What is Demand Planning? Demand Planning is the art and science of planning customer demand to drive holistic execution of such demand by corporate supply chain and business management.
Forecasting and the Art of Demand Planning - Andrew Tolve interviews Mark Chockalingam on how to forecast with real market information in mind. Read on...
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Demand Forecasting is the lifeblood of any business. It is an important building block for market forecasting, business planning, industry modeling, supply chain management, and long-range strategic planning. When it is translated into revenue terms, this is also termed as business forecasting.
What is Demand Planning? Demand Planning can be defined as the art and science of planning customer demand to drive holistic execution of such demand by corporate supply chain and business management. Demand Planning starts with a solid statistical forecast and adds intelligence through consensus management of the demand information process. The process model for implementing Demand Planning encompasses essentially nine steps. Read about the Demand Planning Process Model in our consulting pages.
Business Forecasting is a process that primarily relies on a statistical demand forecast and business priorities for the plan year to build a to-be plan. A Business Forecast is normative and directional for the organization to achieve over the medium-term to long-term. Typically the very long-term plans are labeled Strategic Plans. Learn more about different types of planning initiatives here.
Do you expect share to increase over time? Why should the supply chain care about market planning and share analysis? More...
Learn more about forecast reconciliation in a Sales Forecasting process or a business forecasting exercise.
Know the popular acronyms in demand planning, Sales Forecasting and supply chain management.
Yes. Here is a profile of inventory coverage at various required service levels. More.
Lead times are an important factor in deciding inventory levels at the receiving point. More.
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Demand Planning | S&OP | Retail Forecasting | Supply Chain Analysis: » Value Chain Metrics » Inventory Optimization | Supply Chain Collaboration
Planning: » Budgeting » S&OP | Metrics: » Demand Metrics » Inventory » Customer Service | Collaboration: » VMI & CMI » Account Based Forecasting