Tag: demand planning

Supply Planning Parameters for MRP

Work Order Fixed Lead Time – Fixed period for calculating work order lead-time. Work Order Variable lead Time – Variable period by unit for calculating work order lead-time. Work Order Lead Time Lot Size – Lot size for calculating work order lead-time. Late Period Days – Number of past days the system can search for past due orders. Reschedule… Continue reading Supply Planning Parameters for MRP

Time-Phased Replenishment and demand planning

In NetSuite, an item is listed in Demand Planning only if the Replenishment method is set as Time-Phased in the Item Record because this method provides the necessary time-based framework for inventory replenishment. Time-Phased Replenishment calculates when and how much inventory needs to be ordered based on future demand forecasts over specific time periods (e.g.,… Continue reading Time-Phased Replenishment and demand planning

NetSuite Demand Planning | Overview

NetSuite Demand Planning Overview: NetSuite Demand Planning is a helpful tool for businesses to predict what customers will buy and manage their inventory more efficiently. It comes with easy-to-use features that make planning and managing stock a breeze. Key Features: 1. Smart Predictions: NetSuite Demand Planning uses clever technology to guess what customers will want… Continue reading NetSuite Demand Planning | Overview

How to include MOQ in Supply Planning

When using Demand Planning module, the supply plans are created as per the demand thus projected. If we have a Minimum Order quantity for placing purchase orders from a vendor, we have to do the following. Suppose our supply plan suggests to procure 37 units every month to meet the projected demand If the MOQ… Continue reading How to include MOQ in Supply Planning

Supply Planning

The supply plan is where NetSuite compares the demand plan– what I will need, in other words– and what you’re expected to have. From that comparison, the supply plan determines if you need to procure any additional stock. And when I say procure, you might buy those goods from a vendor, or they might be… Continue reading Supply Planning