"Prediction is very difficult, especially if it's about the future" - Niels Bohr and Others
Since predicting the future is not that easy, let’s get started with a statement about the present: We live in the age of information.
Everybody – including planners and business leaders for the case in point – have access to a great volume of information and content on how to better plan the demand and increase the accuracy of the demand forecast. And I am sure that you, reading this, already have read a lot about it.
So, why another blog yet mounting on the existing pages that already cover demand planning? Because “prediction is very difficult, especially if it's about the future”. And predicting the demand is not only difficult, but pivotal for now-a-days demand driven organisations. The demand forecast ripples through the organisation and has major impact in Inventory Planning, Revenue Estimates, Budgets… and this relevance is what pushes heads of supply chain and other decision makers to find new ways to improve their predictions.Read Article