What is Inventory Management?

Inventory management is the process of overseeing and controlling the flow of goods or products within a business. It involves the acquisition, storage, tracking, and distribution of inventory to ensure optimal levels are maintained to meet customer demand while minimizing costs and maximizing efficiency. Effective inventory management aims to strike a balance between having enough inventory to fulfill orders and avoiding excess inventory that can tie up capital and storage space.

Within NetSuite, inventory management is possible through a native SuiteApp like ZoneBilling. Designed based on requests from NetSuite users, ZoneBilling manages inventory inside NetSuite and handles everything from straightforward quantity discounts to temporary subscription uplifts, usage-based billing, or a completely unique one-off combination of requirements.