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Demand forecast

demand
Bearbeitet am 29. Juni 2021
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Anonym A fragte am 28. Juni 2021

How can you improve demand forecasting, and frequency of delivering goods to distributors?

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Ian
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antwortete am 29. Juni 2021
#1 BCG coach | MBB | Tier 2 | Digital, Tech, Platinion | 100% personal success rate (8/8) | 95% candidate success rate

Hi there,

Quite simply, by using technology. You'll need to bring in an inventory management system and data analytics.

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Adi
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bearbeitete eine Antwort am 29. Juni 2021
Accenture, Deloitte | Precision Case Prep | Experienced Interviewer & Career Coach | 15 years professional experience

There are two parts to your question:

Improve Demand Forecasting

  • Improve current forecasting process, remove manual workaround as much as possible & drive automation
  • Drive collaboration with Sales, Marketing & Finance to achieve a consensus forecast which is in line with market demand
  • Use apprpriate technology/tools for stastical forecasting, using ML/AI if possible
  • With all these changes, you will need to train people and change manage the transition to new ways of working

Increase Frequency of Delivering good to Distributors

  • This will require inventory management & optimisation at the warehouse i.e having the right stock (not too much or not too less). Again, same approach- improve the process and use right technology/tools
  • Optimise the distribution network (via a partner such as DHL) to ensure delivery times & frequencies are met. Manage the partner through strong SLAs

In supply chain everything is connected. Localised improvements will only give marginal benefits before the problem piles up.

Demand Forecasting-> Supply Planning-> Inventory Management-> Sourcing & Procurement-> Manufacturing-> Delivery & Distribution- > Returns

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Ian

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