We take a four-step approach to reshape demand and inventory planning in a sustainable manner:
- Define strategic service requirements and categorize products according to their business roles
- Design state-of-the-art forecasting methods, acting on the key factors that may influence accuracy (e.g., aggregation levels, promotions, price-elasticities, outliers)
- Deploy effective inventory policies that enable the right service levels and drive alignment with financial goals
- Challenge the company’s culture and focus on plan-do-check-act cycles for continuous quality improvement.