Advanced inventory enhances NetSuite and provides more visibility between locations and an even furthered automated environment. The automated reorder point feature allows for the creation of purchase orders when inventory reaches a threshold set by the user or automatically calculated by NetSuite. This helps streamline the inventory management process by optimizing inventory levels.
In the reorder multiple box, you can set the quantity that you are required to purchase in. If the supplier has a certain size you need to purchase, you can enter that amount here. The order items page will suggest ordering a quantity of this item that is a multiple of this number. For example, if the vendor only accepts orders in multiples of one thousand, you would enter 1000 in this field. Then, the Order items page might suggest that you order 1000 or 2000, but not 1500.
The reorder point checkbox lets you choose if you would like NetSuite to calculate the reorder point based on your demand. If you would like to enter this yourself then leave it unchecked.
The safety stock level is only used if you are auto-calculating reorder points. This adds to the amount that gets reordered.
If you go to the bottom of the item page and stay in the location subtab you will see real-time visibility of that item across different locations. Here you can adjust the reorder point and the preferred stock level of the item.