NETSUITE EXPANDS CLOUD-BASED INVENTORY MANAGEMENT WITH NEW DEMAND PLANNING CAPABILITIES

New Features Leverage the Power of the Suite to Align Front-Office Demand with Back-Office Supply

SAN MATEO, Calif.—June 7, 2011—NetSuite Inc. (NYSE: N), the industry's leading provider of cloud-based financials / ERP software suites, today announced that the company has extended its cloud-based business management suite with new demand planning features. Designed to enable wholesalers, manufacturers, retailers, and distributors to achieve best-in-class inventory management practices, NetSuite 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.

According to the Gartner study, intelligent, integrated demand planning can increase inventory availability up to 30 percent, reduce obsolescence by up to 15 percent and boost gross margins up to 5 percent.

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