NetSuite’s Demand Planning module delivers classic inventory planning for Manufacturing and Wholesale Distribution companies who cannot rely on simple quantity based triggers e.g. Safety Stock, to ensure that they have adequate inventory to meet high customer service requirements.
The NetSuite Demand Planning Module provides a comprehensive list of features that deliver considerable benefits once embraced and implemented.
These include:
- Multi-locations settings for:
- Planning parameters such as lead time, stock levels, planning time frames.
- Flexible sourcing where an item may be manufactured in one location, purchased in another or be transferred from a separate location.
- Distribution planning is factored in with the internal network of warehouses and the lead times for transfers.
- Manufactured items have orders recommended at all necessary BOM levels.
- Purchasing is aligned to remove the likelihood of a stock-out for components including items for resale, consumption in manufacturing or service or any combination thereof.
- Forecasts can be loaded in flexible time buckets (Monthly, Weekly, Daily).
AVT’s Innovations to Demand Planning:
-
- Sales and Operations Planning Board (SNOP) to review forecast vs historical sales, make adjustments, calculate and update NetSuite Demand Plan directly from the SNOP Planning board.
- Ability to filter and review history and forecast by item groups, department/s and location/s
- Improved Gross requirements Inquiry Report to provide a better view of purchasing and consumption of stock.
- Our Transfer Order Consolidator to help reduce the number of transfer orders created to manage distribution and shipments.
All of the above contribute to streamlined processes and organisational confidence.
At this Webinar, AVT will present an overview of the core functionality, and given its experience in a number of projects implementing the module, some of the customised solutions that are designed to enhance the user experience.