We previously published a Short & Suite on our YouTube channel covering NetSuite WMS’s inventory cycle count process. Quick aside, if you have not checked out our line up of YouTube videos, I encourage you to search for us by typing Concentrus into YouTube for loads of helpful NetSuite videos and how-tos. In any case, in that video I demonstrated one way to count inventory in NetSuite using a handheld. The other way is through the Smart Count SuiteApp which is included with your NetSuite WMS license. These two process options are both available to you, but Smart Count is considered the latest and greatest from NetSuite and will continue to receive updates as the software matures. Regardless, I would like to give you an overview of how SuiteApp can help you manage your inventory accuracy and cycle count process.

Tags: NetSuite, ERP, Reporting, NetSuite Partner, NetSuite How To's, Inventory Management, NetSuite Tips, WMS, Inventory Counts, Warehouse Management, Inventory Control, Cycle Count

If you have worked with NetSuite item records, you might be familiar with the Locations subtab found under the Purchasing/Inventory tab. In general, this tab offers useful informational attributes about an item including inventory, costing, among others. However, depending on the features you have enabled in your environment or the needs of the people working with these item records, the amount of information displayed can equate to noise. To address these and other concerns, NetSuite has developed a feature named Advanced Item Location Configuration which we will review in this blog.

Tags: NetSuite, ERP, Reporting, NetSuite Partner, NetSuite How To's, NetSuite Tips, Inventory, Items, Costing, Configuration, Location

If you maintain a perpetual inventory system, you understand the challenges involved with managing inventory commitment. Having a strong inventory commitment strategy can be an important key factor in maintaining customer retention and preventing lost sales due to inventory shortages or delayed ship times. Having software that supports your business needs is important, and you may be interested to know what NetSuite can offer out of the box.

Tags: NetSuite, ERP, Reporting, NetSuite Partner, NetSuite How To's, Inventory Management, NetSuite Tips, Inventory Commitment, Inventory Allocation

On August 2, 2024, UPS will be updating their authentication process. This will require NetSuite administrators to make several changes in the system to accommodate the authentication process change. Not implementing the changes may cause existing UPS integrations to fail on August 2. If you use the native NetSuite Shipping integration to quote shipping for sales orders during order entry or use the integration to generate shipping labels for UPS, this blog will help walk you through the necessary changes in NetSuite. Note: this change will not be required if you use Ship Central’s Ship Engine authentication for UPS.

Tags: NetSuite, ERP, Reporting, NetSuite Partner, NetSuite How To's, NetSuite Tips, Shipping, Integrations, UPS

NetSuite’s Supply Chain Management bundle includes a collection of features that can help drive efficiencies across the entire supply chain. We have covered several of these features on this blog including estimated landed costs, customer part numbers, and engineering change orders. This time, we will be covering the item substitution feature. Through the use of this feature, we are able to enter substitutions, which are alternative items offered to customers when their originally requested item is not available. Capturing this data in NetSuite can be helpful in driving supply chain efficiencies as it helps us analyze where supply failed to meet demand, and also helps us establish relationships between items that are suitable substitutions. Let us take a quick look at the feature and how it works.

Tags: NetSuite, ERP, Reporting, NetSuite Partner, NetSuite How To's, NetSuite Tips, Sales Order, Item Alternatives, Food and Service, Item Substitution

With the continued increase in artificial intelligence algorithms, more technology companies are looking for opportunities to implement this new tool into their software catalogs. Oracle is no stranger here and has recently been deploying various AI tools across their software offerings, including NetSuite. One recently released AI driven tool is the intelligent recommendations feature. If you use NetSuite sales orders, there is a good chance you have seen a new spiffy Intelligent Recommendations button on your sales order forms. What does it do and what is all about? Read on to find out.

Tags: NetSuite, ERP, Reporting, NetSuite Partner, NetSuite How To's, NetSuite Tips, Artificial Intelligent, Intelligent Item Recommendations

In the manufacturing industry, knowing the cost of a finished good is critically important in driving decision-making. For instance, knowing costs helps identify opportunities to reduce component costs, and help set sales prices to ensure profitability. For companies using NetSuite’s Advanced Bill of Materials feature, it can be challenging to query the required data through saved searches or Suite Analytics datasets. This can be especially so if you use multi-level assemblies. Fortunately, NetSuite released the Costed Bill of Materials SuiteApp which aims to facilitate this querying process by providing a streamlined and centralized process for pulling this important cost data. Let us dive in and see what it is all about.

Tags: NetSuite, ERP, NetSuite Partner, NetSuite How To's, NetSuite Tips, BOM, Manufacturing, Bill of Materials, Work Order, Costed BOM

For many clients, managing customer returns is an important business activity. In addition to the logistical challenges of approving customer returns and providing customers with a way to send back defective merchandise, an important consideration is ensuring these customer returns are accounted for properly. When a customer returns inventory, it is important that the cost of that inventory is accurately assessed and captured in the books. NetSuite offers several process options to help manage this which we will review on this blog.

Tags: NetSuite, ERP, Project Management, NetSuite Partner, NetSuite How To's, Accounting, NetSuite Tips, NetSuite Integrations, NetSuite Administrator, Customize, Inventory Costing, Netsuite ERP, Pricing Groups, Group Pricing, Netsuite Updates, NetSuite Features, NetSuite Support, COGS, Costing, Customer Returns, Return Costings, Item Returns

For companies who maintain perpetual inventory, inventory allocation is an important business process area to track. Understanding the relationship between supply and demand, and having the systemic tools to manage this, is critical to ensuring the company is able to meet customer needs. This involves making sure you not only have the required supply, but that you are able to have the required supply when the customer needs it. Fortunately, NetSuite provides the Supply Allocation feature which, when configured, can help you match both existing and future supply to customer demand. Let us take a look at how this works.

Tags: NetSuite, ERP, Project Management, NetSuite Partner, NetSuite How To's, Accounting, NetSuite Tips, NetSuite Integrations, NetSuite Administrator, Customize, Inventory Costing, Netsuite ERP, Pricing Groups, Group Pricing, Netsuite Updates, NetSuite Features, NetSuite Support, COGS, Costing

As you journey through your NetSuite implementation, one important consideration may be deciding which costing method to use for your items. NetSuite offers a multitude of costing methods which, when properly configured, help you maintain accurate costs and costs of goods sold. One such costing method we will review today is Group Average Costing. Traditionally, Average Costing in NetSuite has been one average cost per location. However, NetSuite also offers Group Average Costing as a way to maintain a single average cost across multiple locations. How do we set this up? Read on to find out.

Tags: NetSuite, ERP, Project Management, NetSuite Partner, NetSuite How To's, Accounting, NetSuite Tips, NetSuite Integrations, NetSuite Administrator, Customize, Inventory Costing, Netsuite ERP, Pricing Groups, Group Pricing, Netsuite Updates, NetSuite Features, NetSuite Support, COGS, Costing