In 2014, Walgreens had a $1 Billion forecasting blunder that led to the exit of two executives. And in 2001, Nike also had demand planning software implementation failure that led to a $100 million loss in sales. These examples show how compulsory demand forecasting and having the right demand forecasting systems play in the overall advantage of businesses.   Demand forecasting creates an important component of the […]

Supply Chain Management & It’s Important A product system used organizations to get products from consumer and delivering the final product to the customer. A well-organized supply chain management system involves optimizing operations functionality to be fast and efficient.     What is Supply Chain Management? SCM, not a process served to generate cost reduction […]