How do people forecast demand in Netsuite and account for Out of stock items and time?

AI generated answer (using internal Slack threads):

In NetSuite, demand forecasting and managing out-of-stock items can be achieved through several methods: 1. Demand Planning: This feature in NetSuite allows you to forecast inventory demand based on historical data, sales forecasts, and trends. It can help you maintain optimal inventory levels and avoid overstocking or understocking situations. 2. Supply Allocation: This feature helps to ensure that there is always a certain amount of stock on hand. It can be used to allocate inventory to specific sales orders, work orders, or transfer orders based on priority. 3. Safety Stock: This is a method of keeping extra inventory on hand to protect against variability in demand or supply. You can set a safety stock level for each item, and when the inventory level falls below this point, it can trigger a replenishment order. 4. In Stock/Out of Stock Reporting: This can be built in NetSuite to show what is in stock and out of stock. It can also show a forecast of it by month based on Sales Orders (fulfilled and not), Purchase Orders (received and not), and a budgeted demand. 5. Notifications: NetSuite can be configured to send notifications when inventory levels are getting low. This can help you take timely action to replenish stock. Remember, these methods require proper setup and configuration in NetSuite. You may need to adjust the settings based on your business needs and operational processes. ****** Disclaimer: This response was generated by an artificial intelligence assistant based on previous conversations from multiple Slack channels, and may contain inaccuracies or mistakes. ******

We use https://singuli.co/ to output weekly demand plans. We load 2 years worth into netsuite (and we update them every month). They are a small team and good guys. We then use MRP to actualy give the PO and transfer order recomendations.