Discover the future of demand planning and forecasting in our new eBook.
Wondering what the future of supply chain planning looks like? Two words: digital transformation. It's accelerating across business sectors worldwide; now more than ever. The wholesale distribution and manufacturing industry is no exception; we're seeing increasing digitisation of supply chains particularly, demand planning. Organisations that embrace a digital approach and a willingness to leverage technology within their supply chains can adapt and update forecasts in real-time — allowing for a leaner inventory that hits the mark on demand.
To ensure a lean, agile, and data-driven approach, it’s essential that your team understands not only the value of your chosen system but how to use it. Once they've got to grips with how it works, they'll soon find further opportunities to:
• Reduce operational costs
• Boost revenue
• Expand your competitive advantage
Supply chain planning is essentially a balancing act. It's about striking the right balance to accurately meet customer demand without depleting working capital. Achieving this means using demand planning and forecasting, and it's with that in mind that we've developed a new eBook: Striking the right balance: How to deliver your wholesale goods without depleting working capital. It outlines how an automated demand forecasting system can help you free up time and get detailed, accurate results fast.
The eBook covers these key areas:
Why it's the critical first step to an efficient and profitable supply chain
Having an accurate demand forecast is the starting point of efficient supply chain planning, and this requires accurate planning. A well-connected supply chain means demand planning can be conducted in real-time. When implemented well, it becomes a pivotal process in boosting a supply chain’s profitability.
Why agility equals success
Demand forecasting is the direct result of demand planning, but many wholesale distribution businesses fail to do it well, or even at all. We discuss why this step is pivotal to remaining agile in meeting changing consumer demands.
Automated demand forecasting
How you can gain more visibility through digital automation tools
Increased supply chain visibility, accurate and timely forecasting, and reduced running costs are all key benefits of an automated demand forecasting solution. Harnessing the power of a demand forecasting solution is pivotal to successful supply chain management in today's modern age.
How digital automation tools are helping FMCG businesses forecast demand in the real world
- Bundaberg Brewed Drinks (BBD) achieved a completely integrated process that supports sales and demand planning at a global level. Read their story.
- Boardwalk Frozen Treats—improved forecast accuracy while reducing ingredient and finished good losses
With the right demand planning and forecasting solution in place, your organisation will see significant planning improvements across finance, sales and marketing, raw materials, production, and risk assessment. What this means is your business will be operating a resilient supply chain that will save time, reduce costs and achieve certainty.
If you'd like more information on how automation tools can modernise your supply chain and ease channel management workload, download our eBook: Striking the right balance: How to deliver your wholesale goods without depleting working capital.