NetSuite Applications Suite (2023)

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 problems within each workflow process, as well as within the workflow as a whole.

For example, you can view reports that return this inventory data for the previous quarter:

  • inventory valuation rises each week

  • item sales revenue decreases each week

  • gross profitability of your top seller remains level

With this information, you can take action as necessary, changing processes that have created problems and maintaining processes that are successful:

  • High inventory values increase overhead and may cut your profitability.

    You can investigate items that have a high percentage of total inventory value. Based on their costs and turnover rates, you may need to change your purchasing practices.

  • Sales revenue decreases can result from customer dissatisfaction caused by difficulties and delays during fulfillment.

    You can investigate items that are frequently backordered and adjust their set reorder points and preferred stock levels.

  • A steady profitability on a popular item is a positive indication.

    You can maintain the appropriate stock level and price point currently set on the item record. Because it is not problematic, you can focus your attention elsewhere.

When you can take action to make improvements as needed, you can execute more efficient management of your inventory.

It is important to track your inventory so you know what stock you have and what stock you need. Keeping the appropriate levels of stock on hand enables you to maintain a streamlined stock level, which results in reduced overhead. It also enables you to fulfill orders in a timely manner, which results in customer satisfaction.

You can use inventory reports to make regular assessments of stock quantities and identify your replenishment needs to maintain a streamlined inventory. You can also evaluate your overall inventory workflow.

First, determine the status of your inventory and identify your replenishment needs. Then, you can maintain optimum stock levels by purchasing or redistributing inventory as needed to maintain the ideal quantities.

You can use reports to assess your inventory and workflow. Reports can help you identify:

  • current stock status

  • items that are profitable or problematic

  • areas of the inventory workflow that are beneficial or detrimental

Then, you can respond to information in the reports by:

  • modifying replenishment to streamline stock levels

  • making changes to correct problems in the workflow

To view reports, go to the Reports tab. Inventory reports can be accessed under the Inventory/Items heading.


Links to all reports may not show on the Reports tab. The reports that are available depend on the role assigned to you. For example, an Administrator has access to more reports than a Sales Manager.

Reports can show current status of inventory items and backorders to help you find out what you need.

Inventory assessment can have two main goals: to determine your inventory level or to determine your inventory values. Assessing the level of your inventory tells you how much inventory you have. Assessing the value tells you how much your inventory is worth.

One report can help you make both assessments: Viewing the Stock Ledger.

Other inventory reports can be categorized by two main functions, inventory level assessment and inventory value assessment.

Inventory Levels

You can make an Inventory Level Assessments with Reports to determine if the quantities you are stocking on hand are the appropriate amounts.

  • The Viewing the Stock Ledger shows activity for items across a period. It is a tool for better understanding inventory SKU activity across classes, departments, and subsidiaries for multiple locations. For example, it can help identify inventory items that are slow-moving, fast-moving, or overstocked. It can help identify inventory investment strategies for planning.

  • The Physical Inventory Worksheet helps you take a physical count of your stock to be sure it matches the quantity in NetSuite.

  • Use the Current Inventory Snapshot Report to monitor inventory levels and determine ordering schedules. Determine a reorder point and preferred stock level, or identify overstocking on items.

  • The Inventory Back Order Report helps you find items that are committed on sales orders, but are not in stock. It also helps you analyze the replenishment process of your workflow. For items repeatedly on backorder, you may consider increasing the reorder point for that item.

  • The Inventory Activity Detail Report shows the quantity per transaction of inventory items. Use this report to identify trends in sales for items and make informed decisions about stocking your items.

  • Items that are pending fulfillment are committed to be sold, are in stock and are ready to ship to the customer. The Items Pending Fulfillment Report shows all open transaction lines on sales orders and can help you to process items to fulfill orders.

  • You need to know how quickly each product moves through inventory. It is not efficient to have large quantities of inventory sitting idle on your shelves. Inventory turnover measures item efficiency by examining how quickly you sell a product. The Inventory Turnover Report helps you assess stock level changes over time. This report lists the cost of sales, average value, turnover rate (or turn rate) and average days on hand for each inventory item.

Inventory Values

Inventory Value Assessments with Reports help you identify inventory value and profitability, as well as revenue generated by items.

  • The Viewing the Stock Ledger shows activity for items across a period. It is a tool for better understanding inventory SKU activity across classes, departments, and subsidiaries for multiple locations. For example, it can help identify inventory items that are slow-moving, fast-moving, or overstocked. It can help identify inventory investment strategies for planning.

  • The Inventory Profitability Report shows cost, revenue, and profitability information about your inventory. You can view this report to determine margins on your items and identify items that are most and least profitable. If you operate an online store with NetSuite, this report includes sales from your online store.

