Understanding GNFR Demand Planning Impact Upon the Perfect Order & Delivery
Demand planning can be defined as understanding and planning for the resources needed by different companies. Typically, demand planning (or forecasting) refers to projecting customer demand for GFR (goods for resale) products, but in this case, we’re focusing on the demand that companies have for GNFR (goods not for resale).
In this blog, we are zeroing in on a retail enterprise’s projections of the demand they need for certain types of fixtures or other GNFR by understanding how many stores they are looking to open or remodel.
Ultimately, demand planning is planning effectively for the demands of everyone in the supply chain. As such, companies must implement a multi-step process to ensure accuracy.
What Is Involved in Demand Planning for GNFR Projects?
There are a number of steps involved with the GNFR demand planning process:
- Management first announces how many new stores and remodels the organization will have for the given fiscal period. (There are a variety of reasons behind these decisions, and they are discussed in another post.)
- The architects/store designers then decide what, specifically, will go into each store based on store concept’s updated design and size.
- The store opening/remodeling schedule is then finalized.
- The organization’s procurement department then orders all items that are necessary for each store. During the ordering step, the procurement department considers the timing needed to make sure everything arrives just in time.
How Can Companies Improve GNFR Demand Planning for Projects?
Streamlining the demand-planning process involves some planning of its own, and there are several areas to investigate. One of those areas is estimated time frames. For any demand planning, an organization should have a specific grand opening date scheduled in advance. The buildout schedule’s timing can then be determined by going backward from the grand opening date.
Eliminating extraneous processes is another way to improve demand planning. Planning systems should be as simple and relevant as possible, involving the parties in the process that execute these systems. Investing in a planning system specifically for building/remodeling projects can help organizations consolidate all of the necessary information.
There are demand-planning tools available to help streamline these processes that will assist you in anticipating customer (customer refers to final purchaser