published by Demand Solutions
No one doubts that more accurate forecasts can lead to lower
inventories and improved customer service levels, but it is
surprising how many companies struggle to deliver an effective
forecasting process. Improving forecast accuracy is never easy, but is an essential step to
lowering inventory levels and the associated carrying costs and scrap. Better forecasts also ensure that
the right product is in the right place at the right time, delivering improved customer service levels and
reducing the need for fire-fighting and expediting. In these days of complex and extended supply chains,
increasing forecast accuracy is a competitive necessity to achieve top-line growth as well as bottom-line
This white paper describes a 10-point plan
highlighting some of the most effective ways to increase forecast value by improving forecast accuracy.
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