A cloud-based demand planning and forecasting solution
Tired of feeling like you’re always a step behind? To keep on top of customer orders and satisfaction, you need a firm grasp of your existing inventory, projects, and future needs. Otherwise, it’s all too easy to be caught short on the essential materials you require; or conversely, be left overstocked with items you don’t need. Rand Group will fit you with a demand planning and forecasting solution that empowers you to better plan for the future and optimize your inventory.
Effectively monitor inventory and improve forecast accuracy with Rand Group
Demand planning and forecasting should be a continuous process ingrained in your business to ensure you continue to meet customer demand while minimizing excess inventory and avoiding supply chain disruptions. It combines sales forecasting, supply chain management, and inventory management with various data, which can be difficult if you lack an integrated business solution. Precise forecasts of upcoming inventory requirements enable you to minimize the opportunity for shortages and overages.
Rand Group is your technology partner to implement a demand planning and forecasting solution that keeps your production processes running smoothly by ensuring all materials are available and in the correct locations. Have peace of mind that production is set up for success by managing all material, machinery, and labor resources in a single application that integrates with your ERP system and manufacturing and supply chain operations. Our team of software engineers and industry experts will implement the solution tailored to your business and train all team members on it to deliver long-term success and business value.
Secure product availability
Accurate demand planning helps safeguard that products are available as promised for customers, minimizing stock-outs and missed sales opportunities. Efficiently stock inventory and replenish products based on sales to avoid excess inventory.
Improve visibility of future demand
Utilize various statistical methods to create a baseline demand forecast based on historical data for warehouses, customer groups, items, customer accounts, countries, regions, and states. Infuse your planning with supply chain, sales, and marketing pipeline data to strengthen demand forecasting.
Optimize inventory with materials requirements planning
Automatically determine what raw materials, components, and subassemblies are needed, and when, to assemble and deliver finished goods based on demand and your set bill of materials (BOM).
Capabilities of an effective demand planning and forecasting solution
A powerful demand planning and forecasting solution delivered by Rand Group helps balance supply and demand to achieve your organization’s financial and service objectives. Eliminate obsolete inventory, lost sales, manual processes, excess inventory, and bottlenecks throughout your supply chain.
With our demand planning and forecasting solution you can:
- Efficiently calculate and generate supply and demand plans
- Build forecasts using various models and data including linear regression, moving average, seasonal average, and sales forecasts
- Easily define multiple inventory locations with real-time visibility
- Generate a purchase order, work order or transfer order to restore inventory to the preferred stock level when it falls below the minimum threshold
Discover other business solutions offered by Rand Group
Rand Group offers numerous solutions for supply chain management that we tailor to each client to transform your operations. Our team of software engineers will ensure your solution integrates with the rest of your technology stack and can accommodate unique processes and facilitate data flows. Explore other solutions below to compliment demand planning and forecasting.
Procurement
Streamline procurement operations with a solution that includes workflows for purchase requisitions, RFQs, and trade agreements, plus realize maximum cost savings by automatically applying negotiated pricing policies. Build redundancy in supplier networks and improve vendor collaboration with Rand Group’s procurement solution.
Product Management
Manage all information and processes related to your products or services from the beginning of its lifecycle to its end across supply chains networks. With a product management solution, unify processes for faster decision-making, reduce the time from innovation to launch, improve quality management, and enforce product compliance.
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Let’s talk about how we can transform your business
