Sales forecasting is not about complex algorithms
Rather, it is about simple value-creating process steps
An increasing number of companies are faced with challenges in connection with their sales forecasting. Among the most common examples are low forecast accuracy, high complexity, lack of competencies in forecast, “black box numbers” and heavy work processes.
Royal Greenland optimises its supply chain
“Breaking the curve” is a list of initiatives for reducing inventories in Royal Greenland’s supply chain around the world. For the last couple of years, two large initiatives have been running, namely the implementation of sales and operations planning (S&OP) and the implementation of master/tactical planning.
Keep the balance with 8 inventory management viewpoints
Balance your net working capital tied up in inventory with your desired delivery performance. Many companies initiate projects on inventory optimisation, when inventories are too large and/or delivery performance is too low. All too often, companies face both challenges at the same time and, consequently, there is a need to find a balanced approach, where net working capital and delivery performance are equally in focus.