In the world of procurement, demand and supply planning processes are essential tools that can help you stay on top of market trends and anticipate upcoming resource needs. It is a methodology used to manage and optimize the flow of materials and services between suppliers and customers, with an eye towards maximizing efficiency and profitability. The goal is to create an effective strategy for forecasting customer demand, procuring resources, creating and managing inventories, and scheduling production. With careful management and analysis, these processes can help ensure that your organization is always two steps ahead of the competition.