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 of available or ‘on hand.’ The transfer order contains all the information required to execute the physical transfer of materials into the warehouse. 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.
Creating an “Transfer Order” :
Navigate for Transfer Order: Goto > Transaction > Inventory > Transfer Order.
- “Incoterm(International Commercial Terms)” field: you can only select the “EXW” (Ex Work) inventory ownership is transferred at the shipping point.
- “Incoterm(International Commercial Terms)” field: You can select the “DAP” (Delivered at Place) inventory ownership is transferred at the destination point.
Costing for Goods in Transit:
The setting can also be activated on a per-transfer basis. Alternatively, a transfer cost may be specified on the master item record or within the Transfer Order record itself on each detail line.
This option can be enabled by:
Navigating to Setup > Accounting > Accounting Preferences > Order Management > Transfer Orders.
How to enable Multi-location Feature:
- Go to Setup > Company > Setup Tasks > Enable Features.
- On the Company subtab, check the Locations box.
- On the Items & Inventory subtab, check the Inventory box and the Multi-Location Inventory box.
- On the Transactions subtab, check the Advanced Shipping box and the Advanced Receiving box.
- Click Save.
Items are displayed in line level “Transfer Order” :
In “One World Account”: Items are displayed based on “Subsidiary” field.
In “Non One World Account”: Items are displayed “Location” field.