The Art and Science of Effective Demand Planning and Forecasting

To revamp your business and plan its strategies in highly uncertain scenario, the Demand Planning and Forecasting is the most essential aspect of every organizations planning process.

Over the past few years, we have seen demand patterns ranging from huge spikes to deep troughs, and everything imaginable in between. Suddenly, what had been adequate planning tools have now become entirely defunct because of their reliance on historical trends. As an effect, companies that relied heavily on statistical forecasts needs to find an alternative approach to demand planning and get their demand planning back on track. This has prompted planners to go back to fundamentals and rethink and redesign their demand planning processes.

DPF summit is all about how to sense demand and plan effectively for better optimization of Inventory and production process to achieve cost optimization using Omni channel data sources and forecasting with latest analytical tools by integrating S&OP process to its maximum potential.