What role does "Demand Planning" play in Infor M3?

Demand Planning is a crucial function in Infor M3 as it focuses on accurately forecasting customer demand to ensure that the right amount of inventory is available at the right time. This forecasting helps organizations maintain optimal inventory levels, which is essential to avoid stockouts or excess inventory. By enabling businesses to analyze historical data, market trends, and seasonality, Demand Planning provides the insights necessary for making informed decisions regarding inventory management.

Having accurate demand forecasts allows companies to align their production and procurement strategies with customer needs, thereby improving service levels and reducing waste associated with overstocking or understocking. This capability is fundamental to effective supply chain management, helping organizations operate more efficiently and respond more swiftly to market changes.