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AWS Supply Chain is a cloud-based solution designed to streamline data integration and deliver AI-driven insights. Packed with advanced features such as collaborative tools, predictive demand and supply planning, comprehensive supplier monitoring, and sust...Read more about AWS Supply Chain
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Oracle Supply Chain Management (SCM) With Oracle Supply Chain Management (SCM) & Manufacturing, organizations can respond quickly to changing demand, supply, and market conditions. Seamlessly connect your supply chain to create a resilient network and pro...Read more about Oracle Fusion Cloud SCM
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Inventory Planner is a software solution that helps businesses manage and plan their inventory to minimize overstocking or out-of-stock issues. It is deployed as a web application and is compatible with any device. The software caters to businesses in the ...Read more about Inventory Planner
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Netstock is a leader in demand and supply planning software and is trusted by more than 2,400 customers globally. Integrating into the world's leading ERPs, Netstock empowers small and medium-sized businesses globally with robust inventory optimization ...Read more about Netstock
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Tecsys’ Elite™ provides a series of cloud-based supply chain management solutions suitable for midsize to large distribution companies. The company currently services a wide range of verticals such as healthcare, service parts, heavy equipment, industrial ...Read more about Tecsys Elite
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Accelerating the digital supply chain from product concept to customer availability, Logility helps companies seize new opportunities, sense and respond to changing market dynamics and more profitably manage their complex global businesses. The Logili...Read more about Logility Platform
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John Galt's Atlas Planning Platform revolutionizes your ability to make smart, practical supply chain decisions with confidence. It’s a single, AI-driven SaaS solution that can span your entire supply chain but begins wherever you want—from strategic deman...Read more about Atlas Planning
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New Horizon Soft, LLC is a rapidly growing provider of AI-powered supply chain planning software that enables manufacturers, wholesalers, and retailers to improve forecast accuracy and service levels while reducing inventories and costs. We help planners m...Read more about New Horizon
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Algo is a cloud-based supply chain planning platform that tracks inventory and demand across various channels and locations. The analytically enhanced platform integrates disparate business data, providing real-time predictive analytics and insights. This ...Read more about Algo
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StockIQ is a supply chain management (SCM) suite for distributors and manufacturers of all sizes. The solution is available in cloud-based or on-premise deployments. Key features include supply chain planning, demand planning, supplier management, and proc...Read more about StockIQ
LeanDNA is an intelligent supply chain execution software that helps discrete manufacturers reduce excess inventory, prevent critical shortages, and establish operational command. It is a cloud-based, factory-centric, SaaS platform that uniquely focuses on...Read more about LeanDNA
Blue Ridge designed smarter software for demand planning, replenishment, and inventory optimization that achieves positive ROI in 90 days guaranteed. With a simple, scalable, and powerful supply chain management solution you can break free from spreadshee...Read more about Blue Ridge Platform
OpsVeda is a platform that provides operations intelligence to enable businesses to make smarter operations decisions based on real-time information from the cloud and on-premise. OpsVeda brings together all data streams generated by assets, mobile devices...Read more about OpsVeda
Ganacos is a cloud-based software designed to help businesses support and manage data-driven decisions. Ganacos is best fitted for companies with a turnover of +€20millions. The platform enables organizations to streamline planning, data analysis and simu...Read more about Ganacos
GMDH Streamline is a supply chain management solution that helps distributors, manufacturers and retailers handle processes for demand forecasting and inventory replenishment planning. It enables enterprises to automatically generate statistical forecasts ...Read more about GMDH Streamline
Smart IP&O is a cloud-based and on-premise solution that lets businesses manage processes related to inventory planning, demand forecasting, supply chain management, and more. Hosted on the Amazon Web Services (AWS) platform, it lets users secure informati...Read more about Smart IP&O
Arete Prevail is a web-based integrated demand planning solution used to create and manage accurate sales forecasts. Prevail ensures the development of detailed forecasts that roll up to accurate operational forecasts which can be leveraged within a replen...Read more about Arete Prevail
Jada vendor management inventory and demand planning system is suitable for businesses looking to manage inventory holding costs and track service levels. SCP is offered as a best of breed application that is ideal for both midsize and large companies. ...Read more about SCP 4.0
Pyplan, as an advanced Planning and Analysis platform, possesses the adaptability to cater to personalized planning methodologies while also exhibiting the capability to effectively govern an entire organization. By seamlessly merging Sales, Operations, HR...Read more about Pyplan
INTUENDI is a demand planning and inventory replenishment solution that is designed to help businesses increase sales and return on investment. INTUENDI's analytics provide insights into future demand, sales patterns, the impact of external factors and g...Read more about INTUENDI
StockTrim is a cloud-based solution designed to help small to midsize businesses in eCommerce, retail, manufacturing, wholesale, and distribution manage demand forecasting and inventory planning operations. It includes a machine learning (AI) algorithm tha...Read more about StockTrim
Integration of Demand Planning and Business Intelligence - Tailored to your requirements across Demand Planning, Supply Planning and Sales & Operations Planning, Avercast integrates your business and pinpoints opportunities while simultaneously identifying...Read more about Avercast
FrePPLe is a supply chain planning and scheduling solution, which integrates with ERP systems such as Odoo, SAP, Sage, JobBoss and more. Users can schedule production by dragging-and-dropping jobs on Gantt charts, optimize inventory stock levels, adjust sa...Read more about Frepple
AGR Dynamics is a supply chain management solution, which assists small to large retailers and wholesalers with financial planning, demand forecasting, ordering and reporting on a centralized platform. Features include location clustering, inventory optimi...Read more about AGR
CCH Tagetik’s Industry-leading, Supply Chain Planning increases resilience and optimizes operational efficiencies by enabling real-time, connected demand, supply, and production planning. CCH Tagetik Supply Chain Planning is a key component of our powerful...Read more about CCH Tagetik Supply Chain Planning
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Buyers Guide
This detailed guide will help you find and buy the right demand planning & forecasting software for you and your business.
