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Demand Class

Demand Class

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Published by: sajeedmujawar on Apr 09, 2011
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Use Demand Class in Forecasting Accurate demand forecasting is vital for holding optimal inventory.

The better you forecast your demand, the less residual inventory you will hold. Forecasting your demands is the key to plan your capacity, inventory & pricing. No forecast ing method is 100% correct. Multiple forecast methods are used - based on judgem ent & based on data. I don't intend to write a long one on forecasting in this n ote; rather focus on "demand class" concept used in forecasting in Oracle Planni ng suite. Business might have requirements to forecast its demand in multiple dimensions t o help analyze the trend in actual sales order demands that consume the forecast s. As business, you would want to forecast your demand for certain regions and a nalyze how your actual sales demands were. While analyzing the regional forecast s consumption, you also might want to forecast on the customer segment you recei ve orders from - like automotive, energy, pharma or FMCG based on your product. Attach the demand class to the forecasts you define and mark the sales order dem ands with relevant demand class. In the above example, you can opt to attach a " region" demand class to order types defined for each region. You can use the dem and class ATP functionality to check the availability for certain demand class. Demand class can be optionally attached to your Inventory organization definitio n. If demand class is not attached to the forecast, Planning engine takes the de mand class from the organization to which the demand belongs. Remember the thumb rule, consumption takes place only if the demand class of the sales order and forecast match. Questions? Drop me a note on applearn@gmail.com

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