Best Practices for Demand Forecasting and Inventory Planning - A Practical Demonstration

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In this webinar, we discussed how to improve forecasting and planning in your company.
We showed and performed loading data into Streamline (our flagship Demand Forecasting and Inventory Planning solution), creating a statistical forecast in multiple types of categories and two distinct hierarchies, using this “baseline” view with other stakeholders’ opinions (e.g., sales, marketing, supply, management, etc.), approving the results, revenue forecasting, generating and exporting reports, and inventory planning. Watch the video to learn the demand forecasting and inventory planning methods for demand forecasting and inventory optimization.
0.10 Agenda
0.21 Challenges
0.56 About Us
1.57 Benefits and Features
2.46 Advantages of Streamline
5.00 Spreadsheet Information
7.12 Forecasting
7.36 Historical Data
9.31 Annotation
10.08 Lost Sales
12.36 Grouping Products
13.59 Approval
15.42 Import Inventory Parameters
20.52 Alerts
21.38 Forecast Revenue
Benefits:
- 50-90% time savings on forecasting, planning and placing orders
- 15-50% reduction in excess inventory
- 50-99% less stock-outs
- 10-20X ROI in the first year (the highest in the industry)
- Used by retailers, wholesalers, distributors, manufacturers and e-commerce worldwide
The Leading Supply Chain Planning Platform
Join 1200+ businesses that use Streamline to forecast, plan, and order-and grow efficiently.
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[@okan702]

30k views and no comments... I found this video very helpful... This is the software I need for my demand forecasting.
How many rows the excel sheet had? It runs the forecast in 1 sec, what would be the execution time for 1 million rows and around 20 columns of data?
Do you have any demo licenses for companies? Thank you

[@GMDHStreamline]

Hi Okan! Thanks for your comment! To run the forecast for an excel file with 1 million rows will take a few seconds as well. We definitely provide a license for companies. Please, book a demo to get it and discuss your needs here: gmdhsoftware.com/free-demo

[@auaman01]

Wonderful and very effective demand planning a inventory management tool

[@GMDHStreamline]

Thanks for your recommendation! We are happy our customers are highly rating the GMDH Software.

[@ntcuong01ct1]

Dear Friends, I understand that demand plan is the supply chain department's forecast based on sales history and market sensitivity, and it is used to counter the sale forecast from sales department, right ?.

[@adityav4939]

Demand plan has a historical forecast, takes into account impact of relevant relational factors from the market, socio-economic environment etc., adds any special events planned by marketing & sales, to estimate the customer demand for product categories & associated products.
So it has a collaboration of Supply Chain & Sales team. No need to counter and create separate plans. Further Supply Chain team adds supply constraints i.e ability of supply to meet demand(like production capacity etc.) to the above demand plan(which till earlier stage is known as 'unconstrained' demand plan) to create a constrained demand plan thus enabling Sales team/Order management team to commit & confirm schedule & quantity for all incoming orders.