Supply Planning

SUPPLY PLANNING

Solution summary:

Supply planning is the component of supply chain management involved with determining how best to fulfill the requirements created from the Demand Plan. The objective is to balance supply and demand in a manner that achieves the financial and service objectives of the enterprise. A supply plan is another component of the Sales and Operations Planning (S&OP) process and falls under the right side of the demand and supply planning structure.

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Supply Planning

Streamlining your supply chain from start to finish

Enhance Your Decision Making with Supply Planning Solutions

Balance supply and demand in a manner that achieves the financial and service objectives of your enterprise.

Why choose NexInfo for supply planning?

  • Improve inventory management with supply planning solutions that automatically optimizes inventory levels
  • Boost efficiency by automating the supply planning process from intake to delivery
  • Increase visibility with real-time tracking of supply planning KPIs to identify and resolve bottlenecks
  • Gain flexibility with supply planning solutions that quickly adjusts to changing market conditions
  • Achieve customer satisfaction by ensuring products are in stock and ready for delivery when customers want them

Supply planning solutions can help businesses optimize their supply chain operations, reducing inefficient inventory management and a lack of real-time visibility into the supply chain.

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Track Key Supply Planning Metrics with Our Supply Planning Solutions

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Forecast Accuracy

By analyzing historical sales data and other factors, supply planning solutions can help you track forecast accuracy

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Inventory Turnover

Measure how quickly you are able to sell your inventory and can help you identify slow-moving or excess stock

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Stockout Rates

Track how often you run out of stock and identify potential supply chain issues or opportunities for improvement

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On-Time Delivery Rates

Keep tabs on the frequency that products are delivered to customers on or before the promised delivery date

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Lead Times

Track the time it takes for products to move through the supply chain, from raw materials to finished goods.

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Fill Rates

Measure how many customer orders you are able to fulfill in full and on time

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Order Cycle Times

Measure the time it takes to process and fulfill customer orders

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Capacity Utilization

Analyze how effectively you are using your production capacity to meet demand

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Cost of Goods Sold

Track the cost of producing and delivering your products and can help you identify opportunities to reduce costs and improve profitability

Clients That Choose NexInfo for Supply Planning Solutions

Our Supply Planning Solutions Are Backed by Numbers

6

Week maximum duration to deploy most projects

300+

Consultants on staff to ensure you get service right away

Top 100

Oracle Partners according to CIO Review

Why You Need Solutions for Supply Planning in Supply Chain Management

Supply Planning in Supply Chain Management

Forecast Accuracy

Supply planning solutions conducts demand forecasting using advanced analytics and machine learning algorithms. This process involves analyzing historical sales data, market trends, and other relevant data points to create accurate demand forecasts for specific products or product lines.

The solutions can also take into account external factors such as seasonality, promotional activities, and competitor behavior, which can impact demand levels.

By using supply planning solutions for demand forecasting, businesses can optimize inventory levels, production planning, and other supply chain processes, reducing costs and improving customer satisfaction.

Inventory Optimization

Supply planning solutions optimizes inventory by analyzing demand forecasts, production capacity, and other relevant data points to determine optimal inventory levels for specific products or product lines.

By using advanced analytics and machine learning algorithms, supply planning solutions can identify trends and patterns in demand and production data, allowing businesses to optimize their inventory levels and reduce excess inventory.

By using supply planning solutions for inventory optimization, businesses can improve order fill rates while reducing stockout, leading to improved profitability and customer satisfaction.

Supply Planning Solutions

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Supply Planning

Production Planning

Use our supply planning solutions to analyze demand forecasts, inventory levels, and production capacity to determine the optimal production schedule for specific products or product lines.

By using advanced analytics and machine learning algorithms, supply planning solutions can identify bottlenecks and inefficiencies in the production process, allowing businesses to optimize their production schedules and reduce lead times.

By using supply planning solutions for production planning, businesses can improve on-time delivery rates, reduce lead times, and optimize resource utilization, leading to improved profitability and customer satisfaction.

Order Management

Automate key processes such as order processing, order tracking, and delivery scheduling. Integrate with various systems, such as customer relationship management (CRM) and enterprise resource planning (ERP), to provide real-time visibility into customer orders and inventory levels.

By using supply planning solutions for order management, businesses can improve order cycle times, reduce errors, and enhance customer satisfaction. 

Supply planning solutions can also provide businesses with insights into their order data, such as order frequency and order value, enabling businesses to make data-driven decisions and optimize their sales and marketing strategies.

Supply Planning Metrics

FAQs

Supply planning solutions enables businesses to take a data-driven approach to supply chain management, helping them to anticipate and respond to changes in demand and supply, minimize waste and excess inventory, and optimize production capacity.

Businesses can program in their supply planning best practices to optimize their inventory levels, reduce lead times, and improve on-time delivery rates, which can result in cost savings, improved customer satisfaction, and increased revenue.

Some of the key features of supply planning solutions include:

  • Demand forecasting
  • Inventory optimization
  • Production planning
  • Order management
  • Reporting and analytics
  • Collaboration and communication

By using supply planning solutions, businesses can gain real-time visibility into their supply chain processes, reduce costs, improve customer satisfaction, and gain a competitive advantage.

While larger companies may have more complex supply chain operations and higher volumes of data to manage, supply planning solutions can also benefit smaller businesses by streamlining their supply chain processes, reducing inventory costs, and improving customer satisfaction.

Ultimately, the decision to implement supply planning solutions will depend on a business’s specific needs and requirements. We will work with you to determine a supply planning solution that works for you.

Yes, supply planning solutions can integrate with other systems such as CRM and ERP. Integration with these systems can provide a more comprehensive view of the business, allowing for better decision-making and improved operational efficiency.

Most supply planning solutions providers offer integration capabilities, either through API (Application Programming Interface) or pre-built connectors, to enable seamless integration with other systems.

The cost of supply planning solutions can vary depending on factors such as the provider, the specific features, and the level of customization required. Some providers offer pricing plans based on the number of users, while others offer a subscription-based model or charge per transaction.

NexInfo specializes in a variety of supply planning solutions each suited to unique business needs. We can work with you to ensure that your solution will maximize your ROI.

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