Name: Demand driven planning
Author: Productoo

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Demand driven planning by Productoo is a solution designed to optimize planning processes and enhance material replenishment in the manufacturing industry. According to the vendor, this software caters to small to large companies, providing them with dynamic material replenishment capabilities. Demand driven planning is said to be widely used by production managers, supply chain managers, operations managers, manufacturing engineers, and professionals in industries such as automotive, electronics, consumer goods, pharmaceuticals, and industrial equipment.

## Key Features

**Dynamic Material Replenishment**: According to the vendor, this feature automatically triggers the replenishment of materials and parts based on consumption, while dynamically adjusting limits according to current customer demand. The aim is to reduce overproduction and optimize inventory levels.

**Customer Order Distribution**: The vendor claims that this feature efficiently checks new customer orders and distributes them to the appropriate production lines, considering required finish dates. Users are said to be notified of current and future material shortages, enabling proactive planning.

**Bill of Material Breakdown**: According to the vendor, this feature breaks down all finished goods according to the bill of material, creating a comprehensive production plan for all workcenters involved in the upstream process. The goal is to ensure smooth and coordinated production operations.

**Material Availability Prediction**: The vendor states that this feature monitors material availability and estimates stock levels over time. By utilizing the "virtual coverage" functionality, the aim is to predict material shortages and facilitate the transition towards just-in-time, lean production.

**Optimal Batch Size Calculation**: According to the vendor, this feature takes into account the current stock availability of parts and considers the required coverage of materials, including safety stock. The aim is to calculate the optimal batch size for the production of materials, promoting efficient resource utilization.

**Real-time Production Monitoring**: The vendor claims that this feature provides real-time visibility into production processes, allowing users to track progress, identify bottlenecks, and make data-driven decisions. The goal is to enhance operational efficiency and enable timely interventions.

**Demand Forecasting**: According to the vendor, this feature utilizes historical data and advanced algorithms to forecast future customer demand. The aim is to help businesses anticipate market trends, optimize production plans, and align inventory levels accordingly.

**Production Scheduling**: The vendor states that this feature generates optimized production schedules based on demand forecasts, resource availability, and production constraints. The aim is to ensure efficient utilization of resources, minimize lead times, and maximize on-time delivery.

**Supplier Collaboration**: According to the vendor, this feature facilitates seamless collaboration with suppliers by sharing real-time demand and inventory information. The goal is to improve supplier responsiveness, reduce lead times, and enhance overall supply chain efficiency.

**Analytics and Reporting**: The vendor claims that this feature provides comprehensive analytics and reporting capabilities, delivering actionable insights into key performance indicators (KPIs), such as inventory turnover, on-time delivery, and production efficiency. The aim is to enable data-driven decision-making and continuous improvement.

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StockIQ is a supply chain planning suite developed for distributors and manufacturers by industry practitioners, with the goal of helping users to improve forecast accuracy, and reduce inventory levels, while providing unmatched service to customers.

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Demand driven planning

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What is Demand driven planning?