Kinaxis - Q3of3:Demand Planning-How to Reduce Risk

www.kinaxis.com As a general rule, forecasts are always inaccurate. This paper discusses two approaches which can be used to reduce the risk and impact of inaccurate demand forecasts: 1. Collaboration between customers and suppliers to improve the accuracy of the forecast. 2. Quicker response to demand changes to reduce the cost of forecast error. By improving your demand planning and demand management processes, your organization can improve customer service (by being more responsive) as well as operations performance (by achieving inventory reductions).