Balance supply with demand and fulfill customer orders

What is NetSuite Supply Planning?

NetSuite supply planning capabilities help companies fulfill demand plan requirements. The objective: Balance supply and demand to achieve financial and service goals. Supply plans generate a recommended schedule for purchasing or manufacturing items and list suggested purchase and work orders based on lead times and expected demand. This ensures product availability and customer satisfaction.

NetSuite Supply Planning screenshot

supply chain snapshot

Supply Chain Snapshot

View a snapshot of future requirements with a time-phased inventory balance, current inventory on hand and future supply transactions and demand — on a single screen.

Eliminate Manual Processes

Purchasing and work order recommendations are automatically generated based on the supply plan. Users simply select the orders they want to execute and submit.

eliminate manual processes screenshot

Being able to fulfill orders more quickly because of better inventory management is allowing us to stay competitive with the Amazons of the world.

Alex Lyons
CIO, The Duck Store

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NetSuite Supply Planning Benefits

  • More Efficient Use of Resources. Utilize materials across all locations to fulfill demand.
  • Increase On-Time Deliveries. Products are ready as promised, increasing customer satisfaction via on-time deliveries.
  • Decrease Inventory On-Hand. Understand how much stock you need, and when, to meet demand while keeping minimal inventory on hand.
  • Drive Profitability. Increasing operational efficiencies and allowing businesses to use their assets more effectively positively impacts the bottom line.
  • Increase Production. Ensure the production process runs smoothly, with all materials, machinery and labor available on time, in the right place.

NetSuite Supply Planning Features

NetSuite supply planning translates demand plans and into purchase, work and transfer orders to ensure product is available to fulfill customer demand.

Reorder Points

Using reorder points, NetSuite generates a purchase, work or transfer order to restore inventory to the preferred level when stock falls below a minimum threshold — the reorder point. When set to auto-calculate, NetSuite considers historical data values, such as item demand from sales, company-defined safety stock and lead times from suppliers, to define the reorder point.

Reorder Points screenshot

Timed-Phased Planning

NetSuite time-phased planning enables companies to calculate demand when the repurchasing cycle is known. If a supplier always delivers material on a particular day of the week, for example, it makes sense to plan around this cycle. NetSuite can calculate all supply needed to cover demand in the current cycle so material can be ordered and delivered together.

Timed-Phased Planning screenshot

Material Requirements Planning

NetSuite material requirements planning (MRP) helps businesses understand inventory requirements while balancing supply and demand. Using NetSuite MRP, businesses can efficiently manage inventory, schedule production and deliver the right product — on time and at optimal cost.

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Material Requirements Planning screenshot

Challenges NetSuite Supply Planning Solves

  • Manual Processes. Supply plans automatically generate purchase, transfer and work orders to ensure product availability.
  • Excess Inventory. Get a single view of inventory on hand and in transit as well as future demand so planners know exactly how much stock they need.
  • Production Bottlenecks. Supply plans take into account lead times and preassemblies to determine when materials need to arrive to be ready for production.

How Much Does NetSuite Supply Planning Cost?

Companies of every size, from pre-revenue startups to fast-growing businesses, have made the move to NetSuite. Looking for a better way to run your business but wondering about the cost?

Users subscribe to NetSuite for an annual license fee. Your license is made up of three main components: core platform, optional modules and the number of users. There is also a one-time implementation fee for initial setup. As your business grows, you can easily activate new modules and add users — that’s the beauty of cloud software.

NetSuite supply planning capabilities are included in the NetSuite Demand Planning module.

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Essential Learning

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