As a business owner dealing with inventory, the most important concept to master is Supply and Demand. The ability to properly provide products seamlessly to a customer base builds trust in your brand. Reliability is critical for the buyer's journey, regardless of what stage a business is in its development or growth.
But what tools are available to organizations dealing with massive stock fluctuations, inventory delays, or erratic buyer habits?
Whether you’re a current NetSuite user or looking to expand your company’s best practices with cloud solutions, an Enterprise Resource Planning (ERP) tool is the best way of managing stock and balancing supply and demand.
Oracle NetSuite offers its own solution called NetSuite Demand Planning, an all-encompassing module that helps businesses plan their next move with industry-leading forecasting. Continue reading to learn more about NetSuite’s planning solution, whether it’s the right solution for your business, and top tips to maximize your planning and forecasting.