The Holy Grail for Supply Chain Planning: An Accurate Forecast
Learn the top five ways to improve your forecast
The demand forecast is one of the key inputs to supply chain planning. Because it drives resource allocation, inventory builds, and purchase commitments for a business. A 1993 study published in the Sloan Management Review (T. Davis) pointed out that the lack of an accurate demand forecast is the leading cause of inventory buildup. The study showed that demand variability accounted for more than 60% of the total variability.
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