What Is NetSuite Demand Planning?
- NetSuite Demand Planning predicts future inventory needs by analyzing historical sales data, seasonality patterns, open opportunities, and sales forecasts.
It uses statistical models including linear regression, moving average, seasonal trends, and sales forecast methods to create demand plans that show expected future demand by period.
From demand plans, it generates supply plans showing suggested purchase orders, work orders, and transfer orders based on lead times, safety stock, and expected demand to optimize inventory levels across locations.
NetSuite Demand Planning Features
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Choose from linear regression, moving average, seasonal trends, or sales forecast methods. Generate forecasts based on historical data and project future demand.
Create demand plans showing expected future demand, then generate supply plans with suggested orders to meet that demand based on lead times.
Forecast demand by location and generate location-specific supply plans. Transfer inventory between locations based on demand.
Configure seasonal analysis intervals to account for seasonal fluctuations. Forecast seasonal items accurately using historical patterns
Factor safety stock levels into supply calculations. Ensure replenishment plans include buffer stock to prevent stockouts.
Use different forecasting methods for different items. Seasonal items use seasonal average, stable items use moving average.
Automatically generate suggested purchase orders, work orders, and transfer orders from demand plans. Convert plans to actual transactions.
Set demand and planning time fences to protect near-term schedules from forecast changes. Stabilize short-term materials planning.
How Much Does NetSuite Demand Planning Cost?
- Demand Planning is available as an add-on module to NetSuite ERP and requires Advanced Inventory Management.
But the real cost isn't the license; it's the carrying cost of excess inventory from over-forecasting and the lost sales from stockouts when forecasts are too low.
Why Choose Stockton10?
Challenges NetSuite Demand Planning Solves
- Poor demand forecasts causing stockouts
- Excess inventory due to over-forecasting
- Manual forecasting in Excel outside NetSuite
- Can't forecast seasonal demand
- No integration between forecast and ordering
- Multi-location forecasting is manual
Hear it from your peers
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NetSuite Demand Planning FAQs
Demand Planning analyzes historical sales data using statistical models (linear regression, moving average, seasonal trends) to forecast future demand. It then generates supply plans showing suggested orders to meet forecasted demand based on lead times and safety stock.
Yes. Demand Planning uses seasonal analysis intervals to identify historical seasonal patterns and project future seasonal demand. Configure seasonal intervals by item to account for products with different seasonal cycles.
Advanced Inventory automates reorder points and replenishment for individual items. Demand Planning forecasts future demand across multiple periods and generates supply plans for optimal ordering timing.
You need Demand Planning if you're forecasting manually in Excel, experiencing frequent stockouts or overstock, selling seasonal products, or operating multi-location inventory where demand varies by location.
Use the right forecasting method per item type, configure accurate seasonal intervals, tune safety stock parameters, measure forecast vs. actual regularly, and adjust models as demand patterns change.
Yes. We tune forecasting models, configure appropriate methods per item, monitor forecast accuracy, adjust seasonal parameters, and ensure supply plans actually drive purchasing decisions.
Are Your Forecasts Getting More or Less Accurate?
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