Demand Management

Demand Management

1. DESIGN AND INTERPRETATION OF FORECASTS

   • LOGISTICS DEMAND FORECAST
     • MEANS DOING A PRIOR STUDY, ESPECIALLY IN THE STOCK AND SALES SECTOR, TO ANTICIPATE WHAT WILL BE NEEDED IN THE SUPPLY CHAIN.
       • -INCREASE CUSTOMER SATISFACTION. -REDUCE POTENTIAL BOTTLENECKS. -OPTIMIZE OPERATIONS. -REDUCE COSTS AND WASTE
   • DEMAND FORECAST
     • It is known as the estimation of those products that we are going to sell in a determined period of time, where it is forecast based on the information provided by the sales history
   • DEMAND DELIVERY
     • Demand forecasting estimates future demand for products and services, helping you make informed business decisions.
   • Release Management
     • This tool helps services to improve and get the best out of the proposed versions of a service.
   • FORECASTING SYSTEMS
     • Estimates future demand for products and services, helping you make informed business decisions. Demand forecasting includes detailed data, historical sales data, questionnaires and more

2. DEMAND PLANNING

   • Depend demand includes the materials or intermediate products we need to produce the amounts of final product being demanded.
   • Independent demand: Products or goods that do not depend on another good to be sold (they are not sub-parts or sub-assemblies) have independent demand.
   • MRP is a material requirements planning software to manage a company's operations in terms of production activities, warehouse distribution and delivery of orders at the right time and place to meet customer demand.
   • Backorder are orders that are placed and processed even though the products ordered are not in stock in the warehouse but knowing that our supplier will be able to respond quickly enough to get the product to the customer on time .
   • Safety stock consist of cycle stocks, or the inventory that is expected to be sold within a given period, and safety stock.
   • Lead time refers to the time that elapses from when a purchase order is generated from a supplier until the merchandise from that supplier is delivered to the customer ( it can be an individual or company store).
   • BOM also know as a product structure, is a list of all the items needed to build, manufacture, or repair a product or service.

3. DEMAND FORECAST

   • Qualitative Forecasts Qualitative methods are based on subjective feedback, assumptions and opinions of experts and personalities in the industry in question. Quantitative Forecasts . These models assume that historical data are relevant in the future.
     • The Delphi method is a structured communication technique in which several people considered experts converge to obtain qualitative and precise information on the future of a topic or a common problem.
     • The simple moving forecast method is used when more recent data sets are to be given more weight in obtaining the forecast.
     • EXPONENTIAL SMOOTHING This method estimates that demand will be equal to the average of historical consumption in each period, giving greater weight or weighting to the values that are closest in time.
     • LINEAR REGRESSION It is a quantitative approach method that allows us to forecast demand.
     • Demand forecasting using specialized software is used when more recent data sets are to be given more weight in obtaining the forecast.
     • LINEAR REGRESSION It is a quantitative approach method that allows us to forecast demand.
       • Multiple correlation analyzes the relationship between a series of predictor variables and a criterion variable. Multiple linear regression.
       • Demand forecasting using specialized software A demand forecasting software is intended to assist the company in managing resources to achieve the highest possible accuracy in order to optimize resource planning and thus minimize costs.
       • Exponential regression is a method that allows finding the equation of the exponential function that best fits a group of data and thus being able to estimate future values of its Dependent variable (Y).
         • Exponential vization: It is the most used forecasting method due to its simplicity, both by small and large companies.