NetSuite Bill of Materials Features:
NetSuite provides robust functionality for managing Bills of Materials (BOMs), which is critical for manufacturing businesses. The BOM module in NetSuite offers a centralized location to manage the lists of components, raw materials, assemblies, and other resources required to manufacture a product. Here are some of the key features of NetSuite's BOM functionality:
BOM Creation and Management: With NetSuite, you can create BOMs for each product, specifying the type and quantity of materials, components, and assemblies needed. Each item in the BOM can have detailed specifications such as unit of measure, preferred vendor, and procurement method. The system also allows you to copy BOMs and make changes, saving time when setting up similar products.
Multi-Level BOMs: NetSuite supports the creation of multi-level BOMs, allowing the definition of BOMs not just for the finished product, but for sub-assemblies and intermediate items as well. This is crucial when dealing with complex products with multiple levels of assembly, where each sub-assembly itself has a BOM.
BOM Revision and Version Control: Any changes to a BOM are notated and tracked with full transparency in NetSuite. This includes the ability to create new revisions of the BOM, each with its unique identifier, effective date, and end date. This ensures that the right BOM version is used in production at the right time.
BOM Routing: Alongside the BOM, NetSuite allows the creation of manufacturing routings. These define the sequence of operations or processes that need to be performed to manufacture the product, each linked to a specific operation in the BOM, along with estimated labor and machine time.
Component Where-Used Inquiry: This tool allows you to quickly identify all the BOMs where a particular item is used. If an item is due to change, whether due to a design revision, component replacement, or vendor change, you can quickly identify what products will be affected.
Roll-Up Costs: NetSuite's cost roll-up feature aggregates the costs of all the components in a BOM, considering their current, standard, or average costs, to determine the total estimated cost of manufacturing the final product. This aids in product pricing, profitability analysis, and inventory valuation.
Integration with Other Modules: The BOM functionality in NetSuite integrates seamlessly with other modules such as Inventory Management (for real-time inventory tracking), Production Planning (for generating work orders based on the BOM), and Purchasing (for procuring necessary materials based on the BOM).
Advanced BOMs for Industries: For industries with specific requirements, NetSuite provides tailored BOM capabilities. For instance, in the food and beverage industry, the system can handle recipe management, ingredient substitutions, and nutritional analysis, while in the electronics industry, it can manage complex multi-level BOMs and ECN (Engineering Change Notice) workflows.
NetSuite BOM Features FAQ:
What is the Bill of Materials (BOM) functionality in NetSuite?
The BOM functionality in NetSuite is a feature that allows manufacturers to define and manage the list of components, raw materials, assemblies, and other resources required to manufacture a product. It includes features for BOM creation and management, handling multi-level BOMs, revision and version control, routing, component inquiry, cost roll-ups, and industry-specific BOM functionalities.
Can I create multi-level BOMs in NetSuite?
Yes, NetSuite supports the creation of multi-level BOMs. This feature is useful for complex manufacturing processes where products have multiple stages of assembly, and each sub-assembly has its own BOM.
How does NetSuite manage BOM revisions and version control?
NetSuite offers a robust version control system for BOMs. You can create new versions of a BOM, track changes, and archive older versions. Each version can have a unique identifier and a defined effective period, ensuring the right BOM version is used at the right time.
Can I link the BOM with manufacturing processes in NetSuite?
Yes, NetSuite allows you to link BOMs with manufacturing processes through its routing feature. You can define the sequence of operations required to manufacture a product and associate each operation with a specific step in the BOM.
Does NetSuite offer any feature to see where a component is used in BOMs?
Yes, the 'Component Where-Used Inquiry' feature in NetSuite lets you identify all the BOMs where a specific component is used. This helps in planning and impact analysis when a component changes.
Can I calculate the cost of manufacturing a product using NetSuite's BOM functionality?
Yes, NetSuite's BOM functionality includes a feature to roll up the costs associated with the components in a BOM. This allows you to calculate the total estimated cost of manufacturing a product, aiding in product pricing and profitability analysis.
How does NetSuite's BOM functionality integrate with other modules?
The BOM functionality in NetSuite integrates seamlessly with other modules like Inventory Management, Production Planning, and Purchasing, enabling streamlined operations and better visibility across the organization.
Does NetSuite offer industry-specific BOM functionalities?
Yes, NetSuite offers advanced BOM functionality tailored for specific industries such as food and beverage, electronics and high-tech, health and beauty, among others.
