Demand Planning

Demand planning in procurement is a strategic process focused on anticipating and managing the future demand for goods and services within the supply chain. This proactive approach involves analyzing historical data, market trends, and other relevant factors to forecast the quantity and types of products or services that will be required.

Efficient demand planning is essential for procurement teams seeking to optimize inventory levels, reduce excess stock, and ensure a timely and responsive supply chain. By leveraging advanced analytics and data-driven methodologies, organizations can enhance their procurement strategies, minimize costs, and foster a more agile and adaptive supply chain.

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