Industrial after-market supplier achieves accurate demand forecasting
Demand management planning can be a difficult — although entirely necessary — undertaking for any organization. Anticipating customer needs and ensuring your inventory is always well-stocked and demand-ready requires consistently accurate forecasts. Without the right infrastructure and systems to support demand management, businesses risk either failing to keep up with customer needs or routinely encountering cost overruns as they overstock inventory.
All of those factors become even more heightened in an industrial setting. Industrial operations cannot afford to simply shut down and wait for required materials to arrive. There is an enormous amount of pressure on suppliers to deliver their products as quickly as possible. As a successful after-market supplier of parts and materials to oil rigs and other industrial operations, our client is no stranger to the rigors of demand management. It recently contacted Inspirage to help implement a demand management planning solution that would improve the company’s forecasting capabilities and keep inventory costs in check.
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