In an increasingly consumer driven market, forecasting effectiveness diminishes rapidly outside of a small window. Procurement and inventory control are faced with ever increasing pressures to meet demand, while simultaneously minimizing inventory. Lean pull systems effectively manage inventory levels but often do so at the expense of agility to meet unexpected demand.
JPK Group’s upcoming session: Impact Profit and Customer Satisfaction with Demand Uncertainty will explore methods to implement lean processes while still being agile enough to react to changes in demand. The session is in Boston on June 15, 2016 and will be lead by Richard Goyette. Click to learn more.
Attendees will analyze the underlying drivers of demand uncertainty to help companies improve demand planning and ultimately supply chain performance, as well as:
- Identify forecast error contributors such as product portfolio, customer order patterns, economic cycles, seasonality, or new product launches
- Estimate anticipated forecast accuracy for existing and new products with a proven analytical framework
- Target the forecast improvement initiatives that generate the most business value
A strong proponent of integrating Lean Manufacturing principles with collaborative supplier relationships, Rick has over 25 years experience in Supply Chain and Operations with leading companies, such as Intel, Illinois Tool Works and Therm Fisher Scientific. In February 2016 he founded Riwgo Supply Chain Services to help other small and mid-size companies identify areas for improvement and drive process improvements in Supply Chain and Inventory Management to help drive improvements to their bottom line.