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Demand planning
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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