Greater competition, more frequent product launches, promotional campaigns and shorter product life cycles have made running a smooth operation increasingly complex. Accurate capture of demand combined with the modelling of resource requirements provides certainty and efficiencies within the operation. Planning the requirements – labour, raw materials, machine time, and distribution and the financial impact of these ever changing demands can be challenging, especially without accurate forecasts.
We can help you design and implement an effective demand planning solution. This will enable you to improve the accuracy of revenue forecasts, align stock levels with peaks and troughs in demand, and enhance profitability for a given channel or product.
Scenario planning is often incorporated as part of the solution. The ability to model and compare plans with a variation in the demand assumption allows the management team to understand the impact of these changes. Scenario planning may be in the form of sensitivity analysis, or specific known scenarios which require modelling. The application will allow for the scenarios to be captured, compared and the potential responses to be evaluated.