Matching demand with supply depends on the
coordination of plans from Marketing & Sales with those in Operations.
Better known as Demand Management, the robustness of the process sets the
pace of the entire supply chain. When “the forecast is always wrong†how
can we make it less wrong? Inaccuracy in the demand forecast is the leading
cause for excess inventory. Stock outs due to inaccurate forecasts cause
waste throughout the supply chain. The elimination of defects and waste are
opportunities for continuous improvement. In this mini-workshop we will
examine using Lean and Six Sigma methodologies to reduce the waste in the
demand management process to improve forecast accuracy.
You will learn:
- Lean concepts to eliminate waste in the forecasting process
- How to identify variability and ways to reduce it
- How to make the forecast less wrong
Janice Gullo
