Demand Planning at its Best
Demand Planning is a complete and complex solution for a company or an organization, by permitting managers to design demand forecasts of high accuracy on a statistical basis. The demand planning software takes into account history of demand, casual events and input data, which generally comes from two sources, trading partners and employees, and then generates accurate forecasts that perfectly match the production cycle. The MIE Trak demand planning software helps companies increase the level of forecasts accuracy, as well as the one of production performance, thus leading to a significant reduction in inventory levels and an equally significant increase in customer service. Any manager knows that demand planning starts with an explicit and precise expert statistical forecast, to which functionality is then added in order to reach a level of unity between demand, performance and management. The MIE Trak software enables you to adjust and level collaborative demand sequences with capacity requirements, stock levels or lead times, so that highly lucrative schedules can be generated.
The benefits of MIE Trak demand planning software are undeniably valuable to any production process of any kind, as the software makes use of statistical analysis to generate greatly accurate forecasts, not to mention the fact that it factors in customer input, as well as management input over strategic plans. Another considerable advantage is that the demand planning software permits custom views of all the resulted data, according to departments needs, as marketing and sales don't have the same planning requirements, thus necessitate different outlooks of the forecasts. The fact that the MIE Trak demand planning software uses several different forecasting models, such as moving average, seasonal and nonseasonal, further increases the level of accuracy of the generated forecasts, as well as their ability to mold on diverse events and situations. Moreover, the comparison function, allows managers to examine all forecasts and assess which would be the best possible strategy to follow.
The MIE Trak demand planning software is so designed as to be easily integrated with other work systems, such as financial planning or CRM, streamlining your operations across all functions, from sales to manufacturing and engineering to accounting. Basically, the demand planning software turn the process of market demand predicting into a fully automatic one, in order for the supply chain activities to follow a correct forecast, as well as for the inventory levels to be properly optimized.
The MIE Trak Demand Planning Software does so much more than just helps companies and organizations generate and track forecasts quickly and easily, it supports decision making by increasing the level of accuracy and stability, even in dynamic markets. Its great functionality and features include the elimination of obsolete inventories, the reduction of stock outs, the sales increase, the shortening of cycle times, statistical forecasting and the adjustments of forecasts.