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
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:
0