Demand Management & Forecasting

Integrated Demand Management Platform - TXTDEMAND

TXTDEMAND provides you with a high-quality Demand Planning process, shared by all corporate functions.

Functions

• Demand Planning: generates demand plans filtered on products, markets and sales channels and enables them to be shared between different company functions. Users can select the sections of the plan relevant for them using Microsoft Excel, and then place them within the central functions to generate a single, shared plan.
• Demand Forecasting: generates demand forecasting statistics whilst combining forecast algorithms, past data analyses and current sales data with market knowledge and real-time data; supplied directly from the sales network.
• Sales Budgeting: supports companies in the definition of sales budgets. The solution makes the analysis of budget variance and periodic budget revision easier, based on actual sales and updated forecasts.
• Promotion Planning: supports promotion management as part of the forecasting process and evaluates the impact of such initiatives on volumes, turnover and margin objectives. Helping planners to optimize the use of resources for promotional initiatives.
• Assortment Planning: enables planners to establish the right mix of products to be allocated to the distribution network. Assortments are defined by taking into account sales targets and other constraints, such as shelf space and allocation rules.

Benefits

An effective demand management system guarantees:

• improved service levels; accurate demand planning allows for better response to market demands.
• lower stock levels and inventory costs; lowers safety stocks at every level of the distribution chain.
• improved purchase planning with subsequent reductions in procurement cost.
• improved use of production assets.
• improved promotion and assortment planning, with positive effects on sales.

Set up an integrated sales & operations planning system

The combination of Demand Management & Forecasting (TXTDEMAND) with Planning & Optimization (TXTPLAN) enables an integrated Sales & Operations Planning process to be built.