How to Create a NetSuite Kit Package

Are you tired of manually assembling products in NetSuite? Do you want to save time and improve accuracy in your inventory management? Then you’ve come to the right place. In this article, we’ll show you how to create NetSuite kits/packages, simplifying your workflow and addressing potential headaches in your business operations.

What is a NetSuite Kit/Package?

A NetSuite Kit/Package is a collection of multiple items that are sold together as a single unit. This allows businesses to streamline their sales process by providing customers with a convenient way to purchase related products. These Kits/Packages can consist of various combinations of items, such as a set of clothing or a bundle of computer accessories. By bundling these items together, businesses can simplify inventory management, pricing, and shipping. Additionally, customers can enjoy the convenience and potential cost-saving benefits of purchasing multiple items as part of a package deal.

Why Use NetSuite Kits/Packages?

Using NetSuite kits/packages offers a multitude of benefits that effectively streamline business processes and enhance efficiency.

• Versatility: With the ability to bundle multiple items into a single unit, kits/packages simplify inventory management and order fulfillment.
• Accuracy: By pre-defining the components of a kit/package, you can ensure consistent selection and accurate assembly of items, reducing errors.
• Efficiency: Kits/packages enable faster order processing, as a single kit/package can be quickly added to a sales order instead of individually selecting multiple items.
• Consistency: Kits/packages ensure that customers receive a standardized set of items, maintaining brand consistency and overall customer satisfaction.
• Reporting: The use of kits/packages provides better visibility into sales data, allowing for improved analysis and decision-making.

What are the Benefits of Using NetSuite Kits/Packages?

Utilizing NetSuite Kits/Packages offers numerous advantages in inventory management and streamlining processes:

• Simplifies order fulfillment by bundling multiple items into a single kit/package.
• Ensures accuracy by automatically updating inventory levels for both individual components and the kit/package itself.
• Increases efficiency by automating assembly processes and reducing manual work.
• Provides better control and visibility across transactions, such as sales orders, purchase orders, work orders, and transfer orders.
• Offers customization and flexibility in pricing and inventory management for kits/packages.
• Saves time and reduces errors by utilizing bill of materials and work orders to guide assembly operations.
• Facilitates scalability by utilizing advanced features for more complex kits/packages.
• Regularly reviewing and updating kits/packages ensures optimal performance and accuracy.
• Keeping kits/packages simple helps maintain efficiency and ease of use.

How to Create a NetSuite Kit/Package?

In this section, we will guide you through the process of creating a NetSuite kit/package. This feature allows you to bundle multiple items together and sell them as a single unit. We will cover each step of the process, from creating a new kit/package item to setting up pricing and inventory. By the end, you will have a clear understanding of how to effectively create a kit/package in NetSuite and maximize its benefits for your business.

Step 1: Create a New Kit/Package Item

To create a new kit/package item in NetSuite, follow these steps:

1. Access the NetSuite dashboard and navigate to the Items tab.
2. Select the option to create a new item.
3. Choose the “Kit/Package” item type from the dropdown menu.
4. Enter a unique item name and item number for the kit/package.
5. Add any necessary details such as descriptions, prices, and images.
6. Save the new kit/package item to complete the creation process.

The concept of kits/packages has been utilized in commerce for centuries. In ancient times, merchants would bundle together various items or goods to sell as a single package, providing convenience for customers. This practice continues in modern retail, with businesses creating bundled products to offer value and streamline the buying process. NetSuite’s kit/package feature simplifies inventory management and allows businesses to offer customized product bundles to their customers.

Step 2: Add Components to the Kit/Package

To easily add components to a NetSuite Kit/Package, follow these steps:

1. Access the NetSuite dashboard and go to the “Items” menu.
2. Select “New Item” and choose “Kit/Package” as the item type.
3. Fill in the necessary details, such as the item name and description.
4. In the “Components” section, click “Add Component” and specify the quantity needed for each component.
5. Search for the components using the item search field or browse through the item list.
6. Select the desired components and click “Add Selected Items” to include them in the kit/package.
7. Arrange the components in the desired order by dragging and dropping them.
8. Save the changes to complete the process and finalize the kit/package with the added components.

