NetSuite Inventory Management: Is It Worth the Money?

Are you in the market for an online inventory management system, but you’re unsure which product is right for your business? Do you worry that you don’t have enough information to make the right decision?

The global enterprise resource planning market will grow to over 86 billion dollars in the next six years. Online business solutions can give your business a competitive edge in the marketplace.

Are you considering Netsuite Inventory Management systems, but you’re wondering if they are worth the money? Here’s a guide to the benefits of their software systems.

Advantages Of NetSuite Inventory Management

When evaluating an inventory management system, it’s good to go with a well-known company. Many midsize and large companies rely on NetSuite software for their automated inventory management tools.

Here are some of the many benefits of the inventory system.

Real-Time Inventory View

The NetSuite inventory system allows your team to see inventory in real-time across all locations. That ensures products are available and keeps inventory levels low to free up cash.

You can optimize inventory levels by using historical data to produce forecasts by season. That allows you to plan for future demand.

Automation

This solution reduces tedious data entry tasks usually performed by your team members. Traditional spreadsheet work is prone to error, and many systems require duplicated data entry. Automation saves time and money.

Cloud-Based Solution

NetSuite can be set up as a cloud-based solution, allowing your team to access data from any location.

Another advantage is the automated system updates without any downtime. Protect your important documents using the cloud as a backup system.

Improved Profits

When your team has the right tools to manage inventory more effectively, they will reduce costs which improves your profits.

If you can improve your fulfillment process, your products will reach your customers in the right amounts. They arrive at the right locations at the right time. You reduce shipping costs and handling expenses.

NetSuite Pricing

Scalability is one of the main advantages of the NetSuite software system. You can add user licenses or activate new modules as your company grows. Check out this excellent site for more information on NetSuite pricing per user.

Your company can attach new modules to the inventory management system, which improves business processes in other areas of your operations. This integration can bring your operations to a new level.

NetSuite is a subscription model, so there is an annual license fee.

You pay a license fee for the core platform you choose. Then you add a fee for each user, and any extra optional modules you decide to get for your operations. There’s also a one-time fee to implement and set up your software.

Choose An Inventory Management System With Confidence

When you take the time to do some research, you will see the benefits of the NetSuite Inventory Management software. When you break down the pricing per user, you can clearly see the value of their system.

Did you find this article helpful? If so, be sure to use the simple search feature or check out our Business section for more on inventory management solutions.