THE IMPACT OF IMPROVED DEMAND & INVENTORY PLANNING
The modern marketplace is volatile and always changing. SKU proliferation is on the rise, supply chains have gotten longer, lead times less predictable, and demand patterns more intermittent and less forecastable. Yet most organizations have continued to rely on spreadsheets or ERP provided solutions that fall well short of meeting the business needs of the modern supply chain.
Data is often siloed limiting visibility across the organization, formal approaches for forecasting and establishing inventory policy rely primarily on rule of thumb logic or are non-existent. The end result is too much inventory, unhappy customers, and a company unable to respond to uncertainty. Investments aimed at improving demand forecast accuracy, demand planning processes, and optimizing inventory will yield significant economic benefits.
HERE ARE JUST A FEW EXAMPLES OF THE BENEFITS AND ECONOMIC IMPACT