  • The Inventory Valuation Report summarizes the value of your inventory at a specific point in time. It can help you identify areas you can potentially use to streamline your inventory. For each inventory item, this report details item name, description, inventory value (in dollars), percentage of total inventory value and quantity on hand.

  • An Inventory Valuation Detail Report shows the transactions affecting the value of your inventory. This report is useful for troubleshooting costing problems with your items because it lists transactions that affect inventory assets.

  • An Inventory Revenue Report shows the total sales amounts for inventory items and overall revenue from your inventory items. You can identify an item that has low sales and is a poor contributor to your revenue total and may need to be discontinued. Pinpoint items with high sales and are good contributors to your revenue total to maintain the stock, marketing, and pricing of these items.

    If you operate an online store with NetSuite, these reports include sales from your store.

  • An Inventory Revenue Detail Report shows the revenue generated by your inventory items for a particular period by sales transaction. Use this information to determine which items are successful items by finding items that generate high revenue and have a high gross profit percentage.

    If you operate an online store with NetSuite, these reports include sales from your store.

Related Topics

Basic Inventory Management
Multi-Location Inventory
Bin Management
Inventory Sales and Fulfillment
Warehouse Processing
Advanced Inventory Management
Inventory Reporting

General Notices


What are NetSuite suite apps? ›

SuiteApps are applications or bundles that extend NetSuite for specific industry and business needs. They are developed by Oracle-NetSuite, or by members of the SuiteCloud Developer Network (SDN), a third-party developer program.

What type of application is NetSuite? ›

But what is NetSuite exactly? It's the leading integrated cloud business software suite for enterprise resource planning. It helps you manage inventory, track financials, host e-commerce stores and maintain customer relationship management systems. NetSuite was acquired by Oracle in November 2016.

How do I install NetSuite SuiteApps? ›

To install the NetSuite WMS SuiteApps:

Using the Administrator role, go to Customization > SuiteBundler > Search & Install Bundles. On the Search & Install Bundles page, in the Keywords field, enter the name of the bundle you want to install, following the order in this list: SCM Mobile - 445345.

Is NetSuite a CRM or ERP? ›

With all the capabilities of a traditional CRM solution, such as sales force automation (SFA), customer service management and marketing automation, plus the ability to manage quotes, commissions, sales forecasts and partner relationships, NetSuite CRM provides a seamless flow of information across the entire customer ...

What is the difference between NetSuite and Oracle ERP? ›

Oracle ERP Cloud solutions include a vast ecosystem of platform-as-a-service (PaaS) tools that enable easy integration with third-party applications. On the other hand, NetSuite is designed to standardize common and repeatable business processes through its robust SaaS model.

Why NetSuite is the best ERP system? ›

Why Oracle NetSuite Is Best for Advanced Features. As part of its robust ERP offering, Oracle NetSuite offers an intuitive cloud-based financial management solution that allows businesses to track their financial data and automate many essential accounting functions.

What is the difference between NetSuite and QuickBooks? ›

NetSuite is a more comprehensive program that offers features such as a customer relationship management (CRM) tool, enterprise resource planning (ERP) and e-commerce solutions. QuickBooks is a simpler program that is mainly used for basic accounting tasks such as invoicing, mileage tracking and payroll.

Is NetSuite a SAP software? ›

SAP and NetSuite are both ERP software designed to streamline business processes such as inventory management, financials, and even CRM. They're similar in many ways, though there are some glaring differences that potential users should be aware of. In general, SAP has some catching up to do technologically.

How is NetSuite different from SAP? ›

NetSuite's ERP product caters to traditional manufacturing and supply chain companies, while SAP's S/4HANA product includes more traditional in-house business features, including sales modules and professional services.

Can you implement NetSuite yourself? ›

The simple answer to this question is, yes and no. You may be asking, “Why wouldn't I be able to self-implement?” In order to attempt a NetSuite self-implementation, you can hire your own internal team to get the job done or provide training for your IT team on how to do the implementation.

Does Oracle NetSuite have an app? ›

NetSuite for Android, a native Android application, is available as a free download from Google Play giving on-the-go business users complete and personalized access to NetSuite's integrated business management suite.

What systems integrate with NetSuite? ›

Salesforce, WooCommerce, Shopify, ADP, and Freshdesk are a few of the programs that interact with NetSuite. Businesses may access their sales, marketing, and customer service data by integrating these systems with NetSuite. Admins can also modify their business processes and automate procedures.

Can NetSuite replace Salesforce? ›

Yes, NetSuite can replace Salesforce.

If you're only looking to use a CRM without additional software such as an ERP, financial management, or PSA, NetSuite's capabilities might exceed your business needs.

Which is better Salesforce or NetSuite? ›

Marketing automation features like landing pages and webforms aren't provided by Sales Cloud. These capabilities are offered separately with Salesforce Marketing Cloud. Winner: With built-in features for landing pages and web forms, NetSuite CRM is the clear winner.

