Follow Us On social
5717 Legacy Dr, Ste 250, Plano TX 75024 info@79consulting.com +1 (469) 606-9656
NetSuite inventory reports

NetSuite Inventory Reports

NetSuite reports are a powerful tool you can use to assess inventory at all stages of your inventory workflow. You can view reports with inventory costs, stock levels, activity, valuation, revenue generated and profitability. Then, use the information from reports to identify successes and issues within each workflow process, as well as within the workflow as a whole.

We have gathered our favorite inventory based reports for your review.  Many companies struggle to handle their inventory assets and movement, and these reports will help you gain a stronger understanding of your inventory and make plans accordingly.

Below you will find some of the reports our experts and customers find the most useful. We have included a brief synopsis and specify if any other NetSuite modules are required in order to access the reports.  Finally, you will find a reference to a SuiteAnswers article with more details.

Review Negative Inventory

By allowing inventory to go negative, your NetSuite platform does not block the shipping of items that are physically in your warehouse.  Reviewing this report allows you to correct data entry mistakes.  Inventory adjustments should be used to correct negative inventory if there are no other open transactions that would increase the inventory (transfer or purchase orders).

Note:  Reviewing negative inventory is a period close task.

Inventory Activity Detail 

This report shows you the quantity on each transaction for a given time period. The details allow you to see trends within your inventory so you can make planned stocking decisions. 

Inventory Valuation

This report provides a great summarization of your inventory value at a specific point in time.  You can run this for your entire company or segregate by location.  This report is a good way to see what is driving your inventory value up.

Note:  Any inventory that is currently in transit will not be included in this report. 

Inventory Snapshot

This is a real time snapshot of your inventory data.  This is a good report to use when you have short vendor lead times and are NOT using demand planning.

Note:  Be sure to customize the report and add BINS to see the count by Bin, otherwise the report shows total count only.  You will still see a single item per row.

Stock Ledger

The stock ledger report shows activity for items over a period.  You can evaluate your inventory activity across classes, departments and subsidiaries for all your locations.

Note:  If you use multiple units of measure, the quantities will be displayed in the stock unit.

Inventory Turnover

Exactly as you would expect, this report shows your inventory turnovers over time.  This report will help you identify inventory areas that have been idle or are moving faster than projected.   The report contains “average days on hand” which can ensure that you are ordering enough product to ensure coverage through the lead time with your vendors.

Note:  The report contains some calculated values like turnover rate and average inventory value.  The SuiteAnswers article #28034 has the formula used for both.

Item Availability Page 

You can use this report to see the future date that items will be available.  

Note:  This information is also available as a pop up on transactions.

  • Modules Required – Advanced Inventory Management and Available to Promise Feature
  • SuiteAnswers #28076

Gross Requirements Inquiry 

This report provides an overview of the progressive supply and demand cycle.  Transactions and dates quantities required are included and calculates the resulting total quantity on hand for items. 

Note:  The beginning on hand amount reflects the inventory on hand at the beginning of the day.  

  • Modules Required – SCM and supply planning, or SCM and WIP/Routings, (included in the mfg suitesuccess bundles)
  • SuiteAnswers #28016

Demand History by Item

This report provides a historical view of item demand over time.  You can opt to look at your demand history based on Orders or Sales.   The Orders option bases stats on sales orders that are approved but not cancelled, work orders are also included if you use those.  The Sales option would only include Invoices and Cash Sales.

Note:  This demand calculator considers transactions that decrease the stock level.  If you have assembly items, then the assembly build for the component but on the assembly item itself.

Item Demand Forecast vs Actual

Compares the forecast against the demand for items.  Aids in validating accuracy of your forecast.

The above mentioned reports can be used as a starting point to evaluate your inventory processes and can be further customized to fit specific business requirements. Reach out to the 79Consulting team to learn more.

Post a Comment

Top