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 35 years, 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
Supply Chain and Logistics Services
At PRIDE Industries, we help companies increase profits by stabilizing their supply chain. Our facilities minimize your risk of disruption, optimize fulfillment processing, and provide flexible, on-demand inventory schedules.
Based on the West Coast our warehousing and distribution centers provide 24/7 operational services, ensuring your supply chain needs are managed effectively and competitively. Every day we receive, inspect, warehouse, and ship thousands of products all over the world. We provide supply chain services to high-tech companies, medical device manufacturers, food vendors, and consumer goods producers.
For more than 30 years, we have integrated supplier performance management, inventory controls, and tracking to provide innovative, technology-driven supply chain management services to hundreds of global organizations. Whatever your product, at PRIDE Industries we have a supply chain solution that can improve efficiency and lower your costs.
Procurement Management
As experts in strategic sourcing, we can easily transfer to alternate suppliers to simplify logistics and optimize efficiency when product parameters change.
Materials Management
Our experienced engineers can partner with your staff to select and source the optimal materials for your product.
Order Fulfillment Management
A streamlined system of tagging and tracking removes bottlenecks and speeds up product delivery.
Inventory Control
PRIDE Industries uses RF-based barcode scanners to provide real-time tracking of supplies and products, avoiding costly shortages and overstocks.
EDI and Web-Based Interfaces
We use the latest communication technologies to rapidly implement changes in product configuration and shipping parameters.
Program and Account Management
Your dedicated customer service representative will respond quickly to product updates and change requests.
Supply Chain Transformation
PRIDE Industries can help you update your supply chain management to improve efficiency and save money.
Logistics and Reverse Logistics Management
We offer lifecycle management of your products, including product recycling, RMA services, end-of-life support, and reverse logistics services.
