NetSuite offers a robust business management solution enabling you to oversee your inventory, sales, and finances all from a single platform. A notable capability of NetSuite is its functionality for creating and managing inventory items. This guide will walk you through how to set up an inventory item in NetSuite.
Step 1: Log in to NetSuite
The first step in creating an inventory item in NetSuite is to log in to your account. Once you have logged in, navigate to the Inventory module and select the Inventory Items subtab.
Step 2: Create a New Item
To create a new inventory item, click on the New button located at the top of the page. This will open up a new window where you can enter all the necessary information about your inventory item.
Entering Basic Information
In this section, you will need to enter basic information about your inventory item such as the item name, description, and category. You can also specify whether the item is a stock or non-stock item, and whether it is taxable or not.
Entering Inventory Information
In this section, you will need to enter information about your inventory item such as the unit of measure, lead time, and reorder point. You can also specify the item’s cost and price, as well as any additional costs or fees associated with the item.
Entering Sales Information
In this section, you will need to enter information about your inventory item such as the sales unit of measure, sales price, and sales tax code. You can also specify any additional sales fees or discounts associated with the item.
Step 3: Save Your Changes
Once you have entered all the necessary information about your inventory item, click on the Save button to save your changes. NetSuite will then create a new inventory item in your system.
Conclusion
Creating an inventory item in NetSuite is a simple process that can be completed in just a few steps. By following the steps outlined in this article, you can easily create and manage your inventory items in NetSuite.
