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Demand Planning/MRP
Hi
I am confused by what I have found online and the learning pass in terms of how demand and supply planning works in Netsuite.
Can you please confirm the following is correct:
- Demand planning is a way to forecast expected demand for an item. This is then used to calculate a supply plan.
- A Supply plan is used to decide how much to reorder or how much to produce of a particular item and when.
- A demand plan can be calculated based on past sales or usage data of an item (historical data) or on forecasted sales (opportunities, quotes or sales orders).
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