Demand Planning | Get Accurate Demand Planning By Experts - Adexa

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SUPPLY CHAIN PLANNING, DEMAND PLANNING

• INVENTORY PLANNING

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• Supply chain planning provides strategic and
  tactical planning that is forward looking with an
  outlook for the future. Supply chain planning
  deals with supply, distribution, manufacturing,
  planning, production scheduling, demand planning,
  supply chain collaboration, and supply chain
  network design. Supply chain planning
  applications coordinate assets to optimize the
  delivery of goods and services, and information
  from supplier to consumer, and balancing supply
  to demand. Its objective is to balance supply and
  demand in a manner that achieves the financial
  and service objectives of the enterprise. Supply
  chain planning also includes strategies such as
  just in time inventory, where more precise
  planning is allow for more flexible inventory
  storage requirement. Supply chain planning and
  supply chain management in general, is valuable
  to modern businesses. They help businesses
  automate, control and monitor their processes
  using modern tools, which help them save money
  and allow them to work more efficiently in
  competitive fields and markets. The following are
  the benefits of supply chain planning
• Reduction in lost sales
• Reduce out-of-stocks
• Lower inventory requirements to support target
  service levels
• Faster fulfillment cycles times.
• Reduced working capital requirements.

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Demand Planning Get Accurate Demand Planning By
Experts - Adexa
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Demand planning, the importance of demand
planning is to ensure operations are timely,
efficient and cost effective. Effective demand
planning can guide users to improve the accuracy
of revenue forecasts, align inventory levels with
peaks and troughs in demand, enhancing
profitability for a given product. Demand
planning is using forecasts and experience to
estimate demand for various items at various
points in the supply chain. Effective demand
planning then requires a variety of informations
like qualitative, quantitative, timely, usable,
and as accurate as possible, for proper
forecasting of the products. Demand planning can
save your company money and also increase your
profits.
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• Advantages of demand planning
• Efficient supply chain scheduling this helps you
  plan scheduled maintenance shutdowns away from
  busy sales periods and have adequate materials
  and labor on hand throughout the year. When you
  know about a coming spike in demand, you can
  contact customers who dont have time sensitive
  inventory needs and ask them to accept orders
  earlier or later than a specific time when you
  know will be busy.
• Adequate cash flow knowing the peaks of demand
  helps you better in managing your cash flow,
  ensuring you have enough money on hand to pay
  bills. An inability to make your products leads
  to an inability to supply your customer. Demand
  planning lets you reserve cash or negotiates
  bridge loans or credit terms in advance.
• More accurate budgeting the more accurately you
  can forecast demand, including the timing of your
  sales, the more accurate you can be with
  budgeting. If you have a flexible budget, such as
  tying marketing spending to sales, you can shift
  paid marketing efforts such as advertising and
  free marketing efforts such as a social media
  campaign between slow and busy periods.

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• Inventory planning, this is the process an
  organization adopts to determine the optimal
  quantity and timing of inventory to align it with
  sales and production capacity. Inventory planning
  has a direct impact on a companys cash flow and
  profit margins especially for smaller businesses
  that rely upon a quick turnover of goods or
  materials. Every organization that is engaged in
  production, sale or trading of products holds
  inventory in one or the other form. For instance,
  an organization dealing in manufacturing and
  production may hold inventory of raw materials,
  spare parts, and finished goods. All sectors of
  an organization ought to have their inventory
  application concerning the products they are
  producing, selling, and even buying. The
  following are the advantages of inventory
  planning
• You can conduct stock rotation.
• You know your stock level.
• You can quickly identify items that are not
  moving that you can remove from your inventory.
• You can optimize and reduce the stock of items
  that dont move quickly.