Supply Chain Forecasting Software – Top 10 

Supply chain forecasting software helps businesses and companies to predict the future demand for the product. They could plan and manage production and maintain inventory to meet the demands. It makes sure that the company has a proper stock of inventory when needed. Today, we’ll discuss the top 10 supply chain forecasting software.

Some of the main traits of supply chain forecasting software are as follows;

• Converting raw data into practical forecasts
• Gathering insight from inventory trackers and other metrics
• Delivering reliable predictions
• Employing a predictive analysis tool
• Facilitating and supporting automated forecasting processes

Supply Chain Forecasting Software – Top 10 

Let’s discuss the top 10 supply chain forecasting software, and they’re as follows;

Alloy.ai

Alloy.ai is an inventory control, SC forecasting, and demand planning tool that helps businesses and companies to resolve SC challenges, save time, and sell more products. Many Fortune 500 companies employ this software like Melissa & Doug, Basch, Valvoline, Bic, and Ferrero. However, some of the key features and benefits of Alloy.ai are as follows;

• 35% decrease in out-of-stock inventory
• 5%+ bottom line impact
• Warns you what sales and SC issues would cause trouble
• Immediate response
• Cloud platform recognizes key opportunities and problems
• Making inventory and demand visible across the network
• Integrating inventory data and SKU-level POS with SC data

Logility Solution

Logility Solution is a complete digital SC tool that performs all the functions from the product concept to delivering the final product to the customers. It allows companies to recognize opportunities and respond to changing market conditions in order to increase the company’s profitability. However, some of the key features and functions of Logility Solution are as follows;

• Dividing business processes and improving transparency
• Increasing operational performance
• High precision
• Accelerating cycle time
• Automated planning
• Assortment & allocation
• Retail merchandise planning
• Manufacturing scheduling and planning
• Supply and inventory optimization
• Product lifecycle management
• Quality and compliance management
• Global sourcing

Blue Yonder Demand Planning

Blue Yonder Demand Planning is a forecasting tool that employs machine learning and analytical tools to offer unique demand projections with limited business risk impact. Some of the key features of Blue Yonder Demand Planning software are as follows;

• A better comprehension of customer behavior and demand drivers
• Inventory management
• High planner productivity

StockIQ

StockIQ is an intelligent SC forecasting tool that is for manufacturing and distribution companies. Its inventory reporting tool amplifies the S&OP (sales and operation planning processes); makes sure of collaboration and coordination among partners, the finance team, SC, marketing, and sales departments. However, some of the key features and functions of StockIQ are as follows;

• Capacity planning
• Inventory management
• Monitoring, evaluation, and promotion planning
• Supplier planning
• Replenishment planning
• Demand management

Slim4

Slim4 is an award-winning SC forecasting tool that offers inventory optimization and supply planning, portfolio management, and demand planning. It helps SC decision-makers by giving them visibility and insight into the SC processes. However, it allows manufacturers, wholesalers, and retailers to achieve operational efficiency. Some of the key features and functions of Slim4 are as follows;

• Unlocking performance improvement
• Cutting operational cost
• Improving services

Solvoyo

Solvoyo is a cloud-based SaaS analytical and SC planning platform and forecasting tool. It focuses on improving efficiency and E2E decision-making capabilities. However, its cloud-based SaaS platform employs advanced AI (artificial intelligence) and analytical tools to optimize and automate the SC planning system. Some of the key features and functions of Solvoyo are as follows;

• Transportation plans
• Order fulfillment
• Replenishes network
• Plans production
• Optimizing inventory
• Forecasting demand
• Short implementation cycle
• Analytical capabilities
• Scalability

GMDH Streamline

GMDH Streamline is the world’s leading SC planning and forecasting tool with dynamic simulation capabilities. It is a great tool for small and medium-sized businesses and companies that want to optimize their inventory management system; supplier management, seasonality, multi-location planning, replenishment execution, and automated demand forecasting. However, some of the key features and functions of GMDH Streamline software are as follows;

• Decreasing operational cash
• Supply panning
• Decreasing stockouts and overstocking
• Responding to supplier unpredictability and historical data disruptions
• MRP
• Production planning
• Inventory planning

NetStock

Netstock is a supply chain planning and forecasting tool that has earned the trust and confidence of customers across the world. It is an affordable SC planning tool for small and medium-sized businesses and companies. However, it employs advanced analytical tools to quickly respond to the change in supply and demand. Some of the key features of Netstock are as follows;

• Decreasing high inventory
• Quickly placing orders
• Reducing stockouts
• Improved export functionality

Blue Ridge Global

Blue Ridge Global is an SC forecasting, inventory optimization, replenishment, and demand planning tool. It employs an AI-powered SCP engine and data to help businesses and companies leave ERP modules and spreadsheets. However, some of the main features of Blue Ridge Global are as follows;

• Delivers proven results
• Strategic lifelong programs
• User-friendly solution

IBM Planning Analytics

IBM Planning Analytics is an integrated performance management tool with a native excel user interface. It allows its users to make quick, accurate, and efficient decisions in a rapidly changing environment. However, some of the key features of IBM planning analytics are as follows;

• Accurate and Timely forecasting
• User-friendly for non-tech personals
• Built-in data analytics capabilities
• Multidimensional planning and analysis
• Amplifies your business relevant to the future
• Better scale for growing businesses

Conclusion: Supply Chain Forecasting Software – Top 10 

After an in-depth study of the top 10 supply chain forecasting software; we have realized SC forecasting and demand planning tools are highly significant for inventory management. If you are learning about the type of supply chain forecasting software to use for your business, then you should keep in mind the abovementioned software and tools.