Editor's Note: This is a prologue to Murph's new 'Inside Oracle NetSuite' series, which features a deep dive into recent enhancements to the Oracle NetSuite ERP. While this introduction to the series is being published within Insightful Accountant, the series is part of Insightful Accountant's new "Be Insightful" Premium content.
Murph's Future series will provide an in-depth look at various other ERP alternatives to QuickBooks Enterprise for users considering migration.
Recently rolled out, NetSuite 2024.2 affords Manufacturing and Warehouse customers users several new features and functionalities.
- NetSuite's Supply 360 SutieApp can now generate Manufacturing Shortage reports to ensure all necessary component inventory is available to execute planned work orders.
- A new 'Available to Build' SuiteApp illustrates which assemblies can be built with the current on-hand inventory.
- An enhancement to NetSuite's Warehouse Management feature supports automated bin replenishment, allowing managers to maintain inventory quantities at the bin level.
- NetSuite Ship Central can now select the most cost-effective shipping method automatically. It can also create Return and Hazardous Materials labels.
NetSuite Supply 360 assists manufacturers in controlling costs by proactively responding to potential component shortages. This SuiteApp makes it easier for production planners and managers to see if they have all the inventory needed to fulfill upcoming work orders.
Available to Build is a new NetSuite SuiteApp showing manufacturers how many assemblies they can build with their current inventory quantities.
The new Cost Variance Analysis SuiteApp compares work orders' planned and actual costs in a simple report.
Data tables in the NetSuite Supply Chain Management (SCM) Mobile app showing work orders, sales orders, or other records can now be color-coded based on status.
NetSuite WMS Bin Replenishment Schedule lets managers automatically schedule stock replenishment tasks. In addition, employees can capture serial numbers for each product in a pallet of goods with a single scan during the receiving process.
NetSuite Ship Central can automatically select the most cost-effective shipping method and create return and hazardous materials labels.
NetSuite Manufacturing Mobile will automatically populate lot and serial numbers when scanning GS1 barcodes.
This is just a glimpse at the new features enhancing NetSuite's Manufacturing and Warehouse functionality. For more information, see Murph's "Inside Oracle NetSuite - Part 2" article detailing the NetSuite 2024.2 Financial Features in "Be Insightful" Premium Content.
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