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.
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Tags:
NetSuite,
ERP,
NetSuite Partner,
NetSuite How To's,
NetSuite Tips,
BOM,
Manufacturing,
Bill of Materials,
Work Order,
Costed BOM
With Netsuite’s 2023.1 Release right around the corner, Netsuite is ending support for its Legacy Bill of Materials module. While business critical issues will continue to be addressed and resolved, new feature developments will no longer include Legacy Bill of Materials. As a result, Netsuite recommends migrating to Netsuite’s Advanced Bill of Materials. To be clear, immediate migration to Advanced Bill of Materials is not necessary, but you may be thinking of making the change in the near future. You may also be wondering how Advanced Bill of Materials compares to Legacy Bill of Materials, and what impacts to data you should be aware of.
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Tags:
NetSuite,
ERP,
Project Management,
Reporting,
NetSuite Partner,
NetSuite How To's,
NetSuite Tips,
Implementation,
BOM,
Manufacturing,
Bill of Materials,
Advanced BOM
