Avercast LLC

When we talk about supply chain planning and forecasting, it can be enticing to think of it as an uncomplicated process. Simply forecast demand, analyze existing inventory, monitor demand-affecting factors, and plan your supply chain to meet the projected demand. But unfortunately, nothing comes that easy, not even a smooth-running supply chain. After predicting demand for your product, you need to analyze your capacity or your business's capacity to fulfil projected demand. This includes managing your available materials, manpower, and deadlines and ensuring that your product is on the shelf by the time your customer reaches for it. This is where capacity planning comes into play.  What is Capacity Planning? In a nutshell, capacity planning is the process of determining the production capacity of a business. It helps you plan your production based on your available material and human resources to fulfil the projected demand. The focus here is to increase your profit while re

In a situation of steadily increasing inflation and the world returning to its pre-pandemic state, the supply chain has been hit pretty badly. Demand has become dynamic, and supply is complex due to global geopolitical circumstances. Where some companies are facing significant stockouts due to the slowed-down supply chain, others ordered excess inventory and are now stuck with overstocked warehouses. These realities reaffirm the importance of Demand Planning Software for businesses. Over the past two years, companies that have relied on demand planning and forecasting tools have experienced less loss and damage than those that haven’t. Demand planning is a prerequisite for a successful supply chain, and advanced software can help you achieve it. In this article, we discuss what demand planning is and how you can utilize efficient demand planning tools to grow your business.                            What Is Demand Planning Software? Demand Planning Software performs two major f