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About demand management software
Demand management (DM) software is designed to plan and forecast inventory movement or replenishment of stock. This software is usually integrated into business intelligence (BI) solutions or enterprise resource planning (ERP) systems to provide managers, analysts, and executives strategic information. This information is useful for (a) managing the flow of goods within business operations, and (b) providing timely information for sales forecasts (thus driving marketing activities).
Demand Management Features:
- Accurately fulfill sales forecasts.
- Predict when inventory will need to be replenished, thereby lowering inventory costs.
- Effectively determine when, how, and where to obtain (i.e., source) goods, materials, or finished products (according to demand) within the supply chain.
Demand Management (DM) is one of the main modules of Supply Chain Management (SCM) software. It can forecast how much product to move through the supply chain, how much product to produce, and how much product will need to be produced in the future, based on historical data.
About demand management and your supply chain
Demand management applications are designed to meet the needs of your organizations supply chain planning requirements, including customer and supplier collaboration and all related activities. For all types of manufacturing and distribution operations, demand management systems can accommodate forecasting requirements, replenishment planning, store level replenishment planning, sales and operations planning (S&OP), rough-cut capacity planning, and vendor managed inventory (VMI).
Demand management solutions can be integrated with other components of your supply chain to coordinate the movement of products and services from suppliers to customers (including manufacturers, wholesalers, and retailers). These systems are used to manage demand, warehouses, trade logistics, transportation, and other issues concerning facilities, and movement and transformation of materials on their way to customers.
See ERP-Distribution Buyer's Guide (free download)
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