Adroit’s Demand Planning and Forecasting
Today’s business environment demands rapid fulfillment of customer orders while post-pandemic global supply chain issues have increased lead times for critical raw materials. The use of Demand Forecasting is more important than ever to enable your businesses to anticipate what your customer demand will look like in the future to enable you to properly plan your material purchases, capacity, and production orders. A faulty demand planning and forecasting process can result in too much or too little inventory and adversely affect your business.
If you’re new to demand forecasting and keen to make it a fixture of your business, our guide can help. Here, we’ll be covering what demand forecasting is, why it’s important, and how to implement it alongside your ongoing supply chain management strategy.