An effective demand planning process consists of four key steps: forecasting, collaboration and communication, demand optimization, and monitoring. Forecasting helps to plan for inventory and resources that may be needed in the future, while collaboration and communication ensures stakeholders are on the same page.\\
Demand optimization can help organizations understand customer demands and make informed decisions. Finally, monitoring allows for adjustments to the plan when needed. This comprehensive approach can ensure organizational success.
Demand planning is an essential part of Sales and Operations Planning (S&OP), allowing organizations to anticipate and fulfill customer demand by leveraging comprehensive data to identify key trends. Through careful analysis, it enables businesses to adjust their supply chain management accordingly and make better-informed decisions.