NetSuite 2022.1 Warehousing Updates Focus on Increasing Profitability, Accuracy and Save on Processing Times

NetSuite 2022.1 Warehousing Updates Focus on Increasing Profitability, Accuracy and Save on Processing Times

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Retail demands have increased by 3.8% in North America for January 2022, and globally for a 16.8% increase for online sales. This increase gives both an opportunity and a push for warehouse managers for more output. Operation managers must then figure out how to utilize their resources efficiently to ensure they meet these demands and not fall under economic pressures. 

NetSuite 2022.1 Warehousing has compiled a suite of custom solutions to make warehouse operations more efficient and reduce management worries. Starting with updates in automation, warehouse managers can experience faster, more accurate daily processes to meet the demands. This release review also introduces the new centralized dashboard in NetSuite Analytics Warehouse that helps busy project managers see cash flow trends and optimize the supply chain management.

NetSuite 2022.1 Warehousing focuses on optimizing all aspects of the receiving, storing, and fulfilling stages. Explore more on NetSuite 2022.1 release in the overview document below:

Automated Packing and Picking on Mobile App

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The current release allows operations employees to do more on NetSuite’s Warehouse Management System (WMS) mobile app. From performing order processing to wave transactions, organizing and storage to staff administrative processes.  

NetSuite 2022.1 Warehousing comes with real-time insights on each process in the supply chain to ensure project management visibility and quality inspections at any required stage. This information also helps managers to keep an eye on inventory with their complete warehouse management system.

NetSuite Pack Station – Packing Efficiency:

The app updates help to ensure accuracy in packing and shipping processes. For instance, operation managers easily find items picked and their shipping destinations, then have them packed in that same dispatch.

Package Weight Conversions

Warehouse employees can now convert easily between kilograms to pounds based on item weight requirements. No longer stopping to calculate the unit conversion and lessening the chance of errors. 

Bulk Pack for “Ship as Is”

The updates allow workers to process “Ship as Is” items in bulk, for both packing and unpacking. This lessens any duplicating issues when picking similar items that are needed for different orders at one time. 

Instructions Access Before Packing

Packers can now see packing instructions easily on the mobile app before starting the order. Accessing the instructions ahead of time helps with properly preparing for what is required for the order to save time and avoid errors.

NetSuite Warehouse Management System (WMS) App- Picking Efficiency:

Users can now pick similar items faster without duplicating the pick paths using the latest features in the NetSuite WMS app. Counting errors can also be reduced during scanning with the tally scanning feature that performs both functions at the same time. The single mobile screen gives more visibility to comprehend real-time data to improve inventory monitoring.

Zone Picking

With the warehouse in zones, workers can now pick in specific zones to save time and avoid duplication of pick paths. This increases the production output, business expandability, and operations agility for varying proportions for orders, products, and picker capabilities.
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Tally Scan

Order pickers can simultaneously count items as they are being scanned with the new tally scanning functionality. Workers no longer need to manually tally the items in the system for cycle counting, transferring inventory, and product putaway.

Wave Filtering on Mobile Device

On the mobile device, users can now find filters for orders and waves not currently being picked, which help workers find tasks to start and avoid duplicate orders.

Picking & Wave Transactions

Updates in the mobile app provide comprehensive visibility for picking and wave transaction statuses. This is done in real-time and all on one screen in the app.

Warehouse Operations are Optimized for Efficiency

NetSuite 2022.1 has updates for each stage of warehouse management with the objective of increasing production yield and operational efficiency.

Receiving

Warehouse employees have a better handle on logistics on inbound inventory ensuring proper receipt and storage. In addition, transportation can be managed and monitored easily with the NetSuite WMS system.

Updates on the mobile app now ensure each item is received accurately and can be easily viewed instantly to fulfill any open orders. For putaway strategies, only the required item information is acquired and, at the same time, put into the inventory.

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Storage

Warehousing businesses can benefit greatly from organizing their storage space in a strategic manner that best fits the processes. It is even more critical to have strategic space organization in busy seasons, such as the holidays since there may be additions to inventory in order to meet the demand at that time. NetSuite 2022.1 release updates help to ensure items are relevantly stored in the warehouse, that there is always space for new arrivals. In addition, it helps to conveniently identify and store fast-moving inventories to reduce picker movements

Fulfillment

NetSuite 2022.1 has optimized each stage of the order fulfillment process, by ensuring customers receive their orders with speed and accuracy. The warehouse workers also experience simplified and standardized processes that lessen errors and improve operational efficiency with the allocation at fulfillment functionality.

