whats the difference between demand planning and MRP in netsuite

AI generated answer (using internal Slack threads):

In NetSuite, Demand Planning and Material Requirements Planning (MRP) are two different modules used for inventory management and planning. Demand Planning is a tool that allows you to forecast inventory demand based on historical sales data or sales forecasts. It helps in generating purchase orders and transfer orders based on the historical usage of each item. This allows you to review and approve them, making the process more efficient. Demand Planning can either look back historically or forward based on forecastable transactions. On the other hand, MRP or Supply Planning is a module that helps in managing the manufacturing process. It is used to generate work orders and purchase orders to ensure that sufficient materials are available for production and that products are available for delivery to customers. MRP takes into consideration the inventory on hand, open purchase orders, and the demand from open sales orders. In the context of outsourced manufacturing, you would typically generate the Work Order via MRP because that needs to be complete to have the inventory to fulfill the demand then the POs get generated from there. It's important to note that these two modules are not mutually exclusive and can be used together for a more comprehensive planning process. ****** Disclaimer: This response was generated by an artificial intelligence assistant based on previous conversations from multiple Slack channels, and may contain inaccuracies or mistakes. ******