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Demand Planning Software

Demand Planning Software helps all the organizations to minimize waste by tracking trends that will affect future demand.

Demand Planning Software helps all the organizations to minimize waste by tracking trends that will affect future demand. This kind of system mainly accomplishes the task by developing forecasting governance to eliminate errors or biases in the data and also by decreasing data latency that makes real-time demand planning possible.

 

Features Of Demand Planning Software

Let have some points on the features of Demand Planning Software:

  • Data separation:

 

This software gathers a wide range of data to improve past and future demand analysis. Here filtering and separation occurs by the product, customer, season and market information.

 

  • Historical analysis:

 

Here cross-functional or multi-dimensional forecasting processes scrutinize the historical demand for an individual product along with broader macro- and micro-economic trends to provide an accurate forecast to supply chain executives.

 

  • Demand shaping capacity:

 

This software mainly factors in scheduling data related to promotions, advertising, planned product launches, and upcoming competitor activity, accumulating and displaying detailed plans for future marketing campaigns.

 

  • “What-if” analysis:

 

With all the information in the system, the software performs a series of scenarios and simulations based on the “what-if” factors. Relied on the results of these what-if simulations, potential deviations from planned demand can be communicated to the proper required areas of the supply chain in order to adjust shipments or production.

 

  • Supply chain communication:

 

Demand planning software communicates with other elements of the SCM system to renegotiate replenishment scheduling through the capacity planning. This prevents unnecessary oversupply and cost inefficiencies by decreasing inventory carrying costs and excess inventory write-offs.

 

 

Benefits Of Demand Planning Software

Now, it’s the time to throw some lights on the benefits of Demand Planning Software:

 

  • Increased efficiency. A demand planning software helps increase the efficiency of a company’s supply chain and operations, improve capacity and also manage inventory levels. These tools may also generate a demand plan based on historical data and predict future demand.

 

  • Improved collaboration. A demand planning system supports to improve communication between a company’s supply chain and other areas of operations, including sales, marketing and finance. This lead to the creation of action plans for the different scenarios to enhance overall productivity.

 

 

  • Trend analysis. Trend analysis features can generate forecasts by capturing historical data and combining it with data related to seasonal variation and all the promotions. These forecasts help prevent sales loss due to lack of inventory.

 

  • Cost control. Demand forecasts decrease costs by preparing effective inventory-stocking plans. This feature prevents inventory overstocking at the time of focusing on high-profit inventory items.

Focus on what is important!

All you got to do is enter the client details in the respective category and leave the rest on the software. Analyzing individual client details like the number of services availed, amount received, and business generated it provides a real-time insight of all clients. Segregating clients into different categories based on business, it helps you focus on the important customers.

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