Let’s explore each stage of order fulfillment from identifying and releasing orders, to assigning them to item lots, plus additional optimized capabilities at sub-stages.

Wave Release for Identifying and Releasing Orders

It is easier to identify appropriate orders to be released in waves based on any of the custom record types:

  • Customers
  • ETA (estimated time of arrival) or shipping dates
  • Item types
  • Specific Zones
  • Delivery Method

Releasing all picked items together increases efficiency and saves time.

Recommended Item Lots

The relevant and recommended item lots can be identified using the pick strategies in the system. The strategies are selected based on the purpose of the items. For instance, the First-Expired-First-Out (FEFO) method is used to assign items into lots based on production dates. Other picks include ones to clean, fill or assign to the primary bin location.

Warehouse Picking Guidelines

To ensure inventory is optimally utilized, guidelines and best practices are provided to workers through the system. The utilization criteria are based on when and how items are used to meet efficiency standards.

Pick Path and Zone Picking Strategies

For single- and multi-order picks, the release comes optimized to support zone picking and pick path strategies. Workers can save time on multi-orders by seeking grouping opportunities for similar items when processing multiple orders at once.

Additional Business Intelligent Features in Pack Station mobile app

Companies can conveniently identify items that should be packed together based on having a similar shipping location using Pack Station. Also, customizable labels and lists (such as pack carton details & pallet labels, bills of lading, and packing lists) can be printed readily for faster shipment. To help decrease shipping costs, item weights can be checked at the kiosk to attain more affordable packaging.

Pre-Built Analytics for Warehouse Operations

Many warehousing businesses have seen the benefit of implementing the latest version of the NetSuite Analytics Warehouse. The tools for business intelligence along with the prebuilt data warehouse give businesses smart data inferences from their daily transaction data all on a single dashboard. In addition, the new version integrates both NetSuite and non-NetSuite datasets with a built-in report builder that managers can use for financial planning.

List of Pre-Built Analytics from NetSuite 2022.1 Release: ​

Explore more advanced features of the NetSuite 2022.1 Release

Get a comprehensive overview of the current updates NetSuite has for other industries in the Release Notes.

Test your business workflows! See how the latest updates can optimize your business by testing the new features in the Release Preview Test Account.

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NetSuite 2022.1 Manufacturing – Improvements in Warehousing & Supply Chain Management

NetSuite 2022.1 Manufacturing – Improvements in Warehousing & Supply Chain Management

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Signature Release Features for Customers in the Manufacturing Environment

Zoning in the manufacturing industry highlights some of the problems managers face that put them in great competition with suppliers, retailers, and distributors. NetSuite took notice of these problems as well and has prepared a custom release package, NetSuite 2022.1 Manufacturing, that will equip manufacturers with the tools and insights, they need to address the challenges.

With the current workflows, manufacturers are finding it difficult to compete with issues of oversupply of materials, undersupply of workers, also, inflation affecting the price of raw materials. Despite the challenges, manufacturers are determined to find out how they can improve production predictions, increase productivity through automating more, and lessening any inventory left in stock rooms.

To make this work, NetSuite 2022 Release 1 (NetSuite 2022.1) is set to overcome the challenges for customers with advanced features that will improve their overall competitive performance.

Get a complete scope of the 2022 NetSuite Release updates by downloading the notes below, and see what is in store for your business’ growth.

This blog explores the updates from 6 NetSuite modules for NetSuite 2022.1 Manufacturing:

Supply Chain Release Features: Improved Inventory Management

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New Filters in the Supply Planning Workbench Software Release Enhances Production Planning

Currently, the Supply Planning Workbench is being used to display supply and demand orders and access details on finished good components. This helps manufacturing companies with the availability of resources and the ability to have modifications. The operations team access these details and improve production planning since the parts and materials can be checked and verified to ensure they are ready for delivery based on the date set. Adjustments can also be made at any stage based on any changes in the demand. This customization will especially help customers in the food and beverage industries, as the features of the release increase the efficiency of business processes when dealing with suppliers.

