Avercast LLC

  It’s been three years since the world came to a halt because of an unpredicted microorganism. With all the efforts, the world has moved on, and so has the supply chain. However, one key question that every supply chain professional is seeking an answer to is, are we ready if something unprecedented happens again? Yes, the question is superficial, but do you have the answer? If you are also on the other side of the question and do not know more about  demand planning software , continue reading to reach a conclusive answer. The past year has highlighted more challenges than anything ever did. From paradigm shifts in customer demand, product lifecycles getting compressed, an increasing number of SKUs, a rise of new distribution channels, and much more. These challenges have made us all question the historical data-based techniques of forecasting. Today, businesses have nothing to base their sight upon; they constantly search for new data and insights. The reasons for all these...

The one thing that drives your business is customers’ demand. Without demand, there is no business. That’s why brands advertise highly to make customers needy and generate demands. Though we cannot predict that accurately, companies still spend a hefty budget annually on predicting demand. However, it is easier said than done. Forecasters use predictive analytics to anticipate future orders based on past data and present sales trends. Forecasting is just the beginning of the gigantic process of demand planning. The process is vital to streamline various supply chain operations and satisfy customers’ demands. It is evident that companies try to be as correct as they can be, and that’s why they use Demand Forecasting Software . Besides predicting future orders, the software contributes highly to determining the product’s price, resource requirements, expansion, and more. So, before we get into how to initiate Demand Planning and Forecasting and its benefits, let us find out more about i...

 A supply chain is what you call the spine of a business. With the evolving technology, the way the supply chain is perceived has changed. Today, it has more small fragments that, when combined, make a complete process. Managing these fragments efficiently is vital for a business to devise a path of undeniable growth. Typical supply chain management begins with planning, and the entire process comes full circle with the final product getting delivered to the consumer. Until then, the whole transit process is effectively called a supply chain. Between planning and delivery, there are various steps like logistics for stock of raw materials, production or manufacturing, marketing, and logistics (taking products from the warehouse to different customer touchpoints like retail outlets, franchisee outlets, etc.). It ends on delivery if the consumer does not return it. According to old sayings, the stronger the foundations of your skyscrapers are, the more difficult it will be to shake th...

 Sale and Operations Planning Software is used for incorporating data about customer demand and inventory levels into an organization’s broader financial strategy. For this purpose, businesses often compile information on product demand and compare it to the quantity they have on hand. In addition to influencing long-term profit margins, this insight also guides production strategies and material ordering. Typically, businesses utilize data spreadsheets to keep tabs on sales and forecasts for S&OP Solutions. However, advanced AI and Machine Learning are not used in this procedure. Sales & Operations Planning is one of the simplest yet important procedures in Supply Chain Management. Sales and operations planning Software enables interdepartmental collaboration and coordination. The effectiveness of existing sales and operations is analyzed using S&OP software. In this blog, we will study how AI can optimize your Sales & Operations Planning resulting in enhanced Sup...

Demand planning software helps organizations plan and track the demand for their products and services. It not only follows its production and demand records, but makes necessary adjustments to ensure that businesses are meeting their goals. Demand planning and forecasting can be used for various purposes, including predicting future production needs, forecasting customer demand, and managing inventory. How is demand planning software effective in business? Demand planning software is a valuable tool used by businesses of all sizes to achieve their production and demand goals. It can help you manage your customer's demand for products or services. This software can help you determine when and how much to produce and what to sell to meet customer needs. Take a look how at how Demand Forecasting and Planning Software can help you: Greater Efficiency Efficiency is directly proportional to the performance of all businesses. You will be better able to manage your capacity and maintain...

  Various factors like successful advertising campaigns, referrals, some external contributors such as season can produce an increase in sales. And you should always be prepared to handle the sudden surcharge. It’s essential you work to your maximum capacity to meet the demands. However, how do you measure your capacity and how do you know if you are working to your full potential or not? The answer is simple and can be answered with three words Capacity Planning Software. Before we dig deep into Capacity Planning software , here’s more on capacity planning.  Capacity planning is one of the stepping stones for any company. The method of analyzing the production capabilities to achieve the demand is commonly known as Capacity Planning. Besides the obvious explanation, Capacity planning is also defined as a tool to reduce the inconsistency between customer demands and capacity of entity of business.  Besides assisting you in identifying the capacity of the business, it also...

  Given a chance to choose between never bearing a loss and accurately forecasting your demand, what would you choose? Business is more than just profit and loss; it is about solving real-life problems and making life easy. One such problem is precise sales forecasting or demand forecasting. Today, with the rise of technology, anticipating demand has become accessible only if you know how to go about demand planning and forecasting .    Demand planning is not just a science of reacting to forecasted demand. It is the art of planning every step, preparing for the worst, hoping for the best, and then fulfilling the predicted demand . I t is always essential you ask questions before beginning with the demand planning. Here are some of the crucial questions that you should ask before you start planning        What is your desired demand planning KPIs?    Demand planning KPIs provide you with real-time information which assists you during fo...