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New NetSuite 2020.2 Release
One of the benefits of NetSuite is the fact that your software updates itself twice a year automatically. Oracle NetSuite invests millions of dollars into R&D for NetSuite ERP, incorporating user and partner feedback to continuously advance the product to keep up with changing industry demands. The 5-star NetSuite team at Blytheco is committed to keeping our clients and prospects up-to-date on the most compelling and relevant features for their industry.
Watch the 2020.2 release video and a breakdown of the most compelling feature updates by industry.
Improvements for Wholesale Distributors
NetSuite WMS now includes the ability to receive, transfer, and pick goods inside a location without bins, including single order picking and multiorder picking at warehouses. Smaller warehouses benefit from the efficiency of hand-held picking without the overhead of managing bins.
Invoice grouping enables the consolidation of multiple invoices into a single invoice that’s delivered to the customer, and it also allows payments accepted at the group level to be applied to individual invoices. This reduces manual grouping, ensures accurate invoices, and improves cash flows by decreasing days sales outstanding.
You can now quickly manage and approve new wholesaler customers to purchase from your ecommerce store. With an improved form and flexible approval workflows, the new SuiteCommerce Sign Up extension lets you easily manage the registration and approvals of buyers from your ecommerce store.
Improvements for Manufacturers
Materials Requirements Planning (MRP)
NetSuite’s new material requirements planning (MRP) capabilities for supply planning (available to customers who are using NetSuite Demand Planning) has been completely re-architected, featuring a dedicated planning repository that ensures planners can make decisions based on timely and consistent information.
Fill Rate Optimization
Additional precision can be provided to supply allocation by allowing inbound shipments to be included into the allocation of supplies, in context with related purchase orders. Additionally, fill rate optimization allocates existing supply to satisfy as many sales order lines as possible based on the given supply.
Intelligent Predicted Risk
The capabilities of Intelligent Predicted Risks have been extended to include sales orders, providing users with greater insight into potential risks on goods not shipping on time. Purchase orders can be identified as being at risk and recommend alternate vendors based on new machine learning algorithms.