Kinaxis | Demand Planning: How to Reduce the Risk and Impact of Inaccurate Demand Forecasts

As a general rule, forecasts are always inaccurate. This paper discusses two approaches which can be used to reduce the risk and impact of inaccurate demand forecasts:

Collaboration between customers and suppliers to improve the accuracy of the forecast
Quicker response to demand changes to reduce the cost of forecast error

By improving your demand planning and demand management processes, your organization can improve customer service (by being more responsive) as well as operations performance (by achieving inventory reductions).

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Demand Planning: How to reduce the risk and impact of inaccurate demand forecasts

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About Kinaxis

Kinaxis delivers a cloud-based solution at the heart of planning and response management for value chain operations. Large manufacturing companies with complex supply chain networks and volatile business environments rely on RapidResponse for collaborative planning, continuous performance monitoring, and coordinated response to plan variances across multiple areas of the business. With RapidResponse, enterprises are able to attain a control tower solution that encompasses a full spectrum of supply chain related business processes, including such functions as: S&OP, supply and capacity planning, demand planning, and supplier collaboration. As a result, Kinaxis customers have replaced disparate planning and performance management tools and are realizing significant operations performance breakthroughs. From a single product, customers are able to make both long-term and real-time demand and supply balancing decisions quickly, collaboratively, and in line with the shared business objectives of multiple stakeholders.