NetSuite Inventory Management Pricing, Features, Reviews & Comparison of Alternatives

NetSuite Inventory Management Reviews

NetSuite Inventory Management

Manage inventory automatically with NetSuite

3.96/5 (68 reviews)
533,881

NetSuite Inventory Management overview

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.
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Pricing

Starting from
$99/month
Pricing options
Subscription
Value for money
View Pricing Plans

Devices

Business size

S
M
L

Markets

United States, Asia, Australia, Canada, China and 6 other markets, Europe, Germany, Japan, Latin America, Middle-East and Africa, United Kingdom

Supported languages

Chinese (Traditional), Danish, Dutch, English, French and 11 other languages, German, Indonesian, Italian, Japanese, Korean, Portuguese, Russian, Spanish, Swedish, Taiwanese, Thai
NetSuite Inventory Management screenshot: Netsuite Inventory ManagementValutek Overhauls Demand PlanningNetSuite Inventory Management screenshot: Netsuite Inventory Management - AlertsNetSuite Inventory Management screenshot: Netsuite Inventory Management

NetSuite Inventory Management reviews

Value for money
Features
Ease of use
Customer support
  3.6
  3.9
  3.5
  3.4
Anonymous
Anonymous Reviewer

After you climb a steep learning curve, NetSuite is incredibly powerful.

Used daily for 2+ years
Reviewed 2018-01-09
Review Source: Capterra

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.

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Martin Kalkuhl

a NetSuite view from the perspective of a user and partner

Used daily for 2+ years
Reviewed 2017-11-07
Review Source

multi anything: - multi tennancy - multi currency - multi language absolute flexibilty / release secure customisation ALL in ONE product for ALL industries *** real/public CLOUD - Accounting - financials - controlling - reporting - KPIs Billing - recurring billing Payments - SEPA - bank reconciliation - credit card statement import - ERP - LEAD to CASH process - PROCUREMENT to PAY process - inventory Project management eCommerce 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. global HR - 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 and BI - 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 and eCommerce - 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

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Anonymous
Anonymous Reviewer

Full Featured Cloud Based Solution

Reviewed 2016-02-25
Review Source

Our company performed a lengthy evaluation of ERP solutions to move to in order to enhance our capabilities and support our expanding business. NetSuite offered the most robust cloud solution at the lowest price (best value solution). We are an import/export wholesale distributor with the need for multi-company, multi-currency capabilities. We have five separate legal entities with three primary operating entities and use public warehousing (more than 15 locations), so being able to report on an individual and consolidated basis was essential. Despite these needs, we are a small company in terms of employees (less than 25). NetSuite's OneWorld product was key to meeting our needs and as a cloud based solution we can maintain with limited staff. As the Controller I am the main administrator of our NetSuite solution, with no IT staff. NetSuite has delivered on their promise, providing a robust solution that provides a full-featured dashboard to monitor key performance indicators, easy secure access from anywhere, mobile capabilities, robust reporting capabilities and very customizable to meet business needs.Easy to use. Can be set-up and running in a short time-frame (90 to 120 days). Good, proven implementation method that essentially is done with remote support via web-ex sessions. Full featured dashboard with short-cuts Email alerts to keep you informed of key data changes or approvals needed Web storefront Very easy to customize or configure to meet your business needs Robust reporting Easy navigation with short-cuts and global (Google) type search capabilities for finding transactions, communications, customer, vendor or employee records. Always updated to latest version (version updates twice year) Can fully support with no IT staff, making use of NetSuite support as needed, however, most questions and issues can be resolved by using NetSuite's SuiteAnswers self-service solution area and extensive online help that is part of the ERP system. Great online training tools

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Anonymous
Anonymous Reviewer

Too Complicated for Daily Use

Reviewed 2015-07-09
Review Source

Netsuite was chosen by our company around 9 months ago and has been in use since January 2015. Implementation was long process and was expensive. Costs include the purchase of main licence, an expensive per-person licence, paying a consulting firm to run the implementation project and having a dedicated in-house employee as "admin" to support the other users. Netsuite has brought some great changes to our company and improved our record keeping hugely. It has also brought transparency to many of the processes and highlighted bottlenecks. There are many downsides however, we have run into a plethora of technical problems with logic and programming along the way, while error messages abound (much to the annoyance and over-work of the consultant's team). All of the glitches have been worked out and customer service from the NS themselves has been extremely fast and professional. Adding to the downsides, Netsuite is probably the LEAST intuitive system I have used since the 90s. It really seems like it is stuck in the past. There are hardly any icons, no drag and drop and navigation is inconsistent. Additionally, as a general manager, I need to extract information and data quickly and easily, but I cannot. Every time I want to extract data I have to go to our in-house admin for her to "write a search" in a logic/language that took her months to learn. Nobody else has time to learn that, so nobody else can do it. To my knowledge, NS has poor graphing capabilities and is very rigid in that I cannot easily change the way data is displayed once it is graphed. Usually, if I want data and I have not got time to wait for the admin to write the search pattern for me, I just export a large amount of data with a predefined/standard search and filter it and graph it with Excel - but this always begs the question, why are we paying through the nose for a program (NS) that is so difficult to use that it forces me to use another program (Excel) to make up for its inadequacies? I could go on with the downsides of how unusable it is from a manger's point of view - there is a lot to say, but I think you get the picture. The biggest downfall of Netsuite for me is that it is so hard to use that staff really do not want to use it. This is particularly evident in the sales department. They will only really use it for what they really have to use it for: making quotes, so we lose out. Customer data does not get sufficiently recorded, project details are lacking, contacts are hard to look up, customer account history is never recorded (we can't even find the field to put that in). Other systems we used before, e.g. Zoho CRM, Pipedrive and even Excel, are easy to use and therefore get used by the staff. A system such as Netsuite might have a beautifully coded backend, but if it discourages use through extreme user-unfriendliness, it becomes an almost useless system. Solid back end Keeps excellent and accurate records that are easily audited Brings transparency to processes

