A Supply Chain Planning System is the foundation for all of your procurement processes. It is an integrated set of tools, applications, and technologies that provide you with real-time visibility into buying trends, cost savings opportunities, and more accurate forecasting. With this data, you can make smarter decisions to ensure your supply chain runs smoothly, optimizes customer satisfaction, and meets regulatory compliance requirements. Put simply, it is a comprehensive system for optimizing the flow of goods and services from suppliers to customers.