Planning your supply chain is a delicate process of trying to balance demand and supply, potentially across the globe, in a way that provides your company with the right combination of cost control, lead times and service level. NetSuite uses advanced inventory management and demand planning techniques to help you make the right decisions and increase your on time delivery metrics. Each location where you store inventory can be set up with unique parameters to deliver unprecedented control over your supply chain.
NetSuite’s Demand Planning module offers several ways to calculate and predict demand based on historical demand, open opportunities and / or manually entered or imported sales forecasts. Whether you want the system to review monthly or weekly demand and generate forecasts using moving average, linear regression or seasonal average calculations you will have the ability to review and edit the forecasted demand before proceeding to supply planning. Optionally you can have the system create demand based on sales forecasts.
Once demand trends have been evaluated and the plan created, the supply planning process kicks in to balance demand and supply by generating purchase, work and transfer orders based on the many settings found on the item record. Period of Supply, Lot for Lot and Fixed are amongst the methods used to determine the number and size of the orders generated, while also looking at consumption, time fence and reschedule in / out parameters.