WareMatch Glossary
Demand Planning
Forecasting future customer demand to optimize inventory and production.
D
Updated 2025-10-01
Definition
Demand planning uses historical data, market trends, and predictive analytics to ensure the right products are available at the right time.
Overview
Overview
Accurate demand planning reduces stockouts, minimizes excess inventory, and improves customer satisfaction.
Steps
- Collect historical sales data
- Analyze market trends
- Forecast future demand
- Align inventory and production
Example
A consumer electronics company uses demand planning to ensure sufficient stock of popular smartphones during the holiday season.
Tags
#Demand Planning#Forecasting#Inventory Management#Supply Chain
Related Terms
Demand Surges
Flow Forecasting
Inventory Turnover
