered, changed, etc could be seen and noted(date, person, and time down to the second). Departments no longer had to wait for a meeting to know their budgets. They could log in and see the numbers in real time. The customer service team always responded fast and helped me with the problems I had. We could also store invoices and check copies onto their secured server. So basically this helped the office become more efficient while going green.
That it is cloud based. This helped me solve a lot of problems when I was not physically in my office. If I was sick, on vacation, or away from the office at night I could still answer questions. I didn't need to drive in and log into the software that was on the company server.
There is a lot to the system. While it can most likely do everything you need it to, there is also a learning curb that comes with it. Some of it can be self taught, while others can be covered via a youtube video. For other issues you need help on you would need to contact the customer service team. So basically the thing I liked least was that there is so much that sometimes it is hard to find what you need.
NetSuite is great overall. We have reliable numbers and the ability to create a search or report to facilitate data analysis. We have been able to automate a lot of processes (expenses, amortization, sales tax) and the interface is generally user-friendly.
NetSuite is scalable. I've used NetSuite at a company that was doing $200M+ in revenue and a company that is at $60M in revenue. I also really enjoy that NetSuite can be almost completely customized to your industry and business. NetSuite provides for a lot of automation of processes that Quickbooks cannot handle. It is also a better source of record-keeping as everything is somewhat seamlessly connected.
The batch upload of journal entries/transactions and upload in general is extremely useful and saves so much time.
My previous company used the Fixed Asset Module which was great for record keeping and for systematically recording amortization on a monthly basis. This was also extremely useful to ensure that our policy was uploaded as the amortization rule set, reducing errors in the amount of amortization per asset. The ability to report on the total assets and have their history in one spot proved useful for our audit.
Currently, we are implementing rules for 606 and the multi-book and ARM add-ons have proven very useful for our reporting purposes. I really enjoy NetSuite's use of rules for transactions as they can vary from company to company and item sku to item sku.
I love the saved search function too! So much flexibility for creating reports helps us create reports for month-end reconciliation purposes.
SuiteAnswers has a terrible algorithm for their search bar. The system is also not as intuitive as others since the actual home screen itself is customized by role. We have also run into the need for an consultant/more technical administrator to provide working scripts for some of our reporting. People with NetSuite should not expect the system to do everything perfectly, sadly the call center is far less helpful than the US-based consultants at NetSuite. However, you can always escalate to your sales rep.
Our solution is hosted and at times runs slower than I would prefer. I wonder if there is a way to increase the speed at which we can click through multiple cells or post a large amount of journal entries.
We were able to have a single source of truth for our customer, vendor lists, for inventory, and for financials. Once our system was implemented, gaps analyzed and filled, and users trained, NetSuite has been an effective platform for our business.
NetSuite is an extremely powerful and inclusive package of applications that are extremely well-integrated.
For SMBs who've outgrown Quickbooks or other "smaller" accounting packages, it's a major improvement.
For manufacturing concerns looking to gain more traction and control over their processes, it is far beyond what lower-priced ERP systems provide. Again, it us a major improvement.
NetSuite is extremely extensible through external interfaces, 3rd party add-ons, internal scripting and through customizations.
Implemented correctly, it is relatively fast, and with its browser-based interface, there are no client issues and never any need for IT to upgrade a client version on every workstation because a new feature-set has been implemented.
It's CRM is adequate, useful, and given NetSuite's signature internal integration, it is easy to implement an effective lead-to-cash system.
The ecosystem also has multiple vendors who sell integration services, for example, there are a number of SalesForce to Netsuite integration partners who can (relatively) quickly connect the two systems. On the backside, the same is true of many popular shipping, warehouse management and other packages. Or, you can roll your own JSON connectivity.
NetSuite is not easily deployed, and requires expertise to get things mostly right the first time. They address this in their ecosystem by encouraging customers to work with NetSuite partners -- VAR firms that have undergone certifications -- to deploy the system.
