“We need robust demand planning” is a phrase I hear from almost every client. Demand planning accurately forecasts customer purchases, essential to any business that buys/builds goods. At a basic level, the definition of demand planning and its crucialness to business are self-explanatory. However, successfully implementing demand planning responsive to
Demand Planning
Demand planning and forecasting has always been tricky. But now, with evolving consumer demands, a new generation of competitors, and global macroeconomic pressures, it’s even more difficult. With disruptive events like the pandemic, shifts in consumer demand, behavior, and preferences, and inaccurate data are plaguing our ability to forecast demand,
Demand Planning with Unprecedented Inflation and Economic Headwinds The dirty “I” word has reared its ugly head. According to usinflationcalculator.com, The US Inflation rate hit a new 40-year high in May 2022. This new era of inflationary pressure brings with it a depression of consumer confidence that poses significant implications
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