Outsourcing Your Forecast Can Deliver Significant Business Improvement
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The appetite for companies to outsource their statistical forecast has increased significantly over the last decade. By outsourcing the statistical forecasting, organizations can free up time of the demand planners, get access to expert skills in the forecast area as well as cutting edge forecasting techniques.
In 2015, Royal Unibrew was one of the first Danish companies to outsource their statistical forecast. On a weekly basis, Royal Unibrew exchange their sales history for the future forecast.
This has freed up time for demand planners to focus on the commercial interaction and exceptions, basically where it adds most value. Over the years it has delivered significant improvements to both forecast accuracy and thus service level and inventory levels.
- What does it mean to outsource the statistical forecast?
- What are the benefits and is there any disadvantages?
- How does the process work in an outsourcing setup?
Mikkel Fournaise, Head of Demand Planning, Royal Unibrew
Camilla Thuge Lund, Facilitator at DILF Competence network S&OP, Partner, Deloitte Consulting Supply Chain Network Operations
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