Which is better SAP or NetSuite? ›

While both the ERP modules handle the manufacturing and supply chain, NetSuite is better suited to companies that do not need any marketing or HR modules. SAP is the professional service with features that suit the companies with in-depth human resource capital.

Why is NetSuite so popular? ›

NetSuite is a very popular integrated suite.

With this cloud platform, users can manage their whole business process within a single system. NetSuite offers applications for every step of the company's journey: from ordering and delivering to invoicing and accounting for the products.

Is NetSuite owned by Microsoft? ›

Netsuite ERP

Since being acquired by software giant Oracle, NetSuite does not publicly list its license prices. Businesses interested in obtaining a quote must contact NetSuite or a NetSuite Solution Provider directly.

Do accountants use NetSuite? ›

Accountant Program

NetSuite is the industry's leading provider of cloud-based financials / ERP and omnichannel commerce software suites, so chances are your clients are using NetSuite today or considering us for their future accounting software needs.

How much does NetSuite cost on average? ›

Generally speaking most NetSuite implementations will cost between $25,000 to $100,000. The range will largely be influenced by the amount of customizations and/or integrations necessary for NetSuite to work for your particular business.

How much is NetSuite per user? ›

NetSuite Starter/Limited Edition: Limited Edition is NetSuite pricing for small businesses. It's ideal for companies that have only one legal entity and do not require more than 10 full user licenses and/or have less than 50 employees. NetSuite Limited Edition starts at $999.00 per month and $99 per month per user.

Is NetSuite hard to use? ›

Ease of Use: Despite its power, NetSuite is easy to use and navigate. Intuitive user interface and customizable dashboards help to work efficiently. Real-time visibility: NetSuite provides real-time visibility into all business operations, enabling decision makers to make informed decisions based on accurate data.

Does NetSuite use Excel? ›

The NetSuite Excel Add-In is a powerful tool that allows you to connect with live NetSuite data, directly from Microsoft Excel.

Is NetSuite the same as sage? ›

Oracle NetSuite is a complete, all-in-one “software suite” that includes customer relationship management, enterprise resource planning, and accounting modules. Sage Intacct, on the other hand, is a stand-alone, best-of-breed, or best-in-class cloud accounting system.

What database is behind NetSuite? ›

As an Oracle product, NetSuite is built on Oracle Database, and the NetSuite website reassures customers that "your data is completely replicated, backed up, and available whenever you need it."

Is NetSuite a SQL database? ›

NetSuite at its core is actually just a glorified database with a user-friendly interface managed through SQL.

What is the SAP equivalent of NetSuite? ›

HANA, SAP's in-memory computing platform, has similar functionality to that of NetSuite, as it also grants real-time access to and display of data, as well as reporting functions. HANA provides the SAP Business One user with the added benefit of an Excel tool for interrogating data.

Is NetSuite built on Salesforce? ›

Built natively on the Salesforce platform, our dedicated NetSuite app's configuration wizard intuitively maps NetSuite objects and fields in Salesforce.

How long does it take to learn NetSuite? ›

So if you already have basic familiarity with the system as an end user, it technically only takes three weeks to learn NetSuite well enough to start out as a consultant – but you'll be continuing to learn for quite some time afterwards.

Does NetSuite require coding? ›

NetSuite Developer Skills

This requires deep knowledge of NetSuite functionality, and the coding that brings about this functionality. Great NetSuite developers are highly skilled at coding in HTML, CSS, JavaScript, SuiteScript, and have experience working with SuiteCommerce Advanced source code.

How much does NetSuite starter cost? ›

NetSuite Starter Edition: $1299 includes CRM Automation (No inventory) NetSuite Starter Edition: $1900 includes Inventory and CRM Automation.

Does NetSuite connect to QuickBooks? ›

Streamline your operations by integrating QuickBooks Online to NetSuite and other business applications. Automate your workflows by synchronizing orders, customers, products, and more between QuickBooks Online and NetSuite. Jump start your integrations by using these pre-packaged integration flows for

Is NetSuite a good ERP system? ›

Views on Oracle Netsuite ERP

ERP offers financial management needs because of the robust services along with its accounting softwares, modules, various editions, the multi currencies and a lot more. It allows to save all kinds of reports, but it can be a bit unorganised if attention is not given.

What is Oracle Apps ERP? ›

Definition of enterprise resource planning (ERP)

Enterprise resource planning (ERP) refers to a type of software that organizations use to manage day-to-day business activities such as accounting, procurement, project management, risk management and compliance, and supply chain operations.

Can NetSuite do CRM? ›

NetSuite Customer Relationship Management (CRM) delivers powerful capabilities all in a single cloud solution, including sales force automation, marketing automation, and customer service and support.

