Finding software can be overwhelming. We've helped thousands of businesses choose the right demand planning software so they can forecast demand using historical data and stock accordingly.

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CloudAnalytics

CloudAnalytics is a solution-orientated toolset designed to consolidate disparate data and systems into a central point of analysis. We incorporate our deep knowledge of manufacturing and distribution into pre-packaged analytics ... Read more

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Recent recommendations: 2 recommendations

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Vanguard Predictive Planning

Vanguard Predictive Planning is a supply chain management tool developed for scaling enterprise companies. Retailers, distributors, engineering firms, pharmaceutical manufacturers, energy companies, software companies, and various... Read more

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Recent recommendations: 1 recommendations

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Wrike

Wrike is a cloud-based project management platform for teams of 20+ that is suitable for both large enterprises and SMBs. It supports remote work for various teams. This solution comes with Gantt charts, calendars, workload view f... Read more

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Logility Platform

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 b... Read more

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StockIQ

StockIQ is a supply chain management (SCM) suite for 3PL's and distributors of all sizes. The solution is available in cloud-based or on-premise deployments. Key features include supply chain planning, demand planning, supplier ma... Read more

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Atlas Planning

Atlas Planning Platform, is an AI-driven, cloud-based end-to-end supply chain planning solution. Companies in food and beverage, consumer goods, electronics, industrial manufacturing, wholesale distribution, retail, apparel, life ... Read more

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RapidResponse

Delivered as a set of configurable applications, Kinaxis RapidResponse is a supply chain management solution that helps large enterprises with planning. RapidResponse offers organizations the supply chain planning and analytics ca... Read more

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Luminate Platform

JDA Software is a cloud-based supply chain management solution for large and enterprise companies. It serves clients across a variety of supply chain industries including automotive, aerospace, retail, TPL, food and beverage and c... Read more

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NETSTOCK

NETSTOCK is a cloud-based inventory management solution which helps businesses handle purchase orders, customers, suppliers, demand forecasting and more on a unified platform. It allows professionals to manage bills of materials (... Read more

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Avercast

Avercast Forecasting & Demand Planning Software is a cloud-based inventory and sales forecasting solution designed to help small, mid-sized and large enterprise level businesses analyze their historical sales and forecast future d... Read more

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CyberPlan

CyberPlan is a cloud-based and on-premise platform that helps small to large enterprises manage the entire supply chain process, from manufacturing to product delivery. It enables users to streamline production planning operations... Read more

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GMDH Streamline

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 gener... Read more

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QT9 ERP

QT9 ERP is a highly-scalable manufacturing platform for connecting and automating business data from multiple systems into one scalable and intuitive solution. QT9 ERP integrates inventory management, accounting management, sales ... Read more

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RELEX

RELEX Solutions is a provider of supply chain management (SCM) software including demand forecasting, inventory planning, replenishment, allocation and supply chain analytics. RELEX systems are designed for midsize to large retail... Read more

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FashionBoard

FashionBoard is a demand planning solution that helps fashion companies optimize their demand planning and forecasting operations. By making the process as transparent as possible and visualized in a user-friendly platform, the co... Read more

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Blue Ridge Platform

Blue Ridge is a cloud-based supply chain management (SCM) and inventory planning solution for businesses in a variety of industries. Key features include demand forecasting and planning, aggregate forecasting, replenishment optimi... Read more

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INTUENDI

Intuendi is an Inventory Optimization and Demand forecasting software for commerce and manufacturing businesses. Intuendi employs Machine Learning, Big data technologies, and Predictive Analytics to help you identify your future d... Read more

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Frepple

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 invento... Read more

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New Horizon

New Horizon Soft is a global enterprise software company. It produces supply chain planning software suites including Demand Planning, Replenishment Planning/Supply Planning, Inventory Planning, Sales and Operation Planning and Mu... Read more

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AGR Dynamics

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 cl... Read more

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Buyers guide


Last Updated: June 17, 2021

Demand 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
Market Trends to Understand
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?