How to Use A Demand Planning System for Best Forecasting and Planning Results

How to Use A DemAnD PlAnning system for Best forecAsting AnDPlAnning resUlts By rajiv Urs Shows step by step how to use a demand planning system for best outcomes … the best model varies from company to company and dataset to dataset … market research on a new product can be used as an input to determine the phase-in and phase-out periods of a newly introduced product. T T he main function of a demand planning system is to provide medium-and long-term sales forecasts. The key consideration in choosing an efficient demand planning system is that it lets you forecast not only at a product level but also at product group, customer group, and regional levels, as well as for different planning horizons. The objective of this article is to show how to use a demand planning system for best results particularly in the consumer products industry. EVOLUTION IN THE DEMAND PLANNING SYSTEM Over time the demand planning system has gone through many changes from single client-server architecture to multi-tier client-server architecture. To understand it, one has to know client server architecture and the various parts it is composed of. 1. Client–server architecture: It is an environment ...