It’s that time of year again where Supply and Demand problems hit the headlines. Previous must-have toys have been Cabbage Patch Dolls, Wii’s and Go Go Hamsters but what will be this years aisle victim? Supply & Demand issues are not just for Christmas though – getting the Forecast as good as possible is always critical to reducing wasteful manufacturing, excess inventory and avoidable transportation costs.
As you take a critical eye over the availability of Poppies from the Tower of London or Monty the Penguin at John Lewis consider the fitness for purpose of your Forecasting methods, systems & processes. Understand where opportunities have been lost and put measures in place to rectify them. Talk to the Vertex Fusion Alliance and improve your predictions.