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• New NetSuite Prompt Studio Contest
• And more!
Check out this thread to learn more!
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Don’t miss your chance to meet our SuiteGurus—NetSuite Support professionals and subject matter experts with extensive experience in select product areas, including OneWorld, Advanced & Basic Accounting, Supply Chain Management, Receivables & Payables, CRM, Account Administration, and the SuiteCloud Platform. Full Conference attendees can prebook exclusive 30-minute one-on-one sessions for your product questions.
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How to use estimates for forecasting numbers of items and not amounts
Good morning from Germany 😊
I have a question regarding implementing a forecasting function in NetSuite. Our goal is to track and compare the estimated number of items expected to be sold with the actual sales during a specific period, segmented by customer or customer group.
This functionality is critical for maintaining optimal stock levels—ensuring we can deliver orders on time and in full, without overstocking and incurring unnecessary inventory costs.
We plan to utilize the Estimates function for this purpose, enabling the sales team to provide forecasts of expected sales. These estimates would later be compared against actual sales data to:
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