Taking it to another level, the improved Supply Planning Workbench in NetSuite 2022.1 (NetSuite 2022 Release 1) will provide customers with more insights for faster business processes and more informed decisions. When selecting items in the application, managers can now apply filters that only show related information to the role they direct. This filtered information would also provide more relevant descriptions of the item, vendors, and information regarding any oversupply that may exist.

Customizations Now Project the Status of Suppliers for Increased Efficiency in Business Processes

Mitigating the occurrences of under and oversupply is another challenge that the 2022 NetSuite Release 1 has taken on. With a new modification to the Vendor Performance Scores, manufacturers will get more data insights on the best possible timeline of the orders for certain supplies. NetSuite uses past data to create smart insights on the performance of each vendor matched with a ‘Confidence’ rating on a scale of 1 to 100 for each ‘reliability projection’. The benefits of new release having smarter insights include better planning, purchasing, and negotiating when it comes to vendors.

Resource Allocation for Manufacturers with Limited Inventory

Operation managers can better determine how best to split up their available supplies using the new prioritizing functionality in 2022 NetSuite Release 1. The key is to allocate inventory based on what is best for the business. The new solution allows production planners to do more with the ‘Allocated Demand’ feature; specifically, they can allocate their supplies to relevant orders (customer, work, or transfer) based on the new customization. For available supplies, they can be better allocated by prioritizing either profitability, critical customers, or sales channels.

New Supply Chain Management (SCM) App Functionality to Validate and Control Inventory Quantities

Supply quantities can now be easily validated and controlled for production runs using the new application updates in NetSuite Manufacturing and Supply Chain Management (SCM) apps. For the manufacturing application, the designs have been made simpler and provide a more intuitive user interface. With this update, production managers can validate the quantities needed for production runs. The app also has an ‘Enable / Disable’ feature to aid in controlling over-production. If there are any extra supplies, the inventory levels can be controlled by this new app feature.

Warehousing Release Features: Supports Better Flow for Pick Paths & Packing Strategy

The updates to the Warehouse Management System (WMS) app offer better zone picking, tally scanning, and searching capabilities. For zone picking, the app updates increase the speed at which the product is found in the warehouse by accommodating both single and multi-order picks. These reduce the time in movement it takes workers to search for and scan items. This especially benefits workers who use different methods of picking to reduce any repetitions or duplications of pick paths and have a better flow with zone picking.

Warehouse workers will be able to simultaneously scan and count items for put-aways, cycle counting, and inventory transfers with the ‘Tally Scanning’ update. With this update, they no longer need to manually enter numbers for each item, since there is more accuracy in tallying. In addition, when finding the ‘picking status’, managers have an improved searching experience since they can now choose more waves to be released at one time. This customization also saves time when searching for, and printing labels which are all done on the mobile app.

Packing Solutions to Save Time on Business Processes

There are updates made to the NetSuite Pack Station app to increase packing speed by addressing the numbers, instructions, and units. For the numbers, the packing and unpacking of “ship as is” items will be able to be done in bulk instead of individually. The instructions for packing each item will now be shown before packing starts. This helps production planners to have better control and processing times. NetSuite 2022 release 1 update also includes a built-in unit conversion tool for weighing each package in either pounds or kilograms as required.
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Cash Position Release Features: Cash 360 Software Functionality for Business Decision Making

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Functionality for Better Financial Decision Making & Business Processes in the Cash 360 Environment

NetSuite 2022 Release 1 has launched the Cash 360 app, an all-in-one financial management dashboard. It shows the company’s cash position as required, either in weekly insights or predictions for 6 months, all mapped on clear graphs/charts. Manufacturing financial managers use this tool for strategic planning, workflow accuracy, and auditing current inventory for improvements or savings. The app has an ‘Event’ feature that allows managers to add any large purchases, investments, or loans that the company decides to take. Each event is easily accessible, and the data can be analyzed to make smart financial decisions to further improve the cash position.

Customization for Intercompany Transactions in Cash 360 Software

Bills and credits can now be tagged by companies that do not have a full workflow on the new NetSuite App update. This makes it easy for accountants to match invoices for intercompany transactions. The foundation for this update was the ‘Intercompany Netting’ feature in 2021 Release 2 which reduced the human input and potential errors for subsidiary-related transactions. NetSuite further enhances the view of the intercompany account balances.

