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

For any company producing and selling edible products, being able to trace a lot number’s usage and history is a critical need given regulatory requirements by the government. Tracing where a lot number has been used must be done quickly and efficiently in the event of a recall. Failing to produce this information in a timely fashion can be devastating to a business.

Tags: NetSuite, ERP, Project Management, NetSuite Partner, NetSuite How To's, NetSuite Tips, Purchase Order, NetSuite Integrations, NetSuite Administrator, Customize, Sales Order, Netsuite ERP, Netsuite Updates, NetSuite Features, NetSuite Support, Food, Engineering, Change Order, Lot Trace, Lot Number, Traceability, Food Industry

Throughout a product’s lifecycle, performance or process issues may necessitate changes to a product’s specifications. Often, these changes to specifications can take the form of a process or component change to the product’s bill of materials. In the manufacturing space, tracking these changes is important and over time a product may undergo a series of revisions which need to be tracked for regulatory or internal quality control purposes. 

Tags: NetSuite, ERP, Project Management, NetSuite Partner, NetSuite How To's, NetSuite Tips, Purchase Order, NetSuite Integrations, NetSuite Administrator, Customize, Sales Order, Netsuite ERP, Netsuite Updates, NetSuite Features, NetSuite Support, Engineering, Change Order

The Supply Chain Management SuiteApp offers a toolbox of useful features which can help you streamline and centralize operational activities within NetSuite. One of the many tools within the Supply Chain Management bundle is the Customer Part Number feature. 

Tags: NetSuite, ERP, Project Management, Customer Service, NetSuite Partner, NetSuite How To's, NetSuite Tips, NetSuite Integrations, NetSuite Administrator, Customize, Saved Search, Netsuite ERP, Customer Records, Netsuite Updates, NetSuite Features, NetSuite Support, Customer Preference

NetSuite recently released ShipCentral, an application formerly known as PackStation which is built on the SCM Mobile framework. ShipCentral facilitates order fulfillment operations and comes included with the NetSuite WMS license. While the ShipCentral release back in Release 2023.1 presented exciting news for businesses in need of a robust shipping platform, it nevertheless missed some important functions used by many B2B or B2C companies. The upcoming 2023.2 ShipCentral release looks to address many of the requests and concerns and looks to be a very exciting release. We’ll take a look at some of the cliff notes which are available and provided by NetSuite here: NetSuite 2023.2 Release Notes.

Tags: NetSuite, ERP, Reporting, NetSuite Partner, NetSuite How To's, Warehouse Management System (WMS), NetSuite Tips, Netsuite WMS, Shipping, International Shipping, Release Preview, ShipCentral, Warehouse Distribution

In warehouse operations, a common challenge is how to efficiently manage product code updates to inventory you receive from your vendors. Depending on your business, you may be looking at a considerable number of items to update. These product code updates in turn can require significant effort from your warehouse staff to roll out and can hamper warehouse activities which tend to rely on accurate product barcodes for scanning items quickly and efficiently. To solve this problem, Netsuite WMS offers the concept of a WMS item alias which allows you toassociate your internal part number to multiple product codes without having to necessarily relabel your existing product. Adding WMS support for new vendor product codes can be done quickly and easily without impacting overall warehouse efficiency.

 

Tags: NetSuite, ERP, Reporting, NetSuite Partner, NetSuite How To's, Warehouse Management System (WMS), NetSuite Tips, WMS, Netsuite WMS, Items, Warehousing, Warehouse, Aliases, Alias, Item Alias

In the supply chain sphere, shipping fees are simply a cost of doing business. However, while shipping costs are usually an unavoidable business expense, they can quickly eat away at your profit margins if they are not effectively managed. These days, you tend to see all sorts of shipping fees that tend to drive up the overall cost of doing business. Handling fees, fuel fees, extended delivery fees, oversized fees, there is a fee for almost anything you can think of. Oversized fees in particular can affect you if you carry larger items and freight companies such as UPS already assess oversized fees for these items that tend to be bulkier and occupy more dimensional space. Being able to assess a proper handling charge for these larger items can have a significant impact on shipping costs and can help you make sure the cost of shipping is accurately assessed and handled (no pun intended). So how can we manage these handling costs in NetSuite? We will be answering this question on this blog. Read on to find out.  

 

Tags: NetSuite, ERP, Reporting, NetSuite Partner, NetSuite How To's, NetSuite Tips, Shipping, Warehousing, Warehouse, Netsuite Fees, Fees, Handling, Oversized Items

In previous blogs, we’ve seen how native Netsuite functionality can be leveraged to support your pricing process. Pricing scenarios such as customer specific pricing and group pricing allow us to implement robust and logical pricing structures to ensure we charge customers the right price. We extend those concepts in this blog by reviewing quantity based pricing. In Netsuite, quantity based pricing can be set up using standard functionality to help us offer discounts based on quantity sold.

Tags: NetSuite, ERP, Project Management, Reporting, NetSuite Partner, NetSuite How To's, NetSuite Tips, Implementation, Pricing, Item Pricing, Prices, Discounts, Quantity Pricing, Pricing Schedules

In a previous blog, we introduced you to Netsuite’s price level concept, which helps us assign different pricing for items. We can then take these price levels and assign them to customers allowing customers to receive different pricing for a given item. In this blog, we will continue to explore Netsuite’s pricing concepts and processes by reviewing pricing groups.

Tags: NetSuite, ERP, Project Management, Reporting, NetSuite Partner, NetSuite How To's, NetSuite Tips, Implementation, Pricing, Item Pricing, Prices, Discounts, Pricing Groups, Group Pricing

NetSuite provides some powerful functionality to help you set item pricing and ensure you are charging your customers the correct price. Tools offered by NetSuite to help you manage item prices include Price Levels, Pricing Groups, Quantity Pricing (and Pricing Schedules), along with free SuiteApps such as their Effective Date Pricing solution. These tools, while helpful, may seem daunting to implement at first but are fairly simple to set up. For this series of blogs, we’ll walk through the different native pricing options you have at your disposal.

Tags: NetSuite, ERP, Project Management, Reporting, NetSuite Partner, NetSuite How To's, NetSuite Tips, Implementation, Pricing, Item Pricing, Prices, Price Levels, Discounts