Demand Planning is an essential aspect of Supply Chain Management( SCM) in securing supply chains. Demand Planning is about the optimal planning, ordering and provisioning of materials, supplies, products and services for production and manufacturing.
Supply chain management begins with demand planning, which is based on sales analysis and demand factors such as promotional activities, special promotions, target group analysis, and other marketing factors. Demand planning includes material requirements planning and production planning, inventory management system, and transportationmanagement system. Many different parts of the company are involved in demand planning. These include marketing and sales, production and manufacturing, logistics and finance.