A blueprint for evolving your demand planning processes
As supply chains face challenges, organizations must evolve demand planning to manage shifting patterns and disruptions. This white paper outlines a four-stage maturity model:
- Stage 1: Relying on gut feel and historical data, with limited collaboration and manual processes
- Stage 2: Formalizing planning based on shipment data, but remaining supply-centric
- Stage 3: Automating analytics and integrating sales/operations planning
- Stage 4: Embracing consumer-based signals, machine learning, and data science
Recommendations include statistical forecasting, predictive analytics, and fostering a data-driven culture. Evolving demand planning boosts accuracy, cuts costs, and enhances resilience.