Keeping inventory costs down is crucial to competitive advantage. NetSuite helps companies slash inventory costs by providing tighter control of stock levels. NetSuite allows you to set complex pricing rules based on individual customers, item variations, volume and more. And since inventory features are integrated with customer relationship management (CRM) features, your customers, sales representatives and partners can view updated inventory levels on your Web store.
Customer and Volume Pricing: With NetSuite, you can assign different prices for different types of customers. You can also assign different prices for wholesale, retail or online sales.
Multi-currency Pricing: NetSuite's multi-currency capabilities let you set prices in each of the foreign currencies in which you trade. When you create orders or invoices for your foreign customers, NetSuite will automatically select the correct currency and price, saving you valuable time.
Integrated Inventory: When creating new inventory items, you can define their Web characteristics, such as pricing, captions, images and more. Sales representatives and partners have full views into inventory levels. Plus, orders from the Web, retail or sales organization, will automatically be reflected in inventory levels.
Multi-location Inventory: NetSuite enables you to manage inventory in multiple locations. As you enter purchase and sales transactions, you can choose the warehouse location that will receive or fulfill the order. Inventory reports allow you to view information about your total inventory on hand, or just the inventory level at a specific location.
Matrix Items: You can handle various combinations of the same item, enabling different values for characteristics such as pricing, inventory status, and description. NetSuite gives your customers and sales representatives the ability to identify item combinations more quickly. As a result, you can meet the varying demands of your customer base more easily.
Multiple Units of Measure: With NetSuite, you can manage multiple units of measure for selling, buying, and costing each item across various sales channels, including your Web site, retail stores, partner or wholesale channels. Additionally, you can more closely track inventory costs and increase profitability.