Last Updated on January 27, 2025Demand planning and forecasting software is used across industries by businesses of all sizes. The market for this software is continuously growing, and demand planning technology continues to evolve. Some vendors offer a complete supply chain planning suite with features such as inventory and replenishment planning, while others offer demand planning as an add-on or standalone feature.
This buyer’s guide aims to help you understand the features and functionality of demand planning and forecasting software in order to help you during the software selection process.
Here's what we'll cover:
What Is Demand Planning and Forecasting Software?
Common Features of Demand Planning and Forecasting Software
Benefits of Demand Planning and Forecasting Software
Evaluating Demand Planning and Forecasting Software
What Is Demand Planning and Forecasting Software?
Demand planning software allows organizations to minimize waste by tracking trends that will affect future demand. This type of system accomplishes the task by improving forecasting governance in order to eliminate errors or biases in the data and also by reducing data latency, which makes real-time demand planning possible.
In addition to procurement software and strategic sourcing software, demand planning systems are an important, cost-cutting element of supply chain management software.
Common Features of Demand Planning and Forecasting Software
Organizations can achieve two key objectives with the help of demand planning tools: an improvement in demand forecast accuracy and greater control over demand shaping.
Historical analysis | Cross-functional or multi-dimensional forecasting processes analyze the historical demand for an individual product along with broader macro- and micro-economic trends to deliver an accurate forecast to supply chain executives. |
Data separation | The software gathers a wide range of data to improve past and future demand analysis. Filtering and separation occurs by product, customer, season and market information. |
Demand shaping capacity | The software factors in scheduling data related to promotions, advertising, planned product launches and upcoming competitor activity, accumulating and displaying detailed plans for future marketing campaigns as well as the projected effects on awareness, demand and revenue that will accompany them. |
“What-if” analysis | With all the information in the system, the software can perform a series of scenarios and simulations based on “what-if” factors. Based on the results of these what-if simulations, potential deviations from planned demand can be communicated to the necessary areas of the supply chain in order to adjust shipments or production. |
Supply chain communication | Demand planning systems communicates with other elements of the SCM system to renegotiate replenishment scheduling through capacity planning. This prevents unnecessary oversupply and cost inefficiencies by reducing inventory carrying costs and excess inventory write-offs. |
Market Trends to Understand
Software as a service (SaaS). Many businesses are now opting for cloud-based systems that are hosted by the vendor and enable users to run the software entirely via web browser. Vendors that provide cloud-based demand planning and forecasting software include Fishbowl, SAP, S2K and Infor.
Digital monitoring. With the increasing globalization of the supply chain, companies face challenges such as delays, longer delivery times, degraded quality and higher costs. To tackle these challenges and maintain visibility and connectivity across the entire supply chain, many demand planning and forecasting software solutions offer a digital monitoring feature that provides real-time updates.
Artificial intelligence. The supply chain for global companies is complex and constantly evolving, which means it is susceptible to errors that can cost millions, if not billions of dollars. To combat this, some vendors are introducing features that are capable of finding and correcting both historic and live supply chain data. For example, vendor Rulex introduced an AI software solution in September 2016 that can automatically detect and correct errors in supply chain data.
Increased demand for third party integrations. Rather than having to purchase an entirely new system that covers every aspect of business operations, many buyers now seek solutions that allow them to easily import data, such as procurement, sales and operations, from their pre-existing software into the new solution without requiring extra manual effort.
Analytics. Demand planning and forecasting software vendors use different predictive models to improve the accuracy of demand forecasts. As a result, business intelligence software vendors with predictive analytics capabilities have started offering demand planning and forecasting software for supply chain application. For example, Qlik and Board BI have expanded their product offerings for the demand planning software market.
Benefits of Demand Planning and Forecasting Software
Demand planning and forecasting software can yield many benefits for organizations. These benefits include (but are not limited to):
Increased efficiency. A demand planning and forecasting solution helps increase the efficiency of a company’s supply chain and operations, improve capacity and manage inventory levels. These tools can also generate a demand plan based on historical data and predict future demand.
Improved collaboration. A demand planning system can help improve communication between a company’s supply chain and other areas of operations, including sales, marketing and finance. This can lead to the creation of action plans for different scenarios to enhance overall productivity.
Cost control. Demand forecasts reduce costs by preparing effective inventory-stocking plans. This feature prevents inventory overstocking while focusing on high-profit inventory items.
Trend analysis. In addition to controlling costs, trend analysis features can generate forecasts by capturing historical data and combining it with data related to seasonal variation and promotions. These forecasts can help prevent sales loss due to lack of inventory.
Evaluating Demand Planning and Forecasting Software
Evaluating demand planning and forecasting software requires an assessment of the functionality and its value to the planning process. It also requires an understanding of the efficiency, accuracy, and relevance of the data that is provided, since that data is key to the effectiveness of the system.
Key considerations when selecting demand planning software include:
What data does it collect and interpret?
How often is the data collected?
Will it be used by itself, or in conjunction with supply chain planning or a comprehensive SCM system? Is it compatible with legacy systems?