4 Main Demand Planning Challenges Solved by Sage Intacct
Demand planning and management involves reduced inventory. As well as, enhanced customer satisfaction. This requires an effective demand process. To develop inventory forecasts, service production, inventory planning are all part of the process.
This is important in wholesale distribution because it helps the distributor report demand and know customer demands.
This helps the business improve inventory and planning, boost customer service. Also, optimize trade and promotion. Many wholesale distributors use manual processes, there are several challenges, like:
Monitor stock levels accurately:
Traditional methods of stock management is inaccurate. Demand planning is difficult when data is not up-to-date.
Historic sales data availability:
Demand planning is based on historical sales data. Manual processes lead to inaccurate demands, resulting in stock outages or missed deadlines.
Calculate supplier lead times correctly:
Consider the lead time for order fulfillment when ordering new inventory. Without accuracy in the calculations, orders can be delayed and you will lose sales.
Introducing new products:
When there are new products, there is no recent sales data for them. But that is far from accurate most of the time, and bad data makes demand planning difficult.
All these challenges can be met with the help of the right tools and technology. It can remove manual processes and use automation, to boost efficiency and productivity. Sage Intacct cloud solutions eliminate old processes and use automation.
Reports show results in higher sales and service levels, lower inventory and distribution costs, and a higher number of happy customers.
In addition, small to mid-sized distributors should make use of Sage Intacct solutions. In conclusion, no matter what kind of distributor you are, Sage Intacct has custom solutions just for you.