NetSuite’s Advanced Inventory module helps in tracking and controlling inventory at key points in the supply chain, replenishing levels when stock falls below a set threshold, and reducing costs for procurement, warehousing and shipping. It provides customers with real-time dashboards and analytics. WMS Lite by NetSuite is a Warehouse Management System that helps in streamlining and automating warehouse operations, with end-to-end visibility into the entire lifecycle of items that enter a warehouse. Additionally, WMS Lite has functionalities to address labor management.
Advanced Inventory is ideal for a smaller business with less complex warehouse processes and limited product range, and is a standalone system that can fulfill all its inventory management needs. WMS Lite on the other hand, while requiring a larger monetary investment, is more appropriate for a business with large warehouse operations, and has added functions of production and sales. Advanced Inventory has the potential on expanding on its functionalities by adding on modules that are native to the WMS suite. Both systems overlap in many of their features, and are similar in that they help in monitoring product levels, and management of order picking and packing, shipping and receiving. The differences between NetSuite WMS Lite and Advanced Inventory can be broadly summarized as follows:
Outgrowing Advanced Inventory, but not yet ready for WMS? Schedule a demo to see how Tvarana can add Suiteapps to extend your Advanced Inventory functionality.
