In today’s quickly changing business market, effective warehouse management has become a vital success component. Companies are looking for solid solutions to optimise their warehouse operations as e-commerce, omnichannel retail, and global supply chains grow in popularity. NetSuite WMS (Warehouse Management System) has developed as a powerful tool that enables firms to streamline operations, and boost visibility, and overall efficiency. NetSuite Warehouse Management System stands out as a solution that can turn your warehouse operations into a well-oiled machine, allowing you to remain competitive in a continually changing market.
Understanding NetSuite WMS
As part of its portfolio of apps, NetSuite, a leading cloud-based enterprise resource planning (ERP) solution, provides a comprehensive Warehouse Management System. NetSuite WMS is intended to assist organizations in managing their inventory, order fulfillment, and distribution processes with accuracy and agility. It connects smoothly with other NetSuite modules, resulting in a unified platform for handling multiple business processes.
The Evolution of Warehouse Management
Warehouse management has traditionally involved manual operations, paper-based record-keeping, and limited visibility into inventory levels and movement. This method frequently resulted in errors, delays, and higher operational costs. However, with the introduction of technology, warehouse management has experienced substantial change.
NetSuite WMS is a cloud-based warehouse management system that automates and optimizes different elements of warehouse operations. It connects smoothly with other enterprise systems, giving you a complete picture of your inventory, orders, and shipments.
NetSuite WMS improves inventory accuracy and reduces time spent searching for and handling items in your warehouse by utilising a mobile device and processes tailored to your warehouse configuration. It walks you through all aspects of warehouse processing, from receiving and storing things to picking and sending them. As you handle things in your warehouse, each transaction you complete changes your NetSuite inventory data in real time, providing you with accurate inventory information.
A Holistic Approach to Warehouse Management:
NetSuite WMS is a comprehensive cloud-based solution designed to optimise warehouse and distribution centre operations from start to finish. This WMS, built on the powerful Oracle NetSuite platform, interacts effortlessly with your existing business systems, facilitating collaboration and providing real-time visibility into your supply chain.
Key Features and Benefits:
- Real-time Visibility: NetSuite WMS allows you to see your inventory, order status, and general warehouse performance in real-time. This visibility allows for more informed decision-making, decreases the danger of stockouts or overstocking, and aids in the optimisation of reorder points.
- Inventory Accuracy: NetSuite WMS enables reliable inventory management with enhanced tracking and barcode scanning features. This accuracy lowers errors, and discrepancies, and improves the general dependability of your inventory data.
- Optimized Order Fulfilment: The technology streamlines picking, packaging, and shipping procedures to improve order fulfillment processes. It uses clever algorithms to discover the most efficient order-picking routes, lowering operational costs and increasing delivery speed.
- Multi-location Support: NetSuite WMS helps firms with multiple warehouses or distribution centres manage inventory across many locations. This function enables optimal stock distribution and aids in inventory level balance.
- Demand Forecasting: NetSuite WMS has demand forecasting capabilities that use historical data and patterns to forecast future demand. This helps with inventory planning by ensuring that you have enough products on hand to match client demand.
New Release of Warehouse Management Enhancements:
NetSuite 2023.2 includes the following enhancements for Warehouse Management:
1. Updates to Wave Creation: The New and Edit options for creating custom wave criteria templates are now available on the Wave Criteria page. You can access the Wave Search facility and pick your order, item, or shipment filters by clicking one of these icons. See the help post Creating Custom Wave Criteria Templates for additional information.
Previously, unreleased orders processed through the app were immediately issued as waves. You can now use the Provide wave status selection for unreleased orders rule to assign the Pending Release or Released status to unreleased orders. After releasing waves via the NetSuite UI, you can continue collecting orders via the app.
2. New Pick Task Details and Bulk Assignment: The Show Additional choose Task Columns choice can be used to display two additional columns on choose task lines only on the Pick Task page. More information about the item or order can be included in these columns for each pick task line. You can assign numerous pick tasks to each warehouse operator before you begin order picking. You can reassign pick jobs in bulk even if you assign them during wave generation.
3. Pick Reversal Capabilities:
The following capabilities enhance pick reversal on the mobile app:
Pick reversal for work orders – You can now reverse choose tasks for work order components that have not been partially or completely built. You can reverse up to ten different choose task lines at once. Specific lot numbers and over-selected components can be reversed. NetSuite WMS updates the associated work order’s status and bin data. When you reverse over-picked components, the original amount of the work order is neither changed or increased.
4. Updates to Other Mobile Processes:
NetSuite WMS 2023.2 includes updates to the following mobile processes:
- You can use the Manufacturer’s Part Number (MPN) of an item to search for orders to receive during the PO Receiving procedure.
- On the Enter Quantity page, you can tally different item types constantly for the Inbound Shipment and PO Receiving operations. This feature can be enabled using the Enable Tally Scan? rule.
- You can enable the Enable Restock option for returns? system rule for accounts that use the Advanced Receiving function. When you manually produce item receipts for returned items in the app, you can restore things to your inventory using the Restock option.
- NetSuite automatically adjusts the write-off account for non-restocked items, which you must enable in your accounting parameters.
- You can enter an item into the supported Inventory operations by scanning its HIBC bar code.
- To update lots or serialized items, use the Bin Transfer method and select the Transfer All option.