By following these steps, you can easily customize a NetSuite Kit/Package by adding the necessary components.

Step 3: Set Up Pricing and Inventory for the Kit/Package

To set up pricing and inventory for a NetSuite Kit/Package, follow these steps:

1. Create a new Kit/Package item in NetSuite.
2. Add components to the Kit/Package item, specifying the quantity of each component.
3. Set Up Pricing and Inventory for the Kit/Package: Define the price level, currency, and price for the item.
4. Configure inventory settings for the Kit/Package, including the preferred location, stock availability, and fulfillment options.
5. Ensure that the inventory for each component is properly managed and accounted for in NetSuite.
6. Regularly review and update the pricing and inventory settings to ensure accuracy and alignment with business needs.

Step 4: Set Up Assembly Items for the Kit/Package

To effectively set up assembly items for a NetSuite Kit/Package, follow these steps:

1. Create a new Kit/Package item in NetSuite.
2. Add components to the Kit/Package by specifying the assembly items required.
3. Set up pricing and inventory for the Kit/Package, including the cost and selling price.
4. Set up the bill of materials for the Kit/Package, specifying the quantity of each component needed as outlined in Step 4: Set Up Assembly Items for the Kit/Package.
5. Set up work orders for the Kit/Package, defining the production process and any required resources.

By completing these steps, you can effectively set up assembly items for a NetSuite Kit/Package.

Step 5: Set Up Bill of Materials for the Kit/Package

To accurately set up the bill of materials for your NetSuite kit/package, follow these steps:

1. Create a new kit/package item in NetSuite.
2. Add components to the kit/package, specifying the quantity and details of each component.
3. Set up pricing and inventory for the kit/package, including the cost and selling price.
4. Set up assembly items for the kit/package, which are used to build the final product.
5. Set up the bill of materials for the kit/package by listing all required components and their quantities for assembly.
6. Set up work orders for the kit/package to track the assembly process.

By following these steps, you can ensure an accurate bill of materials for your NetSuite kit/package, allowing for efficient assembly and inventory tracking.

Step 6: Set Up Work Orders for the Kit/Package

To properly set up work orders for a NetSuite Kit/Package, please follow the following steps:

1. Create a new work order specifically for the kit/package item.
2. Specify the desired quantity of kits/packages to be produced within the work order.
3. Add all necessary components and their corresponding quantities to the work order.
4. Establish the routing or sequence of operations required for assembling the kit/package.
5. Assign appropriate resources, such as employees or machines, to complete the work.
6. Track the progress of the work order, including the completion of each operation.
7. Once the work order is complete, generate a build/production order for the kit/package.

By following these steps, you can effectively manage and track the assembly process for your NetSuite Kits/Packages.

How to Use NetSuite Kits/Packages in Transactions?

NetSuite Kits and Packages offer a convenient way to group items together and streamline transactions. In this section, we will discuss how to effectively use NetSuite Kits and Packages in various types of transactions. Whether you are creating a sales order, purchase order, work order, or transfer order, understanding the functionality of Kits and Packages can greatly improve your efficiency and accuracy in NetSuite. Let’s dive into the different ways Kits and Packages can be utilized in transactions.

1. Sales Orders

1. When using NetSuite Kits/Packages to create sales orders, follow these steps:

• Create a new sales order in NetSuite.
• Add the Kit/Package item to the sales order.
• Select the desired quantity of the Kit/Package.
• Review and confirm the pricing and inventory details for the Kit/Package.
• Proceed to finalize the sales order.

Using NetSuite Kits/Packages in sales orders streamlines the ordering and inventory management processes, reducing the need for manual entry and ensuring accurate fulfillment. This feature is particularly beneficial for businesses that frequently sell bundled products or sets. By following these steps, sales orders can be processed and fulfilled efficiently, leading to higher customer satisfaction and improved operational efficiency.

