A supply and demand planning solution in NetSuite
Balancing supply and demand to maintain the right inventory levels and satisfy customer demand is no easy task. It requires coordination across the organization, information from a variety of sources, and connected ERP system. Discover Rand Group’s supply and demand planning solution built within NetSuite and customized to your supply chain operations that can help you ensure products are available as promised, minimizing stock-outs, missed sales, and unhappy customers.
Optimize inventory levels for maximum ROI with NetSuite supply and demand planning
Supply and demand planning is a cross-functional process that helps businesses meet customer demand for products while reducing excess inventory and avoiding supply chain disruptions. It can boost profitability and customer satisfaction and lead to efficiency gains. NetSuite ERP delivered by Rand Group offers comprehensive solutions for both supply and demand planning. NetSuite demand planning ensures you have the right amount of stock on hand to fill orders without having overstock sitting idle on warehouse shelves, while NetSuite supply planning determines how to best fulfill customer orders as promised.
Rand Group is your Oracle NetSuite Solution Provider and technology partner to implement a supply and demand planning solution that will help you achieve the right combination of cost control, accurate lead times, and service level. Our software engineers will implement NetSuite and its planning capabilities tailored to your unique business and supply chain processes. We also offer extensive training to ensure user adoption and long-term return on investment from your business solutions.
Optimize inventory levels
With visibility into what is needed, and when, planners can avoid preordering or bringing in excess materials to decrease overhead and carrying costs. Efficiently stock inventory and replenish products based on sales.
Manage orders by priority level to ensure customer satisfaction
Review all sources of supply and order allocations to ensure that high priority sales orders ship complete on time with a system that provides intelligent reallocation recommendations and re-aligns supplies.
Improve demand forecast accuracy
Demand forecasting can be evaluated and presented in a number of formats including linear regression, historical moving average, seasonal average, and based on forward looking sales data to project inventory demand and future stock levels.
Supply and demand planning included with NetSuite ERP
With NetSuite ERP delivered with a tailored planning module from Rand Group, you can work toward both profit and customer satisfaction by striking the right balance between sufficient inventory levels and customer demand. Our team of NetSuite certified software engineers and consultants will configure the module to fit your unique business processes and pull in data from all the necessary sources.
Supply and demand planning within NetSuite ERP with Rand Group allows you to:
- Improve forecast accuracy
- Minimize obsolete inventory and carrying costs
- Ensure product availability to boost customer satisfaction
- Reduce delays in productions due to lack of availability of materials
- Optimize ordering and planning rules and order pegging
Discover other business solutions offered by Rand Group
Rand Group offers numerous solutions for supply chain operations that we tailor to each client to transform your operations. Our team of NetSuite-certified software engineers will ensure your solution integrates with the rest of your technology stack and can accommodate unique processes and facilitate data flows. Explore other solutions below to compliment supply and demand planning.
Procure-to-Pay
Streamline procurement operations with a solution that includes workflows for purchase requisitions, RFQs, and trade agreements, plus realize maximum cost savings by automatically applying negotiated pricing policies. Build redundancy in supplier networks and improve vendor collaboration with Rand Group’s procure-to-pay solution.
Product Data Management
Manage all information and processes related to your products from the beginning of its lifecycle to its end across supply chains networks. With a product data management solution, unify processes for faster decision-making, reduce the time from innovation to launch, improve quality, and enforce product compliance.
NetSuite ERP
NetSuite’s ERP software includes everything your business needs – from financial management to inventory, supply chain, and warehouse management. With powerful procurement capabilities, you can ensure you buy the right goods at the best price from the best vendor.
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