NetSuite is a great solution for manufacturing and assembling components and tracking the inventory impact and of course the financial impact of this. NetSuite introduced the Advanced Bill of Material way back in 2017, and many customers have been asking if they are making full use of it.
A Bill of Materials (BOM) lists the quantities of raw materials, assemblies, sub-components, and parts you need to manufacture a product. A BOM can be used to communicate between manufacturing partners, multiple facilities within the organisation, or within a single manufacturing plant. Advanced BOM enables you to do the following:
■ Copy existing BOMs and create new BOMs
■ Use a single BOM across multiple assemblies For example, multiple bicycle frame sizes could all use the same wheel assembly BOM.
■ Assign multiple BOMs to a single assembly
■ Apply unique BOMs to various stages of the product lifecycle For example, an engineering BOM, a production BOM, and a subcontracting BOM.
■ Copy existing Manufacturing Routings and create new routings
■ Designate a default BOM for an assembly, or select an assembly default BOM for a location For example, a bicycle assembly produced in New Zealand uses BOM NZ. When the company starts producing the same bicycle in Australia, the system uses BOM AU
■ Define yield to allow you to account for material loss during ordering and planning.
■ Create multiple revisions of a BOM with different effective start and end dates
Join Simon Bernard as he takes you through these features to see how you may make use of this feature.