Supply Chain Demand Planning: Strategies for Better Efficiency

Thousense Lite14 Feb, 2025Business

Supply chain demand planning focuses on aligning supply with anticipated demand to optimize resources and minimize costs. Companies use forecasting models, market trends, and historical sales data to improve accuracy. Effective demand planning enhances production schedules, inventory management, and supplier coordination. With advancements in AI and predictive analytics, businesses can now achieve higher precision in forecasting, leading to reduced waste and improved customer satisfaction.