MOST TRUSTED NEWSWIRE PRESS RELEASE DISTRIBUTION
PRTODAY / NewswireToday press release distribution service network
More news: Software
Written by / Agency / Source: NetSuite, Inc.
Check Ads Availability|e-mail Article

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

NetSuite Expands Cloud-Based Inventory Management with New Demand Planning Capabilities - New features leverage the power of the suite to align front-office demand with back-office supply (NYSE: N)
NetSuite Expands Cloud-Based Inventory Management with New Demand Planning Capabilities

 

NewswireToday - /newswire/ - San Mateo, CA, United States, 2011/06/07 - New features leverage the power of the suite to align front-office demand with back-office supply (NYSE: N). NYSE: N; ORCL

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Software Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

NetSuite, Inc., the industry's leading provider of cloud-based financials / ERP software suites, today announced that the company has extended its cloud-based business management suite with new demand planning features. Designed to enable wholesalers, manufacturers, retailers, and distributors to achieve best-in-class inventory management practices, NetSuite Demand Planning enables companies to forecast peaks and troughs in demand and minimize capital tied up in inventory. Leveraging NetSuite's integrated business management suite, NetSuite's new demand planning bridges the gap between the front-office and back-office—allowing companies to tightly align sales forecasts with inventory replenishment plans. This supports businesses with minimizing excess inventory, eliminating stock outs, and improving customer satisfaction. Combined with the ease of deployment of cloud computing and integrated business suite, NetSuite puts the power of completely integrated demand planning into the hands of companies of all sizes and geographical locations.

NetSuite Demand Planning provides flexibility for building an operational demand plan. Businesses can use sales forecasts to build an inventory plan and even augment the plan with special predictions, such as marketing input on new product launches. Alternatively, inventory plans can even be built using statistical forecasting models such as linear regression, moving averages and seasonal averages, based on historical sales data. As part of a fully integrated supply chain, these projections can even be automatically delivered to upstream providers, ensuring that the entire flow from raw materials to end customer is managed with minimal disruption and optimal inventory levels at each step in the chain.

In today's competitive world, businesses need to run lean in the current economy. But, only one in five companies has adopted a demand planning solution (source: Gartner,"Business Case for Demand Planning," March 18, 2011), demonstrating the weakness and difficulty legacy ERP tools have had in addressing this key business concern. Businesses have struggled with legacy disconnected ERP, inflexible tools, and out of date spreadsheets to try and management demand. The result has meant high IT overhead, and infrequent, inadequate and out-of-date plans.

According to the Gartner study, intelligent, integrated demand planning can increase inventory availability up to 30 percent, reduce obsolescence by up to 15 percent and boost gross margins up to 5 percent.

"NetSuite's new Demand Planning capabilities will allow Valutek to automate our previously manual spreadsheet-based planning exercises, allowing us more timely forecasts and better inventory management," said Kirk Mathers, VP of Finance, Valutek. "Demand Planning specifically leverages the power of the suite based approach allowing us the ability to closely align sales forecasts with our inventory planning."

"Demand Planning is essential for all product companies that are trying to effectively manage inventory to maintain a competitive edge in the global business community," said Cindy Jutras, Principal, Mint Jutras "NetSuite continues to add functionality that enables customers to succeed in gaining a competitive advantage."

NetSuite Demand Planning enables companies to:

• Improve inventory forecast accuracy – by automatically building inventory forecasts from real time data, businesses can reduce demand planning cycle time, lower risk of error, and operationalize the demand planning process.
• Reduce excess inventory or risk of stock outs – by ensuring the right amount of inventory is kept on hand to effectively meet demand rather than having to tie up unnecessary capital in inventory.
• Minimize manual restock processes – by automating the actual inventory replenishment plan and creating the necessary purchase orders and work orders to meet anticipated demand, NetSuite demand planning frees up stakeholders to focus on more strategic activities.

"With NetSuite's latest addition of new Demand Planning capabilities, NetSuite serves notice that our leading cloud ERP solution continues to evolve at a pace that leaves rivals behind, and is able to pass innovations swiftly to our customers automatically," said Jim McGeever, NetSuite COO. "The power of NetSuite Demand Planning is in tightly integrating historical and sales forecast data, together with inventory and replenishment processes. An integrated business management suite across front and back office provides the critical foundation for this kind of tight collaboration and orchestration, and when combined with advanced demand planning, businesses gain flexibility, innovation, and a competitive advantage that's hard for competitors to match."

Follow NetSuite's Cloud blog, NetSuite's Facebook page and @NetSuite Twitter handle for real-time updates.

For more information about NetSuite, Inc., please visit netsuite.com/.

NetSuite and the NetSuite logo are registered service marks of NetSuite Inc.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Software Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: NetSuite, Inc.

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick NewswireToday Visibility Checker

 

Distribution / Indexing: [+]  / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
Software Warnings - IMPORTANT:
Always be aware/cautious about what you download on your computer/mobile! PURCHASE SOFTWARE related keywords / Banner Ads. Click HERE for details!
.

 
  Your Banner Ad showing on ALL
Software articles,
CATCH Visitors via Your Competitors Announcements!


NetSuite Expands Cloud-Based Inventory Management with New Demand Planning Capabilities

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name NewswireToday and LINK as the source.
 
Publisher Contact: Mei Li - NetSuite.com 
650-627-1063 meili[.]netsuite.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any NetSuite, Inc. securities in any jurisdiction including any other companies listed or named in this release.

Software via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From NetSuite, Inc. / Company Profile


Read Software Most Recent Related Newswires:

Life Sciences Accelerates Use of Remote Meetings to Connect with Healthcare Professionals
OpenText Recognized as Overall Leader in 2020 Aspire Customer Communications Management Leaderboard
RightITnow ECM 5.5 Delivers A Distributed Solution for Hybrid IT Supervision
SAP Drives Customer and Partner Success with SAP App Center Enhancements, New SAP Endorsed Apps Initiative
Zendesk Lauded by Frost & Sullivan for Delivering Seamless Omnichannel Digital Customer Engagement Across Platforms
Quest Software Wins Multiple 2020 Achievement in Customer Excellence Awards
WANdisco Releases LiveData Platform for Petabyte Scale Cloud Migration to Microsoft Azure
Castellini to Ensure Produce Freshness Across the Supply Chain with Blue Yonder
New Versions of AccessData’s FTK® and AD Lab Deliver Expanded and Enhanced Internet and Mobile Analysis
Schneider Collaborates with Blue Yonder on New Carrier Marketplace
Splunk Extends the Power of the Data-to-Everything Platform with Cloud and Machine Learning Advancements
Oracle Graph Visualization Boosts Fight Against Money Laundering
Top Pharmaceutical Company Visionaries to Keynote Veeva Summit Online
Elecard Joins SRT Alliance for High Quality, Low Latency Video Streaming Over the Internet
New Version of AccessData’s AD Enterprise Expands Remote Data Collection Capabilities from Mac Operating Systems

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  Limelon Advertising, Co.

Visit  RightITnow, Inc.





 
  ©2020 NewswireToday — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com newswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)