sofco Demand

sofco Demand is a demand planning software designed to optimize performance across the value chain. According to the vendor, it is tailored for small to large-sized companies, making it suitable for supply chain managers, demand planners, operations managers, sales and marketing managers, and retailers. This software provides features and functionalities to forecast demand, collaborate on planning tasks, and manage inventory replenishment, among other functions.

Key Features

Demand Planning: According to the vendor, users can create a demand plan to improve performance across the value chain. The software aims to optimize demand planning, reduce costs, and increase revenue and profit. It also claims to improve customer service levels by accurately forecasting demand and utilizing market intelligence.

Collaborative Demand Planning: The vendor states that this software simplifies complex planning tasks through collaboration. Users can collaborate with team members and stakeholders to improve demand planning accuracy. They can also compare forecasts and scenarios to make informed planning decisions.

Statistical Forecasting: According to the vendor, this software uses statistical models to generate accurate demand forecasts. It leverages historical data and trends to predict future demand and aims to improve forecast accuracy by incorporating statistical algorithms.

Scenario Planning: The vendor claims that users can evaluate the impact of different scenarios on demand planning. They can analyze various variables and assumptions to understand potential outcomes and make informed decisions based on scenario analysis.

Promotion Planning: Users can plan and forecast demand for promotional activities, aiming to optimize promotional strategies, maximize sales, and minimize costs. They can also evaluate the effectiveness of promotions and adjust plans accordingly, according to the vendor.

Replenishment Planning: The vendor states that users can plan and manage inventory replenishment to meet demand. They can optimize inventory levels to minimize stock-outs and excess inventory, aiming to improve supply chain efficiency through effective replenishment planning.

Sales Budgeting: According to the vendor, users can create accurate sales budgets based on demand forecasts. They can align sales targets with demand planning goals and monitor and track sales performance against budgeted targets.

Scheduling: Users can create production and delivery schedules based on demand forecasts, aiming to optimize resource allocation and minimize production lead times. The software claims to improve on-time delivery and customer satisfaction.

Trade Promotions Management: The vendor claims that users can plan and manage trade promotions to drive sales and increase market share. They can track and analyze the effectiveness of trade promotions and optimize trade promotion strategies to maximize ROI.

Forecast Fast: According to the vendor, this software can generate demand forecasts quickly and efficiently. It aims to reduce time and effort spent on manual forecasting processes and improve forecast accuracy with automated forecasting algorithms.