Get ahead of the crowd with Premium
Register Forgot password

5 Things to Look for in Your Sales and Operational Planning Software

Moneymagpie Team 27th Apr 2023 No Comments

Reading Time: 4 minutes

If you try running a business at any point during your life, you’ll likely find you must carefully scrutinize your sales and operational planning. You must watch your sales because they indicate your company’s overall health. If you see fewer sales, that could mean people don’t like your products anymore, or maybe you’re dealing with some other factor or factors that are adversely affecting your bottom line.

As for operational planning, you must use the best planning strategies because if you don’t, your business might falter if you ever experience adversity. Your operational planning can help you through difficult times since you can quickly change your strategies and implement other ones that might work better.

You should know that sales and operational planning software exists now that can help you plot out your company’s future while you monitor its present. You will find several options on the market, though. How can you choose the right one?

Different companies will want various sales and operational planning software features. We will talk about a few things you might look for when you’re checking out some software suites that can help you in these areas.

AI Infusion

You should look for sales and operational planning software that uses artificial intelligence. Some kinds don’t use it, but the best ones always do.

AI can help you a great deal in the operational planning and sales areas. It can look at your current sales and the operational plans you have in place, and it can utilize data and analytics. By doing so, it can suggest various strategies that should put your company in a position where you will likely succeed.

You needn’t take every piece of advice the AI offers you, but you might use some and take the others under advisement. You will often find that the AI knows about possible problems before they even occur, and that’s what makes it so invaluable.

Sale-Boosting Abilities

If you’re not getting the sales numbers that you want, the right software suite can help with that. It might look at the numbers you’re getting and suggest ways you can improve.

It might notice that you have more sales coming from one geographic location and less from another. It can determine why that’s happening.

It might also suggest how you can market your products in ways so they’ll get a better reception from your target demographic. It can show you ways you can expand into new markets. You will often find that if you follow the suggestions that the software makes, you will quickly notice more sales and get better market penetration.

It Can Reduce Supply Chain Costs

You may also want a sales and operational planning software suite that can help you reduce your supply chain costs. Maybe it can recommend a different way you can package your products that will save you money. It might also mention some other ways you can ship the products that you didn’t think about before.

If you can reduce your supply chain costs, then you can allocate the cash you save elsewhere. You might put it into a more elaborate marketing plan. You may hire a social media marketing agency with the extra money or use it to create some radio spots and TV commercials.

You might use that money and expand into new markets. You may go national or international. You might put that money into R and D. You can create some new prototype products and start a new division or product line. You can hire additional workers with that money if you need them.

Improved Delivery Rates

You might look into a software suite that can help you with your on-time delivery rates. Maybe you’re losing customers because you can’t deliver your products on time. You might run into logistical problems that you can’t solve on your own.

If you get the right sales and operational planning software suite, you can use its suggestions and get more brick-and-mortar store locations your products on time. If you can do that, the store owners will see that you’re trustworthy. They might increase their orders.

If so, you can increase product output at your factories. You can hire more workers and add new products. You can also attract new clients or customers. If they see you’re reliable, they might buy your products for the first time.

Ease of Use

You should also make sure that you get a sales and operational planning software suite that you can easily use. You should utilize it with no problems as the company’s owner, and you should also ensure that your other critical workers can use it.

That includes your sales managers, your shipping managers, and also your workers lower down on the totem pole. Even if someone within your organization is not very tech-savvy, they should have no trouble figuring out how to use the software suite.

They should learn its features within a day or two. If anyone within your organization struggles, you should figure out whether there’s an easier software suite that you might purchase. Accessibility and UX always matter with software.

You should make sure that you can easily use the software from anywhere in the world. If you are on vacation but you’re curious about what’s happening with your deliveries or something similar04ly important, you should have the ability to quickly pull up the software and see what’s happening.

If you have a laptop, desktop, or tablet, 27, you should use this software with no issues. If you can’t do that, then you should examine other options.

The software’s cost matters. These software suites usually come as SaaS models. That means you’re essentially leasing the software rather than buying it.

That’s probably fine. That means the manufacturer deals with any bugs or upgrades, and you don’t have that responsibility. The right sales and operational software can help you get ahead within your niche.

Disclaimer: MoneyMagpie is not a licensed financial advisor and therefore information found here including opinions, commentary, suggestions or strategies are for informational, entertainment or educational purposes only. This should not be considered as financial advice. Anyone thinking of investing should conduct their own due diligence. 

0 0 votes
Article Rating
Notify of

Inline Feedbacks
View all comments

Jasmine Birtles

Your money-making expert. Financial journalist, TV and radio personality.

Jasmine Birtles

Send this to a friend