Supply allocation is one of the important features of advanced inventory management.
- When we enable the supply allocation feature we can meet the demand requirement with the right product, amount, and location by the required time period.
- Supply Allocation matches inventory supply sources to demand sources.
- Inventory Supply Sources are Purchase Order, Transfer Orders, and Work Orders. Sales Order, Transfer Order, and Work Order are the Inventory Demand sources.
- Rule-based supply allocation help to future supply allocation and current Inventory supply in a proper manner.
- If there is any change in the demand and supply the supply allocation is recalculated in an automated or scheduled manner.
- Provide alert if there is any allocation shortage in the supply flow so that way we can manage or fulfill our end-user requirement without any delay.
- First, we need to enable the multi-location inventory feature then only we can track and distribute the inventory for multiple warehouses or locations.
- Go to Set up>Company> Enable-feature click the item and inventory subtab tick the multi-location inventory feature and save.
To enable the supply allocation feature go to Set up>Company>Enable features to click the item and inventory subtab tick the supply allocation feature and save.
(Note: To initiate the required data check, click ok on the Supply Allocation Migration page, click Submit If necessary, click Refresh to update the status of the data check. After the data check is complete, the system informs you if the check was successful. If the data check is unsuccessful, a message indicates that you need to contact NetSuite Customer Support. If the data check is successful, return to Setup > Company > Enable Features. Check the Supply Allocation box on the Items & Inventory subtab and then click Save.)
Supply Allocation Setup( Preference Setup)
- After enabling the supply allocation feature next step set up the supply allocation preference.
- Go to Setup> Order managment>Supply Allocation
- On the supply allocation setup page, there is two preference are available.
- Demand Preference and Supply Preference
- In the demand preference, we can set the demand transaction sorting options and allocation time also.
- In the supply preference, we set the default allocation strategy on the sales order, transfer order, and earlier item availability
- Will default onto the line of the demand order (SO)and can be modified as needed (even via script).
