Table of Contents
- 1 To Optimize Warehouse Spaces, NetSuite WMS helps Businesses
- 2 Expert’s Tips for Optimizing Warehouse Operations
- 3 Business Benefits of Warehouse Operations Optimization
- 4 Why inoday?
- 5 FAQs
If you are eager to drive warehouse optimization, advanced warehouse inventory management systems must be invaluable to you. Right from radio frequency barcode scanning and defined strategies for stock putaway and picking to task management and cycle count plans, warehouse management systems like NetSuite offer automation across everything to drive scalability.
Unlike others, NetSuite Warehouse Management renders extensive warehouse operations optimization across every part of a warehouse’s day-to-day operations and helps a warehouse business scale according to the most up-to-date best-practice principles. For instance, mobile receiving and predefined putaway strategies ascertain that every product in a warehouse is received accurately. Additionally, this warehouse management system adds all the relevant data to the inventory record in real-time.
- Store every piece of inventory in the most logical location
- Adopt the most efficient picking strategy
- Identify high-velocity products stored as close to primary picking lanes
- Get business value both inside and outside of the warehouse
- Generate speed and efficiency gains in their inventory operations
- Accelerate sales and customer satisfaction on the demand side of the equation
With a well-thought-out warehouse optimization plan, business organizations can make the most use of their warehouse spaces, resources, people, and technologies to continuously accelerate their operations and steer sales and growth extensively.
The key to optimizing warehouse operations lies in simplifying and streamlining processes wherever possible. To automate warehouse operations and minimize manual error, one can manage the arrangement of optimal picking paths and strategically placement of stock by using robotics and warehouse management software with simplified tips.
As we know employees are essential to successful warehouse operations, and machines are more capable of handling certain tedious and repetitive tasks. It helps your staff give more focus on higher-value work and business-driven activities. To ascertain the quick flow of inventory through the warehouse, business organizations can automate simple processes, allowing technology enhancements, such as software and robots, to manage picking, packing, and shipping products efficiently.
If you are storing the highest volume of inventory possible while moving that inventory through warehouse processes as efficiently as possible, you have an ideal warehouse. However, striking this balance involves a combination of building the right storage layout, and making the most use of warehouse space. Also, it includes continuously refining warehouse processes. Here, leveraging NetSuite Warehouse Management can make inventory flow seamlessly from one stage to the next.
Warehouse businesses often increasingly use robots, drones, automated storage, and retrieval systems (AS/RS) to move inventory without any hassle. For the most part, large e-commerce businesses have been using inventory automation and machines to take on labor-intensive tasks. Additionally, optimizing warehouse operations via NetSuite helps remove physical labor off employees’ plates and makes warehouse processes more consistent, reliable, and safe.
Product Velocity is the rate that a product sells and it dictates how quickly it requires moving through a company’s warehouse. For instance, certain products, like the holiday season’s hottest gifts, heavily discounted items, or perishable goods, move more quickly than other goods or products. Leveraging the core capabilities of NetSuite Warehouse Management helps in planning the layout of your warehouses so you can easily retrieve and ship these products. Additionally, businesses can position themselves to meet these demand spikes and abstain from missing new sales opportunities.
A smooth-running warehouse has to be well-organized for the least. In such a case, the best way to avoid losing or misplacing inventory is to store it in places where your workforce can intuitively find it. For instance, a warehouse storing groceries is unlikely to place perishable goods on high shelves or in dark corners which may become inaccessible. Here, NetSuite logically helps stock products and assists businesses in ensuring products are easy to find, pick, pack, and ship. It readily helps save time and reduces employees’ workload as well.
One of the most important warehouse operations optimization is Fulfillment. Rather than depending on employees to route shipments to the right collection areas, business companies can use order routing automation tools to streamline the warehouse process and ensure the right products reach the right place at the right time.
As there is so much pressure placed on modern warehouses to run at high speed, short-term demands can easily derail long-term business objectives. For instance, a car manufacturer unit building an inventory of a new electric vehicle might be distracted by an increase in demand for one of its other cars. In such cases, it’s important to take a step back, consider the company’s bigger business objectives, and align warehouse metrics and key performance indicators (KPIs) with strategic business goals.
A warehouse management system like NetSuite takes the complexity out of managing warehouse processes. It renders extensive business visibility across warehouse operations and allows businesses to automate time-consuming tasks.
For instance, many warehouse businesses use NetSuite WMS to drive real-time insights into the location and volume of their inventory. This helps them avoid ordering too many products or not enough. For the most part, a WMS not only improves the warehouse operations efficiency, but it helps businesses avoid stock control issues and unnecessary costs as well.
Warehouse optimization can provide businesses with many advantages, from better inventory forecasting to improved customer satisfaction and retention. Here are some of the top benefits of optimizing warehouse operations.
Businesses in warehouse operations can better predict the amount of inventory they need at a time with greater transparency and more accurate supply and demand data. This can be availed of in NetSuite’s Advanced Warehouse Inventory Management Systems. This software solution helps maximize storage capacity, improve forecasting, and prevent companies from ordering more products than their managing capacity. Also, it helps them abstain from going out-of-stock when the demands reach their peak.
When you master the ability to deliver products on time, you win your customers’ hearts and let them consider your brand, and your product when deciding whether to place repeat orders. This is the deciding factor for consolidating customers’ trust and ensures high retention. For instance, if a customer’s first order goes wrong or arrives late due to a warehouse issue, he or she may lose trust in the business, and your brand, and get it from your competitor next time.
Warehouse optimization means all employees work to their full potential without burning out. Also, it prevents businesses from incurring overtime costs. For the most part, it can snowball quickly in a warehouse that is regularly striving to keep up with demand. Additionally, when automation takes care of tiresome, tedious, manual tasks, your orders get processed quickly, and the workforce can pay more attention to high-level work and business-driving activities.
At inoday, a globally acclaimed, official, and #1 ORACLE NetSuite Channel Partner, you can connect to certified NetSuite Consultants, who have made warehouse optimization a cakewalk for many businesses. These experts have delivered their years of experience, proven methodology, industry standard-based practices, and in-depth knowledge in NetSuite ERP to scale up warehouse operations.
We leverage our 16+ years of Experience in driving Digital Transformation via Cloud Computing Solutions to let a business explore more growth opportunities, unlock its success potential, and lead the competitive edge with personalized solutions, without compromising quality and without burning a hole in their pocket.
What is NetSuite warehouse?
NetSuite Warehouse Management System is highly efficient in optimizing the operation of your warehouse. It extends NetSuite implementation, its inventory, and warehouse management features so businesses in warehouse management can better handle inventory and warehouse transactions.
Is NetSuite a WMS system?
NetSuite Warehouse Management System readily optimizes day-to-day warehouse operations leveraging industry-leading practices. Additionally, you can run your warehouse more efficiently and reduce handling costs by using intelligent pick-and-pack processes, handheld barcode scanning, cycle counting, and integration with shipping systems.
Who is NetSuite best for?
Business organizations of all sizes and across different industries run on NetSuite. They harness the extended capabilities of its applications for finance, supply chain, customer relationship management, human resources, professional services, e-commerce, and more.