Demand management (DM) software is designed to plan and forecast inventory movement or replenishment of stock. This software is usually integrated into business intelligence (BI) solutions or enterprise resource planning (ERP) systems to provide managers, analysts, and executives strategic information. This information is useful for (a) managing the flow of goods within business operations, and (b) providing timely information for sales forecasts (thus driving marketing activities).
Demand Management Software Business Drivers and Benefits
Accurately fulfill sales forecasts.
Predict when inventory will need to be replenished, thereby lowering inventory costs.
Effectively determine when, how, and where to obtain (i.e., source) goods, materials, or finished products (according to demand) within the supply chain.
Demand Management Software Risks
Organizations without effective demand management software run the risk of sales, forecasting, and supply chain disruption:
mismanagement of sales statistics, leading to problems in sales forecasting
inability to predict when stock needs to be replenished
sourcing difficulties in the procurement process
Why Use the Demand Management Software Evaluation Center?
Evaluate demand management systems to find out which application can most effectively provide the supply chain intelligence you need.
Determine which solutions can accommodate the granularity you need for market analysis and reporting requirements.
Identify and shortlist the demand management solutions that meet the unique requirements of your executives, distributors, and supply chain experts.
Most Requested Research Related to Demand Management
"Your people, [TEC] and your product [TEC's decision support system] allowed Racal to quickly focus on a highly qualified group of suppliers."
- Greg Cruzan, chief technology officer, Racal Instruments Inc.
"I am delighted with the role that TEC has played in our search for the right system... and could not recommend [it] highly enough."
- Sean Reilly, IT manager, Largo Foods
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