Material Forecasting as a Consumption Based Planning Strategy

Ensuring the Right Inventory at the Right Time

Does your consumption strategy align with your forecast inputs? If the answer isn’t a resounding “yes”, then you are not meeting that all-important balance between demand and supply—and that puts you at a strategic disadvantage. But here’s the good news: SAP Material Forecast Planning (MFP), a method of Consumption Based Planning (CBP) can help you ensure available inventory meets expected demand in a cost-controlled way to meet your inventory optimization goals. And as a bonus, it enables you to exceed customer expectations.

Increasingly in these competitive and uncertain times, inventory optimization has become a strategic and competitive imperative. For inventory planners to succeed in fulfilling organizational customer promises, they must consistently be right on top of making sure the right materials are at the right place at the right time. That means effectively planning what products to produce, by when, and in what quantities to meet current and future demand fluctuations, all at the lowest cost possible.

When that actually occurs, you achieve a number of amazing outcomes. Your inventory and inventory orders become more accurate, you achieve better service levels with less inventory, and you gain measurable increases in efficiency and productivity. This leads to a better organized and exception oriented supply chain, a managed warehouse that offers time and money savings, and ultimately, satisfied customers that keep coming back for more.

The alternative—not committing to inventory optimization—can end up being inefficient and costly. That is why SAP Material Requirements Planning (MRP) is an essential option to help both inventory planners and the organization at large to maintain optimal inventory levels and align production to drive agility and resilience in supply.

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Discover where and when to connect with Reveal at upcoming webinars and industry events.

Business Guide to S/4 vs. ECC's New Planning Features & Functions

February 15, 2023
11:00 am
CST
With
Kristie
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Martin
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Business Guide to S/4 vs. ECC's Production Finite Scheduling

April 12, 2023
11:00 am
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With
Eacliffe
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David
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Business Guide to S/4 vs. ECC's Extended Warehouse Management

June 21, 2023
11:00 am
CST
With
Steve
and
Jason
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Business Guide to S/4 vs. ECC's Sales Order Monitoring & ATP

August 16, 2023
11:00 am
CST
With
Marcie
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Business Guide to S4 vs. ECC's Purchasing Spend Analysis

October 18, 2023
11:00 am
CST
With
Wayne
and
Peyton
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SAPinsider Vegas 2023

Mar 20, 2023
Mar 23, 2023
Bellagio Hotel, Vegas, NV
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MasterClass SAP Supply Chain Bootcamp

Apr 19, 2023
Apr 21, 2023
Virtual
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Gartner Supply Chain Symposium Xpo 2023

May 8, 2023
May 10, 2023
Orlando, FL
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MasterClass SAP Supply Chain Bootcamp

Jul 19, 2023
Jul 20, 2023
Virtual
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