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.