How to Add Sale Items in NetSuite

Ready to make more sales? You’re in luck! This article will show you how to easily add sale items in NetSuite, the leading cloud-based business management software. Keep reading to boost your sales and streamline your processes.

What is NetSuite?

NetSuite is a comprehensive cloud-based business management software designed to streamline and automate various processes, including accounting, inventory management, customer relationship management (CRM), and e-commerce. It offers a unified platform that allows businesses to efficiently and effectively manage their operations.

With NetSuite, businesses can gain real-time visibility into their financials, make better decisions, and easily scale their operations as they grow. This versatile software also provides customizable solutions for different industries, making it an excellent choice for businesses of all sizes.

One growing e-commerce company experienced significant improvements in their operations after implementing NetSuite. The software helped them streamline their order fulfillment process, track inventory in real-time, and provide a seamless customer experience. With NetSuite’s powerful features and scalability, the company was able to handle a higher volume of orders, reduce manual errors, and ultimately boost their sales.

NetSuite proved to be the perfect solution for their expanding business, allowing them to focus on growth and customer satisfaction.

How to Add Sale Items in NetSuite?

Adding sale items in NetSuite is a simple and efficient process that can help streamline your sales and inventory management. In this section, we will guide you through the step-by-step process of adding sale items in NetSuite. From accessing the items list to setting the item type and entering pricing information, we will cover all the necessary steps to ensure the successful addition of sale items. So let’s dive in and learn how to add sale items in NetSuite.

Step 1: Accessing the Items List

To access the items list in NetSuite, follow these steps:

1. Log in to your NetSuite account and navigate to the Home dashboard.
2. Click on the “Lists” tab in the top navigation menu.
3. Select “Relationships” from the dropdown menu and choose “Items”.
4. You will now be on the Items list page, where you can view and manage all your items.

NetSuite provides a comprehensive platform for businesses to manage their inventory and sales. By following the steps above, you can easily access the items list and make necessary updates or additions to your products.

Step 2: Creating a New Item

Creating a new item in NetSuite involves the following steps:

1. Access the Items List.
2. Step 2: Creating a New Item
3. Enter item details.
4. Set the item type as “Sale Item”.
5. Enter pricing information.
6. Add the item to appropriate categories.
7. Save the item.

Step 3: Entering Item Details

When adding sale items in NetSuite, the third step is to enter the item details. Here is a list of steps to follow:

1. Access the Items List in NetSuite
2. Create a new item
3. Enter the item details, such as the item name, description, and SKU
4. Specify the item type as “Sale Item”
5. Enter the pricing information, including the item’s price, cost, and currency
6. Add the item to the appropriate categories or subcategories
7. Save the item to complete the process

By following these steps, you can accurately enter the necessary item details when adding sale items in NetSuite.

Step 4: Setting the Item Type as “Sale Item”

In NetSuite, setting the item type as “Sale Item” when adding a new item can be accomplished by following these steps:

1. Access the Items List in NetSuite.
2. Create a new item.
3. Enter item details, including the name, description, and any other relevant information.
4. Set the item type as “Sale Item” during the creation process.
5. Enter pricing information, such as the selling price, cost, and any discounts or promotions.
6. Add the item to appropriate categories to ensure easy navigation for users.
7. Save the item to finalize the creation process.

By following these steps, you can easily set the item type as “Sale Item” in NetSuite.

Step 5: Entering Pricing Information

To enter pricing information for sale items in NetSuite, follow these steps:

1. Access the item record in NetSuite.
2. Navigate to the Pricing sublist and click “Add” to create a new pricing level.
3. Select the appropriate price level, currency, and quantity range.
4. Enter the desired price for the item in the designated field.
5. Save the pricing information by clicking “Save” or “Save & Close”.

For accurate and competitive pricing, it is important to consider market research, competitor prices, and your desired profit margin when entering pricing information. It is recommended to regularly review and adjust prices based on market conditions and customer demand.

Step 6: Adding Item to Appropriate Categories

After creating a new sale item in NetSuite, the next step is to add it to the appropriate categories. Here are the steps to follow:

1. Access the item record in NetSuite.
2. Scroll down to the “Categories” section.
3. Click on the “Edit” button next to the section.
4. In the “Add Category” field, enter the name of the category you want to add the item to.
5. As you type, NetSuite will suggest existing categories. Select the appropriate category from the suggestions.
6. Click on the “Add” button to add the item to the category.
7. Repeat steps 4 to 6 for any additional categories you want to add the item to.
8. Click on the “Save” button to save the changes.

By following these steps, you can ensure that your sale item is properly categorized in NetSuite.

Step 7: Saving the Item

To successfully save an item in NetSuite, follow these steps:

1. Access the Items List in NetSuite.
2. Create a new item by clicking on the “New” button.
3. Enter the necessary item details, such as item name, description, and SKU.
4. Set the item type as “Sale Item” in the item record.
5. Enter the pricing information, including the selling price and any discounts.
6. Add the item to the appropriate categories or subcategories for easy navigation.
7. Click on the “Save” button to complete the process.

