Item record

The item record allows us to specify a Vendor Name/Code where the vendor has a different name for the item than we do. In that case, the item will appear internally using our SKU but will automatically default to the vendor's SKU number when processing Purchase transactions.

We can specify the COSTING METHOD for each inpidual item. This overrides the default costing method for all items, it is set up in the heart of the ERP... Yes, you guessed it! Setup | Accounting | Accounting Preferences!

The item record also allows us to specify the PURCHASE PRICE of the item, as well as whether we will be tracking landed cost on this item and even the vendor or vendors that we purchase this item from. In addition, we can specify whether this item is a drop-ship or special-order item. NetSuite can automatically create a purchase order when a DROP SHIP ITEM or SPECIAL ORDER ITEM is sold. The difference is to be found on the ship to address of the purchase order. The Drop Ship purchase order instructs the vendor to ship the item to the customer directly, whereas the SPECIAL ORDER ITEM specifies our warehouse address on the purchase order. We will send it on to the customer as soon as we receive it:

Cost details of Item record showing DROP SHIP ITEM and SPECIAL ORDER ITEM fields