Final answer:
The software that helps execute steps such as demand planning, acquiring inventory, manufacturing, distribution, and sales is known as supply chain management (SCM) software.
Step-by-step explanation:
The software that helps execute steps such as demand planning, acquiring inventory, manufacturing, distribution, and sales is known as supply chain management (SCM) software. It is specifically designed to streamline and optimize the entire supply chain process to ensure efficiency and effectiveness.
SCM software enables businesses to track and manage inventory, forecast demand, automate procurement processes, monitor production, coordinate logistics, and analyze sales data. It provides real-time visibility into the supply chain, helping organizations make informed decisions and meet customer demands efficiently.
For example, a company using SCM software can generate accurate demand forecasts based on historical sales data, purchase materials from the right suppliers at the right time, monitor production progress, manage warehouse operations, and coordinate the delivery of products to customers.