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Leading indicators in forecasting

April 19 | 16:00h - 17:30h

Agenda-banner-WebinarWednesday-19-April-2023

These are challenging times for companies’ supply chains. Long and unreliable lead times, volatile demand, inflation, wars, geopolitical tensions, the aftermath of the pandemic, staff shortages – every conceivable logistics disruption seems to be happening at the same time. So how can you keep your demand plan, your inventory plan and your production plan aligned so that you can still achieve your strategic/financial goals?

Which forecasting method works best depends very much on your position within the chain, stated keynote speaker Bram Desmet. As a professor at Vlerick Business School, the CEO of software company Solventure and an author of books on strategy-driven supply chains, he knows his stuff. He demonstrated how ‘Tier n’ suppliers, i.e. companies at the beginning of the chain, are now virtually unable to use traditional forecasting techniques because they are based on historical sales data. Due to uncertainty, disruptions and lock-in effects, they give a completely distorted picture of actual demand. Desmet: “With so many disruptions occurring at once, all the companies in the chain are panicking. They start overstocking and overreacting to changes in demand, which creates new bullwhip effects.”

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Details

Date:
April 19
Time:
16:00h - 17:30h
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