NetSuite has always supported product-based businesses with a variety of features. One such feature is 'Demand Planning'. This is a powerful module that permits users to predict required inventory based on historical demand or sales forecasts. The tool gives you the power to manage your inventory with unprecedented efficiency and control.
Using the NetSuite Demand Planning feature, demand can be evaluated and presented using the Demand Planning process in several ways. Ultimately the goal is to determine supply requirements and then generate Purchase Orders, Transfer Orders or Work Orders.
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Feature preview developed in part from Oracle NetSuite media source content. Additional related disclosures appear in the full feature article at: https://blog.insightfulaccountant.com/how-to-netsuite-netsuite-demand-planning