Guide to Improving Forecast Accuracy
Improving forecast accuracy is never easy, but is an essential step to
lowering inventory levels and the associated carrying costs and scrap. Better forecasts also ensure that
the right product is in the right place at the right time, delivering improved customer service levels and
reducing the need for fire-fighting and expediting. In these days of complex and extended supply chains,
increasing forecast accuracy is a competitive necessity to achieve top-line growth as well as bottom-line
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