What types of items are included under Inventory Items in NetSuite?

Inventory Items in NetSuite encompass a wide range of products that are actively managed within the system. This classification specifically includes items that are purchased for resale, stocked for inventory, and ultimately sold to customers.

The essence of an Inventory Item is that it must be tracked throughout the whole supply chain process—from acquisition to storage and through to sale. This means that any item classified as an Inventory Item is not only intended for sale but is also part of the organization's stock, thus requiring management of quantities and valuation.

This comprehensive handling of Inventory Items is crucial for businesses in order to maintain accurate stock levels, manage reorders, and ensure that they can fulfill customer demand in a timely manner.

Other classifications, like items that are only for sale or purchased solely for internal use, do not meet the broader criteria that define Inventory Items. Thus, the understanding of Inventory Items in this context emphasizes the dual functions of purchase and sale, underscoring why the inclusion of both purchased and stocked items is vital for effective inventory management.