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Looking for best practice for inventory management
I'm curious if there is a best practice, or at least a consensus to setting up inventory. There are likely lots of variables but would welcome input and suggestions from those who have gone through the trial and error.
First, we are not using website ordering so my concern is with sales people doing quotes/estimates out of NetSuite directly.
We, like many enterprises, have a published price list, a set of products with model numbers and list prices as well as discount classes (identifying maximum discounts allowed). Sales people use this price list to develop quotes.
The model numbers and specific line items of a price list many times have a one-to-one relationship with an inventory product that has an internal part number different from the price list (internal part numbers are created and managed by operations for their tracking and management purposes). Many other times however, a single item on the price list may relate to multiple items that actually get fulfilled. Here's two examples: