Spreadsheets Are Outdated for Demand Forecasting. Here’s Why!

Spreadsheets Are Outdated for Demand Forecasting. Here’s Why!: Excel spreadsheets have been a reliable demand forecasting tool for a long time, but they’re not fit for today's dynamic markets. Spreadsheets require you to manually input demand and sales data for your business. They are hard to manage, difficult to understand, and often unreliable.

Comments

Post a Comment

Popular posts from this blog

Intelligent Demand Planning: Explore Five Crucial KPIs to Drive Performance

Image
Intelligent demand planning is vital to every thriving supply chain optimization strategy. Accurate demand projections enable organizations to plan ahead and make effective decisions that positively impact their bottom line. However, predicting future demand for your products and services with precision takes significant time and effort. That’s why aligning your business with effective demand planning software is essential. Supply chains are complex systems with numerous variables that need to be anticipated when making forecasts, making it arduous to get reliable results.   In this blog post, we’ll take a look at some of the difficulties linked with the demand planning process in supply chain management and how they can be resolved using advanced analytics and modern technologies. We will also explore various strata where we can find the importance of intelligent demand forecasting in today’s competitive business ecosystem and how it can enable organizations to stay one st...
Read more

Haul your Inventory down with Inventory planning software

Image
  Inventory planning software can lead to cost savings and improved efficiency in businesses. By keeping an accurate inventory, businesses can avoid having to waste time and money on products that are not needed or that are no longer in stock. Additionally, by tracking the inventory levels of your products, you can plan for potential shortages or outages.   But the benefits don’t end there. In this blog, we’ll look closer at the benefits of inventory planning software and reveal one that works best for any business need.   Benefits of Inventory Planning Software Inventory planning software helps retailers manage their Inventory by creating plans and tracking each item's stock. This can help reduce costs associated with maintaining an inventory and improve efficiency. Maintaining precise Inventory is crucial to the smooth operation of any product-based organization. Maintaining a consistent stock tracking system will help you prevent stock mistakes and other issues...
Read more

A Demand planning Software Solution-That can save you more $$$ than you think – Start your Free Trial

Image
·         Up to 99% less stock-outs ·        A 100% ROI in the first month ·        Hundreds of hours saved on forecasting, planning and placing orders ·        Millions of dollars saved reduction of excess inventory ·        Immediate implementation with a user-friendly system Demand planning software  helps you know what your upcoming demand is, so that you can plan your inventory to avoid stock-outs or excess inventory. Finding a powerful demand planning software solution, in many cases, can save your company hundreds of thousands of dollars almost immediately. Our custom-made demand forecasting solution for your inventory planning needs Avercast Demand planning (ABF) software is powered by an industry leading 208 forecasting algorithms. Avercast Demand planning systematically measures each algorithm against up to ...
Read more