If you're running an e-commerce business, managing inventory can be a major challenge. Holding too much inventory ties up cash flow, while running out of stock means missed sales opportunities. That's why having a robust inventory management system is crucial for any product-based business.

NetSuite inventory management module provides powerful tools to help you maintain optimal inventory levels. Here are some of the key features:

Real-Time Inventory Visibility:
With NetSuite, you always know how many products you have on hand, on order, and where they are located across all your warehouses and sales channels. This centralized inventory data prevents stockouts and overselling.

Demand forecasting:
NetSuite analyzes historical sales data and other factors to forecast upcoming demand for each product. This allows you to order more accurately and avoid tying up excess working capital in dead stock.

Inventory optimization:
Let NetSuite calculate reorder points, preferred stock levels, and reorder quantities to maintain just the right amount of inventory for each product based on costs, lead times, and service levels.

Bin management:
For warehouse operations, NetSuite supports advanced bin management strategies like lot tracking, FEFO/LIFO, and bin mapping to streamline putaway, pick, pack and ship processes.

Multi-location management: 
For businesses with multiple warehouses and sales channels, NetSuite provides a consolidated view of inventory across all locations and automated transfer order management.

Landed cost calculation:
NetSuite accounts for all costs like duties, shipping, taxes when calculating total landed cost per unit for better profitability tracking.

Integration with NetSuite financials:
Seamless integration between the inventory module and NetSuite accounting and order management provides a single source of truth for your business data.

With powerful inventory control capabilities, real-time metrics and KPIs, and end-to-end integration of front-end and back-end processes, NetSuite empowers product companies to achieve leaner, more efficient inventory management while ensuring high customer service levels.