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Demand Planning Software Market: Overview

A demand planning software is a computer based program which helps in driving the demand planning process by integrating historical sales data, relevant business information, and statistical analysis to create long range estimations of anticipated demand. User inputs like impact of marketing promotions, new product developments, its launches and discontinuations, rebates and market intelligence, and pricing discounts are also considered by the software to create detailed version of demand plan. Some of key benefits include increased speed, enhanced accuracy, higher efficiency, cost savings and flexibility and scalability. The growth demand planning software among enterprises is very fast owing to higher data processing speed of software and capability to handle multiple users. Earlier Microsoft excel was being used for demand planning, budgeting and accounting owing to its user friendly tools.

However Microsoft excel is not being designed for multiuser collaborative work and prone to consistency. Thus, various large and small & medium enterprises (SMEs) are shifting towards demand planning software solution for efficient demand planning. As accurate forecast tends to be critical measure of supply chain optimization, demand planning enables the creation of reliable sales forecast. Major systems involved in the demand planning include understanding vital forecast principles; add systems for planning and forecasting, recognize  key  aspects  impacting  the  demand level, classify and understand customer segments, select suitable forecasting methods, build a system for measuring performance and error rate of forecasts. Better forecasting eventually helps in improvement of enterprise agility by maximizing the planning cycle for the given process and organization.

Demand Planning Software Market: Drivers and Restraints

The main drivers helping in the growth of the demand planning software market include ever changing customer demands, preferences and expectations. This has led to the huge shift from the traditional demand planning systems towards the demand planning software solutions. These solutions help in effectively forecast customer demand. This helps enterprises especially retailers to plan better for future inventory and production. The demand planning software systems help in improving sales collaboration, budgetary planning and forecasting. It helps in improved in stock availability of all season ready stock, better vision of variation in demand helps in framing effective marketing strategies, lesser wastage of stock, cohesive and seamless relationship between all tiers of supply chain, improved productivity of planners across all tiers of supply chain.

Demand Planning Software Market: Segmentation

The global demand planning software market can be categorized on the basis of type, deployment type, organization size, end use industry, and region. In terms of type, the demand planning software market can be classified into solution and services. The services segment can further be classified into professional services and managed services. In terms of deployment type, the demand planning software market can be classified into on premise, cloud based and hybrid. The organization size segment can again be categorized into large enterprises and small and medium enterprises. The end use industry segment is categorized into telecom and IT, healthcare, retail, automotive, industrial, food and beverages, manufacturing and others. On the basis of geography, the demand planning software market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.

Demand Planning Software Market: Key Players

The major players in the global demand planning software market are Blue Ridge Solutions Inc., John Galt Solutions, Inc., and Huawei Technologies Co., Ltd., Aspire Systems, RELEX Solutions, Demand Works, Logility, Inc., JDA Software Group, Inc., o9 Solutions, JustEnough Software Corporation, Inc., INFOR GmbH, SAP SE, Intuendi srl, Oracle Corporation, Manhattan Associates, GT Nexus and Sage Group plc among others. These companies are investing considerably in Research and Development so as to incorporate new technologies in their systems and develop new products to increase market share in the global demand planning software market.

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Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

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  • Insights and Tools based on data-driven research
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  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

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Demand Planning Software Market

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