#BestSalesAndOperationsPlanningSoftware

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S&OP software helps to predict future sales accurately and make sounder decisions. Learn more about the uses of S&OP software.

[avercastllc]

https://community.nasscom.in/communities/application/why-do-you-need-sop-software

Learn about the importance of sales and operations planning software and the benefits of S&OP Software for your business.

[avercastllc]

Role of S&OP Software in Any Business

Let us say you are a confectionary brand.

You recently had a successful holiday season, incurring profit by catering to high demand. Relying on this experience, you increased production for the coming months. You soon notice a downward trend amongst your buyers. Though the demand is less, your inventory is full. Here, you wasted product and money in storing it in inventory.

Let us give you an alternative scenario.

After a successful holiday season, you forecast demand using Sales & Operations Planning software. It gives you an accurate forecast of the coming months. Based on the forecast, you plan production & stock up your inventory with just enough product. This results in you neither having to sustain high costs nor any wastage.

This is just one example, scratching the surface of what S & OP Software can do for your company.

Before we explain its usage for your company, let's give you a brief of what it is?

What is S & OP software?

S & OP Software brings together various departments, enhancing collaborations amongst them. It analyzes past sales, considers current operational practices & trends to forecast sales in the coming time. S & OP software aids decision-making towards enhancing business & adapting to better practices with time.

Why do you need S & OP software?

The best S & OP software forecasts future sales with utmost accuracy to make better decisions. Here are a few uses of S & OP software that can help your business prosper.

Inventory management

A sales forecast helps you manage your inventory better by stocking up with the right amount of products. This way, you can alleviate the risk of stockout & overstock. It saves cost on inventory and avoids wastage of products with a short shelf-life.

Better Reporting

You can compare forecasted budget & sales with the actual sales to determine the accuracy of your predictions to determine the accuracy of your forecasts. You can also keep a close eye on the company operations & identify areas that require improvement.

Sales & Budget Forecasting

It considers your sales history, current trends, seasonality & more to create an accurate sales forecast, estimate revenue in the coming period and help you understand your customers' needs. You can adapt to the changing market & stay a step ahead of your competitors.

Enhanced transparency across departments

S & OP software creates a cohesive environment, promoting communication & transparency between various company departments. Teams can share information seamlessly. This eases conversations, aiding decision-making for the benefit of all.

How can you choose the best S & OP software?

S & OP software can help aid business growth for companies of all sizes. But, before you jump on the first software you can find, here are a few features of S & OP software you must consider.

Multi-user access

Your software should allow different teams within the organization to collaborate & measure the success of these collaborations.

Customizable

Your software must be customizable to your business-specific needs & allow you to make plans as per your priorities.

Easy-to-use

A simple user interface will make it easy for everyone to use the software seamlessly, thus increasing productivity.

Capability for 'What if' analysis

Your software must allow you to undertake a thorough 'what if' analysis to consider various possibilities & make decisions that maximize profit.

Speaking of the ideal S & OP software, Avercast provides you with one of the best S & OP software in the market. It is a complete enterprise resource planning tool. Besides the features above, some more of its features include -

Automating annual business planning

Simplifying sales operations management

Collaboration management

Easing custom reporting with Microsoft SQL

Comparing past, present, future sales performance

Encouraging participation & communication among departments

Effectively comparing plans of different departments

One of the many!

S & OP Software is just one among the plethora of software solutions Avercast provides in its supply chain management software suite. For decades, Avercast has been catering to the needs of companies of all sizes, helping them achieve their goals.

Wish to know more about Avercast or their products?

Get in touch or you can simply book a demo with us.