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.
