Forecast Errors Must Be Eliminated for Demand Planning to Increase Production
The current environment of proliferating product portfolios and increasing demand volatility means there is a great deal riding on getting demand planning right. Forecast Errors, a weekly e-newsletter, shares methods, modes, and tools used in a variety of supply chain industries. The newsletter explores forecast errors as the difference between the actual and predicted value. The consequences of errors are expensive inefficiencies that can be resolved with lean manufacturing technology. The upcoming issue explains how inaccuracies in demand forecasts generate...
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