Companies operate in increasingly dynamic market places with global competition, consumer fads and shortening product lifecycles, so predicting future demand isn’t easy unless you have a crystal ball to see into the future.

In the real world, it’s a struggle to match supply with demand, where an inaccurate forecast can lead you to two extremes:

• having too much stock, increasing write downs, obsolesence, warehouse costs etc
• having too little stock, suffering with backorders and unhappy customers expediting
• both at the same time!!
  

High customer expectations and increasing competition are forcing companies to change the way they do business. Companies need to streamline operations, reducing inventory and cost while simultaneously improving service in increasingly more complex and lengthy supply chains. This is the ongoing challenge for any business that is going to thrive in today’s markets.

The basic problem is simple; right product, right place, right time, all the way up and down the supply chain.

But the solution is rather more challenging, requiring a combination of process, behaviour and system solutions that will drive business performance.
Oliver Wight run seminars on a regular basis where you will learn how to get a clearer understanding of consumption and meeting true demand, how to work together collaboratively to ultimately achieve better forecasting and in particular you will learn how to go about designing and implementing a process to improve forecast accuracy and reduce variability.

These seminars are free except of course for your time.

Typical Programme

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Intelligent Forecasting 19 June 2008 Gallery