There’s an often-quoted saying: The only thing certain about a forecast is that it is always wrong. And yet, companies spend a great deal of time and resources trying to predict as accurately as possible the future demand of their supply chains. In spite of this significant investment, many steps and participants fail to make the forecast any better-and some only serve to make it … [ Read more ]
Content: Article | Author: Michael Gilliland | Source: Supply Chain Management Review | Subjects: Management, Operations
As complexity and demand for new products grow, companies are realizing that their supply chains need to be more flexible.Yet while they realize the importance of flexibility, they struggle with how to accomplish this difficult task.
Content: Article | Authors: Randy Garber, Suman Sarkar | Sources: A.T. Kearney, Supply Chain Management Review | Subject: Operations