Item Types
Item used to create to track time and record billable hours
Service Item
The price of an item before discounts or markups are applied
Base Price
Allocate Demand Orders by channel to inventory and future supply
Supply Allocations
Cost of Goods Sold (COGS) is calculated as the total units available over a date range. The units are then divided by the beginning inventory cost plus the cost of additions to inventory
Average
Applied to sales transactions to reduce the line-item amount that precedes the item either by a percentage or flat rate
Discount Item
Automatically apply different sales prices to items that depend on the quantity being sold which allows discounts to customers who buy in bulk
Quantity Pricing
Allow NetSuite to allocation a partial quantity of items as soon as any portion of the total amount needed becomes available. NetSuite will allocate the remainder at a future time after another allocation calculation
Available Quantity
The first goods purchased are assumed to be the first goods sold. Therefore, the ending inventory consists of the most recently purchased goods. This method is useful to track different shipments of similar products
First In First Out (FIFO)
Used to apply an additional charge to an order without affecting inventory valuation
Markup Items
Assign customer-specific price levels for groups of items
Pricing Group
Allocate items only when the total amount needed for the line is available for commitment. If only a portion of the full amount is available, NetSuite does not yet commit any of the items.
Complete Quantity
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Team who chooses this card gets 300 points
Allow customers to purchase store credit they can send to someone as a gift
Gift Certificate
Templates that you can apply to items to generate purchase and sale prices
Quantity Pricing Schedules
NetSuite commits inventory, but can also reallocate it to other orders.
Reserved Allocation
Is not available in the NetSuite Australia (AU) edition
Last in Last Out (LIFO)
A record structure for a family of items that are similar, with each variety tracked on an individual record
Matrix Item
Set up different price levels for each item and service and enter an additional sales price for online items. Choose a price level on each customer record to ensure they always receive the correct pricing
Multiple Pricing
NetSuite commits inventory and cannot reallocate it to other orders by the system. You can only reallocate this inventory manually.
Firm Allocation
Is available only for inventory items and assembly items when you have enabled the Multi-Location Inventory feature
Group Average Costing