Simplify Your Warehouse Process
The past 2 years, the world has witnessed some of the events that we all wish never happened. We
all have faced the deadly global pandemic, Covid 19 where a large number of families lost their loved
ones world-wide. Countries globally saw a major dip in their economies leading to fall in the GDP
(Gross Domestic Product). Then the war between Ukraine and Russia kept the world on its toes.
These all incidents had a major effect on the businesses.
The companies faced acute problems of shortage of workers and had a major disturbance in
managing the supply chain effectively. But the leaders were in hope of restoration of the supply
chain and to provide customers with the best shopping experience. The only thing that could help
these organisations to stand up tall again was technology. This process includes the evaluation of the
insights, provided by the help of technology, in order to make new and effective plans regarding the
same.
NetSuite Release 2 isn’t just any inventory recording software. It is the one-stop solution for making a
businesses’ supply chain smooth and hassle free. The features help the user in anticipating demands
and stockout dates which ultimately disables untimely shortages or late delivery of goods. This can
help the business in reducing the cost that the company has to be bear due to last moment changes
due to unattended arrangements.
- What if the business has multiple warehouses?It is very hard for a multinational business to manage all the products with the correct number of stocks in each store across different stores, cities, states or countries. This can be a tedious, time-consuming task which also requires a huge amount of capital. The Oracle NetSuite has the ability to estimate forecasts of the demand of goods using various dimensions that various departments of the organisation can be clubbed into one single master forecast and use to formulate a plan for an effective supply chain.Oracle NetSuite then breaks down the data and estimates the demand of each product for each month. This means that the user can now determine the expected time, during which a particular warehouse/store in which location will run out of which inventory. This will ultimately help the inventory team to relocate the supplies in different locations. The team can readjust purchase order keeping in mind the stockout dates.
- Will it help the warehouse workers in becoming efficient?Oracle NetSuite can help the warehouse workers in becoming efficient. The software helps in estimating the stock out dates of the goods that the warehouse has. It can also optimize the timing involved in the process of supply planning. So now the worker can have estimated time involved in purchasing of raw materials, manufacturing, packaging and transferring of stocks to various locations. This will help in calculating the ideal time for a store/location to place purchase orders.
- What if the order is assigned to a warehouse far from the delivery location?The Oracle NetSuite is designed in such a way that it assigns the order to the warehouse in which the stock is available and is nearest to the delivery location. This system provides the user to automatically choose the nearest facility from the final destination of delivery based on zip codes or distance. The advantage of this feature is that it will help the business in reducing the excess cost of transportation that might have to be paid in case the order was assigned to a farther warehouse facility.
- What if the business wants a warehouse to take orders for a specific location?Oracle NetSuite allows the user to set filters for the warehouses based on their choice of taking orders from specific locations. The user can select the specified location or range in which he/she wants the warehouse to get assigned with orders.Let’s say, the user wants warehouse A to deliver orders only up-to 40 kms. Then any order that doesn’t come under the radius of 40 kms to warehouse A won’t get assigned to it. This is generally done in case the warehouses have goods that can be fragile and requires utmost care while delivering.
- What if the business involves assembling goods to make a final product?It can be a very hectic task for a business to efficiently manage its stock if it requires a number of raw materials from different warehouses to assemble together for a final product. But the NetSuite Oracle has also found a solution for this problem. The employee can now enter the total number of packages which a warehouse facility is assigned. Then once the employee has finished with the assembling part, they can return the unused inventory back with just some clicks.
Take your business to
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