Demand Planning enables customers to become effective enterprises by supporting collaborative sales, budget planning and forecasting. Demand Planning provides Single-Click Collaboration, allowing all stakeholders access to a suite of tools that enables effective collaboration and simplifies analysis across the extended enterprise. Memory-resident planning and simulations enable real time evaluation of promotions, new product introduction and market animation impacts on the total forecasted demand. It promotes timely response to demand fluctuations and effective decision support.
Value and Benefits
An accurate forecast is an essential part of Supply Chain optimization. As a true collaborative sales forecast solution, Demand Planning enables the creation of more reliable sales forecasts to initiate financial simulations and to feed all Supply Chain requirements supported by firm demand and incorporating exceptional and promotional sales events. Better forecasting ultimately leads to an improvement of enterprise agility by maximizing the planning cycle for the given process and organization.
Control and React
Demand Planning provides forecast visibility throughout your entire global supply chain. Enhanced visibility provides insight into supply and demand fluctuations, and this visibility allows your team to make rapid, fact-based decisions.
Collaborate On Forecasts
Demand Planning is an integrated solution for collaborative sales forecasts, and allows companies to include forecast input from many sources, such as sales operations, marketing, customers and the field sales force.
Demand Planning creates an initial sales forecast based on historical information and using an automatically selected best-fit statistical formula. Statistical models include demand-smoothing, seasonality planning and can incorporate special events such as new products and sales promotions. The DynaSys “Single Click Collaborative®” technology allows each individual to provide input based on the latest market conditions.
A Web Portal is available and provides quick access to advanced collaboration options such as quantitative and qualitative inputs.
Measure Performance and Distribute Information
Demand Planning measures the accuracy of the sales forecast to actual sales and provides feedback on trends and variability. Demand Planning bases forecasts on items, product families and customers and allows users to select the best forecast interval such as days, weeks, months, quarters, semesters or years. It also determines safety stock sizing.
Understand and Share Plans and Results
Demand Planning allows for forecast generation based on customers, regions, products or product families, among other dimensions. As it receives input from multiple sources, it recognizes and captures the new information in the right unit and level of detail.
By providing forecast visibility to everyone involved in the forecast process, Demand Planning ensures forecast accuracy and facilitates consensus within the organization and drives executive arbitration. Simulation functionality allows “what-if” analysis for different scenarios, whether those scenarios are planned promotions or unexpected events. Your company can proceed with sales and operations plans confident that you have the best plan in place and can react quickly and correctly to new market conditions.
Improve Customer Service and Increase Sales and Revenue
Visibility into supply and demand fluctuations lets your team meet and exceed customer expectations and service level goals. Rapid response can help reduce and or prevent back orders and shortages, improving performance against important strategic KPIs such as DIFOT and excess inventory.
By helping to ensure you have sufficient inventory to meet customer orders, Demand Planning can help your company develop key differentiators— like shorter lead times than competitors. By avoiding shortages and back orders, you can reduce costs and improve customer satisfaction at the same time.
Reduce Inventory Investment
By effectively planning and balancing supply and demand, you can reduce your company’s inventory levels and reduce obsolescence. Proper planning methods facilitates product phase in and phase out which helps to eliminate excess inventory. By ensuring that your procurement and make-to-stock meet your sales plans, you can improve return on inventory assets, reduce excess and obsolete inventory write-offs, and better meet customer delivery commitments.
Download the Demand Planning brochure.