Inventory Release Features: Inspection Upgrades for Better Quality Management

Inspection Messages in NetSuite Quality Management App

To ensure manufacturers maintain the best quality throughout the production process, the new release now supports on-demand inspections in the NetSuite Quality Management app. These can be set up for certain times or as necessary in addition to the standard set schedule. Triggers are also built-in to send alert messages to workers of any failed inspections and repairs that need to be reinspected.

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Full Screen Customization of Tracked Lots

Reports for operation processes also get updated on the app, now with a full display of all the ‘Tracked Lots’ for both forward and backward tracing on screen. Operations managers can also modify the parameters for the report based on the transaction or the item to help with inventory management.

Save Time Assigning Inventory Numbers to Order Phase and at Fulfillment

Fulfillment numbers will be better and more easily assigned with the new release. Specifically, for ‘First Expired, First Out’ (FEFO) fulfillment that helps to reduce under-utilized inventory, the numbers are more simply assigned to items that need them. The update also reduces the steps for FEFO, since it can be used at both assigning inventory to order phase and now at fulfillment.

Analytics Release Features: More Data to Make Informed Decisions

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Using Past Data for Smart Future Predictions

The 2022 release updates the NetSuite Analytics Warehouse app to help manufacturers devise more tactical and strategic decisions to meet the demands of the industry. From maintaining low costs to satisfying customers, NetSuite provides the data and analytic tools to help to make better decisions. The release offers an overall 50% increase in analytical capabilities with the 18 new transaction types that are already developed and ready for use, as well as new dashboards. The two existing dashboards are the foundation of this new solution, along with 6 new dashboards for business insights. NetSuite Analytics Warehouse also offers ‘Point-in-Time Analysis’ from reports created from past data sets for inventory, work orders, and expense reports.

Analyze Multiple Datasets Without User Restrictions

o improve business performance, the SuiteAnalytics app has updated the user interface, now there are more allowances and multiple datasets all on a single platform. The newly designed interface accommodates a drag and drop feature for needed links and users can also link multiple datasets of custom records. The permission boundaries for analyzing multiple data sets have been removed; now no coding in SuiteScript API nor developer resources are required first. Less time and resources are spent on analysis with this new feature. Now managers can better measure the business performance for the budget, forecast, or planned data to the actual more efficiently.

Integration Release Features: Combine External and Internal Interfaces in One Environment

Customers Monitor All Business Integrations in the NetSuite Connector App

The NetSuite Connector app has been updated to monitor both external and internal applications in one place. Eliminating the need for manufacturers to use external applications separately. Better monitoring helps with visibility, tracking, and auditing.

Find out More on NetSuite 2022 Release 1

There’s a lot more to discover with NetSuite’s new release and the advantage it offers to manufacturers to make ambitious moves and overcome challenges with the supply chain and purchasing decisions.

Keep an eye out for the live updates in the production Account to get a chance to test before changes are made to the LIVE account.

Let ERP Buddies handle all the tech support needed to test these updates in your Sandbox Account. This way there is no interference with your existing workflows. Click Here to touch base with a consultant.

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How to Revamp Warehouse Operations with NetSuite

How to Revamp Warehouse Operations with NetSuite

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What is a Warehouse Management System?

Warehouse management involves the procedures and principles that are involved in running the day-to-day warehouse operations. A warehouse management system (WMS) is software that organizes many different points in the supply chain, this wide variety of tasks include receiving, organizing warehouse floor, scheduling labour, managing inventory, and fulfilling orders to optimize warehouse functionality. Tasks are facilitated through automation such as planning, organizing, and more. This type of supply chain management can only work as efficiently as the warehouse workflow, which means the effectiveness of a WMS is vital for overall success.

On the occasion that a step in the supply chain such as in the warehouse where raw materials are not received promptly or misplaced, the supply chain function will be slow or possibly disrupted. This is the reason that ensuring that a seamless WMS is in place will make or break your supply chain and business processes.

Coordinating all these jobs efficiently is a big task which needs to be carefully optimized to deliver the best customer service to cater to customer demand.

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Why Should You Implement a Warehouse Management System?

When a business implements a warehouse management system, such as NetSuite, you will have full visibility into real-time inventory levels, storage, employee productivity, demand forecasting along with order fulfillment. Enterprise resource planning systems such as NetSuite WMS are important to have as they eliminate manual processes and possible guesswork. NetSuite WMS streamlines processes that will save time and give insights to more accurate information without a warehouse manager having to do frequent warehouse audits.

