Learning Cloud Support - MRP Deep Dive
Materials Resource Planning (MRP) Deep Dive
Having a complete picture of your inventory is key to making informed decisions about what you need, and when. The good news is the latest addition to NetSuite’s inventory planning tool gives you the flexibility to run multiple supply plans at once and plan procurement by purchase order, work order or transfers between your locations, using a workbench that provides insight into plan pegging and suggested actions. Start your journey with NetSuite’s Materials Resource Planning (MRP) feature in this Multi-Part Deep Dive.
What is it?
Who should attend?
Schedule
The MRP Deep Dive occurs the first and third Wednesday of the month at 10 AM PDT for up to 90 minutes
We hope you can join us – feel free to join the deep dive at any point.
The MRP Quick Start occurs once per quarter and condenses the most important aspects of parts 1-8 of the deep dive into 2 90-minute sessions to get you up and running with MRP as fast as possible!
In the first of a multi-part series covering MRP, we’ll ensure you understand what MRP is and how it differs from NetSuite’s Reorder Point and Time-Phased inventory planning methods.
In this session, you'll get a first look at the primary interface of the MRP system: the workbench. Learn the basics of MRP's cornerstone feature.
Continuing our tour of the MRP workbench, we'll look at a few use case examples to help you understand how the workbench helps your planning efforts, as well as two settings that impact what data is displayed on the workbench.
Demand plans can play a role in your MRP process and in this session you'll learn how, as well as review the impact of demand plans on MRP outcomes.
Supply Plan Definitions define the what, when and where of your planning process and are the gateway to the MRP workbench. In this webinar, you'll learn about Supply Plan Defintions and their settings and options.
The last step in the day-to-day use of NetSuite's MRP is creating the supply orders suggested by the MRP Engine. In this session, you'll learn how to use NetSuite's tools to streamline the creation of Purchase, Work and Transfer Orders stemming from your inventory planning work.
Revisiting the topic of an earlier discussion about how NetSuite MRP considers and works with demand, we refine our options by specifying the source of demand and understanding the option to Consume Forecast and set related values on item records.
Demand and supply are the cornerstones of MRP and in this session we'll review how MRP incorporates supply: what transactions are included, which aren't and most importantly, why?
You already know that NetSuite MRP can manage your supply chain requirements by plotting work and purchase orders to keep you supplied. But did you know that if you have a multi-location environment, MRP can also suggest transfer orders to move materials from one location to another?
MRP planning is based on meeting expected demand with supply just in time. When it works perfectly, you never carry additional stock from one period to the next. But no plan is perfect and sometimes real demand is greater than what you planned for, leaving you short stocked and taking back orders. Safety Stock allows you to build in a buffer quantity for your plans so that you consistently have an acceptable excess of stock on hand in case it's needed.
How long does it take you to receive goods from your vendor? How long does it take you to manufacture an assembly? Lead time plays a crucial part in planning as it drives order and production dates. Learn about lead time and its role in MRP in this webinar.
MRP's planning engine targets specific delivery dates for your supply and can suggest multiple planned orders over a short period of time - leading to more orders, more tracking and maybe even higher costs. Learn how Lot Sizing can help you get control over the number of planned purchase, work and transfer orders.
MRP plans for future demand and the supply you'll need to address it. But how do you incorporate old demand, like back orders? Learn how to pull old demand into your MRP plans in this session.
Sometimes planning can be muddied by information that's too near-term to react to, or too far out to be meaningful for your consideration. In this session, learn how to limit and control your planning point of view with fences.
MRP and its plans are based on predicting the future - who will be buying what 3 months from now? When will my purchase orders arrive? When your predictions aren't accurate, you need to adjust on-the-fly by rescheduling your supply line where possible. In this session, you'll learn how to use MRP's rescheduling settings to help you manage a fluid supply chain.
In this session, we'll continue our look at MRP's rescheduling tools to better understand how they work, how they interact with other settings and the impact of order firming on the recheduling process.