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

NetSuite Inventory Management

Manage inventory automatically with NetSuite

4.17/5 (443 reviews)

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.

Pricing

Starting from
$99/month
Pricing options
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

English, Chinese (Traditional), Danish, Dutch, 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
  3.8
  4.1
  3.8
  3.8
Anonymous

NetSuite - Great ERP for mid-size/private companies

Used daily for 1-2 years
Reviewed 2019-03-06
Review Source: Capterra

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.

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Anonymous

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.

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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: GetApp

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

Full Featured Cloud Based Solution

Reviewed 2016-02-25
Review Source: GetApp

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.

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Connie V

NetSuite - Robust and customizable, but everything is an add-on.

Used daily for 2+ years
Reviewed 2018-12-13
Review Source: Capterra

NetSuite is a robust ERP system that I would generally recommend for medium to larger businesses. If you can get past the implementation phase, it is generally very easy to maintain. If you need a lot of customization for your business processes, be prepared to manage and test the customization extensively, as there are lots of nuances that can be missed during the testing phases that can prove very difficult later to fix when additional workflows or scripts are in place.

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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 Management
Inventory Tracking
Real Time Data
Workflow Management

Activity Dashboard (387 other apps)
Activity Tracking (254 other apps)
Audit Trail (226 other apps)
Auditing (294 other apps)
Automatic Notifications (405 other apps)
Compliance Management (259 other apps)
Custom Fields (221 other apps)
Customizable Reporting (308 other apps)
Data Import/Export (294 other apps)
Document Storage (225 other apps)
Invoice Management (215 other apps)
Monitoring (221 other apps)
Real Time Reporting (214 other apps)
Reporting & Statistics (328 other apps)
Third Party Integration (284 other apps)

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
View All Features

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.