12 Strategies to Improve Your Forecast Quickly

Date Added: Jan 2009
Format: PDF

Because forecasting is the top box in the supply chain flow chart, an improvement in accuracy touches almost every area of the company and quick progress can be seen in a variety of measurements including order fill rates, expedite reductions, margin improvements, logistics costs, and customer satisfaction. The proposition for improving forecast accuracy nearly always makes sense and if done properly requires substantially less working capital than inventory investment, making a forecast improvement project an easy decision. This white paper examines and recommends 12 techniques for improving forecast accuracy with the goal of significantly reducing inventories, increasing gross margins, and improving order fill rates.