Demand planning software can help you more accurately predict what customers will want, allowing you to more efficiently invest your resources in products or services for which there is a definite market. With demand planning software, you'll have popular stock and services on hand when your customers want them.
Past sales are one indicator of what may sell in the future, but looking only at these numbers offers an incomplete picture. You also need to look at the many factors that led to these sales: pricing, promotions and marketing, and competition, for example. Demand planning software, also called demand forecasting software or demand management software, is designed to track this complex mix of variables.
Typical features of demand planning systems include:
- Collaborative demand planning, that allows stakeholders and staff to work together to create more accurate forecasts.
- The ability to create "what-if" scenarios and perform simulations to evaluate multiple outcomes.
- Integration with other business management software systems.
Choose from multiple forecasting techniques with business demand planning software from Forecast ProDesigned for business professionals, Forecast Pro offers several forecasting techniques, and its expert selection feature automatically chooses the most appropriate method. With its batch forecasting option you can forecast from 100 to thousands of items, depending on which version you use. This demand planner software also supports collaboration between colleagues. Forecast Pro can be integrated into several other commercial software systems, and is available in English, Spanish, French, German, and Japanese.
Forecast demand in multinational corporations with demand forecasting software from SmartCorpSmartForecasts, from SmartCorp, goes well beyond basic demand planning. With its batch automatic forecasting capability, you can forecast 100,000 items with the ease and speed of forecasting only one. And with its intermittent demand planning feature, you can accurately forecast even those items with an irregular demand, such as high-priced goods, or parts for the automotive or electronics industries, for example.
For greater flexibility, choose web-based demand planner software from DelphusFor greater flexibility, choose web-based demand planner software from Delphus
- While demand management software creates a more uniform way to predict product demand, some companies obtained inaccurate results by relying solely on demand planning systems. In response, other companies have set up dual forecasting systems, in which both the sales team and the computer write forecasts which complement each other and provide more comprehensive models.