Supply chain automation to improve the forecast accuracy of customer demand and production

Dr Kanak Madrecha who is a world class leader and professional in supply chain & logistics and business excellence and Larisa Chernova (Consultant of Novo BI company on digital transformation of supply chains and forecast of demand) will explain the the strategic role of demand management, forecasting, and sales & operations planning and the innovative solution that can be used to optimize these processes. The main points: • Demand Forecasting Accuracy. How to improve customer satisfaction & help in customer retention in the long run? • Inventory Optimization. How to optimize inventory by deciding “economic order quantity (EOQ)“ which minimizes total inventory cost? • Supply Chain Costs Optimization. How to optimize the sum of 4 cost components i.e. material purchase cost inventory carrying cost inventory ordering cost product distribution costs? • What approaches should be used to increase supply chain planning accuracy? • How a digital system helps to automate demand forecasting, how it optimizes planning in supply chains? • How to improve demand forecasting accuracy without additional expertise of sales department? For more information please visit our website: Follow us on Linkedin: #supplychain #novobi #supplychainplanning #demandforecasting #inventorymanagementsoftware #demandandsupply