Demand Planning

Demand planning is the part of supply chain management that deals with the forecasting of future sales figures. This is often done using machine learning techniques and mathematical forecast models. This involves extrapolating the demand for a product observed in the past into the future. Forecasting methods are not only used here to predict material requirements, they are also used to provide demand data for aggregate overall planning and main production program planning.

Learn more about Germanedge’s Demand Planning Software.

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