Developing Restaurant's Profitability System

• Bin Management

Warehouse organization is a critical aspect of any business that deals with inventory management. One of the essential tools for efficient warehouse management is bin management. Bin management helps you keep track of on-hand inventory quantities and simplifies the process of receiving and fulfilling orders. In this blog post curated by leaders of NetSuite Integration in India, we will discuss how bin management can help your business and the two NetSuite features for bin management.

Bin management involves identifying specific locations in your warehouse where you store inventory items. By tracking items by bins, you can easily organize receiving items and simplify the process of picking items to fulfill orders. When you receive a purchase order, the order provides which bin to put the items away in. Then, your stock level of that item in that bin is tracked. When you enter the item on a sale, you can specify the bin to pull the item from based on available quantities. This helps warehouse employees know exactly where to go to find the quantity of items they need when picking and fulfilling an order.

• Bin Management Feature

There are two NetSuite features for bin management: Bin Management and Advanced Bin / Numbered Inventory Management. Bin Management is a basic means of tracking inventory in bins and requires that you associate bins with items before you can use bins on transactions. This feature does not allow using bins with serialized and lot numbered items or on a per-location basis. On the other hand, Advanced Bin / Numbered Inventory Management is an enhanced version of tracking bins, including for serial numbered and lot numbered items and on a per-location basis. Using this feature, you are not required to pre-associate bins with items to use bins on transactions. Also, you can associate bins with serialized and lot numbered items or use bins on a per-location basis.

Enabling Basic Bin Management or Advanced Bin / Numbered Inventory Management is easy. To enable Basic Bin Management, go to Setup > Company > Setup Tasks > Enable Features, click the Items & Inventory subtab, and check the Bin Management box. To enable Advanced Bin / Numbered Inventory Management, go to Setup > Company > Enable Features, click the Items & Inventory subtab, and enable the Inventory feature in addition to one or more of the following features: Bin Management, Lot Tracking, Serialized Inventory. Then, check the Advanced Bin / Numbered Inventory Management box and click Save.