Demand Planning Software is a type of software used to forecast future customer demand. It helps businesses better understand the current and potential market trends, as well as anticipate changes in customer behavior and preferences.
The software enables organizations to make more informed decisions about production, inventory management, pricing strategies, promotions, and other important factors that affect their bottom line.
By using Demand Planning Software, companies can gain a competitive advantage by being able to plan for efficient operations with more accurate predictions of consumer demand. This can result in lower costs for inventory management and higher profits due to improved forecasting accuracy.
If you’re looking for the best Demand Planning Software, you can find the perfect one for your needs here in our top picks:
1. SAP Integrated Business Planning
SAP Integrated Business Planning is a cloud-based solution that provides real-time supply chain planning capabilities to help you respond to new market expectations and fulfill future demand profitably.
It is powered by in-memory computing technology within SAP HANA, combining capabilities for sales and operations; demand, response, and supply planning; and inventory optimization.
Its key benefits include rapid deployment with preconfigured process templates, an intuitive user experience with SAP Fiori using Microsoft Excel for planning and simulation, as well as the ability to optimize resource efficiency by creating supply plans based on prioritized demands.
In addition, it has powerful predictive analytics tools like integration with SAP Supply Chain Control Tower which offers end-to-end visibility of the supply chain along with decision support and fast corrective action.
2. Netstock
Netstock is a leader in supply chain planning software and has been trusted by over 2,200 customers worldwide. Their cloud-based solutions provide businesses with the agility they need to remain responsive and profitable.
Netstock integrates into leading ERPs, unlocking data that can be used to respond quickly to changes in demand.
With improved visibility and team alignment, businesses can reduce their operating cash flow through enhanced forecasting, predictive demand planning and sales & operations planning capabilities.
To find out more about what Netstock has to offer you should visit their website at www.netstock.com for additional information on their features and services.
3. IBM Planning Analytics with Watson
IBM® Planning Analytics with Watson is a comprehensive demand planning solution that helps you create precise plans, budgets, and forecasts.
It allows you to explore and analyze data, build multidimensional models for deeper analysis of different variables such as product, customer, region etc., perform what-if scenario analysis for better decision-making, and communicate insights using self-service visualizations.
The collaboration capabilities of this software also enable integration across various departments such as Finance, Sales, Supply Chain, Operations Marketing, and HR in order to make informed decisions based on real-time market events.
4. SAP Advanced Planning and Optimization
SAP’s Advanced Planning and Optimization software is a comprehensive set of tools that enable businesses to plan, manage, and optimize their supply chain operations.
It includes functions for demand planning, inventory optimization, production scheduling, and forecasting.
By integrating all of these components into one platform, users can gain visibility into their end-to-end supply chain processes in real-time.
This allows them to make more informed decisions about where resources should be allocated in order to ensure the most efficient use of materials and labor.
Additionally, this software can help organizations reduce costs by eliminating manual processes associated with traditional planning methods and improve customer service levels by proactively managing the entire supply chain process from end-to-end.
5. Blue Ridge Global
At the junction of demand, cost, and stock, there lies a strong supply chain.
Blue Ridge’s cloud-based software solution provides wholesalers, retailers, and manufacturers with an easy-to-use platform that combines data science-powered inventory prediction and price optimization.
It allows for modeling, proper inventory management, and collaboration, all of which are designed to maximize customer profitability and levels of service.
6. StockIQ
StockIQ is an efficient supply chain planning program for managing demands, restocking, supplier planning, promotional activities, inventory, and production capacity.
Tailored to the distribution and manufacturing industries, StockIQ’s inventory tracking software speeds up Sales & Operations Planning (S&OP) and facilitates timely communications between sales, marketing, supply chain, finance, and partners.
7. Oracle Demantra
Oracle Demantra is an industry leader in providing demand management, sales & operations planning, and trade promotions management solutions.
It leverages advanced analytics to help businesses accurately forecast customer demand, optimize inventory levels across the supply chain and maximize promotional effectiveness.
Oracle’s Demantra provides a comprehensive suite of tools for managing all aspects of the product life cycle from design to production. Additionally, it features collaborative interfaces that enable stakeholders to work together more efficiently on sales plans and forecasts.
The software also offers reporting capabilities so users can easily monitor performance against goals and make necessary adjustments along the way. With its robust feature set and ease of use, Oracle Demantra is an ideal choice for companies looking for a complete solution for their demand planning needs.
8. Alloy
Alloy is an advanced analytical and planning system for customer-oriented businesses. It was specifically designed to help companies monitor and predict demand quickly and effectively.
With Alloy, companies can assess sales and stock inventory both generally and in detail, right down to individual stores and SKUs, to get a better understanding of their business, boost future growth, and improve their supply chain.
A variety of companies have benefited from Alloy’s end-to-end insight, including major corporations like Sony, Fererro, and Melissa & Doug as well as smaller startups such as Billie.
9. GMDH Streamline
GMDH Streamline is a revolutionary supply chain planning software that utilizes AI technology to give its users an edge over the competition.
Its advanced time-series decomposition approach enables it to generate highly accurate statistical forecasts, which can then be used as a solid foundation for further demand planning processes.
This software also integrates modern planning technologies and strategies with inventory optimization tools, giving crucial insights in real time so that you can make better decisions quickly.
With GMDH Streamline, you not only get powerful forecasting capabilities but the ability to optimize your entire supply chain from end-to-end.
10. Logility Solutions
Logility Solutions offers a comprehensive suite of software to help companies manage and optimize their digital supply chain.
The Logility Digital Supply Chain Platform is powered by artificial intelligence (AI) and advanced analytics, giving customers the ability to automate planning processes, accelerate cycle times and increase precision.
This cloud-based platform can be used for multiple business functions such as sales and operations planning (S&OP), integrated business planning (IBP), demand, inventory, replenishment planning, global sourcing, quality & compliance management product life cycle management etc.
11. Blue Yonder Demand Planning
Blue Yonder Demand Planning is a comprehensive demand planning software that helps businesses maximize their profits by better understanding customer behavior, optimizing inventory management, and increasing planner productivity.
It does this by ingesting hundreds of data points about items such as economic indicators, seasonal trends, historical sales figures, and promotional activities to generate an unbiased demand projection that provides insights into the potential business impact and risk associated with each decision.
With this information at hand, businesses can make smarter decisions on when to produce or purchase products in order to meet customer demands while avoiding potential losses due to overproduction or understocking.
12. Avercast
Avercast Demand Planning Software allows you to be aware of upcoming demand and plan your inventory appropriately, potentially saving your firm hundreds of thousands of dollars.
This software is powered by 208 forecasting algorithms, which take the latest trends, seasonal patterns, and events into consideration and present data in a simplified graphical format.
Avercast also provides custom reporting, an integrated Business Intelligence tool, and tailored solutions with expanded features.
Its safety stock optimization, service level optimization, ABC analysis, promotion and event management, exception management, and customizable performance metrics tools make it one of the superior forecasting software solutions available.