Advanced Inventory Management

You can use the Advanced Inventory Management (AIM) feature to automate demand-based inventory replenishment.

Distribution and Demand Planning

Creating a Refresh Planning Repository Schedule

After you select the Reorder Point replenishment method, you'll enter inventory management settings on item records. NetSuite then anticipates future demand for the item and adjusts how it suggests you order items. Your account uses past purchases and sales to calculate reorder points and preferred stock levels for items.

Item Records

The Advanced Inventory Management feature enables you to use item records to track Lead Time, Safety Stock, and Seasonal Demand for inventory. Item records also show how many of each item you have. NetSuite uses these numbers to continually assess stock needs and update replenishment orders.

These automated calculations help you to keep an ideal stock level and avoid excess inventory. However, you can override or turn off the calculations if you need to handle unusual situations. You can also turn off advanced inventory management functions for a single item. Then you can revert back to the last values you entered for lead time, preferred stock level, and reorder point.

When you turn on Advanced Inventory Management, NetSuite auto-calculates data on the first night, no matter which weekday you set for regular weekly recalculations.

Related Topics

General Notices