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.
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Tags:
NetSuite,
ERP,
Reporting,
NetSuite Partner,
NetSuite How To's,
NetSuite Tips,
Manufacturing,
SuiteApp,
Work Order,
Cost Accounting,
Data Analysis
NetSuite continues to expand its portfolio of SuiteApps to help clients in various industries better leverage NetSuite for their needs. One of the SuiteApps I am excited to tell you about and show you is Supply 360. Supply 360 is a free NetSuite developed SuiteApp which provides clients with the reporting capabilities to understand where component shortages are prevalent across the supply chain. If you use NetSuite for your manufacturing needs, I think you will find value from this SuiteApp which requires no financial investment and is simple to set up.
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Tags:
NetSuite,
ERP,
Project Management,
Reporting,
NetSuite Partner,
NetSuite How To's,
Inventory Management,
NetSuite Tips,
Supply Chain Management,
Manufacturing,
Work Order,
Assemblies
The Available to Build SuiteApp was recently rolled out with NetSuite Release 2024.2. This NetSuite developed solution adds the ability to calculate available to build quantities for assemblies and kit/package items. It helps manufacturing clients quickly assess and make accurate inventory decisions with respect to product demand and component availability. Best of all, the SuiteApp comes at no additional cost and can be installed on most NetSuite instances.
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Tags:
NetSuite,
ERP,
Project Management,
Reporting,
NetSuite Partner,
NetSuite How To's,
NetSuite Tips,
Supply Chain Management,
Manufacturing,
SuiteApp,
Kits and Packages,
Work Order,
Assemblies
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
