Tag: inventory status

Inventory Statuses in NetSuite

The Inventory Status feature is a core function of NetSuite that allows you to associate attributes to items to drive internal processes. In today’s fast workplace environment, effective inventory management is the key to success. For those using NetSuite, understanding how to utilize inventory statuses can significantly enhance operational efficiency. Throughout this post, we will… Continue reading Inventory Statuses in NetSuite

Inventory Status vs Location for tracking damaged Items

Previously, the process involved creating sub-locations for “Damaged” and “Refurbished” items and moving the item from one sub-location to another. This approach caused issues because costing is maintained per sub-location. Since purchases are never made in the “Damaged” sub-location, the costing ends up using the retail price refunded on the RMA as the cost, which… Continue reading Inventory Status vs Location for tracking damaged Items

What are Inventory Statuses within NetSuite:

The Inventory Status feature is a core function of NetSuite that allows you to associate attributes to items to drive internal processes. In today’s fast workplace environment, effective inventory management is the key to success. For those using NetSuite, understanding how to utilize inventory statuses can significantly enhance operational efficiency. Throughout this post, we will… Continue reading What are Inventory Statuses within NetSuite:

To create an Inventory Status Record, which feature needs to be enabled in the NetSuite Account?

For that the account must be enabled with a feature Inventory status. Navigation to enable Inventory Status feature. Setup > Company > Enable features > Items & inventory > check the inventory status checkbox. And click on save. Create one inventory status record for each status you want to be able to assign to items… Continue reading To create an Inventory Status Record, which feature needs to be enabled in the NetSuite Account?