In the manufacturing space, understanding the planned costs vs actual costs associated with a work order can be a daunting task. While you may have all the required data in the ERP, collecting the right data and analyzing it in a meaningful way is not always easy. To solve this conundrum, NetSuite rolled out the Cost Variance Analysis SuiteApp which aims to provide visibility into cost variances at the component and operation level. The SuiteApp is fairly easy to install and has nominal requirements.
