Correcting Forecasting Manufacturing Errors Requires Accurate Data and Implementation of Best Practices
The Forecast Errors newsletter reported accurate data regarding suppliers, costs, risks, and other important criteria, is absolutely crucial as a first step in understanding where to focus sourcing efforts. Developing a sourcing roadmap that generates the greatest results requires additional analysis of organizational goals, market conditions, and spending patterns. Correcting forecasting errors requires implementation of best practices for collecting and classifying spend and supplier data for effective spend analysis, how to use this analysis to build a long term sourcing...
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