About Oracle NetSuite

Category: Inventory Management
NetSuite Inventory Management is a business solution for inventories. The software is an all-rounder inventory, providing business owners with round-the-clock stock visibility, real-time stock tracking, and comprehensive knowledge of bulk and individual orders.

Company: Oracle Corporation

Oracle Corporation is an American multinational technology company headquartered in Austin, Texas. Oracle offers a comprehensive and fully integrated stack of cloud applications and cloud platform services.

In-Depth Analysis

0 Overall
Price 3.0
Ease Of Use 4.0
Features 4.0
Support 4.0

Pros

  • It is fully integrated with NetSuite ERP modules
  • Can be customised with extra coding
  • Excellent user interface.
  • Multiple connectors for e-commerce and mobile functionality

Cons

  • Costly subscription plans

Oracle NetSuite Comparisons

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Plans & Pricing

NetSuite offers a highly flexible, unfixed pricing model that is designed to concur with the size of your business and the number of users who will be administering your dashboard after you subscribe. This model is excellent for business owners who want to scale and grow without missing out on any of the great features offered by the software.

You can contact customer service on the site to get a full quotation and price tailored to your business needs. This way, you do not need to pay for what you don’t use. Suppose you start with a lesser plan, and your business grows in time. In that case, all you have to do is to upgrade your subscription plan to allow the software to cater to the increased business size and all its ramifications, such as order, supply, and delivery.

All three of NetSuite’s plans come with Marketing Automation, Sales Force Automation (SFA), Case Management, Partner Relationship Management, General Ledger, Accounts Receivable, Accounts Payable, Acceptance of Credit Cards, ACH, EFT, Bank Management & Reconciliations, Multi-Currency & Multi-Language, Item & (basic) Inventory Management, Project Management (basic capabilities), Order Management, Purchasing and Employee Center.

Limited Edition
Custom
Mid-Market Edition
Custom
Enterprise Edition
Custom

Limited Edition

This pricing model is made for small-sized businesses. If you have a single entity without subsidiaries, then this plan is great for you. If your business has less than 50 employees and requires a maximum of 10 user licenses, you should subscribe to this plan.

Mid-Market Edition

If your business requires more than 10 unique users, then this plan is for you. It allows you to register more than two legal entities, giving you the ability to make synthesized fiscal reports across different currencies.

Enterprise Edition

This plan suites large-sized business enterprises. It allows more than 1000 unique users and has maximum capabilities.

Ease of Use

Potential users can determine their own unique pricing by inputting specific details about their businesses. The dashboard tools are easy to use, and there is 23/7 technical support (TAM: Technical Account Management) to resolve any issues that you may come across.

Features & Functionality
General Features

Cycle Counting

NetSuite Inventory Management Software allows users to assess stock reserves in real-time. This way, overhead costs are completely eliminated with the lessening of safety stock levels.

Stock Tracing

You needn’t worry about where your products are- whether they have arrived or are en-route. The software allows business owners to trace stock via serial number or lot, thus enabling maximum stock visibility. In addition, the software takes note of all ongoing transactions, concisely displaying relevant information on your dashboard.

Replenishment 

You can also create your preferred reordering points and stock levels to help you maintain a good inventory quantity. Thus, users will be able to handle business operations in different locations, catering to demand in different locations simultaneously.

Warehousing

With its special warehousing features, NetSuite Inventory Management allows business owners to administer the tracking of stock in different locations, showing a comprehensive breakdown of available physical warehouses.

NetSuite Inventory Management also comes with special accounting and finance tools that combine real-time fiscal viability, in-depth accounting function, and key business insight to help you make better financial decisions in your business. With the billing feature, you can integrate finance and sales for easy processing.

Just as well, the financial reporting and planning tools enable users to integrate budgeting, planning, forecasting to render on-demand, real-time, decision-making data.

NetSuite Inventory Management Software is a cloud-based platform that is accessed upon subscription to the service. It is accessible from PC and mobile browsers and a mobile app on Android and iOS.

Features
  • Accounting Integration
  • Activity Dashboard
  • Alerts/Notifications
  • API
  • Auditing
  • Barcode Recognition
  • Barcode/Ticket Scanning
  • Billing & Invoicing
  • Cloud Infrastructure
  • Control Software
  • Cost Tracking
  • Customer Database
  • Data Synchronization
  • Forecasting
  • Kitting
  • Machine Learning & AI
  • Mobile-device access
  • Multi-Channel Management
  • Optimization
  • Purchase Order Management
  • Replenishment
  • Returns Handling
  • Search/Filter
  • Tracking
Advanced Inventory Features
Features
  • eCommerce Management
  • Invoice Management
  • Manufacturing Inventory Management Software
  • Multi-Currency
  • Multi-Location
  • Order Tracking
  • Product Identification
  • Purchasing & Receiving
  • Real-time Updates
  • Reorder Management
  • Status Tracking
  • Stock Management
  • Supplier Management
  • Vendor Managed Inventory
Reporting/Analytics
Features
  • Customizable Reports
  • Real Time Analytics
  • Real Time Reporting
  • Real-Time Data
  • Sales Reports
Integrations & Add-ons

There are integrations with Asana, Authorize.net, Avalara, BambooHR, BigCommerce, Braintree, ChannelAdvisor, Copper, DEAR Inventory, Domo, Dynamics 365, FedEx for Salesforce, FedEx Ship, FreshBooks, Gusto, IBM Connections. In addition, there is API integration capability.

Features
  • Accounting Integration
  • Advertising credits
  • Mailing lists
  • Point of Sale (POS)
  • Search engine submission
  • Third Party Integrations
Verdict

NetSuite Inventory Management Software is a cloud-based software designed by tech giants Oracle to enable businesses to scale and streamline their business operations. NetSuite helps automate and integrate revenue, inventory, order, and financial management while providing reliable billing, CRM, and e-commerce.

Maxmillian Agbakwuru
Author: Maxmillian Agbakwuru
Maxmilian Agbakwuru is a content and creative writer, with over 2 years of working experience. His niche spans across different industries, with over 200 jobs done within this time. As a writer, Max puts his client's satisfaction as no 1 priority, with a 5 star on almost all jobs, 83% clients that want to rehire and 42% of long-term clients. In his spare time, Max likes spending time in the gym and meeting new people.
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