Demand planning software is a cross-functional solution that allows you to stay on top of emerging demand trends. And if you want to leverage demand planning at its best, it’s essential to choose the right solution.
Nothing can stop your business from meeting customer demands if it:
- minimizes an unnecessarily overstocked inventory, and
- takes timely actions to prevent supply chain disruptions.
Table of Contents
The Best Demand Planning Software Options
Here’s a list of the five top demand planning software for efficiency gains and higher profitability.
Smart Demand Planner
Businesses worldwide are using the Smart Demand Planner for:
- statistical forecasting,
- analytics, and
- smart inventory management.
The software supports predicting future demands and lets you visualize past business records.
Key Features of Smart Demand Planner
The software allows:
- businesses to optimize, arrange, and control all workloads related to production processes,
- managers and leaders to view updated forecasts to chalk out sales and inventory plans with its Sales and Operations Planning feature, and
- users to import external forecasts to the workbench section.
Benefits of Smart Demand Planner
- one of the best demand planning software solutions for small-scale businesses to achieve focused data synchronization,
- Dynamic Modeling and Graphical Data Presentation prepare the pitch for comprehensive data visualization, and
- Promotions Management allows businesses to make predictive analyses for marketing ventures.
Smart Demand Planner is Best For
Businesses that perform statistical forecasting.
Wrike
Wrike is a force to reckon with in the demand planning software market.
It has more than 20,000 companies using it and over 2 million regular users. Business leaders praise Wrike for its seamless support in demand planning, even when multiple projects are running simultaneously.
Key Features of Wrike
The software allows:
- elaborate access controls and permission settings to enhance the security and authentication levels,
- comprehensive activity monitoring with extended features like
- Activity Planning,
- Activity Tracking,
- Activity Feed, etc., and
- integration of accounting data and audit trails at any point in time.
Benefits of Wrike
- Automated Scheduling features make it a very user-friendly software,
- by utilizing agile methodologies, Wrike ensures a great degree of dynamism in preparing forecasts, and
- an excellent collaboration tool to establish confluence between internal teams.
Wrike is Best For
Best for small businesses where internal team culture and multiple clients/projects mandate the development of custom workflows.
BOARD
BOARD provides an all-encompassing flexible environment for analytics. As a result, business owners get a simplified view of all relevant operational information in one place.
Key Features of BOARD
This demand planning software provides:
- an easily navigable dashboard with all relevant data connectors,
- An all-in-one solution for financial forecasting, including:
- Financial Reporting,
- General Ledger,
- Income and Balance Sheet, etc., and
- The scenario planning feature helps users tailor the demand analysis according to emerging business trends and requirements.
Benefits of BOARD
- robust statistical forecasting is interactive enough to suit the end-user demands,
- it is super easy to integrate existing records and extract beneficial insights from them,
- it’s a good solution to track and monitor the product life cycle closely, and
- you get access to metrics at every stage of the cycle.
BOARD Best For
BOARD demand planning software is best for any business looking to launch and track the performance of multiple products simultaneously.
Stock IQ
Stock IQ is essentially a supply chain management (SCM) solution that provides excellent demand planning and forecasting insights.
The SCM Software market was valued at $18,699.45 million in 2020, reflecting its importance for today’s businesses. It is one of the top demand planning software for businesses struggling with inventory management.
Key Features of Stock IQ
The software allows businesses access to:
- replenishment planning,
- Supplier Planning and Promotion Planning that represent details of the whole product life cycle within a single dashboard,
- dynamic monitoring of the inventory capacity, and
- in-person training for users and webinars and chat support to learn how to navigate through the software.
Benefits of Stock IQ
- The software is easily tailored to match the scale and requirements of your manufacturing setup.
- The customer support and monitoring teams have experienced professionals providing help to users at all times.
- Since the data validation front is robust, simple point and click access to information is available for all daily processes.
Stock IQ is Best For
Any small-scale manufacturing setup along with businesses in the retail and e-commerce sector.
Atlas Planning
Atlas Planning is a perfect all-around tool to extract actionable insights from both unstructured and structured demand signals coming from the field.
The software makes excellent use of artificial intelligence and machine learning to facilitate demand planning and financial forecasting.
Key Features of Atlas Planning
The software:
- Sends timely alerts for inventory replenishment and other aspects of management,
- manages entire product life cycles through:
- Product Introduction Planning,
- Production Scheduling, and
- Promotions Management features, respectively, and
- provides standard features like:
- Demand Forecasting,
- Document Management, and
- Predictive Analytics.
Benefits of Atlas Planning
- there is no limit to accommodating business processes,
- the customization of the software according to specific business needs is quite helpful, and
- gives brilliant support to Supply Chain management strategies as well.
Atlas Planning is Best For
All businesses facing supply chain management challenges.
The Final Argument
So data retrieval, visualization, and forecasting makes demand planning software genuinely beneficial for your business. So when are you having one for yourself?
