How to Take Advantage of the Demand Sensing Revolution
How to use a highly accurate forecast of near-term demand to drive up perfect orders using much less inventory
This jump in forecast accuracy helps companies manage the effects of market volatility and gain the related benefits of a demand-driven value network, including:
- More efficient operations
- Increased service levels
- Higher revenues and improved profit margins
- Lower inventory levels
- Better order performance
- Shorter cash-to-cash cycle time
The principles of demand sensing discussed in this paper apply across industries and more directly to any company participating in a supply network, including retailers, manufacturers, suppliers, or carriers.
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