Ultriva Corroborates PwC Chemical Industry Average of Forecast Errors Exceed 36 Percent
A forecast error is the difference between the actual and predicted value. The consequences are expensive inefficiencies that can be resolved with lean manufacturing technology. Ultriva recently reported in Forecast Errors, a weekly e-newsletter, corroborates the PwC survey results that within the chemical industry the average forecast errors exceed 36 percent.
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