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Understanding NetSuite Advanced Inventory and its limitations – ARTWEB 06

Understanding NetSuite Advanced Inventory and its limitations

NetSuite Advanced Inventory is a module designed for wholesale distribution and manufacturing companies looking to improve their warehousing operations and the planning of their inventory levels.

The Module includes:
Functions that enable the client to move to more sophisticated warehousing without needing to take the significant leap into a Full WMS implementation, with:

    • Advanced Bin Management with settings by Item/Warehouse for preferred and associated bins.
    • Options to automate Bin Putaway.
    • Simple Bin-to-Bin movement recording.

Linking of Serial/Lot Tracked inventory details with Bins
The setting of inventory levels is improved through the use of:

    • Safety Stock.
    • Reorder Point.
    • Preferred Inventory.
    • Lead Time from Vendors.

These are constantly monitored against available stock and recommendations to place new Purchase or Work Orders are made.

The Module also provides a management tool for constantly updating these critical settings based on historical usage.

For importers, the module provides Landed Costing that allows the costs of acquisition to be added to the cost of the item itself.

AVT’s Innovations to Inventory Management

Working with a client who had multiple locations and many hundreds of items, AVT identified a number of limitations in the way NetSuite calculated the critical variables.

As a result, AVT developed a method for calculating these crucial indicators that address the limitations and that provides for a flexible basis for fine tuning the calculation.

This Webinar will discuss and demonstrate the warehousing and inventory management features of this module.

Presented by Absolute Vision Technologies NetSuite Senior Consultant, Ross Leahy on May 20, 2020

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  • Overall, the NetSuite Inventory Management Course has provided a useful guide on the operation and maintenance of the Inventory Management functions within Netsuite. After the training, participants are able to implement plans and policies to optimise the performance of Warehousing and Inventory assets. The layouts between Uniden’s current ERP system, which is Baan, and Netsuite are vastly different. However the underlying concept remains the same, all management elements are included. Users have the freedom to customize the settings on Netsuite to suit their needs.

    Justin Tong
    Justin Tong Service Manager and Product Development Manager, UNIDEN AUSTRALIA
  • Using AVT Training Courses our staff were able to understand NetSuite better which made the implementation easier, as we understood the system as it was being Configured. The AVT trainers were professional subject matter experts and the course was invaluable to our NetSuite implementation success.

    Mark Donnely
  • AVT's NetSuite Admin training course helped us to enable our NetSuite admins to understand the system which made them proficient in understanding the key administrative aspects of Netsuite to we can confidently administer changes with our system and drive business improvements.

    Chris Morgan
    Chris Morgan Operations Manager, STREET FURNITURE AUSTRALIA
  • The advantage of having classroom-type training is providing the opportunity to focus on the training materials without interruptions which is somewhat difficult when in the office doing the online training. Keeping it as a 1 on 1 or a couple of people in the course allowed it to follow at the trainees’ pace and still covering all course material, also the assignments were relevant to the material.

    Chris Vasiliou
    Chris Vasiliou Business Systems Administrator, STREET FURNITURE AUSTRALIA
  • The AVT NetSuite Inventory Management Training Course provided is easy to follow, questions are welcomed and discussed. The instructor delivered additional and useful information.

    Jin Lin
    Jin Lin Warehouse/Inventory Officer, UNIDEN AUSTRALIA
  • The NetSuite CRM Training Course instructor was able to relate to any questions and give answers that included real case scenarios!

    David Podger
    David Podger Sales Manager, FULTON INDUSTRIES AUSTRALIA
  • The finance training course provided the overall functionality of Netsuite. Our trainer, Ross also shares his knowledge and insight of best practice, and explain each question thoroughly with patience.

    Jessica Wong
    Jessica Wong Accountant, KEY PHARMACEUTICALS
  • I am full of praise for Ross Leahy – he took the time to understand our business and tailored his training to us

    Diane McDonald
    Diane McDonald Accountant, TASKA PROSTHETICS
  • Ross is great, takes the time to explain, explains the ‘why’ and has really good knowledge

    Simon Boyd

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