Combine Minimum Order Quantity with Lot Sizing in NetSuite 2024.2
Combine Minimum Order Quantity with lot sizing options in NetSuite 2024.2 for enhanced supply planning capabilities.
TL;DR Opening
Starting in NetSuite 2024.2, customers can now combine Minimum Order Quantity (MOQ) with any lot sizing option, enhancing flexibility in supply planning. The setup will migrate existing MOQ configurations to utilize the lot sizing method of lot for lot.
What's New
This enhancement introduces a significant improvement for those utilizing Minimum Order Quantity by allowing them to pair it seamlessly with lot sizing options. Previously, MOQ setups were somewhat limited in terms of configuration flexibility. Now, you can easily tie your MOQ strategy to various lot sizing methodologies, effectively optimizing your inventory management processes.
Key Features of This Enhancement:
- Combination of MOQ with Lot Sizing: Users can leverage their existing minimum order quantities in conjunction with the selected lot sizing methods.
- Setup Migration: Automatic migration will translate existing MOQ settings to adopt a lot for lot strategy, maintaining the current limits of MOQ while introducing efficient lot sizing options.
Additional Enhancements in Supply Planning
Beyond the MOQ and lot sizing combination, the updated Supply Planning features include:
- New Filtering Options: The Planning Workbench now offers filters that provide clarity on action types:
- Reschedule In Firm
- Reschedule Out Firm
- Cancel Firm
- Reschedule In
- Reschedule Out
- Cancel
- Extended Time Horizons: You can now set demand plan horizons and purchase lead times beyond one year, extending up to ten years.
These modifications are designed to bolster your inventory management and supply chain processes, making it easier to meet demand effectively and efficiently.
Who This Affects
- Inventory Managers: Improved control over order quantities and lot sizing methods will lead to better inventory turnover.
- Supply Chain Analysts: The new filtering options in the Planning Workbench will aid in better decision-making.
- Purchasing Teams: The extended planning horizons will support long-term purchasing strategies.
Key Takeaways
- The combination of MOQ and lot sizing improves inventory flexibility.
- Automatic migration of existing MOQ setups saves time for users.
- New planning filters in Supply Planning enhance decision support.
- Demand plan and lead-time horizons are now more flexible than ever, extending up to ten years.
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