// ROBOTICS AND SMART FACTORIES TERM
Demand Planning
Demand planning is the process of forecasting future customer demand for products or services. It uses historical data, market trends, and other factors to predict what customers will want.
TECHNICAL DEFINITION
Demand Planning is the business process of forecasting future customer demand for products or services by analyzing historical sales data, market trends, economic indicators, and promotional activities, serving as a critical input for production scheduling, inventory management, and supply chain optimization.
BACKGROUND
The Fourth Industrial Revolution, also known as 4IR, Industry 4.0 or the Intelligence Age, is a neologism describing rapid technological advancement in the 21st century. It follows the Third Industrial Revolution. The term was popularized in 2016 by Klaus Schwab, the World Economic Forum founder and former executive chairman, who asserts that these developments represent a significant shift in industrial capitalism.
READ MORE ON WIKIPEDIASYNONYMS & ALIASES
- Demand forecasting
- Sales forecasting
- Market prediction
- Future demand analysis
USAGE NOTE
Accurate demand planning is crucial for optimizing inventory levels and avoiding stockouts or overproduction.
DEVELOPERS
Organizations developing technology related to Demand Planning.
A global leader in enterprise resource planning (ERP) software, offering advanced demand planning and forecasting solutions as part of its Integrated Business Planning (IBP) suite and Supply Chain Management (SCM) modules, leveraging AI and machine learning for predictive analytics.
Provides comprehensive cloud-based supply chain planning solutions, including demand management, forecasting, and sensing, utilizing machine learning to improve forecast accuracy and align demand with supply and financial plans.
A leading provider of AI-driven supply chain planning and execution solutions, with robust capabilities in demand forecasting, inventory optimization, and sales & operations planning (S&OP) for various industries.
Specializes in concurrent planning solutions, enabling companies to integrate demand planning with supply, inventory, and sales & operations planning in real-time to respond quickly to market changes and disruptions.
Offers a networked platform for multi-enterprise business operations, providing end-to-end supply chain management including advanced demand planning, forecasting, and sensing capabilities that leverage real-time data.
Provides an AI-powered 'Digital Brain' platform for integrated business planning, covering demand forecasting, supply planning, and sales & operations planning, designed to help companies make faster, smarter decisions.
Specializes in service level optimization and demand planning software, using advanced analytics and machine learning to forecast demand, optimize inventory, and improve service levels for complex supply chains.
Delivers industry-specific cloud software, including comprehensive supply chain planning solutions that encompass advanced demand planning, forecasting, and inventory optimization to support complex manufacturing and distribution environments.