In my experience, demand planning is many times put aside when implementing new systems. In many midmarket sized companies, planning for the purchase of product is often performed in Excel with information pulled together from sales history and tribal knowledge from the buyers themselves. This makes the process easy to continue despite changing systems.
When choosing a costing method in NetSuite, each has benefits and some "gotcha’s" that can surprise you if you are not fully informed. Some of these show up due to multiple locations and related to specific activities such as: transfer orders, cost roll-ups, inventory adjustments, and supply methods.
Tags: NetSuite How To's
When choosing a costing method for your inventory it is very valuable to fully understand all of your options and the impact of such a decision. Things to consider when making this include the following:
Moving to a new ERP system is a big investment of time, money and resources. There’s no question about that. It’s only natural that decision makers want to take some time to ensure that they are getting the right solution for their business so that they can get the most ROI out of their investment.
On Thursday, August 2nd, Evan Goldberg, the Founder of NetSuite and EVP of Development for Oracle NetSuite released the following video titled Today, Tomorrow, and the Next 20 Years for NetSuite.