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Demand planning is a supply chain management process that analyzes current and projected demand to create a reliable forecast for your business. On the procurement side, it's a process designed to determine a reduction or elimination for the demand of a service or a good, a requirement to travel, or the availability of contingent resources, for instance. This method consists of these 10 steps: I...mporting of historical data Creating statistical forecasts Importing customer forecasts Collaborating with customers Managing forecasts Building consensus forecasts Supply and demand collaboration Securing constrained forecasts Confirmation with customers Re-examining data and adjusting planning accordingly In addition to these 10 steps, there are three key questions your business will need to answer before setting up your demand planning process: What products are involved? What is the current location of these products? What is the current pattern of their demand? Show more