NetSuite Materials Requirement Planning (MRP) System

Increase supply planning insight and efficiency

What is NetSuite Materials Requirements Planning (MRP)?

NetSuite Material Requirements Planning, or MRP, provides visibility into the inventory required to meet demand, helping your business optimize stock levels and fine-tune production schedules. NetSuite MRP accelerates the production process by determining what raw materials, components and subassemblies are needed, and when, to assemble finished goods, based on demand and bills of materials (BOMs).

Dedicated Planning Repository

Control the data used in planning and schedule regular updates so that decisions are based on the most consistent, timely and relevant information possible.

What-If Scenario Planning

Build multiple hypothetical plans and run what-if scenarios to understand how changes will affect inventory levels and your ability to meet customer demand.

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 Materials Requirements Planning Benefits

Efficiently Plan and Schedule Production. Ensure materials move through the work order quickly and customer orders are fulfilled on time.
Single Source of Data. Integrated across the organization eliminates the need to pull historical sales and existing inventory to build production flows.
Accurately Calculate Production. Understand all of the components that go into each sub-assembly and how long it takes to complete each step.

NetSuite Materials Requirements Planning Features

NetSuite MRP increases supply planning insight and efficiency, enabling businesses to efficiently manage inventory, schedule production and deliver the right products — on time and at optimal cost.

What-if Scenario Planning

With scenario planning, businesses can mock up multiple scenarios and answer critical questions: Is it possible to speed up delivery by, for example, changing where goods ship from? What about when they ship? With NetSuite MRP, set supply planning criteria, including items, locations and the planning horizon, and define rules at the plan vs. the item level. This allows businesses to build multiple hypothetical plans and run what-if scenarios to understand how changes will affect inventory levels and their ability to meet demand.

Planners Workbench

The Planners Workbench spotlights situations that require attention, allowing planners to prevent both shortages and excess supplies, and provides what-if analysis capabilities. Planners can monitor, firm up or release orders for approval and aggregation; review and accept action/exception messages individually or in bulk; and gain visibility into the allocation of demand to supply. With full pegging support, planners are also able to drill into supply and demand for an item across locations.

Supply Allocation

As a part of MRP’s supply allocation functionality, you can assign inventory that’s already in house and stock that you anticipate receiving, whether on a work or transfer order or even coming in from a purchase order. You’re also able to allocate inventory in an inbound shipment — a collection of purchase orders that are managed on an individual-shipment basis. This allows customer service reps to validate supply and identify the earliest date an order can be filled.

Challenges NetSuite Materials Requirements Planning Solves

High Overhead Costs. Understand exactly how much inventory you need, and when, to free up cash tied to inventory overhead and carrying costs.
Lost Sales and Out of Stocks. Ensure you have products available on time to meet customer demand and eliminate sales disruptions.
Production Delays. Eliminate disruptions in the production cycle due to delayed subassembly builds.

How Much Does NetSuite Materials Requirements 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 MRP is available as a part of the NetSuite Demand Planning module.

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