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Attention: Customers with NetSuite Electronic Bank Payment (EBP) SuiteApp, version 2020.2 QA (ID 315896) must UPDATE (do NOT uninstall) their bundle to the Production version 2022.1 (ID 416781) by December 31, 2022. Note: If users fail to manually update the Electronic Bank Payments SuiteApp within the given time window, this version of the SuiteApp (ID: 315896) will be deprecated and the account will not be updated to Leading version (2022.1) of the Electronic Bank Payments SuiteApp. Please refer to the campaign email sent to impacted customers for more information.
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Demand Planning options from NetSuite
My employer is moving to NetSuite as our ERP. NetSuite seems like a wonderful ERP and we are excited to be moving there. So far nothing has gone "live"; therefore, I have no NetSuite experience. My interest is in demand planning and what products NetSuite users use for forecasting. I know there are many third-party solutions but I am asking here about NetSuite solutions. I have read of Demand Planning https://www.netsuite.com/portal/assets/pdf/ds-ns-demand-planning.pdf and Demantra and have two questions. So I am asking a guru.
- Are these two modules the NetSuite-supplied forecasting modules?
- The Demand Planning module has four options. My question is about the first three options. OLS, Moving Average, and Seasonal Average. Perhaps I do not understand the Demand Planning module - after all, I have not yet used it. I have only read the data sheet and watched videos about it. However, from what I have read and watched, the first three options of demand planning seem deficient for our demand planning needs. OLS on time series data breaks rules by regressing with correlated data. Moving Average and Seasonal Average would be good for us if combined as Moving Average