Oracle NetSuite’s Inventory Management provides a single, real-time view of inventory across all of an organization’s locations and sales channels. This allows organizations to reduce inventory on hand to free up cash while avoiding stock-outs.
In addition, NetSuite Inventory Management helps organizations keep inventory costs low while exceeding customer expectations by optimizing inventory levels and ensuring product availability across multiple channels.
Providing real-time, company-wide inventory visibility across all of an organization’s warehouses, retail locations, drop shippers, 3PLs, and other sites they manage or stock inventory allows users to fulfill customer orders from the most convenient facility.
But one key to this kind of inventory management is accurate inventory counts. To help organizations improve the highly challenging inventory count process, Oracle NetSuite has just announced NetSuite Smart Count.
NetSuite Smart Count is an inventory counting solution that enables organizations to improve the efficiency and accuracy of inventory management by automating inventory counts. It also allows those counts to be conducted live without freezing transactions and that minimizes the impact of inventory counts on other operations.
NetSuite Smart Count helps organizations improve decision-making by simplifying and automating inventory processes. It conducts inventory counts live without freezing transactions in the entire location, helping minimize interruptions that impact operations.
In addition, if there is any activity during the count, NetSuite Smart Count automatically will alert counters so they can react appropriately.
Featured NetSuite Smart Count capabilities include:
- Administrator Control —Helps organizations manage counts without disrupting sales by enabling administrators to choose what happens if the on-hand quantity changes for an item during the count process.
- Advanced Visibility — Helps organizations automate the count process by providing lists of items that need to be counted using predefined criteria, business rules and key drivers.
- Automated Recounts — Helps organizations minimize unnecessary replenishment by automatically triggering a count to check the accuracy of a given bin if the inventory level falls below the reorder point.
- Centralized Information — Helps organizations efficiently manage the cycle counting process by providing visibility into all the items due to be counted in a location.
- Mobile Access — Helps organizations increase count accuracy and minimize the time required to complete counts using a handheld mobile device and barcodes.
Gary Wiessinger, Senior VP, Product Management, Oracle NetSuite, says inventory counts are an important check-and-balance that ensure records are accurate, but without the right tools in place, they are often expensive, labor-intensive, and time-consuming to conduct.
“With NetSuite Smart Count, we are automating the entire process for our customers so that they can quickly and easily validate inventory records to help ensure inventory availability, optimize inventory levels, and return to doing what they love—running their business,” he says.
Embedded within NetSuite, NetSuite Smart Count is fully integrated with NetSuite Inventory Management to give organizations added efficiencies, greater control over their stock, and more flexibility when making financial and business decisions.
For more information about this new feature, read the latest NetSuite blog.
About Oracle NetSuite
For over 20 years, Oracle NetSuite has helped organizations grow, scale, and adapt to change. NetSuite provides an integrated system that includes financials / Enterprise Resource Planning (ERP), inventory management, HR, professional services automation, and omnichannel commerce, used by more than 31,000 customers in 217 countries and dependent territories.
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