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NetSuite 2018.1 Includes New Features for Wholesale Distributors

Sikich

Mar 13 2018

3 min read

NetSuite is a true cloud solution and includes major releases twice per year as part of your subscription. The fantastic thing is that the upgrades happen automatically and at no additional cost. Within a few weeks of a new release, 100% of NetSuite customers now have the updated release and access to all of the new great features!

Here are the key new features that impact wholesale distributors from its latest update.

Supply Chain Control Tower

Provides the ability to visually monitor your inventory, demand, and supply across your entire global supply chain
Time phased view to help identify future imbalances in demand and supply
Filter and drill down into transactions to take action directly from the Tower
Export the entire grid to Excel for further analysis

Single customer record across all subsidiaries

Single view of the customer throughout the organization
View, share and manage customers across multiple subsidiaries
Assign customers to transactions regardless of the subsidiary they initially were created in

Inbound Shipment Management was introduced in 2017.2, 2018.1 adds several important enhancements:

Enter landed cost (freight, brokerage fees, duties, etc. ) against the inbound shipment record
Multicurrency enabled
Multiple ways to allocate the costs (value, quantity, weight)
Can use SuiteScript to add complex logic and calculations to personalize for your companies specific needs

Fulfill sales orders from warehouses in different subsidiaries

Define global inventory relationships that includes location restrictions
Reduces the number of steps required to perform intercompany transactions
Allow warehouses from other subs to fulfill product directly without the need to perform a drop shipment
Fully integrated with NetSuite’s Advanced Order Management

Quality Management Updates

Quality Management was part of update 2017.2 as a standalone module. Before that it was only available as a part of advanced manufacturing. In 2018.1, NetSuite has several new enhancements.

Now available for use with standard manufacturing
Quality Management previously focused on incoming materials from vendors, but it now can be triggered from an assembly or manufacturing activity or receipt of finished goods
Can perform inspections from a tablet (iPad, Android)
Capture image from the tablet interface and automatically attach to the quality record

There is much more to cover, but these features will provide the most benefit to wholesale distributors. It’s amazing and refreshing that NetSuite is able to consistently provide this type of new release functionality twice per year, and that within weeks 100% of NetSuite customers are able to take advantage of all of these new great features.

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About the Author

Sikich

Sikich is a global company specializing in technology-enabled professional services. With more than 1,900 employees, Sikich draws on a diverse portfolio of technology solutions to deliver transformative digital strategies and is comprised of one of the largest CPA firms in the United States. From corporations and not-for-profits to state and local governments and federal agencies, Sikich clients utilize a broad spectrum of services* and products to help them improve performance and achieve long-term, strategic goals. *Securities offered through Sikich Corporate Finance LLC, member FINRA/SIPC. Investment advisory services offered through Sikich Financial, an SEC Registered Investment Advisor. 