Forecasting at Mitsubishi Logisnext Europe
Watch the Video and learn how Mitsubishi Logisnext Europe has benefitted from using Jakamo’s Forecasting feature.
Why has supply chain forecasting become so a topical issue in the manufacturing industry?
With the current global supply chain disruptions, effective forecasting has become more important than ever before. The goal is to balance supply and demand, minimize waste, ensure business continuity, efficiency, and profitability, and optimize resources while meeting customer expectations.
Effective forecasting has become critical for manufacturers because it helps them avoid stock-outs, reduce inventory costs, improve customer satisfaction, and increase overall profitability. With accurate forecasting, manufacturers can optimize their production schedules, avoid overproduction or underproduction, and respond quickly to changing market conditions.
Despite its benefits, forecasting in the manufacturing industry can be challenging due to several factors, such as inaccurate demand data, supply chain disruptions, changing consumer preferences, and unforeseen events. However, manufacturers can mitigate these challenges by leveraging data analytics, collaborating closely with suppliers, and implementing agile supply chain strategies.
By leveraging data analytics, collaborating with suppliers, and implementing agile supply chain strategies, manufacturers can improve their forecasting accuracy and navigate through the current supply chain disruptions caused by the pandemic, war, and other unforeseen events.
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