Is NetSuite Paas or SaaS? ›

NetSuite uses the software as a service (SaaS) model: Customers pay a subscription fee to access the technology but are not responsible for any underlying infrastructure or system maintenance, including purchasing and setting up servers, installing software or testing and deploying patches and upgrades.

Is NetSuite the same as PeopleSoft? ›

Manufacturing Management

NetSuite is a somewhat stronger option than PeopleSoft Enterprise with regard to Manufacturing Management features and functions. In this domain, NetSuite leads in terms of functionalities which are offered out of the box.

Is NetSuite worth learning? ›

NetSuite is worth considering if you're a medium- or large-sized business looking for a one-stop, scalable solution with impressive customization capabilities. If you know you'll need a CRM and other business tools for functions such as accounting, HR and payroll, it may be a solid investment.

Is Oracle NetSuite easy? ›

Users are divided on how easy the training is for NetSuite, but they all agree that it is a powerful piece of software that offers lots of customization. Chris Snelling, senior financial analyst at TASC, found NetSuite easy to use and setup. He writes, "NetSuite is easy to use and intuitive.

Does Amazon use NetSuite? ›

Orders (both MFN & FBA) are automatically imported from all marketplaces to NetSuite at regular intervals of time. FBA & MFN Shipments can be updated to Amazon. Refunds and Cancellations are well handled. FBA orders will be handled in NetSuite & easily customized based on customer requirements.

Is NetSuite a Tier 1 ERP? ›

Oracle Netsuite is a popular Tier 2 Cloud ERP software which is used by thousands of midmarket businesses all around the world in various industries such as manufacturing, services, SaaS, healthcare and more.

Who is the biggest competitor of SAP? ›

Top SAP Alternatives
  • Microsoft.
  • Oracle.
  • IBM.
  • Salesforce (Tableau)
  • SAS.
  • MicroStrategy.
  • Qlik.
  • TIBCO Software.

Does NetSuite have an app? ›

NetSuite for Android, a native Android application, is available as a free download from Google Play giving on-the-go business users complete and personalized access to NetSuite's integrated business management suite.

What is NetSuite SuiteCloud? ›

SuiteCloud is a customization and integration platform with built-in extensibility, designed to help organizations fit NetSuite into their unique business model and ecosystem.

What is Suite script in NetSuite? ›

SuiteScript is the NetSuite platform built on JavaScript that enables complete customisation and automation of business processes. Using the SuiteScript APIs, core business records and user information can be accessed and manipulated via scripts that are executed at pre-defined events.

Is NetSuite the same as QuickBooks? ›

NetSuite is a more comprehensive program that offers features such as a customer relationship management (CRM) tool, enterprise resource planning (ERP) and e-commerce solutions. QuickBooks is a simpler program that is mainly used for basic accounting tasks such as invoicing, mileage tracking and payroll.

Does NetSuite have a desktop version? ›

Enhance your experience with the NetSuite desktop app for Mac and PC on WebCatalog. Run apps in distraction-free windows with many enhancements. Manage and switch between multiple accounts quickly. Organize apps and accounts into tidy collections with Spaces.

Is NetSuite on premise or cloud? ›

All NetSuite solutions are delivered through the cloud in a subscription model.

What are the two main types of classifications in NetSuite? ›

There are three main classifications in NetSuite: Departments, Classes, and Locations.

What coding language does NetSuite use? ›

Based on ECMAScript-standard JavaScript, SuiteScript is a full-featured programming language for developing custom business logic and data objects to orchestrate user events, automate scheduled processes, run map/reduce queries, customize workflow actions and much more.

What are the different types of SuiteScript? ›

There is one client script type (client) and several server script types (map/reduce, mass update, portlet, RESTlet, scheduled, Suitelet, user event, workflow action, bundle installation, and SDF installation).

What ERP is NetSuite? ›

What is NetSuite ERP? NetSuite ERP is an all-in-one cloud business management solution that helps organizations operate more effectively by automating core processes and providing real-time visibility into operational and financial performance.


Top Articles
Latest Posts
Article information

Author: Allyn Kozey

Last Updated: 28/01/2024

Views: 5471

Rating: 4.2 / 5 (43 voted)

Reviews: 90% of readers found this page helpful

Author information

Name: Allyn Kozey

Birthday: 1993-12-21

Address: Suite 454 40343 Larson Union, Port Melia, TX 16164

Phone: +2456904400762

Job: Investor Administrator

Hobby: Sketching, Puzzles, Pet, Mountaineering, Skydiving, Dowsing, Sports

Introduction: My name is Allyn Kozey, I am a outstanding, colorful, adventurous, encouraging, zealous, tender, helpful person who loves writing and wants to share my knowledge and understanding with you.