5 Steps to a Global Collaborative Demand Planning Process
Every business can benefit from having a proper demand plan. A pivotal part in this process is collaboration.
Every business can benefit from having a proper demand plan. A pivotal part in this process is collaboration.
Businesses spend a lot of time and money in improving their demand planning. However, the ROI is not always forthcoming. How much is a 1% improvement in forecast accuracy worth to the business?
Senior leadership engagement, business process analysis, and proper communication ensure a successful supply chain transformation.
A successful demand planning process accurately forecasts demand and revenue streams, and subsequently drives the next steps in the S&OP process which are Inventory, Supply Planning, and Optimization. Therefore, it is a crucial step in an organization's S&OP process.