Collaborative Demand Forecasting: A Tool for Survival

In a demand-driven environment where the focus is on meeting customer expectations, accurate demand forecasting is only achieved when a collaborative process integrates various forecasting systems. By adding performance analytics to measure the iterative plan and understand trends, along with exception processing to generate alerts, companies can become even smarter about anticipating shifts in demand. The end result of improved forecast accuracy is reduced inventory costs, better customer service and improved cycle time and fill rates.

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