Business strategy relies on solid forecasts of likely future supply and demand. Good modeling supports stronger, more confident planning and strategy. In addition to these improvements, good forecasting also enhances your logistics and supply chain in more subtle ways. It adds discipline to your data collection processes, requires you to audit what works and what doesn’t, and encourages stakeholders to re-examine the most critical parts of the supply chain network.
Logistics forecasting isn’t easy, but it is possible through a deep understanding of necessary changes, and the resources and commitment to drive change.
Want to dive deeper into effective, reliable forecasting or need a framework to start forecasting?