Building a More Cost-Effective, Responsive Supply Chain With NetSuite

Unlock improvements across your supply chain with NetSuite Supply Chain Management solutions: https://bit.ly/3KYCeSS

Chris Benner, a vertical product manager for retail at NetSuite, joins co-host Ian McCue to share ideas on how businesses can better manage their supply chains. Chris touches on the importance of internal and external data in inventory forecasting (3:37) and how economic uncertainty impacts inventory management strategies (8:13). He explains where spreadsheets fall short with demand and supply planning (14:32) before highlighting metrics products companies should watch closely right now (15:43). Chris then breaks down several NetSuite solutions that can help businesses strike the right balance with inventory (20:49), sharing the stories of multiple customers that have seen success with the system (24:07) and where financial solutions like NetSuite AP Automation can help (27:06). With AI dominating the news, he explains potential applications of this technology in the supply chain and how NetSuite uses machine learning (31:02). The retail industry veteran covers common challenges when working with external partners and potential solutions (35:04). To close, he suggests a few supply chain priorities for organizations in the face of such uncertainty (40:22).

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