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Trend Lines vs. Headlines
The standard supply chain planning philosophy is that by
increasing forecast accuracy, you can better manage and
reduce inventory levels. Is this really true?
Does the trending data back up this common assumption?
The general rule of thumb claims 1% of forecast accuracy improvement should reduce inventory by 1%, up to about
an 80% accuracy level before hitting a point of diminishing
return. Over the last decade global companies have focused their efforts on supply chain management best practices. Despite the headlines and success stories, a recent survey revealed that 3 out of the 4 business sectors actually had their days-on-hand inventory increase… Why?
It’s time to get focused in on the trend lines, and understand what’s really fueling the headlines. This Leadership Exchange webinar will provide practical insight and pragmatic tips to connect forecast accuracy with inventory effectively. Join us to gain a better understanding on how to embark on forecast accuracy initiatives that will deliver tangible inventory results.