Supply allocation in NetSuite is a process that enables businesses to prioritize the allocation of their available inventory or resources to meet the demand of their customers. This is a critical function for companies that have limited inventory or resources, or that operate in industries with high demand variability. By setting up supply allocation rules in NetSuite, businesses can ensure that their inventory or resources are allocated in an optimal way, taking into account factors such as demand, inventory levels, product priority, customer priority, and lead time. In this way, supply allocation in NetSuite can help businesses improve their operational efficiency, reduce costs, and increase customer satisfaction.
- Enable Supply Allocation Feature
- Setting Up Item Records for Supply Allocation – ATP Lead Time. Enter Number of days for the lead time on the Item record.
- If no current or future supply is available, Supply Allocation uses this value to calculate item availability dates for demand orders in each location
- Eg: Work orders for Assemblies can the purchased or manufactured items arrive or be produced on time. Based on the ATP Lead time on Inventory items.
- Supply Allocation Set Up: Demand Preferences Supply After Transaction Entry, Update or Delete. — Allocation Timing: Enable Perform