It's becoming clear to me that regardless of how much digital “ink” we spill globally on supply-chain importance and tactics, we have a long way to go to optimize processes.
Bigger companies are, of course, more geared up to improve processes and invest in new technologies. But the majority of the bell curve (small to mid-sized companies) face a resource challenge.
state of demand forecasting. That means opportunity.
That was evident in last week's EBN poll on forecasting. One in three respondents felt their company's demand forecasting was poor, or just outright bad.
A nearly like amount, on the other hand, felt forecasting processes were good or very good. The rest bunched up in the middle.
This is a huge opportunity for consultants and tools vendors. Ken Bradley, president of Lytica, is one such resource. He writes about ways to improve your supply chain and procurement insight, and his company offers procurement professionals the ability to benchmark their costs and get cost estimates for potential component purchases.
But there are others out there, from SiliconExpert to Datasheets.com to any number of third-party providers.
What's working for you? And if you're a provider, what should people be considering to optimize their demand forecasting capabilities?