Item Types
- Standard: inventory and non-inventory items for sale and for purchase
- Lot or Serialized: capture lot details or serialized item numbers (e.g. luxury handbags or watches)
- Matrix / Style: items with options, such as size and color, or parent- and sub-item relationships
- Kit: individual inventory items that can be also be sold as a pack or collection (e.g. 3-pack socks)
- Assembly: inventory item made up of several components
- Service: service for purchase or to sell (ex: curated shopping / design service)
Item & Inventory Master
- System of Record: 360-degree view of the item with attributions and inventory information, all managed centrally in NetSuite
- Create items and / or styles once vetted and approved for production
- Dashboard notifications provide visibility into new items and styles
Item Pricing & Costing Methods
| pricing | costing methods |
| Price Levels Quantity Pricing | Average Costing Group Average Costing LIFO/FIFO |
Merchandise Hierarchy
- Efficiently categorize items for management and maintenance
- Reporting and analysis of product sales and inventory
- Accurate and actionable insights on shopper demand, buying and market trends
- Label the levels and nodes to meet your product classification needs
- 2 to 4 levels most commonly meets the needs of Retail companies
Item Replenishment
Prior to placing a Purchase Order, the
Purchasing Manager will determine
supply requirements to meet anticipated
demand
Demand Calculations and Supply Plans
(can be imported from an external
source), or Reorder Points trigger
dashboard notifications and
procurement activities
An Item-360 dashboard is available via
the Purchasing Manager dashboard