By following these steps, you can successfully save a sale item in NetSuite.

What are the Different Types of Sale Items in NetSuite?

In NetSuite, there are various types of sale items that can be added to your inventory. Each type has its own unique characteristics and purposes. In this section, we will discuss the different types of sale items available in NetSuite and what sets them apart from one another. From regular sale items to serialized inventory sale items, we will break down the distinctions and functionalities of each type to help you determine which ones are best suited for your business needs. Let’s get started.

1. Regular Sale Items

Regular sale items in NetSuite are products that are sold individually without any variations or options. Adding regular sale items in NetSuite involves the following steps:

1. Access the Items List in NetSuite.
2. Create a new item.
3. Enter item details such as item name, description, and SKU.
4. Set the item type as “Sale Item”.
5. Enter pricing information, including the item’s price and any applicable discounts.
6. Add the item to appropriate categories or subcategories.
7. Save the item to activate it in the system.

By following these steps, you can easily add regular sale items in NetSuite to effectively manage your inventory and sales.

2. Matrix Sale Items

To add matrix sale items in NetSuite, follow these steps:

1. Access the Items List.
2. Create a new item.
3. Enter item details.
4. Set the item type as “Matrix Sale Item”.
5. Enter pricing information.
6. Add the item to appropriate categories.
7. Save the item.

Matrix sale items, one of the different types of sale items in NetSuite, allow you to define variations of a product based on attributes such as size, color, or style. Each variation can have its own price, stock level, and SKU. Matrix sale items simplify the management of similar products with different attributes, making it easier to track inventory and fulfill orders accurately.

3. Assembly/Bill of Materials Sale Items

To add Assembly/Bill of Materials (BOM) sale items in NetSuite, follow these steps:

1. Access the Items List
2. Create a new item
3. Enter item details
4. Set the item type as “Sale Item”
5. Enter pricing information
6. Add the item to appropriate categories
7. Save the item

Assembly/Bill of Materials (BOM) sale items are a type of sale item in NetSuite that involve the assembly of multiple components. They are used when a product consists of various parts that need to be assembled before being sold.

By following the above steps, you can easily add the 3. Assembly/Bill of Materials (BOM) Sale Items in NetSuite.

4. Kit Sale Items

To add kit sale items in NetSuite, follow these steps:

1. Access the “Items List” in NetSuite.
2. Create a new item.
3. Enter item details, such as item name and description.
4. Set the item type as “Kit Sale Item”.
5. Enter pricing information, including the price, currency, and any discounts.
6. Add the item to appropriate categories for easy organization.
7. Save the item to complete the process.

The concept of kits in sales originated in the early 20th century when companies started bundling products together to offer customers a convenient package deal. This approach proved successful in increasing sales and customer satisfaction. Today, the use of kit sale items in NetSuite continues to be a popular method for businesses to provide added value to their customers by combining complementary products into a single, attractive package.

5. Group Sale Items

Group sale items in NetSuite are a convenient way to bundle related products together for easier management and sales. Follow these steps to add group sale items in NetSuite:

1. Access the Items List in NetSuite.
2. Create a new item.
3. Enter the necessary details, such as the item name and description.
4. Set the item type as “Sale Item.”
5. Provide pricing information, including the price and any discounts.
6. Add the item to the appropriate categories.
7. Save the item.

By following these steps, you can successfully create and manage group sale items in NetSuite.

6. Serialized Inventory Sale Items

Adding serialized inventory sale items in NetSuite involves the following steps:

1. Access the Items List.
2. Create a new item.
3. Enter item details.
4. Set the item type as “Sale Item”.
5. Enter pricing information.
6. Add the item to appropriate categories.
7. Save the item.

When adding 6. Serialized Inventory Sale Items, consider the following suggestions:

• Ensure accurate tracking and management of individual serialized items.
• Assign unique serial numbers to each item for identification and traceability.
• Implement proper documentation and record-keeping for serialized inventory.
• Regularly audit and reconcile serialized inventory to maintain accuracy.

7. Lot-Numbered Inventory Sale Items

To add lot-numbered inventory sale items in NetSuite, follow these steps:

1. Access the Items List in NetSuite.
2. Create a new item for the lot-numbered inventory sale item.
3. Enter the necessary item details, including the lot number.
4. Set the item type as “Sale Item”.
5. Provide pricing information for the item.
6. Add the item to its appropriate categories.
7. Save the item to complete the process.

By following these steps, you can easily add lot-numbered inventory sale items to your NetSuite account.

8. Non-Inventory Sale Items

Adding non-inventory sale items in NetSuite involves the following steps:

1. Access the Items List.
2. Create a new item.
3. Enter item details.
4. Set the item type as “Sale Item”.
5. Enter pricing information.
6. Add the item to appropriate categories.
7. Save the item.

Non-inventory sale items, also known as 8. Non-Inventory Sale Items, are items that are not tracked as inventory in NetSuite. They can include services, digital products, or one-time purchases. Adding these items allows businesses to expand their product offerings without the need for inventory management. These items are directly shipped or fulfilled without going through the inventory process.