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Exam (elaborations)

NetSuite - ERP Certification "In Progress"

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NetSuite - ERP Certification "In Progress"

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  • June 16, 2023
  • 3
  • 2022/2023
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NetSuite - ERP Certification "In Progress"
50 ✔️ Max number of qty pricing columns

marginal rates ✔️ Applying discounts to items based on qty on a scale

Customer record ✔️ Overrides pricing defaults on item record

Inventory Adjustment worksheet ✔️ Form to reset/override inventory
counts

Inventory Adjustment ✔️ Form to update inventory counts

Inventory Adjustment Worksheet ✔️ Best Inventory Adjustment process
for beginning balances

advanced inventory ✔️ Module required for matrix items

Item group ✔️ An item type that when selected lists all components, price
= sum of components, components can be updated

kit/package ✔️ An item type that appears as one line on the sales order,
pricing is independent of components, components are set

Assembly ✔️ An item type that is used to make up another item, pricing is
independent of components

Advanced Inventory Management ✔️ Reorder points are based on
historical data, assumes constant demand

Demand planning ✔️ Reorder points are based on historical data +
formula, allows for peaks/seasonal demand

service item ✔️ Type of item used to track time

Average costing ✔️ Weighted average for inventory costing

LIFO ✔️ Assumes oldest inventory price for costing

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