NetSuite Demo: Demand & Supply Planning: Linear Regression
In this video, we delve into the world of demand and supply planning using linear regression. We begin by exploring a linear regression model with a focus on a four-month forecast, examining demand in both the past and the future. The presentation offers insights into demand calculations on a weekly or monthly basis, with practical examples like the iPad.
Moving forward, we transition to the supply planning aspect. We open up various items, such as iPads and monitors, and analyze the orders and their corresponding receipt dates. The planning details are outlined on a daily basis, making it easier to understand what to anticipate.
This webinar clip also highlights how the system provides critical information about when to place purchase orders, emphasizing the importance of timing in supply chain management. The demonstrator also mentions a few date-related challenges due to the environment setup.
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