Inquiry Response: Moving Beyond Demand Forecasting For Supply Chain

Inquiry:

We want our supply chain team to expand their efforts beyond demand forecasting. Where are the low-hanging fruits where a centralized advanced analytics team could provide value? Alternatively, is demand forecasting actually a good use of our resources?

Response:

THE BIG IDEAS:

  • Demand forecasting
  • Logistics
  • Other use cases

DEMAND FORECASTING

Forecasting provides the biggest use cases across the manufacturing industry and supply chain, in general, so I wouldn’t stop demand forecasting completely. There are ways to lighten the load

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