Demand Management and Consensus Forecasting helps you generate a more accurate, one-number forecast to drive your operational planning more efficiently and more profitably. Forecast objectives vary by department. Sales organizations want products available to sell whenever possible, without consideration of costs. Meanwhile, operations executives want to avoid unnecessary costs by maintaining optimal inventory levels and production runs to meet the actual sales. Demand Management helps you reconcile these conflicting goals by enabling you to incorporate historical data, point-of-sale data, marketing intelligence, new product introductions, and capacity constraints into an optimal consensus forecast through powerful algorithms and business intelligence.
Features of the solution include the ability to:
- archive demand profile libraries
- automatically integrate causal factors
- conduct scenario planning
- measure and report performance
- use flexible hierarchies
- utilize consensus forecasting capabilities in real time
- dynamically integrate with supply plan to enable dynamic re-forecasting
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