There is a steep learning curve, even for system analysts familiar with other ERP, CRM and web commerce platforms.
There is a saying in the NetSuite community that is very true: "you can do anything with NetSuite, but it is going to cost you." Those costs may be development hours for internal developers, fees paid to partners, license costs for addons and integrations, etc. etc. Count on it with any major NS effort.
NetSuite is usually quite reliable, but it can and will "get slow" from time to time, and there are infrequent outages that can last a few minutes to an hour or more. These never come at a good time (is there ever a good time?) and getting information regarding status of repairs can be frustrating.
Free advice: vett your NetSuite partner carefully, and make sure that they can and will provide effective ongoing support. Some firms are better than others at this, and it is a good question to ask references before you hire anyone.
Plan on your implementation taking longer than you expect. This is true with most ERP implementations, NetSuite included.
Support from the company itself can be an exercise in frustration, but persistence and insistence can really help.
- multi tennancy
- multi currency
- multi language
absolute flexibilty / release secure customisation
ALL in ONE product for ALL industries *** real/public CLOUD
- recurring billing
- bank reconciliation
- credit card statement import
- LEAD to CASH process
- PROCUREMENT to PAY process
ALL RELEASE SECURE
- 2 x major release changes per year
- since ~20 years
- for 15000 "logos" = 40000+ clients
HUNDREDS of PARTNERS worldwide
Customer does not need a special expertise to use NetSuite. An internal NetSuite admin can be trained - she/he needs to have some ERP-economical background through - sure.
interface / API / development plattform "in the cloud"
Whatever is not fully included so far can be "attached" e.g.
- no ERP with accounting on earth has an HR product fully integrated that can cover the same amount of counties as expected from the accounting side of view. Too many regulations.
same with PAYROLE
- the BI requirements are too diversified that 1 product can cover all. Eithger the internal NetSuite tools will do the job or you attach whatever suits best
- NetSuite has kind of a "simple" webshop and a SUPER DUPER webshop named SCA = SuiteCommerce Advance that can do everything you need.
Rule of thumb with pricing: probably a 5th to a 10th of the price of DEMANDWARE or HYBRIS but INCLUDING webdesign AND fully integrated REAL TIME solution
Maybe performance - does not apply in all countries and is very dependant on the amount of individual scripting/programming in the individual system. This can be monitored and maintenanced but still needs to be done.
Not as "chique" as "best of bread" solutions
The overall ERP problem: make users in their various roles aware of all the options they have ... in most case an internal problem which of course refelcts to supporting professional providersevice
Before NetSuite, we were split between separate programs, NetSuite allowed us to do all business in one program - customer service, order processing, inventory, purchasing, shipping, accounting. It is able to integrate with many other programs, allowing for (mostly) seamless order sync'ing and live inventory levels. Essential with a company selling wholesale, retail and a direct to consumer website.
- great reporting and searching tools
- combines all company needs - customer records, transactions, accounting, inventory
- easy to integrate with most major programs
- highly customize-able
- easy to assign "roles" to employees to only access what they need in their positions
- mostly easy to use and informative help section
- searching and reporting can be tricky with label names differing
- expensive to start, maintain and update
- quirks that shouldn't be an issue - like applying credit memos to sales orders
$499 base per month + $99 per user per month.
- Get complete real-time visibility into demand, supply, costs and fulfillment measures and trends
- Manage margins with a clear view into inventory costs, turn rates and inventory profitability
- Eliminate manual inventory management processes and improve vendor satisfaction with a seamless procure-to-pay process
- Significantly improve your relationships with suppliers, vendors and partners by providing self service and real-time visibility
- Effectively and efficiently meet customer demand, helping drive and maintain superior customer service levels
- Meet your industry's specific inventory management and purchasing needs with easily integrated add-on solutions available from SuiteApp.com.
One of the most popular features in NetSuite’s cloud-based ERP software suite is the company’s inventory management platform. NetSuite Inventory Management gives distributors control over their inventory across multiple locations and significantly decreases the costs typically associated with order procurement, warehousing, shipping, and fulfillment.