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Patrick Moran

Upgraded from old ERP system to Netsuite. Took 6 months to cut over to Netsuite and go live.

Used daily for 2+ years
Reviewed 2017-08-22
Review Source: Capterra

Went from software that was designed in 90s to a always up to date top of the line software. Netsuite was the best choice for for we needed to do. it had the ERP side as well as the CRM aspect. In time, if we grew, we could add on the warehouse management module.The software has a very modern layout, if you have been on a website like facebook, and can use their top tab navigation, then you will be pleased with Netsuite. The program is cloud based, which is get for mobile use. If you can pull up the website, and have a decent size screen, then you get the full experience. Never have to worry about the hardware crashing, with the built in redundancy and backup.

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NetSuite Inventory Management pricing

Starting from
$99/month
Pricing options
Subscription
View Pricing Plans

$499 base per month + $99 per user per month.

NetSuite Inventory Management features

API
Inventory Tracking
Projections
Real Time Data
Workflow Management

Activity Dashboard (206 other apps)
Auditing (168 other apps)
Automatic Notifications (226 other apps)
Barcode Scanning (119 other apps)
Billing & Invoicing (120 other apps)
Compliance Management (136 other apps)
Customizable Reporting (183 other apps)
Data Import/Export (128 other apps)
Document Storage (127 other apps)
Invoices (187 other apps)
Monitoring (135 other apps)
Real Time Reporting (126 other apps)
Receiving (120 other apps)
Reporting & Statistics (124 other apps)
Third Party Integration (151 other apps)

Security and privacy

Encryption

Encryption of sensitive data at rest
HTTPS for all pages

Access control

Multi-factor authentication options

Data policy

Data backup in multiple locations/GEO regions
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Category Leaders ranking

Reviews
Integrations
Mobile
Media
Security

#1 in Inventory Management

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20
20

GetApp’s ranking highlights the top 25 apps in different categories on GetApp. If an app is listed in more than one category, it has the potential to be ranked in each of these categories. The ranking is independent of any commercial campaign an app vendor has with GetApp. The ranking is based on 5 data points, each scored out of 20: reviews, integrations, mobile apps, media presence, and security.

NetSuite Inventory Management also features in these categories:

GetApp Analysis

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.


What is NetSuite Inventory Management?

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.


Who is NetSuite Inventory Management for?

Businesses that use NetSuite Inventory Management in conjunction with other tools in NetSuite’s product suite get the benefit of synergy. Accounting, CRM, and e-commerce systems work together, not against, a distributor’s inventory management system. Having one unified system makes it easier for companies to reduce IT costs and other typical concerns associated with trying to maintain multiple business applications.

Utilizing NetSuite Inventory Management can help distributors cut both the costs and time typically associated with handling supply chain issues. The platform’s real-time visibility tools give distributors insight into how demand, supply, costs, and fulfillment issues shift over time. By reviewing these trends, managers are better able to plan for future purchases and eliminate inventory stock issues. NetSuite Inventory Management saves managers time by virtually eliminating the data entry tasks that usually go along with inventory management. As a result, the procure-to-payment process is more straightforward and vendors tend to be more satisfied overall.


Main features

Dashboard with full inventory overview

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.

View your demand history

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.

Calculate item demand plans

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.

Manage new purchase orders

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.


Integrations

Prebuilt integrations with UPS, FedEx, and USPS allow NetSuite Inventory Management users to streamline their shipping processes.


Pricing

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.


Bottom line

  • Equipped with real-time visibility tools
  • Steamline shipping processes with prebuilt integrations with UPS, FedEx, and USPS
  • Group combinations of items into a single matrix
  • Calculate demand based on demand history, seasonal factors and location.
  • Works in conjunction NetSuite’s full product suite, syncing accounting, CRM, and e-commerce

Additional information for NetSuite Inventory Management

Key features of NetSuite Inventory Management

  • Real-time, detailed visibility into key inventory control
  • Automatically generate purchase or work orders
  • Effective price management
  • Automated inventory replenishment
  • Extensive inventory management
  • Online purchase order creation
  • Self-serve access to key data and information
  • Complete business process flow
  • Management of production work orders
  • Calculate demand plans leveraging historical data
  • Calculate supply plans
  • Multi-location tracking
  • Hierarchical location definitions
  • Bin tracking
  • Enforce full traceability
  • Easily categorize your items based on customizeable metrics
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Benefits

- 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.