HOW TO EMBRACE THE NEW NORMAL IN DEMAND PLANNING
Unusual consumption patterns have made it nearly impossible for businesses to adequately manage demand this year. Because traditional planning tools, which rely on historical sales data to forecast demand, are ill-equipped to help supply chain leaders navigate 2020’s unprecedented volatility, there’s a renewed reliance on Excel-based planning processes and manual methods of evaluating hyper-local variables. Unfortunately, that’s a step in the wrong direction. Spreadsheets aren’t the answer. Today’s demand planning requires much deeper insight, real-time data and, ultimately, the ability to sense where change is happening and determine what impact it will have on your forecast.