To meet the current and anticipated demand, you need to keep the correct inventory levels, which is not easy. If you go the manual way, you expose various processes to human error. An ERP with demand planning helps you minimize excess inventory, meet customer demand and avoid supply chain disruptions.
A system with forecasting and demand planning tools integrates data on historical sales and sales forecasts to help businesses optimize purchase decisions. Capabilities like automated purchase, supply plans, and supply orders streamline the inventory management process.
Since the ERP synchronizes all the purchases, sales, and supply functions, you get precise forecasting. You can improve the overall inventory management, react swiftly to changes and increase customer service levels.