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Smart Demand Planner

Status: Unverified

Smart Demand Planner is a demand management and forecasting solution. It generates the best possible statistical forecast that account for trends, seasonality, and promotion/event driven demand while providing a collaborative workbench to develop the consensus forecast that drives ordering and replenishment in NetSuite.

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Description

Demand Planning , Demand Forecasting, and Consensus Planning

Smart Demand Planner is a demand management and forecasting solution.  It generates the best possible statistical forecast that account for trends, seasonality, and promotion/event driven demand while providing a collaborative workbench to develop the consensus forecast that drives ordering in NetSuite.   Forecasts are continuously generated based on up-to-date demand signals.  The baseline forecast and external sales or customer forecasts may be imported for comparison and consensus planning within Smart Demand Planner’s collaborative workbench.   Overrides can be applied, reviewed, compared to the baseline and approved by authorized users.   Forecast accuracy can be measured ensuring the best possible forecast is delivered to the business at both the aggregate and item mix levels.  Exception tracking identifies forecast changes, demand anomalies, and more helping users focus in on what needs attention.

Key Benefits

  • Increased Forecast Accuracy
  • Lower Inventory Costs
  • Higher Service Levels
  • Enhanced Productivity

True Web Platform

  • 100% web based
  • Thin Client
  • Multi Tenant
FEATURES

Automatic Forecasting

  • Automatically selects the right statistical method
  • Accounts for trend, seasonality, and intermittent demand
  • Supports user defined forecasting methods

Consensus Forecasting

  • Share forecasts with internal and external stakeholders such as sales, marketing, and customers.
  • Import customer forecasts, budgets, or sales plans from Excel.
  • Review multiple forecasts in the consensus workbench
  • Develop the final forecast within mouse-clicks for upload into NetSuite.

Accuracy Reporting and Exception Management

  • Automatically track forecast accuracy and bias for each item and group.
  • Exception reports track items with demand anomalies and changes in forecasts that exceed user defined thresholds

Multi-Level Forecasting

  • Build robust forecast hierarchies that enable planning at level including product family, group, region, and more.
  • Apply forecast overrides at any level
  • Automatically allocate the change throughout the hierarchy proportionally.
  • Drill from family levels all the way to item x customer levels to see how total demand is comprised across your product and customer portfolio

Continuous Forecasting

  • Automatically generates new forecasts every time new demand data is available.
  • Automatically accounts for user overrides
  • Tracks forecast changes alerting users to situations that require additional attention.