This year, during an annual SuiteWorld event 2019, NetSuite Oracle announced to enhance its project i.e. “SCOPE”(Supply Chain Operational Excellence). The “SCOPE” project was initiated in the year 2005 in the presence of their esteemed customers at their headquarter.
By listening to their customer insights such as the challenges they are facing and opportunities they are looking for in Supply Chain, NetSuite collected a list of supply chain features to be added further so as NetSuite users can drive efficiency in their supply chain.
In 2017, NetSuite started to release these new features to customers and every six months or so they have been getting a little more. So far, major new features have included:
Inbound Shipment Management:
- * NetSuite WMS
- * Inventory Status
- * Quality Management
- * Supply Chain Snapshot
- * Automatic Location Assignment
- * Cross-Subsidiary Fulfilment
- * Engineering Change Orders
- * SuitePeople
Now, let’s focus on those features that NetSuite is planning to include and launch:
More Control With ‘Supply Chain Control Tower’
Customers initially said that the No. 1 thing they needed was a single page from which they could monitor an entire global supply chain and be alerted of actual and potential issues – and be able to resolve them with one click. The new Control Tower feature is the start of this key piece of functionality and will continue to evolve. Using AI and machine learning, customers will be able to predict which orders are going to be late, identify possible workarounds and flag affected orders..
‘Allocation & Commitment Engine’ To Drive Seamless Demand
Of course, being able to do all that means that the system needs to know exactly which actual or future inventory it is going to allocate to which demand. In traditional ERP systems, that’s usually part of an MRP run – but NetSuite has built an entirely new allocation and commitment engine that is rules driven and continuous. The system will continually try to optimize how to best use inventory and even help allocate between channels to ensure you meet your desired service levels at all times.
‘Update Demand Planning’ To Fulfil Timely Demand
NetSuite first introduced the demand planning solution around 2011 and has been receiving and listening to feedback on it ever since. NetSuite is now going to launch an entirely new planning engine. It’s going to be a multi-year effort to get this fully launched, but you can expect to see the fruits of this labour relatively soon.
If you are looking for NetSuite implementation, customization or supply chain solution, contact Techcloudpro today to simplify your business unit.