Demand and inventory planners across every industry need to keep inventories low, but they don’t want to be caught off guard when the economy starts to recover and demand begins to rise. With the long lead times of today’s complex global supply chains there’s little room for error.
With collaborative forecasting, demand planners have the ability to systematically collaborate with sales, finance, marketing and operations — as well as suppliers and customers — to create a more accurate forecast. This feedback can provide visibility into areas that demand planners wouldn’t otherwise be able to see, allowing enterprises to plan more effectively for demand, improve customer service, and optimize inventory levels.
John Galt Solutions, provider of planning solutions for the consumer-driven supply chain, announced an upcoming webinar entitled “Collaborative Forecasting: Planning for Recovery” scheduled for Thursday, May 14 at 2:00pm eastern. Speakers from MIT, Milwaukee Tool, PetSafe and Supply & Demand Chain Executive magazine will discuss the importance of collaborative forecasting when preparing for economic recovery.
Dr. Larry Lapide, of MIT will moderate a panel that includes supply chain planners from consumer and industrial products companies. These industry leaders – some just getting started with collaboration and others with more experience – will discuss the challenges they face and the techniques and technologies they are using to prepare their supply chains for recovery.
Supply chain panelists include Guy Pearson from Milwaukee Electric Tool Corporation and Tracey Quillin of PetSafe. During this informative webinar the panelists will discuss:
- Increasing collaboration with sales
- Leveraging tools to simplify the planning process
- Planning demand at more granular levels
- Reviewing forecasts via the web with key customers