Some might label an ‘accurate forecast’ as an oxymoron. Regardless of the validity of the joke, demand planning revolves around a company’s ability to (as accurately as possible) predict demand and then plan around it. Thankfully, demand is not entirely random. While there is noise in most demand data, oftentimes there are also underlying trends […]
Demand planning can be a challenging process for companies with complex product hierarchies that have numerous product groups, product families, and stock keeping units. To further complicate the issue, demand planning often involves forecasting for different customer channels and individual customers within those channels. Clearly, companies need a way to navigate through these complexities when […]
Demand Planning Bill of Materials puts the dependent forecast into the demand planners’ hands, giving them greater visibility into their forecasts.
Here’s a breakdown of where demand plannning fits in most organizations and how it can deliver incremental value to your supply chain by reducing costs and delighting customers.
Whatever your political leanings, it’s safe to say we can all agree on one thing; the current climate is nothing if not unpredictable. This unpredictability puts stress on today’s supply chains like never before. Global supply chains are commonplace today, with components procured from suppliers all over the globe, and customers in every continent (prob […]