DEMAND PLANNING SOFTWARE
DemandPro, Demand Planning & Forecating software is an application used by Sales and Production Executives to develop demand forecasts as input to production, inventory and distribution planning.
The software uses mathematical formulas for making future estimations in relation to customer demand over a specific period. It considers historical data and other analytical information to produce the most accurate predictions. More specifically, the methods of demand forecasting entails using exponential smoothing and Moving averages of historical data to understand and predict customer demand and assist in making crucial supply chain and production decisions to optimize business profitability.