What is meant by Planned prices, planned quantities?
Planned prices and planned quantities refer to the anticipated costs and quantities of goods or services that a company plans for future periods. Planned prices are the estimated prices considered for purchasing or producing goods or services. Planned quantities refer to the forecasted amounts of these goods or services needed within a specific period. These plans are used to optimally manage and allocate the company’s financial and logistical resources.
Typical Software Functions in the Area of "Planned Prices, Planned Quantities":
- Price Planning: Setting and adjusting planned prices for goods and services based on market analyses, historical data, and cost estimates.
- Quantity Planning: Forecasting and planning the required quantities of goods or services based on sales forecasts, production plans, and seasonal fluctuations.
- Cost Analysis: Monitoring and analyzing discrepancies between planned and actual prices to identify cost deviations and optimization opportunities.
- Budgeting: Integrating planned prices and quantities into the budgeting process for financial planning and control.
- Reporting: Generating reports and dashboards that provide an overview of planned prices and quantities and their deviations from actual values.
- Plan Adjustment: Capability to adjust planned prices and quantities based on current market conditions, changes in requirements, or new data.