Demand planning and forecasting is an essential part of successfully running a business. In fact, it is so important that Gartner places forecast accuracy at the very top of its metrics hierarchy.
Through years of experience working with some of Gartner’s highest ranking supply chains, Ben YoKell, principal for the Demand Planning Intelligence Consortium, knows what supply chain owners need to do in order to minimize inaccuracies in their demand planning forecasts year after year.
In this article, published in the Supply Chain Management Review, YoKell lays out the four agreements that businesses must take to heart to improve their Demand Planning, including:
Agreement 1: Be Impeccable With Your Word
Agreement 2: Don’t Take Anything Personally
Agreement #3: Don’t Make Assumptions
Agreement #4: Always Do Your Best
Read the entire article on Supply Chain Management Review’s website for full descriptions of each agreement.