Collaborative Planning

Collaborative Planning in demand planning involves multiple teams or stakeholders working together to predict customer demand for products or services. By sharing insights, data, and expertise, they create a more accurate and unified forecast. This teamwork helps to align sales, marketing, and supply chain efforts, ensuring that everyone is on the same page and can respond effectively to changes in demand. Ultimately, Collaborative Planning aims to improve inventory management, reduce costs, and enhance customer satisfaction by ensuring that the right products are available at the right time.