Supply Chain – Challenges
The job of a Supply Chain Manager has never been more complex & difficult than in current times. Ever growing & volatile markets, businesses moving away from brick & mortar to online stores, customers’ increasing demands & changing behavior, unforeseen disruptions, all of which constantly challenge a Supply Chain Manager to have real-time visibility to customers’ demand and hold an optimal inventory for it.
Traditional Demand Planning – Drawback
In traditional demand planning, statistical forecasting models have been used to generate baseline forecast using historical data. With complex supply chains spread wide across geographies, such forecasting models do not work for short-term & unforeseen external factors that immensely influence a business’s performance.
Demand Sensing – Supply Chain Empowered
Demand sensing plays a vital role in helping present day Supply Chain Managers to carry out demand planning in a realistic manner; be better prepared with an optimum inventory to meet customer’s demand in the wake of any short-term factor disrupting it.
To know more about demand sensing, its benefits as an important tool for today’s businesses and how SAP IBP can help achieve better forecast accuracy at a detailed level using demand sensing, please DOWNLOAD & read our white paper titled – Empowering Supply Chain with SAP IBP Demand Sensing.
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