Ease of access to information will allow managers to easily identify the areas where there could be an improvement in the warehouse processes. The tools provided by NetSuite drives strategic decision-making for operations managers. This will help the overall health of the warehouse operations for a flawless run and the fulfillment of customer orders.

Challenges with Manual & Paper-Based Warehouse Management:

1. Inaccuracies: With paper-based management, the data on record is only as accurate as it is often updated, even then a jumble of information can lead to confusion. Human error is the biggest culprit when it comes to relying on pen and paper, which will ultimately dampen the experience to the consumer.

2. Visibility: Small to midsize businesses will often rely on manual inventory methods. Manual inventory management lacks real-time visibility, this leaves the businesses in a vulnerable position due to inaccuracies in inventory levels that can lead to multiple repeat orders of a product and not having the product on hand. Supply chain operations can be put under stress and not deliver due to inaccurate stock levels.

3. Misuse of Space: Mapping our warehouse floor plans by hand, makes this an inefficient task due to difficulties in tracking and updating the spaces. When space is limited, this leads to needed space becoming under-utilized, or on the contrary, the risk of running out of warehouse space surfaces.

4. Disorganized Order Release: Order release and manual WMS is a risky combination. This makes a likely situation of mis-picks. mis-picks aren’t difficult to resolve, although, this increases labour work of putting back incorrect items and picking the correct item. This also causes delays in time. Most times mis-picks leave the warehouse undetected.

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Are You Ready to Upgrade your Warehouse Management System?

NetSuite Warehouse Management System Functionalities

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1. Real-time Visibility: NetSuite allows users in every department to access the same data at any moment, from any location. Everyone views the data in real-time. Oftentimes businesses are running on different software platforms which creates gaps in information and communication. These communication gaps can make tasks such as operations planning difficult.

2. Mobile: As previously mentioned, users can access the information from anywhere at any time. This is done through either desktop access or mobile access. Through a mobile application, NetSuite WMS will allow employees to view information, and perform tasks such as select/scan barcodes for transactions, items, lots/serial numbers.

3. Strategic: NetSuite also allows for a more strategic approach when operating the physical warehouse, such as coordinating bin locations to specific areas that the bins belong to and optimizing all the available space. Having such orderly shop management allows for convenient delivery and order fulfillment.

4. Templates and Automation: With premade templates, processes such as wave releases can be automated and make it easy for warehouse managers to identify orders, to release orders for a warehouse for picking, this can be based on any criteria such as customer, expected ship date, shipping method, etc.

5. Inventory Management: Due to customer demand constantly changing, inventory management systems allow for tracking relevant trends. Without insights such as tracking trends, resource allocation may fall short and the customer’s needs may not be fulfilled. On the other hand, if products are hard to locate in the warehouse, efficient production will lack and inventory management can help to eliminate this with real-time visibility of products

6. Barcode functionality: NetSuite can also generate barcodes for products for easier tracking. When a barcode is generated there is an improvement to the functions, the warehouse workers, can track the status of a product as it moves in and out of the warehouse in addition to seeing if the product was picked, packed, and shipped, operations management is overall eased.

7. Integrations: NetSuite WMS has the capability to add integrations to 3rd party software. Such as e-commerce and financial management. NetSuite has a wide range of integrations that can be applied to create a holistic solution if you wish to maintain certain aspects of your operations management separate. Follow industry standards and have accountable conduct with ease when aligning departments together.

NetSuite WMS

A holistic solution for warehouses is important. NetSuite WMS provides a solution that will create a unified workflow in the warehouse, tying in aspects of the supply chain that will optimize everyday operations. Our Buddies expert can help you determine what your warehouse operations need to elevate and meet your business goals while benefiting from recurring customers. Eliminating manual processes will deliver customer satisfaction while also minimizing handling costs in demand management processes. As mentioned earlier having miscommunication within different parts of the warehouse supply change can create problems that ultimately will reach the customer. This opens doors to the risk of losing customers. Eliminating manual processes will deliver customer satisfaction while also minimizing handling costs. Supply chain professionals look for support from NetSuite as a method to mitigate stress to the supply chain and aid in production planning.