Here is everything you need to know about inventory management and supply chain management from the NetSuite 2022.1 release update.

NetSuite supply allocation pop-up window

On supply order lines, such as purchase orders, transfer orders, or work orders, the allocated demand figure links to a pop-up window. This pop-up window displays the details of each allocated demand order. On inventory lines, the allocated demand figure links to a pop-up window, which displays the details of each allocated demand order.

Allocated demand order lines can be sales orders, transfer orders, order reservations, or work orders.

On demand order lines, such as sales orders, transfer orders, or work orders (component lines), the allocated supply figure links to a pop-up window. This pop-up window displays allocated source of supply details. Sources of supply can be inventory or supply orders. When an organisation experiences shortages, demand orders are delayed. The allocated supply pop-up window displays where the inventory or supply is missing or delayed.

Vendor performance

To improve vendor performance analysis, you can now create a Vendor Performance History list view, that is based on the System Note saved search. You can create a new reminder by adding the custom saved search to negative vendor performance changes. This information helps purchasing managers improve their vendor management.

NetSuite enables you to review the available vendor performance scores when:

  • Creating Purchase Orders.
  • Releasing orders from the Order Items page.
  • Releasing orders from the Order Requisitions page.

Clicking the Purchase Order form Vendor Performance link opens a vendor list that displays late delivery scores based on historic transaction analysis. A similar link from an item on the Order Release page displays the Item Record Vendor list with late delivery scores. To invoke a late delivery prediction calculation for each purchase order, click the Get Prediction button before sending the order to the approver and vendor.

The late delivery prediction is calculated using Purchase Delivery History, which is a self-learning algorithm that analyses a complex set of transaction parameters. You can review new order predictions from the Supply Chain Control Tower Dashboard, Predicted Risks portlet, under the Late Purchase Orders tab. Based on this predicted risk, you can re-formulate your purchase order by changing vendor or altering the order requested date.

​Planning workbench view filters

This release enables you to create a saved planning workbench view which can include pre-set filters and an embedded item saved search. The item saved search can include item-related criteria, such as location and preferred supplier.You can use Saved Search to filter the planning workbench results for the item preferred supplier. This enables the planner or buyer can view all related planning data for that specific supplier.You can also use it to create a saved search that filters for an item custom field that you can call.

​​For a full recap of the 2022.1 release, you can watch the Liberate I.T.  NetSuite user event, here.

Other topics covered in the NetSuite user event include:

General administration and accounting​