Smart demand management software: Laying the groundwork for a successful business development
Demand planning is the holistic process to generate reliable demand forecasts based on ML (machine learning)-driven analyses of time series. In contrast to its initial specification, ORSOFT enables a collaborative approach, synchronising demand planning with budget (price planning), sales and rolling demand planning. The smart demand management software incorporates one-off and seasonal effects, special market influences and trends, the product life cycle (new product launches, product discontinuations) and price changes as well as competitor activities.
Demand planning as an elementary process of sales & operation planning (S&OP)
ORSOFT Enterprise Workbench: Demand planning software and its functional features
Configurable demand planning cockpit
Dashboard with overviews of manually or automatically calculated sales volume/sales value budget figures, sales histories, actual customer orders and versioned planning statuses
Aggregation and disaggregation of demands according to specific structures, e.g. distribution, regional or customer structures
Alert mechanisms for automated aggregation and checking of planning data
Alerts and automatic forecasting allows for efficient and fast processing of sales planning, e.g. in case of planning deviations from the previous month or in case of planning below the level of incoming sales orders
ORSOFT Enterprise Workbench | Supplementary software elements to support demand planning
By applying numerous forecast models, algorithms, heuristics and through AI/ML, sales forecasting processes – thus an elementary part of demand planning – can be supported or even automated. Adjustable KPIs may enable the detailed presentation of promotions and special effects.
The product lifecycle management is driven by like-modelling (link: PLM) which allows the use of historical data for new planning objects, e.g. a predecessor product whose demand pattern is very much the same or similar to the planning object.
Further elements of sales & operations planning include