Collaboration through demand planning provides many advantages for any business looking for...
Adding value through supply chain. Demand planning, part III.
Linking what is desired with what is feasible, from manufacturing through distribution into sales, demand planning has the Midas touch and adds value to the supply chain.
Enhancing customer satisfaction
Robust demand planning process transforms customer requirement in fulfilled orders. While making sure customers get what they want, where and when they expect, business can exceed such expectations and build customer loyalty, which turns into a thriving competitive advantage. And simultaneously, customer satisfaction arising from demand planning adds value to the end-to-end supply chain.
Optimizing inventory
Linking what is desired with what is feasible, from manufacturing through distribution into sales, demand planning delivers efficiency to the supply chain. A key advantage is the capability to optimize inventory management. Accurate trend forecast and alignment with supply. While providing required signals to avoid excess inventory, stockouts and obsolescence together, it amplifies capital efficiency by reduces carrying costs and optimizing cash allocation.
Enabling agility and adaptability
Through continuous market observation, demand planning secures business responses to market dynamics and emerging trends. From demand signals and data analytics, organizations stay ahead by adjusting strategies to mitigate exposure and seize opportunities. Effective demand planning consequently empowers supply chain agility and adaptability.
Demand planning enhances customer satisfaction, optimizes inventory and enables agility and adaptability. It links what is desired with what is feasible, from manufacturing through distribution into sales. It has that Midas touch to add long term value at every touchpoint along the supply chain.