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Demand Planning

The #1 NetSuite Demand Planning

What is NetSuite Demand Planning

NetSuite Demand Planning helps businesses predict future inventory needs based on historical demand, seasonality, open opportunities, sales forecasts and other metrics. By pinpointing when to reorder items, and in what quantities, you optimize stock levels and enhance supply chain planning. NetSuite Demand Planning delivers improved forecast accuracy, ensuring you have the right items on hand to fill orders without having overstock sitting idle on warehouse shelves, raising carrying costs.

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Improve Forecast Accuracy

Improve forecast accuracy using four projection methods — linear regression, moving average, seasonal average and sales forecast — right in the forecasting algorithm./p>

Efficiently Manage Cash Flow

With visibility into what is needed, and when, planners can avoid preordering or bringing in excess materials. This minimizes carrying costs and the amount of cash tied up in inventory.

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NetSuite Demand Planning Benefits

  • Increase Inventory Turns.Efficiently stock and replenish products based on sales.
  • Optimize Inventory Levels. Order inventory as needed, decreasing overhead and carrying costs and eliminating excess stock.
  • Drive Profitability and ROI.Ensure you have adequate stock to fill customer orders — without excess that will go unsold or need to be discounted.

NetSuite Demand Planning Features

Have the right materials available — at the right time, in the right place — to deliver increased revenues, higher profits and maximum ROI.

With NetSuite Demand Planning, companies can evaluate expected orders and present that information in a variety of ways. The menu structure shows the process to calculate demand, review demand plans and revise where required; generate supply plans, review and edit plans; and finally generate purchase, transfer and work orders. Companies can generate actual transactions and skip planned orders if desired.
Easily define multiple inventory locations with real-time visibility. Locations can be organized hierarchically, and global businesses can define relevant countries. During the planning process, the system can be set up to automatically create transfer orders between locations as necessary.
Easily define the parameters that affect each item. Options include defining an item as being available to demand planning, establishing an alternate source for a new item with no sales history and establishing which distribution network and category an item might belong to if using NetSuite's DRP (distribution resource planning) functionality so you can transfer inventory between locations. Companies may also set additional planning parameters that affect either how demand is evaluated or how planned orders are generated.
Planners can review all sources of supply and manage allocations to ensure that high-priority orders ship complete and on time. The system provides intelligent supply reallocation recommendations designed to redirect resources from multiple unallocated orders and fulfill priority orders first while minimizing effects on other customers. NetSuite Demand Planning also works to reduce the time required to plan, review and execute reallocations. After you accept a recommendation, the system automatically realigns supplies with affected.

With NetSuite Demand Planning, companies can evaluate expected orders and present that information in a variety of ways. The menu structure shows the process to calculate demand, review demand plans and revise where required; generate supply plans, review and edit plans; and finally generate purchase, transfer and work orders. Companies can generate actual transactions and skip planned orders if desired.

Easily define multiple inventory locations with real-time visibility. Locations can be organized hierarchically, and global businesses can define relevant countries. During the planning process, the system can be set up to automatically create transfer orders between locations as necessary.

Easily define the parameters that affect each item. Options include defining an item as being available to demand planning, establishing an alternate source for a new item with no sales history and establishing which distribution network and category an item might belong to if using NetSuite's DRP (distribution resource planning) functionality so you can transfer inventory between locations. Companies may also set additional planning parameters that affect either how demand is evaluated or how planned orders are generated.

Planners can review all sources of supply and manage allocations to ensure that high-priority orders ship complete and on time. The system provides intelligent supply reallocation recommendations designed to redirect resources from multiple unallocated orders and fulfill priority orders first while minimizing effects on other customers. NetSuite Demand Planning also works to reduce the time required to plan, review and execute reallocations. After you accept a recommendation, the system automatically realigns supplies with affected

Challenges NetSuite Demand Planning Solves

  • Obsolete Inventory.Accurate forecasts, based on historical sales and seasonality, minimize excess stock that goes unsold.
  • Lost Sales.  Ensure product availability and maximize sales by accurately planning for future demand.
  • High Overhead Costs. Eliminate excess overhead associated with storing unsold inventory.
  • Production Delays. Ensure materials are available when needed so that production is not halted waiting for goods to arrive.