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Demand Planning Software
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 Pro
Designed 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 SmartCorp
SmartForecasts, 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 Delphus
For 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.
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Tips & Advice for Demand Planning Software
Computers and software have completely changed the face of how business is done in this country and around the world. Things that used to take hours of employee time have now been streamlined to mere seconds in most cases. In order to take advantage of that speed and accuracy, you have to have the right type of software available. For many companies this means demand planning software. This type of software package is made to ensure your company has an accurate inventory of available products, as well as a business plan regarding marketing those products and forecasting future need.
When you choose a good demand planning software package, there are several key elements you can expect. One of the most innovative functions is the forecasting process which helps the user determine the future demand for the company's products and services as well as helps to design effective marketing strategies. This aspect of the software is also useful for planning for new products and promotions. Many users can make excellent use of the inventory management function as well. With this function, you can see at a glance how the inventory is being used, the rate of sales, and projected time frame for reordering.
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