NetSuite Industries: Electronics and High-Tech
Eliminate Manual Processes and Boost Innovation
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Optimizing NetSuite Supply Chains in Electronics
The electronics and high-tech industry face fast-paced operations and rapid changes, making accuracy, speed, and flexibility key characteristics to supporting a strong supply chain. Yet, many companies in this sector still rely on manual processes, oftentimes leading to errors, slow operations, and a lack of real-time visibility.
Recently, the industry has encountered additional supply chain challenges including inefficient inventory management, order fulfillment delays, and component shortages. By implementing a solution that is Native to NetSuite and automates paper-based processes, companies in this sector can eliminate these challenges and stay competitive in a highly formidable market.
Automating Inventory for Strategic Innovation
Market competitiveness in the electronic and high-tech industry hinges on replacing manual processes with automated solutions. Mistakes such as overlooking small electronic components or inaccurately counting items can lead to stockouts or overstocks, reduced productivity, and decreased customer satisfaction.
Examples of how to automate NetSuite inventory management include:
Implementing a comprehensive software solution to track and manage inventory
Using handheld scanners and mobile devices for rapid data capture
Initiating a cycle counting schedule to manage regular inventory checks
Integrating serialization for enhanced product traceability
Adopting kitting and bundling to complex product assembly management
Gaining the Competitive Edge with RF-SMART for NetSuite
RF-SMART offers a powerful solution for companies in the electronics and high-tech sector that are on NetSuite and looking to streamline their inventory management.
In an industry where product lifecycles are short and demand can fluctuate rapidly, having accurate, real-time visibility into inventory levels is crucial.
RF-SMART's Built-for-NetSuite Warehouse Management System (WMS) provides real-time visibility of inventory levels, enables better decision-making, and reduces the risk of component shortages through:
Advanced Barcode Scanning: Quickly records inventory movements using handheld scanners or mobile devices, eliminating errors and providing real-time stock information directly in NetSuite.
Cycle Counting: Enables regular, targeted inventory checks to quickly identify and correct discrepancies, reducing component shortage risks and improving order fulfillment.
Serialization: Enhances traceability, enabling precise tracking of components and products for efficient recall management, regulatory compliance, and shortage resolution.
Kitting and Bundling: Streamlines assembly management, improving efficiency by pre-assembling components, reducing errors, and ensuring part availability to prevent delays and optimize inventory use.
How RF-SMART Helped Industrial Controls Solutions
Achieve Inventory Accuracy
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Challenges
Industrial Controls Solutions, a manufacturer of smart control systems for industrial equipment and machinery, relied heavily on manual paper-based processes. These processes resulted in an increase in human errors, decreased inventory accuracy, and time-consuming physical stock counts.
Solution
With RF-SMART’s Built-for-NetSuite WMS and barcode scanning solution, Industrial Controls Solution experienced an increase in end-to-end visibility from receiving-to-shipping. By automating their picking, packing, shipping processes and implementing cycle counting, the company was able to eliminate inaccuracies caused by human errors and manual processes.
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Results
By implementing RF-SMART’s WMS, Industrial Controls Solutions experienced:
100% accuracy on outgoing shipment99.8% overall inventory accuracy 1.5x increased in production efficiency Annual inventory counting reduced from 3 weeks to 2 days
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