In Covid-19 times there are growing concerns about the relevance of past data and the effectiveness of forecasting capabilities. Given the fact that these times are unprecedented, relying solely on historical data or short-term demand fluctuations, results in distorting planners forecasting ability.
The solution to this increasing level of uncertainty is robust scenario analysis. The EyeOn Planning Services Team helps our customer from the chemical industry with creating different demand scenarios. By combining customer’s business input, we succeeded to map the effect of potential demand changes on safety stock levels and interpreted inventory performance. Offering thus to our customer, a road map of how inventory should be managed according to each demand scenario.
The urgency agile responses is evident, however towards which direction? This is exactly where EyeOn Planning Services can make an impact; for more information explore the Planning Services website, or contact our colleague Bohdana Shumanska.