Accounting and Financials
Inventory Management
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To keep costs low, ecommerce companies have to manage the flow of inventory, use resources to maximum advantage, as well as communicate effectively with customers. Through automated inventory management, companies can achieve each of those goals, enabling them to make smarter, timelier decisions.
NetSuite gives companies the visibility they need to track inventory effectively: where it is, where it has been, and where it is headed. As a result, purchasing managers can use that data to make better, more informed buying decisions. Additionally, with real-time inventory status, your employees can track any piece of data that impacts inventory, such as sales orders, transactions, quotes, adjustments and accounts payable. More importantly, the entire company will hold only the inventory it needs—no more and no less.
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- Track and display changes to inventory in real time. Ensure that changes are reflected automatically on your site, so that customers always receive accurate information.
- Check if items are out-of-stock or back-ordered instantly, enabling you to keep close watch on your inventory levels.
- Automatic inventory replenishment notifications help manage your stock better and lower your costs.
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- Personalize each customer's shopping experience by providing customized products and prices. You can even offer each customer different price levels and items.
- Offer volume discounts to encourage repeat business. Each item and each customer can have a distinct discount level.
- Remove out-of-stock or back-ordered items automatically from your site and inform customers of the status.
- Handle matrix items—various combinations of the same item—and assign different values for characteristics such as pricing, inventory status, and description. Enable your customers and sales representatives to identify item combinations more quickly.
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