2. Purchase Orders

To effectively utilize NetSuite Kits/Packages in purchase orders, follow these steps:

1. Create a new purchase order in NetSuite.
2. Add the desired Kit/Package item to the purchase order.
3. Specify the quantity of the Kit/Package item needed.
4. Review and confirm the pricing and inventory details for the Kit/Package.
5. Save the purchase order and proceed with the necessary approvals.

Using NetSuite Kits/Packages in purchase orders streamlines the ordering process by consolidating multiple items into a single item. It simplifies inventory management and allows for efficient tracking and fulfillment. By incorporating NetSuite Kits/Packages into your purchase orders, you can save time and ensure accuracy in your procurement process. Additionally, by following these steps, you can effectively manage and track your purchase orders for a smoother procurement process.

3. Work Orders

Work orders are an essential part of utilizing NetSuite Kits/Packages. Follow these steps when creating and managing work orders:

1. Create a new work order specifically for the kit/package item.
2. Specify the desired quantity and due date for the work order.
3. Assign the work order to the appropriate team or individual.
4. Track the progress of the work order, regularly updating it as tasks are completed.
5. Once the work order is finished, mark it as complete in NetSuite.

Pro-tip: It is recommended to regularly review and update work orders to ensure accurate tracking and efficient production processes.

4. Transfer Orders

Transfer orders are an essential aspect of managing inventory movement within NetSuite, especially between different locations or subsidiaries. To create a transfer order, follow these steps:

1. Begin by creating a new transfer order.
2. Select the source and destination locations for the transfer.
3. Add the items to be transferred, and specify quantities and serial/lot numbers if necessary.
4. Review and confirm the transfer order.
5. Generate a pick list and fulfill the transfer.
6. Print any necessary documentation and ship the items.
7. Finally, receive the items at the destination location.

Best Practices for Using NetSuite Kits/Packages

1. Keep Kits/Packages Simple

When creating NetSuite kits/packages, it is important to keep them simple to ensure efficient management and reduce complexity. Here are some steps to follow:

1. Identify the components: Determine the items that will be included in the kit/package.
2. Create a new kit/package item: Set up a new item in NetSuite to represent the kit/package.
3. Add components: Add the identified components to the kit/package item.
4. Set up pricing and inventory: Configure the pricing and inventory details for the kit/package.
5. Set up assembly items: If applicable, set up assembly items that will be used in the kit/package.
6. Set up a bill of materials: Create a bill of materials that specifies the components and quantities needed for the kit/package.
7. Set up work orders: If necessary, create work orders to assemble the kit/package.

By following these steps, you can ensure that your NetSuite kits/packages are kept simple and that operations run smoothly.

2. Regularly Review and Update Kits/Packages

To maintain the effectiveness and accuracy of your NetSuite kits/packages, it is crucial to regularly review and update them. Here are some steps to follow:

1. Monitor inventory levels for components and adjust quantities as needed.
2. Review pricing and update it to reflect any changes in cost or market conditions.
3. Check for any new components or assembly items that can be added to enhance the kit/package.
4. Evaluate customer feedback and make necessary improvements or modifications to meet their evolving needs.
5. Stay informed about industry trends and regulations to ensure compliance and to incorporate any necessary updates.

Regularly reviewing and updating your NetSuite kits/packages will help you maintain their relevance and maximize their value for your business. Keep your kits/packages up-to-date to provide the best possible experience for your customers and to stay ahead in a competitive market.

3. Utilize Advanced Features for More Complex Kits/Packages

When creating more complex kits/packages in NetSuite, you can take advantage of advanced features to enhance functionality and streamline processes. Here are some steps to follow:

1. Identify the specific requirements for your complex kit/package.
2. Utilize assembly items and bill of materials to define the components and structure of the kit/package.
3. Set up advanced pricing options, such as volume discounts or tiered pricing, for added flexibility.
4. Utilize advanced inventory features like lot tracking or bin management, if applicable.
5. Create custom fields or workflows to automate specific actions or capture additional information.
6. Regularly review and update your complex kits/packages to ensure accuracy and efficiency.

By utilizing the advanced features in NetSuite, you can optimize your complex kits/packages for improved performance and better meet the specific requirements and goals of your organization. Always consider these features when creating and managing your kits/packages.