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?
losing supply chain visibility
received lately or risk losing sales. When partners prepare for the unknown by holding additional product, buffer inventories grow. Because much of the supply and demand variance is removed with the introduction of accurate order forecasts, the safety stock inventory necessary to hedge against uncertainty is reduced. With the risk of unusually large orders being received without notice removed, buffer inventory can be reduced and profitability increased. Collaboration on order forecasts enables changes