5 Steps to Effective SCM Forecasting

As demonstrated above, the collaboration with supply chain partners should not only be a one-time event; there should be a cross-functional team appointed that includes all supply chain partners: the manufacturer, the wholesale distributor and the retailer. This team should plan all of the supply chain activities such as production, inventory, transportation and warehousing in order to successfully meet planned objectives. This should be facilitated through a shared forecast.