Create an insightful consensus demand plan that combines the historical statistical forecast with multiple functional forecast streams, as part of a highly collaborative process within a single planning system.
To generate the statistical forecast, RapidResponse takes a specified historical demand stream as a reference and, using various statistical models, projects a future demand forecast. This then becomes an input to the consensus demand planning process, where other forecast streams contributed by the sales, marketing, and finance teams are evaluated as a group, and combined and adjusted to form the final consensus demand forecast.
While the RapidResponse Demand Planning application aids companies to build a better plan, the challenge in today’s volatile environment is that the forecast will never be completely right. With this in mind, RapidResponse empowers companies with the ability to combine demand planning with a strategic capacity to continuously monitor and adjust the portions of the demand plan that present a variance.
Tailored for Your Business
RapidResponse applications are based on best-practices and standard process flows established by our years of successful deployments at a multitude of world-leading manufacturers. The out-of-the-box Demand Planning application enables quick implementations and also acts as an advanced starting point for a tailored solution that meets your company’s unique needs.
Added Value of Integrated Applications
Among the greatest advantages of any given RapidResponse application is the ability to leverage it in conjunction with other applications as part of a broader, integrated solution. Depending on the need, significant added benefits can be achieved by using the Demand Planning application alongside one or more related applications to ensure synchronization across interrelated planning processes.