Discussions
Stay up-to-date with the latest news from NetSuite. You’ll be in the know about how to connect with peers and take your business to new heights at our virtual, in-person, on demand events, and much more.
Now is the time to ask your NetSuite-savvy friends and colleagues to join the NetSuite Support Community! Refer now! Click here to watch and learn more!
New AI Community Guidelines. Please review and follow them to ensure AI use stays safe, accurate, and compliant.
Stay in the Know
Be sure you're subscribed to NetSuite communication to stay in the know about monthly happenings, updates and announcements. Subscribe
Be sure you're subscribed to NetSuite communication to stay in the know about monthly happenings, updates and announcements. Subscribe
Opportunity - how to project for re-orders?
Most of our customers order a 1 or 2 month supply of items at a time and they usually keep re-ordering, sometimes for years. I'm looking into using Opportunity records and stumbling on the Projected Value concept. The first order may be for 300 widgets at $7 a piece, but the customer will likely re-order for years. Do we make the opportunity for just the first order (i.e. $2,100) or do we extrapolate out a years worth of sales? Do we try to estimate the total revenue the opportunity could create until the end of time?!
How do some of you handle this?
Steve Klett | Senior Developer
NetValue Technology
0