The right software applications can solve many of the challenges small or medium-sized businesses face. Software as a service isn’t a new concept; it has been around for several decades and has become one of the most valuable resources available to businesses. So, just like you put thought into buying computer hardware, it’s equally important to carefully consider the cloud-based services your company engages with.
If you’re running a third-party logistics operation, a solid warehouse management system can support your warehouse teams as they handle all the warehouse processes your organization is responsible for. But with so many warehouse management systems in the market, how do you decide which one to go for? Which one can you trust? Let’s dive into these questions in our comprehensive blog and explore the world of NetSuite WMS.
What Is WMS (Warehouse Management System)?
A warehouse management system (WMS) is like a handy software platform that warehouses use to simplify inventory management and order fulfillment. It has many excellent functions to help you with warehouse operations, like putting things away, counting, scanning barcodes, and picking items. Plus, it can boost your inventory accuracy and productivity and satisfy your customers!
The WMS is like the brain of the warehouse, but it interacts differently with each employee and piece of equipment. For example, someone doing barcode scanning will check their dashboard to see where today’s assigned bins are. The WMS automatically updates in real-time as they scan each item to prepare for packing or stocking. Once they complete a task, the WMS shows new tasks on their mobile device. It’s all about keeping everyone in sync!
What Is NetSuite?
NetSuite is a top player in the business software and software as a service industry. It’s been helping companies succeed since the good ol’ days when computers were massive, and software had to be installed from floppy disks and launched in multiple steps. NetSuite has come a long way with advancements in computer technology, and today, it continues to lead the pack in a world where business software operates way more efficiently than when people used to blow on floppy disks or computer mice to get rid of dust.
NetSuite WMS is just one of the many software products that NetSuite offers. They have a suite of tools available, including accounting, payroll, customer relationship management, procurement, human resources management, and eCommerce. So, whether you’re a small startup looking to meet your growth goals or a medium-sized business aiming to meet customer expectations, NetSuite’s business software can help you compete with the big players in the industry.
The Importance of a Specialized WMS Solution for NetSuite Clients
Over the years, NetSuite has worked hard to develop products that meet the needs of its users, allowing them to serve their customers better. It’s important to note that different industries have different software requirements. For example, you’ll need a WMS module if you’re running a third-party logistics (3PL) warehouse.
Using a software module designed for a hotel or restaurant just won’t cut it. You need software that efficiently compiles and analyzes inventory data, giving you insights into your warehouse’s capacity. And let’s remember inventory visibility. Warehouse employees must locate the products they’re searching for quickly. So, don’t settle for generic business software for your 3PL operation. Go for a dedicated WMS implementation to ensure optimal efficiency.
Understanding Oracle NetSuite WMS Features
Receiving
You can set up the mobile app with a “force scan” feature when you receive items in inventory. This recommended practice helps improve data integrity by ensuring all the necessary details are accurately scanned and entered before the item is received into inventory. With force scanning, the system can automatically assign lot and serial numbers, bin locations, and inventory status as you receive items. It streamlines the overall inventory management process and reduces the chances of errors or discrepancies.
Picking, Packing, and Shipping
By using the mobile app and implementing a force scan method for picking and packing, companies can significantly reduce the chances of costly mis-picks. This approach ensures accurate data capture by double-checking items against the initial transaction, which improves inventory management accuracy. As a result, businesses can easily keep track of all sales activities and optimize operational efficiency, leading to increased productivity and customer satisfaction.
Inventory Visibility
Inventory is meticulously and automatically updated in real-time as items are scanned, ensuring that we always have an accurate and up-to-date record of our stock. This means we can seamlessly move on to the following steps: quality assurance, outbound commitment, and fulfillment, as soon as the items are accepted into inventory.
And here’s the best part – with our real-time, precise scans of work orders, bills of material, and inventory movements between warehouses, we have unparalleled visibility into our entire supply chain. This level of detail allows us to optimize our operations and make informed decisions to drive efficiency and productivity.
Cycle & Physical Counting
Using a mobile device for cycle counts has so many benefits. It not only reduces errors but also makes the whole process faster. With a dedicated mobile app, you’ll be guided through each step, ensuring accuracy with scans at every location. The count record is updated automatically with each scan, so there’s no need for manual data entry on a computer later. This streamlined approach saves time and minimizes the risk of mistakes, making it a super efficient and reliable solution for cycle counting.
Top Benefits of NetSuite WMS
Improved Data Capture and Accuracy: A mobile device guarantees precise recording of items, lots, and serial numbers while receiving goods, ensuring accuracy and efficiency.
Better Inventory Visibility: Monitor inventory in real-time as items enter, flow through, and exit the warehouse.
Optimized Space Utilization: Ensure products are allocated with sufficient space and store high-demand items near fulfillment areas.
Boost Labor Productivity: Mobile devices facilitate users in efficiently performing crucial tasks such as receiving, storing, picking, and shipping items.
Increased Order Fill Rates and Accuracy: Utilize streamlined picking paths and leverage opportunistic multi-order picking to optimize fulfillment processes.
Higher Customer Satisfaction: Ensure prompt order delivery while reducing mis-picks and inaccuracies through efficient data validation.
Wondering about the Cost of NetSuite Mobile Warehouse Management?
Companies of all sizes, from pre-revenue startups to fast-growing businesses, have switched to Oracle NetSuite warehouse management. Are you looking for a better way to run your business but wondering about the cost?
When you subscribe to NetSuite, you pay an annual license fee. Your license consists of three main components: the core platform, optional modules, and the number of users. Plus, there’s a one-time implementation fee for initial setup. The best part is that as your business grows, you can easily activate new modules and add more users – cloud software’s beauty.
Final Thoughts
In conclusion, NetSuite’s Warehouse Management System (WMS) is a game-changer for small and medium-sized businesses in third-party logistics. It’s specifically designed to meet the unique demands of warehouse operations, improving inventory accuracy, labor productivity, and customer satisfaction.
But that’s not all!
NetSuite offers a user-friendly, cloud-based business software suite for accounting, payroll, and customer relationship management. With features like force scanning during receiving, real-time inventory visibility, and mobile-guided processes, NetSuite optimizes space utilization, reduces errors and boosts overall productivity. Plus, the flexibility of NetSuite’s subscription model caters to businesses of all sizes. It’s perfect for efficient, scalable, and integrated software solutions.
If you want further information about NetSuite or any of its services, please do not hesitate to contact us. We would be delighted to provide you with our assistance.
