Who wants to become a demand-forecasting expert? (Part 2)

back-to-the-future-delorean12Welcome back to the present (assuming you’ve just been to the future and back)!

This is part 2 of a two-part series discussing insights revealed at the recent sales & operations webinar hosted by DELMIA Quintiq and EyeOn. Continuing from where we left off, we explore key messages shared by Dr. Michiel Jansen, senior solutions consultant at DELMIA Quintiq.

No, it’s not just your company. At least one third of the participants in the recent sales & operations webinar use Excel as their sole tool in demand planning. Sure, if you’re using a knife instead of a power-screwdriver, you’ll get the job done, but how fast, how efficient, and how satisfactory is the end result? Find out what you can gain with demand planning tools that you can’t with Excel.

Key takeaways for successful demand planning

Read on for more insights into becoming a demand-forecasting expert.

1. Automate the forecasting process where possible.

2. Combine multiple sources of information to improve accuracy of forecast.

3. Use different but synchronized demand plans to support each planning level.

4. Integrate your demand planning with sales & operations (S&OP) to close supply chain gaps and increase profitability.

Watch Dr. Michiel describe the benefits of collaborative forecasting and scenario-based planning.

What tools are you currently using for demand forecasting? Give us your opinion below or tweet us @Quintiq.

Related post:

Who wants to become a demand-forecasting expert? (Part 1)