NetSuite Inc. has extended its cloud-based business management suite with new demand planning features. 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 by minimizing excess inventory, eliminating stock outs, and improving customer satisfaction.
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