What is Demand Planning?
Demand planning helps ensure deliverability and satisfaction of your customers through a supply chain management process of forecasting and predicting demand. The goal is to find the balance between...
The Demand Planning cycle
The demand planning cycle is a supply chain management process that uses forecasting to understand the demand for products. It ensures that the products can be delivered to the...
Why is Demand Planning important?
In our article What is Demand Planning, we asked ourselves why is Demand Planning important? Prosperous businesses are able to plan for the peaks and valleys in their sales...
Roles and responsibilities of demand planning
When deciding to strengthen your supply chain infrastructure, the question of roles and responsibilities of demand planning arises. Should demand planning be placed under supply chain management, sales, or...
Demand Planning Key Features
When formulating a Demand plan, you need to strike the balance between having sufficient stock levels to meet customer demands without having surplus. This means leveraging the right tools...
The key benefits of Demand Planning
The importance of demand planning isn’t lost on businesses. With demand planning you’re able to improve product forecast accuracy, increase supply chain scheduling, optimize your labor management, and it...
How to Gather Data for demand planning
When deciding to implement a demand planning cycle, one of the crucial elements of getting your demand plan right is the data you use to create it. Is the...
Collaboration and demand review
Now that you’ve made the decision to implement a demand planning cycle as well as gathered your clean data in one place, your next step is to ensure that...
Performance in the Demand Planning Cycle
We’ve discussed the benefits of gathering data and coming up with a strategy of collaboration when implementing a demand planning cycle. Now it’s time to walk through the importance...
The role of the Demand Planner in Demand Planning
You’ve decided to implement a demand plan and now it’s time to outline roles and responsibilities. Demand planning bridges the function between commerce and supply chain, so the question...