NetSuite Smart Count is an inventory cycle counting solution that enables organisations to improve the efficiency and accuracy of management by automating inventory counts without freezing transactions in the entire location.  The inventory level used for the count is taken at the time the count starts for each individual item.  Smart Count keeps track of transactions that happen for the items being counted, and if there is any activity during the count, NetSuite automatically alerts counters so they can react appropriately.  Preferences allow administrators to choose what happens if the on-hand quantity changes for an item during the count process.

Companies require the ability to trace products from receipt back through their entire lifecycle.  With NetSuite, you can define inventory and assembly items as being lot or serial tracked.  The system will enforce the capture and identification of all related information on each transaction to provide full traceability.  The inventory detail screen lets you view your inventory by lot or serial number and drill-down capabilities enable quick access to all related transactions.

Key Capabilities:

• Lot Tracking (multiple quantities)
• Serial Tracking (quantity of 1)
• Enforce full traceability

NetSuite offers unique capabilities when it comes to tracking inventory across multiple locations.  The physical locations themselves can be hierarchical, allowing the creation of sub-locations.  These locations can then be broken down into bins to provide a more finite level of tracking.  Once the locations and bins are defined, any item can be stored in any location, which gives you a holistic view of inventory levels across all physical locations.

Key Capabilities:

• Multi-location tracking
• Hierarchical location definitions
• Bin tracking