Collaborative Demand Planning
Benefits and Features
Collaborative Demand Planning is a combination of rigorous forecasting algorithms to predict future demand, a rich set of ML techniques as well as elaborate collaboration protocols amongst the internal and external stakeholders. In the absence of the right environment and accurate forecasts, the likelihood of lost sales increases drastically. As part of Adexa’s IBP solutions, demand planning is the very critical first step of S&OP process and generation of “one forecast” that the entire company can support and try to satisfy using the supply capacity available to the company. Collaborative demand planning solution is an integral part of Adexa Predictive Analytics (APA) which includes close to thousand measures as well as inventory management strategies and use of neural networks in order to enhance the ability to make accurate forecasts.
Adexa collaborative planning, forecasting and replenishment (CPFR) solution brings speed, accuracy, and simplicity to demand planning; enabling you to increase revenue, organizational agility, and customer service. Here are some of the benefits experienced by our clients:
- Improve forecast reliability — even for new products
- Maintain the right inventory levels for demand peaks and valleys
- Accurately forecast revenue and corresponding resource requirements
- Simplify promotion planning and cost/benefit analysis
- Analyze profitability by channel, product, and geography
- Maximize spare parts usage and maintenance inventories
Using a built-in library of hundreds of statistical forecasting algorithms, Adexa Collaborative Demand Planning gives you timely, accurate, SKU or aggregated demand data from sales, marketing, and customers to create a rich and comprehensive view of all demand factors and forecasts. The system is intelligent enough to recommend the best fit solution as well as show errors of the past inputs by different entities (users). Adexa demand planning solution uses Attribute-Based Planning, unique to Adexa, in order to identify multiple causes of changes in forecast and identify relevant data that may or may not impact the future forecasts.
As parts of Adexa IBP solutions demand planning, supply chain planning and inventory optimization solutions are all working with the same data model. Furthermore, Adexa’s Demand Planner is equipped with close to one thousand KPIs that enable Predictive Analytics capability and Performance Management functions for virtually every business function from Finance to Sales and Operations functions in the company. It readily integrates with other IT environments including ERP and supply planning modules
In addition, Adexa Demand Planner integrates seamlessly with Excel environment. To this end, the users have the option to use Excel as their user interface to the system, to dynamically and interactively update the system and retrieve results and reports as the changes/input are being made in Excel. As an add-on option, users may acquire inventory management and/or inventory planning solutions in order to optimize inventory as the changes in demand are observed and as recommended by the system. Many of Adexa’s customers, in a number of different industries from high tech to process, CPG and distribution, even in highly volatile environments, that perhaps depend on weather changes, are getting forecasts that are close to perfect with accuracy in the upper 90%.
Are you a Fabless enterprise? Do you have a virtual but highly complex supply chain? Do you feel wedged between big customers and faraway suppliers? If that is the case, how well are your supply chain planning systems working for you? In this paper we discuss the shortcomings of current Fabless planning systems, and how you can overcome them.
In this whitepaper, we take Demand Planning much further than its traditional role of just forecasting and discuss how, with the right process and technology in place, it can directly impact increases in revenue, decreases in costs, and reductions in working capital.
To strengthen the accuracy of forecasting, collaborative demand planning emphasizes multiple organizations working together in a live online environment to anticipate and share all aspects of market demand with a view toward increasing customer service, revenues, and market share capture.
Related Webinars & Videos
Related Case Studies
Learn how Adexa replaced one of the leading vendors in supply chain at IDT and changed the planning run times from over 23 hours to less than 3 hours. IDT has been successfully using a complete S&OP solutions of Adexa from Demand planning to supply chain planning and inventory optimization for over 7 years.
Using Adexa Collaborative Demand Planning solution, Dofasco was able to achieve on-time delivery for contractual business 100% and reduced finished inventories by 10%. First year ROI >400
Using Adexa S&OP suite, Fujitsu reduced inventory by 10%, improved forecast accuracy by 30% at the same time cut planning cycle time by 15% having 1300+ users on the system. This case study is a testament to scalability and speed of Adexa solutions and how the system has reliably delivered plans that the entire company can depend on.