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What’s New in NetSuite 2016.2: Inventory Transfers
If your company is using NetSuite to manage items in multiple locations, chances are you’ve been required to transfer stock from one location to another as part of your standard inventory management procedures. The existing transfer functionality has been improved in NetSuite with the release of version 2016.2. NetSuite now allows users to enter partial fulfillments and receipts for transfer orders, resulting in more accurate item costing throughout the process. Inventory Transfers – the Basics NetSuite offers two methods for transferring inventory between locations, transfer orders and inventory transfers. If the inventory is not immediately available in the destination location, a Transfer Order should be used in order to reflect the value of the goods as 'in transit’ instead of available or ‘on hand.’ When the goods are received by the destination location, the value will be moved back from a ‘Goods in Transit’ type account to ‘Inventory on Hand.’ […]
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