A new article at IndustryWeek discusses the top 10 demand planning strategies.  It’s a good article with several good recommendations.  I posted a comment at the site and have included it here as well.

** My comment **

I thought the article included several good suggestions.  I would add echo the comments that statistical forecasting in a world of constant change truly does represent just a starting point.  As noted by the author, collaboration with customers is essential to understanding their changing demand requirements and having a chance to meet them.

Beyond demand planning, demand management practices that align demand and supply, both inside and outside the sales and operations planning (S&OP) process, have become increasingly critical to supply chain management success.  Demand planning and supply planning can no longer be sequential, disconnected processes.  The ability to do integrated and collaborative demand-supply planning, to monitor the health of the business and develop rapid and effective response to change is the key to success in light of the volatility facing most businesses today.

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Tags: Demand management, Demand planning, Sales and operations planning (S&OP)
Posted in Demand management
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