Rather than relying on paper-based purchasing tools, NetSuite Inventory Management offers a cloud-based solution that can lower costs and streamline the distribution process.
Key performance indicators like shipping costs and delivery performance are easy to track when businesses use NetSuite Inventory Management, thanks in large part to the platform’s continuous monitoring of real-time data. As a result of using NetSuite Inventory Management, organizations are better able to calculate lead-time and reordering points based on historical and seasonal demand. They’re also able to streamline the shipping process and improve customer satisfaction overall.
NetSuite Inventory Management offers many of the features that distributors have come to expect from cloud-based inventory management platforms — along with a host of add-on benefits that push the system over-the-top. Syncing NetSuite Inventory Management with other business apps allows distributors to take advantage of a number of key features, including demand-based inventory replenishment, bin management, margin management, and serial and lot tracking.
NetSuite Inventory Management also offers support for matrix items. This means that distributors can manage different combinations of items in a single matrix, leading to simplified pricing and more straightforward description management. Having support for matrix items makes it easier for salespeople to identify specific item combinations for customers, based on size, color, and many other unique factors.
The other real benefit to using NetSuite Inventory Management over traditional paper-based inventory management methods involves time. Managing inventory with NetSuite Inventory Management saves distributors hours of work each week. NetSuite Inventory Management facilitates this by eliminating data entry and automating many of the tasks that are typically associated with order fulfillment. For example, NetSuite Inventory Management converts leads into orders, and orders into shipments, without the business owner having to lift a finger. This type of very advanced automation technique is one of the features that NetSuite Inventory Management uses to stand apart from competitors in its industry.
Review your inventory management dashboard each morning to get a complete look at where your business currently stands. NetSuite Inventory Management’s role based dashboard includes information about the top five inventory sales and other key performance indicators for the current time period.
Plan for future supply issues by taking a look at the demand history. NetSuite Inventory Management shows you the demand history by item. For example, a retailer can see exactly how many mittens or hats he sold during each month of the past year. He can then use this data when making supply orders in the future.
Not only can distributors calculate item demand on a seasonal basis, but they can also configure their NetSuite Inventory Management accounts to show item demand on a per-location basis. Projection methods and projection intervals help to refine this data even further.
Create proposed purchase orders and select the specific items you need. NetSuite Inventory Management automatically derives the correct plan based on quantity, creates the purchase order, and submits it to the vendor via email, fax, or print copy. Managers can add specific rules to NetSuite Inventory Management to ensure appropriate approval has been obtained before purchase orders are sent to suppliers.
Prebuilt integrations with UPS, FedEx, and USPS allow NetSuite Inventory Management users to streamline their shipping processes.
Pricing for NetSuite Inventory Management starts at $99 per month. Subscription plans start at a base price of $499 per month, plus $99 per user, per month.
Below are some frequently asked questions for NetSuite Inventory Management.
NetSuite Inventory Management offers the following pricing plans:
Starting from: US$99,00/month
Pricing model: Subscription
Free Trial: Not Available
$499 base per month + $99 per user per month.
NetSuite Inventory Management offers the following features:
NetSuite Inventory Management has the following typical customers:
Freelancers, Large Enterprises, Mid Size Business, Small Business
NetSuite Inventory Management supports the following languages:
Chinese (Traditional), Danish, Dutch, English, French, German, Indonesian, Italian, Japanese, Korean, Portuguese, Russian, Spanish, Swedish, Taiwanese, Thai
NetSuite Inventory Management has the following pricing plans:
We do not have any information about what devices NetSuite Inventory Management supports
NetSuite Inventory Management integrates with the following applications:
NetSuite CRM+, NetSuite OneWorld, NetSuite SuiteCommerce, Pepperi, Phocas, Workato
NetSuite Inventory Management offers the following support options:
FAQs, Knowledge Base, Online Support, Phone Support, Video Tutorials