Stock Demand Management – An overview

Inventory planners may require viewing of all unsatisfied demands in the inventory based on the material requests and its priority, and the various sources and transactions through which the material can be acquired to satisfy the demand.

The “Stock Demand Management” business component enables the inventory planner to get the appropriate information pertaining to

•  All unsatisfied demands

• List of warehouses from where the material can be acquired to satisfy the demands

• Quantity of the parts available through various transactions such as “Purchase Order”, “Release Slip”, “Repair Order”, “Component Work Order”, “Stock Transfer”, “Rental Order”, “Loan Order” and “Subcontract Order”.

• Based on the information acquired, the inventory planner can do the following:

• Use the alternate part, in case of non-availability of the requested part, to satisfy the demand.

• Raise a stock transfer order to transfer the material from the warehouse where it is available, to the warehouse on which the demand is raised and no free quantity of the requested part is available.

• Reduce the shipping costs by deciding to transfer all required parts from the warehouse, rather than have the system automatically transfer the material from the first available source.

• Raise a purchase request for acquiring the required stock, if there are no other alternate sources for the stock.

Getting familiar with the activities