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Demand Planning Software

What is Demand Planning Software?

Demand planning software, also known as demand forecasting software, generates estimates of future customer demands to help you plan your production and inventory. Demand forecasting uses statistical data, relevant business information, and historical sales to improve accuracy, alignment, and accountability for efficient supply chain operations. Our forecasting product enables you to foresee future market challenges and avoid having to change your strategy because of market shifts or stock-outs & overstocks. This way, you can count on long-term product demand predictions.

Demand Forecasting Software

Avercast’s Demand Forecasting software generates an accurate plan that includes a prediction of the demand so that company can plan the supply accordingly. In this product description, we will demonstrate how our demand planning software reviews every aspect of the planning process and subsequently optimizes the supply chain of a company.

Our demand planning software can be used to benefit any department and therefore you can justify the purchase with management and confidently answer them when asked “Why Avercast’s Demand Planning software?” Our demand planning suite can both integrate with any ERP a company uses and with other Avercast products including supply planning, supplier connections, sales forecasting, and retail analysis.

Our demand planning solution uses our award-winning 200+ forecasting algorithms in our sales forecasting solution to provide a company with the tools necessary to create a purchasing schedule, generate a bill of material, identify top-sellers, compare products and locations, plan on both a global or local level, and much more.

Not only does our demand planning software allow for seamless communication between operations/planning departments on a global level, but our demand planning software generates an equally seamless connection between several departments in a company as well. Though we specialize in helping you get the right product to the right place at the right time, our company is capable of so much more.

For example, a finance department can benefit from a proper demand plan because they will be able to identify an increase in sales which, in turn, indicates an increase in revenue (available funds). The finance department can then provide a report to management of profit projections long before the sales even take place.

A marketing department would also benefit from the ability to see the forecasts, schedules, and plans contained in the demand planning software. By looking at product priority, a marketing department could determine long in advance when the best time to run a promotion is for every product sold at the company. They can assist the planning department when a less popular item needs to be gone in the interest of making space for a more popular product.

This type of inter-departmental communication and collaboration both locally and overseas is what can make a company perform at maximum efficiency. Though demand planning software can appear costly, all associated costs are quickly diminished by the amount that is saved in stock outs, overstocks, employee time, innovation, expanding business, and customer satisfaction. For an average company, demand planning software tends to save a minimum of several thousands of dollars (even after implementation and continued maintenance expenses) which savings only increase as a company gets larger and larger.

Our demand planning software solution is designed to make any company scalable and able to optimize efficiency. Book a demo with one of our demand experts to see how our demand planning software can specifically benefit your company and what we can do to work with you to provide what you will need for maximum success and savings.

Key Features:

  • Plan in daily, weekly, and monthly intervals
  • Tools to calculate safety stock
  • Manage by your defined exceptions
  • Plan using a bill of material for ordering item kits and raw material combinations
  • Access your open sales orders
  • Plan up to 180 sales periods in the future
  • Facilitate effective collaboration between departments
  • Customize your plan, and the system, according to your business model
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