When raw materials providers, manufacturers, and retailers work together to calculate future order needs, they can all act on the best information available. Successful order forecast collaboration requires all members to share risks if forecasts vary, and to discuss issues as they arise. Accurate order forecasts drive sales increases, inventory decreases, and better decisions. With so many benefits across the entire demand chain, shouldn’t you look into order forecast collaboration with your partners?
about forecast accuracy
collaboration with your partners? About the Author John Schwechel is the Replenishment Practice Lead and Senior Project Manager with Retail Process Engineering, LLC. His background at Target Stores, Andersen Consulting, E3 Corporation, JDA Software and Retail Process Engineering (RPE) gives him unique insight into retail change initiatives and their success factors. Visit www.rpesolutions.com to learn more. Searches related to Order Forecast Collaboration: Benefits for the Entire Demand Chain : Forecast