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Effective Forecasting Methods To Improve Supply Chain Planning

Tags : Forecast, Supply Chain, Sales collaboration, Retail India, Retail Chains, Retail Industry, Retail Market, Retailing, Retail
Industry : Retail Chain/Logistics, FMCG/Foods/Beverage
Functional Area : Consumer Sales, Logistics & Supply Chain
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About "Effective Forecasting Methods To Improve Supply Chain Planning" topic:

If one wants to be successfull in the business front which is requires supplying like retail and others, one should be aware of the demands for the future and the trends of the market behaviour, so effective forecasting techniques is what one requires, where one forecasts before the demand is put forward, with this one is ready to tackle the demand and be in a position where one knows how the market is at the moment and how it will behave in the future. So let us discuss what are the effective forecasting techniques in the supply chain, let us have a discussion on this topic which is very important and which needs to be addressed.

1 trends , 1 idea contests on topic: "Effective Forecasting Methods To Improve Supply Chain Planning"
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1 Demand Intelligence
2 Inventory profile of a Supply chain
By : Akhilesh Majumdar
Sushil Kumar Joshi  |  Supported idea  "Demand Intelligence"  |  4 years ago
If consumer demand is known then only as relevant to the demand we can develop strategies for supply chain
Suresh Jagannathan  |  Added idea  "Inventory profile of a Supply chain"  |  5 years ago
The most important aspect to any supply chain is the inventory it carries. Whatever be the demand, supply position if the inventory is adequately managed, the supply chain is successful.. This means, being able to align all supply resources to...
 
 
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The seven Principles of Supply Chain Management are as follows : Principle 1: Segment customers based on the service needs of distinct groups and adapt the supply chain to serve these segments profitably. Principle 2: Customize the logistics network to the service requirements and profitability of customer segments. Principle 3: Listen to market signals and align demand planning accordingly across the supply chain, ensuring consistent forecasts and optimal resource allocation. Principle 4: Differentiate product closer to the customer and speed conversion across the supply chain. Principle 5: Manage sources of supply strategically to reduce the total cost of owning materials and services. Pr...
By : Akhilesh Majumdar
Asif Shaikh  |  Commented  |  4 years ago
Very Informative and actually qualifying to be called Principles. It will be nice if someone can explain Principle No. 4.
 
 
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