What is Demand Planning?
In essence, demand planning is a balancing act that involves keeping a product’s inventory levels in line with the level of demand for the product. The process, of course, is a lot more complicated. Demand planning means keeping track of many things at once, including historical data, lead times, market trends, and even external factors such as weather and oil prices which can impact the cost of transportation. To do this successfully means having strong planning processes and robust supply chain connections in conjunction with production reliability and real-time tracking of lead times.
For decades, PRIDE Industries has been helping customers by providing demand planning and forecasting for a wide range of products and part substitutions. Partnering with PRIDE Industries means access to solid vendor relationships, flexible production scheduling, and data-driven forecasting. We value all our partnerships and invest in keeping them strong. And while the technology for demand planning has changed over the years, our commitment to successfully getting your product to market has not. Our state-of-the-art demand planning will help you avoid product shortages or inventory overstock, even for products with cyclical demand.
Proud recipient of Global SMT & Packaging Magazine’s 2021 GLOBAL Technology Award in the Contract Services category. This award recognizes PRIDE Industries’ innovation in electronics manufacturing processes, engineering services, and strategic supplier management.
Featured Demand Planning Case Study
Packaging and Fulfillment Services
PRIDE Industries provides complete packaging, warehousing, distribution, and tracking solutions for high-tech, healthcare, government, retail, food and beverage, and hospitality. We offer services for kitting and assembly, primary and secondary packaging, order processing and fulfillment, as well as back-end warehousing. Not only that, our contract packaging and kitting services are backed by award-winning capabilities in technology, quality management, supply chain, tracking, and logistics. We offer complete project support with dedicated account managers who are flexible and responsive to short lead times and the changing needs of your business.
Whatever the project, we can design a turnkey program to fit your specific packaging and distribution needs and get your product to market seamlessly and reliably.
Product Assembly and Kitting Services
Our stringent protocols enable us to assemble even the most sensitive products quickly and without error. And we can kit your goods to stock or on-demand, saving valuable inventory space.
Order Fulfillment and Tracking
We fulfill most orders the day they’re received and make it easy for you to track products through kitting and shipping to end-user delivery.
Product Sourcing and Vendor Management
Tap into our vast network of suppliers to get access to high-quality components at competitive prices.
Warehouse and Logistics
Both individual components and finished products are carefully tracked in our warehouses, ensuring a smooth flow from receiving through manufacturing, assembly, and final delivery.
Pick, Pack, and Ship Services
We can seamlessly prepare and ship to individual customers, retail distribution centers, or directly to big-box stores around the globe.
Quality and Regulatory Management
Our engineers can adjust product prototypes to simplify manufacturing and avoid material bottlenecks. And we test both products and packaging to make sure your products are received in pristine condition.
Customer Service Support
Need to modify your product’s design? Change the contents of a package? Issue a new SKU? Whatever you need, our dedicated customer service representative will make sure it happens quickly and easily.
Inventory Management Systems
Our comprehensive lot and batch tracking avoids product and component shortages and makes return management easy.
